Price for Tube or Pipe Flanges, Other than Stainless Steel in Australia - 2024
Contents:
- Price for Tube or Pipe Flanges, Other than Stainless Steel in Australia (CIF) - 2022
- Price for Tube or Pipe Flanges, Other than Stainless Steel in Australia (FOB) - 2022
- Imports of Tube or Pipe Flanges, Other than Stainless Steel in Australia
- Exports of Tube or Pipe Flanges, Other than Stainless Steel in Australia
Price for Tube or Pipe Flanges, Other than Stainless Steel in Australia (CIF) - 2022
The average import price for tube or pipe flanges, other than stainless steels stood at $4,996 per ton in 2022, declining by -9% against the previous year. Over the period under review, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for tube or pipe flanges, other than stainless steels increased by +111.5% against 2016 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 34% against the previous year. Over the period under review, average import prices hit record highs at $5,490 per ton in 2021, and then declined in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($4,996 per ton) and Italy ($4,996 per ton), while the price for the UK ($4,996 per ton) and China ($4,996 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Tube or Pipe Flanges, Other than Stainless Steel in Australia (FOB) - 2022
In 2022, the average export price for tube or pipe flanges, other than stainless steels amounted to $1,106 per ton, reducing by -48.7% against the previous year. Over the period under review, the export price showed a significant curtailment. The growth pace was the most rapid in 2013 when the average export price increased by 39% against the previous year. As a result, the export price attained the peak level of $14,409 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($7,568 per ton), while the average price for exports to Papua New Guinea ($528 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 Singapore (-1.6%), while the prices for the other major destinations experienced a decline.
Imports of Tube or Pipe Flanges, Other than Stainless Steel in Australia
In 2022, after two years of decline, there was significant growth in overseas purchases of tube or pipe flanges, other than stainless steels, when their volume increased by 63% to 7.7K tons. In general, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +6.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of tube or pipe flanges, other than stainless steels skyrocketed to $39M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +10.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.1% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Tube or Pipe Flanges, Other than Stainless Steel in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 17.6 | 13.1 | 17.3 | 23.1 | 9.5% |
| Italy | 1.9 | 2.6 | 2.8 | 5.9 | 45.9% |
| South Korea | 1.6 | 2.1 | 1.1 | 2.4 | 14.5% |
| United States | 2.0 | 1.2 | 0.7 | 1.0 | -20.6% |
| Germany | 1.3 | 1.2 | 0.7 | 0.9 | -11.5% |
| United Kingdom | 0.3 | 0.3 | 0.4 | 0.8 | 38.7% |
| Spain | 1.1 | 0.9 | 0.5 | 0.8 | -10.1% |
| Others | 2.7 | 1.7 | 2.5 | 3.6 | 10.1% |
| Total | 28.5 | 23.1 | 26.1 | 38.6 | 10.6% |
Top Suppliers of Tube or Pipe Flanges, Other than Stainless Steel to Australia in 2022:
- China (4622.1 tons)
- Italy (1180.0 tons)
- South Korea (486.6 tons)
- United States (197.7 tons)
- Germany (183.7 tons)
- United Kingdom (164.7 tons)
- Spain (161.1 tons)
Exports of Tube or Pipe Flanges, Other than Stainless Steel in Australia
In 2022, approx. 2K tons of tube or pipe flanges, other than stainless steels were exported from Australia; rising by 109% against the year before. Over the period under review, exports enjoyed significant growth. 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, other than stainless steels reached $2.2M in 2022. In general, exports, however, recorded a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of 41%.
| Export of Tube or Pipe Flanges, Other than Stainless Steel in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Papua New Guinea | 978 | 485 | 490 | 875 | -3.6% |
| New Zealand | 472 | 351 | 709 | 294 | -14.6% |
| Indonesia | 37.0 | 24.7 | 49.8 | 280 | 96.3% |
| Singapore | 74.2 | 57.4 | 138 | 153 | 27.3% |
| United States | 57.1 | 93.8 | 68.2 | 81.5 | 12.6% |
| Fiji | 1.8 | 2.6 | 9.4 | 55.5 | 213.6% |
| New Caledonia | 265 | 139 | 10.5 | 28.3 | -52.6% |
| Vietnam | 612 | 1.9 | 4.0 | 15.3 | -70.8% |
| China | 76.8 | 94.1 | 11.2 | 11.7 | -46.6% |
| Others | 459 | 218 | 576 | 418 | -3.1% |
| Total | 3,032 | 1,468 | 2,067 | 2,213 | -10.0% |
Top Export Markets for Tube or Pipe Flanges, Other than Stainless Steel from Australia in 2022:
- Papua New Guinea (1659.5 tons)
- New Zealand (77.5 tons)
- United States (52.4 tons)
- Singapore (38.8 tons)
- Indonesia (37.0 tons)
- Fiji (31.4 tons)
- New Caledonia (11.8 tons)
- China (5.2 tons)
- Vietnam (3.9 tons)
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