Price for Tube or Pipe Flanges of Stainless Steel in Turkey - 2024
Contents:
- Price for Tube or Pipe Flanges of Stainless Steel in Turkey (CIF) - 2024
- Price for Tube or Pipe Flanges of Stainless Steel in Turkey (FOB) - 2024
- Imports of Tube or Pipe Flanges of Stainless Steel in Turkey
- Exports of Tube or Pipe Flanges of Stainless Steel in Turkey
Price for Tube or Pipe Flanges of Stainless Steel in Turkey (CIF) - 2024
In May 2024, the average import price for tube or pipe flanges of stainless steels amounted to $11,073 per ton, rising by 35% against the previous month. In general, import price indicated a noticeable increase from May 2023 to May 2024: its price increased at an average monthly rate of +2.8% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on May 2024 figures, import price for tube or pipe flanges of stainless steels increased by +49.8% against March 2024 indices. The most prominent rate of growth was recorded in January 2024 when the average import price increased by 52% against the previous month. As a result, import price attained the peak level of $13,355 per ton. From February 2024 to May 2024, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was China ($23,663 per ton), while the price for India ($5,090 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 China (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tube or Pipe Flanges of Stainless Steel in Turkey (FOB) - 2024
The average export price for tube or pipe flanges of stainless steels stood at $6,874 per ton in May 2024, which is down by -37.4% against the previous month. Over the period under review, the export price showed a perceptible downturn. The most prominent rate of growth was recorded in January 2024 an increase of 52% month-to-month. As a result, the export price attained the peak level of $16,977 per ton. From February 2024 to May 2024, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Bulgaria ($28,316 per ton), while the average price for exports to Turkmenistan ($2,064 per ton) was amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tube or Pipe Flanges of Stainless Steel in Turkey
Imports of tube or pipe flanges of stainless steels into Turkey contracted to 1.8K tons in 2022, with a decrease of -6.4% on the year before. In general, imports recorded a deep downturn. The smallest decline of -0.2% was in 2020.
In value terms, imports of tube or pipe flanges of stainless steels soared to $19M in 2022. The total import value increased at an average annual rate of +13.6% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Tube or Pipe Flanges of Stainless Steel in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 1.5 | 2.4 | 2.0 | 4.1 | 39.8% |
| India | 3.3 | 3.2 | 4.2 | 3.2 | -1.0% |
| Germany | 1.4 | 3.8 | 2.5 | 3.2 | 31.7% |
| China | 3.1 | 2.8 | 1.8 | 2.9 | -2.2% |
| Spain | 0.1 | 0.1 | 0.3 | 1.5 | 146.6% |
| Japan | 0.6 | 0.5 | 1.0 | 0.5 | -5.9% |
| Czech Republic | N/A | N/A | 0.1 | 0.4 | 300.0% |
| South Korea | 1.1 | 0.2 | 0.7 | 0.2 | -43.3% |
| Others | 1.7 | 1.3 | 1.8 | 2.7 | 16.7% |
| Total | 12.7 | 14.4 | 14.4 | 18.7 | 13.8% |
Top Suppliers of Tube or Pipe Flanges of Stainless Steel to Turkey in 2022:
- India (535.4 tons)
- China (405.7 tons)
- Italy (277.0 tons)
- Germany (262.6 tons)
- Spain (159.9 tons)
- Czech Republic (44.6 tons)
- Japan (30.9 tons)
- South Korea (17.5 tons)
Exports of Tube or Pipe Flanges of Stainless Steel in Turkey
In 2022, exports of tube or pipe flanges of stainless steels from Turkey surged to 1.4K tons, rising by 41% compared with the previous year. The total export volume increased at an average annual rate of +8.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of tube or pipe flanges of stainless steels surged to $13M in 2022. The total export value increased at an average annual rate of +11.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Tube or Pipe Flanges of Stainless Steel in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2,745 | 2,070 | 3,750 | 4,255 | 15.7% |
| France | 867 | 829 | 902 | 1,015 | 5.4% |
| Iraq | 336 | 225 | 209 | 664 | 25.5% |
| Saudi Arabia | 311 | 193 | 12.2 | 487 | 16.1% |
| Bulgaria | 448 | 238 | 417 | 474 | 1.9% |
| Russia | 75.4 | 3,078 | 216 | 343 | 65.7% |
| Uzbekistan | 125 | 73.4 | 94.8 | 291 | 32.5% |
| Ghana | 3.2 | 1.9 | 9.0 | 266 | 336.4% |
| Azerbaijan | 389 | 689 | 147 | 241 | -14.8% |
| Turkmenistan | 147 | 144 | 125 | 226 | 15.4% |
| Egypt | 55.4 | 54.1 | 134 | 218 | 57.9% |
| Iran | 154 | 41.5 | 58.9 | 151 | -0.7% |
| Bosnia and Herzegovina | 3.1 | 9.8 | 13.3 | 139 | 255.3% |
| Others | 3,910 | 3,677 | 4,042 | 4,608 | 5.6% |
| Total | 9,568 | 11,322 | 10,130 | 13,378 | 11.8% |
Top Export Markets for Tube or Pipe Flanges of Stainless Steel from Turkey in 2022:
- Germany (340.8 tons)
- Iraq (88.4 tons)
- France (59.4 tons)
- Bulgaria (56.8 tons)
- Uzbekistan (56.6 tons)
- Saudi Arabia (55.4 tons)
- Azerbaijan (54.0 tons)
- Ghana (49.9 tons)
- Russia (49.8 tons)
- Turkmenistan (48.2 tons)
- Egypt (42.4 tons)
- Iran (40.1 tons)
- Bosnia and Herzegovina (35.0 tons)
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