Price for Tube or Pipe Flanges, Other than Stainless Steel in China - 2024
Contents:
- Price for Tube or Pipe Flanges, Other than Stainless Steel in China (FOB) - 2024
- Price for Tube or Pipe Flanges, Other than Stainless Steel in China (CIF) - 2022
- Exports of Tube or Pipe Flanges, Other than Stainless Steel in China
- Imports of Tube or Pipe Flanges, Other than Stainless Steel in China
Price for Tube or Pipe Flanges, Other than Stainless Steel in China (FOB) - 2024
In May 2024, the average export price for tube or pipe flanges, other than stainless steels amounted to $1,550 per ton, picking up by 4.1% against the previous month. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2023 an increase of 5% m-o-m. Over the period under review, the average export prices reached the maximum at $1,725 per ton in May 2023; however, from June 2023 to May 2024, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In May 2024, the country with the highest price was the United States ($2,143 per ton), while the average price for exports to South Africa ($1,043 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 the United Arab Emirates (+0.4%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Tube or Pipe Flanges, Other than Stainless Steel in China (CIF) - 2022
In 2022, the average import price for tube or pipe flanges, other than stainless steels amounted to $9,699 per ton, picking up by 43% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The import price peaked at $9,738 per ton in 2019; afterwards, it flattened through to 2022.
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 the United States ($31,652 per ton), while the price for Indonesia ($3,975 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Tube or Pipe Flanges, Other than Stainless Steel in China
In 2022, shipments abroad of tube or pipe flanges, other than stainless steels was finally on the rise to reach 390K tons after two years of decline. Overall, exports, however, continue to indicate a pronounced decrease.
In value terms, exports of tube or pipe flanges, other than stainless steels surged to $973M in 2022. In general, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +12.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +74.6% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Tube or Pipe Flanges, Other than Stainless Steel in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 82.2 | 51.5 | 60.9 | 80.6 | -0.7% |
| Japan | 79.6 | 65.4 | 87.3 | 79.1 | -0.2% |
| Russia | 26.7 | 21.7 | 25.5 | 62.1 | 32.5% |
| United States | 71.4 | 45.0 | 49.9 | 52.1 | -10.0% |
| Germany | 37.2 | 29.9 | 49.3 | 43.3 | 5.2% |
| Italy | 23.8 | 21.2 | 27.4 | 38.3 | 17.2% |
| South Africa | 15.7 | 10.0 | 20.5 | 32.7 | 27.7% |
| Thailand | 20.4 | 20.0 | 32.1 | 29.1 | 12.6% |
| Canada | 15.9 | 9.5 | 10.6 | 25.0 | 16.3% |
| Netherlands | 16.2 | 14.1 | 17.3 | 23.5 | 13.2% |
| Denmark | 9.4 | 10.5 | 17.8 | 21.8 | 32.4% |
| United Kingdom | 16.5 | 8.6 | 16.6 | 21.2 | 8.7% |
| Israel | 4.1 | 5.1 | 6.0 | 19.4 | 67.9% |
| Others | 274 | 245 | 307 | 445 | 17.5% |
| Total | 694 | 557 | 728 | 973 | 11.9% |
Top Export Markets for Tube or Pipe Flanges, Other than Stainless Steel from China in 2022:
- Japan (38.2K tons)
- South Korea (33.8K tons)
- Russia (20.8K tons)
- Italy (17.8K tons)
- Germany (16.2K tons)
- United States (15.7K tons)
- South Africa (13.6K tons)
- Netherlands (12.7K tons)
- Thailand (11.5K tons)
- Denmark (11.1K tons)
- United Kingdom (10.4K tons)
- Israel (10.1K tons)
- Canada (9.9K tons)
Imports of Tube or Pipe Flanges, Other than Stainless Steel in China
In 2022, overseas purchases of tube or pipe flanges, other than stainless steels decreased by -20.7% to 4.2K tons, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 71%. As a result, imports attained the peak of 8K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of tube or pipe flanges, other than stainless steels amounted to $41M in 2022. Over the period under review, imports continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2020 when imports increased by 13%. As a result, imports reached the peak of $52M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Tube or Pipe Flanges, Other than Stainless Steel in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 6.7 | 5.1 | 5.2 | 7.5 | 3.8% |
| Japan | 7.9 | 6.7 | 7.6 | 7.1 | -3.5% |
| Italy | 4.0 | 6.3 | 6.1 | 6.0 | 14.5% |
| South Korea | 6.1 | 14.4 | 7.0 | 5.5 | -3.4% |
| Spain | 0.1 | 5.1 | 0.2 | 2.7 | 200.0% |
| Singapore | 0.3 | 0.1 | 0.1 | 2.6 | 105.4% |
| United Kingdom | 10.3 | 5.4 | 1.3 | 1.2 | -51.2% |
| United States | 3.5 | 2.6 | 1.6 | 1.0 | -34.1% |
| Indonesia | N/A | N/A | N/A | 0.4 | 0% |
| India | 1.5 | 0.4 | 0.6 | 0.4 | -35.6% |
| Netherlands | 0.9 | 1.0 | 1.3 | 0.3 | -30.7% |
| Others | 4.2 | 4.7 | 4.8 | 5.9 | 12.0% |
| Total | 45.6 | 51.7 | 35.8 | 40.6 | -3.8% |
Top Suppliers of Tube or Pipe Flanges, Other than Stainless Steel to China in 2022:
- South Korea (1282.7 tons)
- Japan (832.5 tons)
- Italy (725.0 tons)
- Germany (263.4 tons)
- Spain (242.8 tons)
- Singapore (156.8 tons)
- Indonesia (107.7 tons)
- India (74.8 tons)
- United Kingdom (47.2 tons)
- Netherlands (42.3 tons)
- United States (32.6 tons)
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