Price for Tube or Pipe Flanges of Stainless Steel in the United Arab Emirates - 2022
Contents:
- Price for Tube or Pipe Flanges of Stainless Steel in the United Arab Emirates (CIF) - 2022
- Price for Tube or Pipe Flanges of Stainless Steel in the United Arab Emirates (FOB) - 2022
- Imports of Tube or Pipe Flanges of Stainless Steel in the United Arab Emirates
- Exports of Tube or Pipe Flanges of Stainless Steel in the United Arab Emirates
Price for Tube or Pipe Flanges of Stainless Steel in the United Arab Emirates (CIF) - 2022
In 2022, the average import price for tube or pipe flanges of stainless steels amounted to $10,322 per ton, jumping by 18% against the previous year. In general, the import price, however, continues to indicate a perceptible setback. The most prominent rate of growth was recorded in 2018 when the average import price increased by 38%. The import price peaked at $13,003 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 Italy ($13,237 per ton), while the price for Malaysia ($4,817 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.3%), 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 United Arab Emirates (FOB) - 2022
In 2022, the average export price for tube or pipe flanges of stainless steels amounted to $9,033 per ton, growing by 61% against the previous year. Overall, the export price saw a buoyant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($14,918 per ton), while the average price for exports to Pakistan ($762 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 Saudi Arabia (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tube or Pipe Flanges of Stainless Steel in the United Arab Emirates
After two years of decline, purchases abroad of tube or pipe flanges of stainless steels increased by 16% to 3.3K tons in 2022. Over the period under review, imports, however, recorded a abrupt curtailment.
In value terms, imports of tube or pipe flanges of stainless steels skyrocketed to $34M in 2022. The total import value increased at an average annual rate of +2.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period.
| Import of Tube or Pipe Flanges of Stainless Steel in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 7.8 | 6.9 | 6.3 | 10.1 | 9.0% |
| Italy | 9.2 | 9.3 | 6.3 | 7.2 | -7.8% |
| China | 3.4 | 4.8 | 3.3 | 4.7 | 11.4% |
| Germany | 3.0 | 2.3 | 2.1 | 4.4 | 13.6% |
| Spain | 0.2 | 3.4 | 1.6 | 2.6 | 135.1% |
| South Korea | 4.4 | 5.9 | 2.9 | 1.8 | -25.8% |
| Saudi Arabia | N/A | 1.0 | 0.1 | N/A | -90.0% |
| Others | 3.7 | 2.8 | 2.2 | 2.8 | -8.9% |
| Total | 31.6 | 36.4 | 24.7 | 33.6 | 2.1% |
Top Suppliers of Tube or Pipe Flanges of Stainless Steel to the United Arab Emirates in 2022:
- India (1263.7 tons)
- China (550.2 tons)
- Italy (541.0 tons)
- Germany (339.7 tons)
- Spain (245.8 tons)
- South Korea (141.0 tons)
Exports of Tube or Pipe Flanges of Stainless Steel in the United Arab Emirates
In 2022, exports of tube or pipe flanges of stainless steels from the United Arab Emirates declined notably to 1.4K tons, which is down by -20.8% on 2021 figures. Overall, exports recorded a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 15%.
In value terms, exports of tube or pipe flanges of stainless steels soared to $13M in 2022. The total export value increased at an average annual rate of +5.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Tube or Pipe Flanges of Stainless Steel in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Oman | 7.9 | 7.3 | 6.0 | 10.2 | 8.9% |
| India | 0.7 | 0.1 | 1.4 | 1.1 | 16.3% |
| Germany | 0.8 | 0.6 | 0.4 | 0.7 | -4.4% |
| Netherlands | N/A | N/A | N/A | 0.2 | 0% |
| Philippines | N/A | N/A | N/A | 0.2 | 0% |
| Pakistan | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Kuwait | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Iran | 0.2 | 0.3 | 0.8 | N/A | 100.0% |
| Others | 1.4 | 1.0 | 1.4 | 0.5 | -29.1% |
| Total | 11.2 | 9.5 | 10.2 | 13.0 | 5.1% |
Top Export Markets for Tube or Pipe Flanges of Stainless Steel from the United Arab Emirates in 2022:
- Oman (681.1 tons)
- India (346.7 tons)
- Pakistan (155.9 tons)
- Germany (103.4 tons)
- Netherlands (33.1 tons)
- Philippines (27.4 tons)
- Kuwait (27.1 tons)
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