Price for Tube or Pipe Flanges of Stainless Steel in Thailand - 2024
Contents:
- Price for Tube or Pipe Flanges of Stainless Steel in Thailand (CIF) - 2024
- Price for Tube or Pipe Flanges of Stainless Steel in Thailand (FOB) - 2022
- Imports of Tube or Pipe Flanges of Stainless Steel in Thailand
- Exports of Tube or Pipe Flanges of Stainless Steel in Thailand
Price for Tube or Pipe Flanges of Stainless Steel in Thailand (CIF) - 2024
The average import price for tube or pipe flanges of stainless steels stood at $6,466 per ton in May 2024, which is down by -32.3% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in March 2024 an increase of 84% month-to-month. As a result, import price reached the peak level of $11,655 per ton. From April 2024 to May 2024, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In May 2024, the country with the highest price was Italy ($22,394 per ton), while the price for China ($4,746 per ton) was amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was attained by Japan (+3.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Tube or Pipe Flanges of Stainless Steel in Thailand (FOB) - 2022
In 2022, the average export price for tube or pipe flanges of stainless steels amounted to $11,623 per ton, rising by 13% against the previous year. In general, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for tube or pipe flanges of stainless steels decreased by -17.4% against 2020 indices. The growth pace was the most rapid in 2013 an increase of 57%. Over the period under review, the average export prices hit record highs at $14,071 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($30,385 per ton), while the average price for exports to Cambodia ($2,616 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tube or Pipe Flanges of Stainless Steel in Thailand
In 2022, supplies from abroad of tube or pipe flanges of stainless steels decreased by -7.2% to 2.5K tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +8.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 39%. As a result, imports reached the peak of 2.7K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of tube or pipe flanges of stainless steels rose remarkably to $26M in 2022. The total import value increased at an average annual rate of +9.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 12% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Tube or Pipe Flanges of Stainless Steel in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.3 | 6.7 | 8.1 | 10.2 | 24.4% |
| Japan | 5.0 | 4.1 | 5.3 | 4.4 | -4.2% |
| Italy | 2.5 | 5.1 | 3.9 | 2.5 | 0.0% |
| South Korea | 1.5 | 1.6 | 0.8 | 1.6 | 2.2% |
| Germany | 1.9 | 0.9 | 2.8 | 1.4 | -9.7% |
| India | 1.2 | 0.6 | 0.7 | 1.1 | -2.9% |
| Indonesia | 0.4 | 0.1 | 0.3 | 0.7 | 20.5% |
| Others | 2.5 | 2.5 | 2.4 | 4.5 | 21.6% |
| Total | 20.3 | 21.6 | 24.3 | 26.3 | 9.0% |
Top Suppliers of Tube or Pipe Flanges of Stainless Steel to Thailand in 2022:
- China (1568.0 tons)
- Japan (209.0 tons)
- Italy (178.4 tons)
- Indonesia (151.0 tons)
- South Korea (139.5 tons)
- India (83.7 tons)
- Germany (67.4 tons)
Exports of Tube or Pipe Flanges of Stainless Steel in Thailand
In 2022, approx. 187 tons of tube or pipe flanges of stainless steels were exported from Thailand; with a decrease of -25.6% on the year before. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 70% against the previous year. As a result, the exports reached the peak of 251 tons, and then dropped significantly in the following year.
In value terms, exports of tube or pipe flanges of stainless steels declined sharply to $2.2M in 2022. Over the period under review, exports saw a pronounced slump. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. As a result, the exports reached the peak of $2.6M, and then declined markedly in the following year.
| Export of Tube or Pipe Flanges of Stainless Steel in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 64.4 | 117 | 88.6 | 561 | 105.8% |
| Japan | 490 | 314 | 228 | 192 | -26.8% |
| Pakistan | 128 | 127 | 213 | 186 | 13.3% |
| South Korea | 226 | 690 | 421 | 184 | -6.6% |
| Lao People's Democratic Republic | 6.3 | 138 | 260 | 151 | 188.3% |
| United States | 321 | 165 | 332 | 108 | -30.4% |
| Cambodia | 8.5 | 17.8 | 183 | 103 | 129.7% |
| India | 65.7 | 113 | 178 | 102 | 15.8% |
| South Africa | 280 | 112 | 143 | 93.4 | -30.6% |
| Malaysia | 83.6 | 36.9 | 31.4 | 89.2 | 2.2% |
| Myanmar | 192 | 62.6 | 271 | 54.6 | -34.2% |
| Philippines | 11.3 | 29.0 | 67.7 | 53.7 | 68.1% |
| Indonesia | 126 | 77.3 | 38.6 | 39.5 | -32.1% |
| Others | 329 | 71.5 | 124 | 252 | -8.5% |
| Total | 2,332 | 2,071 | 2,579 | 2,169 | -2.4% |
Top Export Markets for Tube or Pipe Flanges of Stainless Steel from Thailand in 2022:
- Cambodia (39.4 tons)
- Singapore (28.8 tons)
- South Africa (17.5 tons)
- Pakistan (16.4 tons)
- Lao People's Democratic Republic (15.7 tons)
- Japan (15.0 tons)
- India (9.6 tons)
- Malaysia (7.3 tons)
- South Korea (7.0 tons)
- Myanmar (6.1 tons)
- Indonesia (3.7 tons)
- Philippines (3.6 tons)
- United States (3.6 tons)
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