Price for Tube or Pipe Flanges of Stainless Steel in the Philippines - 2024
Contents:
- Price for Tube or Pipe Flanges of Stainless Steel in the Philippines (CIF) - 2022
- Price for Tube or Pipe Flanges of Stainless Steel in the Philippines (FOB) - 2024
- Imports of Tube or Pipe Flanges of Stainless Steel in the Philippines
- Exports of Tube or Pipe Flanges of Stainless Steel in the Philippines
Price for Tube or Pipe Flanges of Stainless Steel in the Philippines (CIF) - 2022
In 2022, the average import price for tube or pipe flanges of stainless steels amounted to $5,834 per ton, with an increase of 2% against the previous year. Overall, the import price enjoyed prominent growth. The growth pace was the most rapid in 2013 an increase of 78% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($32,730 per ton), while the price for China ($3,763 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+21.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tube or Pipe Flanges of Stainless Steel in the Philippines (FOB) - 2024
In March 2024, the average export price for tube or pipe flanges of stainless steels amounted to $21,048 per ton, rising by 34% against the previous month. In general, the export price recorded a strong expansion. The pace of growth appeared the most rapid in April 2023 when the average export price increased by 198% against the previous month. As a result, the export price reached the peak level of $29,339 per ton. From May 2023 to March 2024, the the average export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In March 2024, the country with the highest price was the United States ($21,956 per ton), while the average price for exports to Japan amounted to $20,090 per ton.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (0.0%), while the prices for the other major destinations experienced a decline.
Imports of Tube or Pipe Flanges of Stainless Steel in the Philippines
Imports of tube or pipe flanges of stainless steels into the Philippines surged to 1.9K tons in 2022, increasing by 31% compared with the year before. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +16.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.9% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of tube or pipe flanges of stainless steels soared to $11M in 2022. Overall, imports saw significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 46%. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Tube or Pipe Flanges of Stainless Steel in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,372 | 2,862 | 3,051 | 5,384 | 31.4% |
| United States | 173 | 889 | 963 | 2,071 | 128.8% |
| Japan | 633 | 955 | 902 | 920 | 13.3% |
| Taiwan (Chinese) | 135 | 182 | 586 | 551 | 59.8% |
| Singapore | 375 | 272 | 170 | 356 | -1.7% |
| India | 187 | 424 | 232 | 304 | 17.6% |
| Hong Kong SAR | 45.9 | 236 | 1,161 | 237 | 72.8% |
| South Korea | 304 | 408 | 180 | 120 | -26.6% |
| Others | 1,103 | 1,560 | 1,083 | 1,175 | 2.1% |
| Total | 5,328 | 7,788 | 8,328 | 11,119 | 27.8% |
Top Suppliers of Tube or Pipe Flanges of Stainless Steel to the Philippines in 2022:
- China (1430.9 tons)
- United States (141.3 tons)
- Taiwan (Chinese) (81.5 tons)
- Japan (59.7 tons)
- India (58.3 tons)
- Hong Kong SAR (28.5 tons)
- Singapore (24.7 tons)
- South Korea (15.6 tons)
Exports of Tube or Pipe Flanges of Stainless Steel in the Philippines
In 2022, after two years of decline, there was significant growth in overseas shipments of tube or pipe flanges of stainless steels, when their volume increased by 175% to 304 tons. Over the period under review, exports, however, saw a precipitous contraction.
In value terms, exports of tube or pipe flanges of stainless steels soared to $3M in 2022. In general, exports, however, recorded a sharp curtailment.
| Export of Tube or Pipe Flanges of Stainless Steel in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 0.3 | 0.2 | N/A | 1.5 | 71.0% |
| United States | 7.2 | 2.0 | 1.6 | 1.3 | -43.5% |
| United Kingdom | N/A | N/A | N/A | 0.1 | 0% |
| Others | 0.4 | 0.1 | 0.1 | 0.2 | -20.6% |
| Total | 7.8 | 2.3 | 1.7 | 3.0 | -27.3% |
Top Export Markets for Tube or Pipe Flanges of Stainless Steel from the Philippines in 2022:
- Taiwan (Chinese) (210.6 tons)
- United States (69.2 tons)
- United Kingdom (16.0 tons)
519
This report provides an in-depth analysis of the market for iron or steel tube fitting in the Philippines.
279
This report provides an in-depth analysis of the market for cast steel pipe fittings in the Philippines.
329
This report provides an in-depth analysis of the market for malleable cast iron pipe fittings in the Philippines.
337
This report provides an in-depth analysis of the market for non-malleable cast iron pipe fittings in the Philippines.
1356
This report provides an in-depth analysis of the global market for iron or steel tube fitting.
476
Global Cast Steel Pipe Fittings Market Report 2018. This report provides an in-depth analysis of the global market for cast steel pipe fittings.
450
Global Market for Malleable Cast Iron Pipe Fittings. This report provides an in-depth analysis of the global market for malleable cast iron pipe fittings.
463
This report provides an in-depth analysis of the global market for non-malleable cast iron pipe fittings.
519
This report provides an in-depth analysis of the market for iron or steel tube fitting in the Philippines.
279
This report provides an in-depth analysis of the market for cast steel pipe fittings in the Philippines.
241
Discover the top import markets for iron or steel tube fittings and key statistics in this comprehensive article. Find out which countries lead the industry and their import values. Explore opportunities for exporters in the global market.
3855
Global Steel Pipe Fitting Market: In 2017, the volume of the global steel tube fittings consumption stood at approx. X tons. After a noticeable contraction in 2009, the volume of consumption recovered over the next three years and then levelled of
1482
Global tube or pipe fitting imports stood at X tons in 2016, moving up by X% against the previous year figure. Overall, it indicated a remarkable growth from 2007 to 2016: the total imports volume...
1179
Global tube or pipe fitting imports stood at X tons in 2016, moving up by X% against the previous year figure. Overall, it indicated a remarkable growth from 2007 to 2016: the total imports volume...
1294
In 2014, the U.S. (X%), and distantly Canada (X%), Germany (X%) and Japan (X%) were the leading destinations of steel tube fittings imports, together making up X% of global imports in physical terms. The share of the U.S. increased, while t
241
Discover the top import markets for iron or steel tube fittings and key statistics in this comprehensive article. Find out which countries lead the industry and their import values. Explore opportunities for exporters in the global market.
3855
Global Steel Pipe Fitting Market: In 2017, the volume of the global steel tube fittings consumption stood at approx. X tons. After a noticeable contraction in 2009, the volume of consumption recovered over the next three years and then levelled of
1482
Global tube or pipe fitting imports stood at X tons in 2016, moving up by X% against the previous year figure. Overall, it indicated a remarkable growth from 2007 to 2016: the total imports volume...
1179
Global tube or pipe fitting imports stood at X tons in 2016, moving up by X% against the previous year figure. Overall, it indicated a remarkable growth from 2007 to 2016: the total imports volume...
1294
In 2014, the U.S. (X%), and distantly Canada (X%), Germany (X%) and Japan (X%) were the leading destinations of steel tube fittings imports, together making up X% of global imports in physical terms. The share of the U.S. increased, while t
