Price for Tube or Pipe Flanges of Stainless Steel in Vietnam - 2022
Contents:
- Price for Tube or Pipe Flanges of Stainless Steel in Vietnam (FOB) - 2022
- Price for Tube or Pipe Flanges of Stainless Steel in Vietnam (CIF) - 2022
- Exports of Tube or Pipe Flanges of Stainless Steel in Vietnam
- Imports of Tube or Pipe Flanges of Stainless Steel in Vietnam
Price for Tube or Pipe Flanges of Stainless Steel in Vietnam (FOB) - 2022
The average export price for tube or pipe flanges of stainless steels stood at $9,371 per ton in 2022, growing by 47% against the previous year. Overall, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached 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 South Korea ($14,658 per ton), while the average price for exports to Cambodia ($2,333 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 Myanmar (+29.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Tube or Pipe Flanges of Stainless Steel in Vietnam (CIF) - 2022
The average import price for tube or pipe flanges of stainless steels stood at $8,140 per ton in 2022, dropping by -29.9% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 13%. As a result, import price reached the peak level of $11,608 per ton, and then dropped remarkably in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($8,140 per ton) and Japan ($8,140 per ton), while the price for China ($8,140 per ton) and South Korea ($8,140 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+0.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Tube or Pipe Flanges of Stainless Steel in Vietnam
Exports of tube or pipe flanges of stainless steels from Vietnam skyrocketed to 3.2K tons in 2022, jumping by 33% compared with the previous year. Over the period under review, exports recorded a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 112% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of tube or pipe flanges of stainless steels surged to $30M in 2022. Overall, exports showed a significant expansion. 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 Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 11.9 | 6.6 | 11.4 | 26.0 | 29.8% |
| Japan | 0.3 | 0.4 | 0.6 | 1.2 | 58.7% |
| Singapore | 0.1 | 0.2 | 0.3 | 0.4 | 58.7% |
| Cambodia | N/A | N/A | N/A | 0.2 | 0% |
| Lao People's Democratic Republic | N/A | N/A | 1.4 | N/A | 0% |
| Others | 0.8 | 1.3 | 1.7 | 2.4 | 44.2% |
| Total | 13.2 | 8.5 | 15.4 | 30.2 | 31.8% |
Top Export Markets for Tube or Pipe Flanges of Stainless Steel from Vietnam in 2022:
- United States (2908.4 tons)
- Japan (103.9 tons)
- Cambodia (78.0 tons)
- Singapore (54.6 tons)
Imports of Tube or Pipe Flanges of Stainless Steel in Vietnam
In 2022, approx. 2.1K tons of tube or pipe flanges of stainless steels were imported into Vietnam; rising by 28% compared with 2021. Overall, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 107% against the previous year. As a result, imports attained the peak of 2.5K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of tube or pipe flanges of stainless steels contracted to $17M in 2022. In general, imports saw a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 128%. As a result, imports reached the peak of $25M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Tube or Pipe Flanges of Stainless Steel in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.8 | 10.8 | 11.2 | 8.0 | 28.2% |
| South Korea | 4.4 | 10.5 | 4.8 | 5.5 | 7.7% |
| Japan | 0.4 | 0.3 | 0.4 | 1.0 | 35.7% |
| Italy | 0.6 | 1.8 | 1.1 | 0.7 | 5.3% |
| India | 0.1 | 0.1 | 0.3 | 0.4 | 58.7% |
| United States | 0.1 | 0.1 | 0.1 | 0.4 | 58.7% |
| Germany | 0.5 | 0.4 | 0.3 | 0.2 | -26.3% |
| Others | 1.2 | 1.0 | 0.7 | 0.8 | -12.6% |
| Total | 11.1 | 25.2 | 18.8 | 16.8 | 14.8% |
Top Suppliers of Tube or Pipe Flanges of Stainless Steel to Vietnam in 2022:
- China (977.1 tons)
- South Korea (672.1 tons)
- Japan (122.7 tons)
- Italy (82.3 tons)
- India (47.0 tons)
- United States (44.4 tons)
- Germany (20.2 tons)
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