Price for Tube or Pipe Flanges, Other than Stainless Steel in Hong Kong SAR - 2024
Contents:
- Price for Tube or Pipe Flanges, Other than Stainless Steel in Hong Kong SAR (CIF) - 2024
- Price for Tube or Pipe Flanges, Other than Stainless Steel in Hong Kong SAR (FOB) - 2022
- Imports of Tube or Pipe Flanges, Other than Stainless Steel in Hong Kong SAR
- Exports of Tube or Pipe Flanges, Other than Stainless Steel in Hong Kong SAR
Price for Tube or Pipe Flanges, Other than Stainless Steel in Hong Kong SAR (CIF) - 2024
In March 2024, the average import price for tube or pipe flanges, other than stainless steels amounted to $4,047 per ton, picking up by 208% against the previous month. Over the period under review, the import price recorded mild growth. The pace of growth appeared the most rapid in July 2023 when the average import price increased by 232% m-o-m. Over the period under review, average import prices attained the maximum in March 2024.
Average prices varied somewhat amongst the major supplying countries. In March 2024, the country with the highest price was China ($986 per ton), while the price for Macao SAR totaled $776 per ton.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Macao SAR (0.0%).
Price for Tube or Pipe Flanges, Other than Stainless Steel in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for tube or pipe flanges, other than stainless steels amounted to $13,336 per ton, surging by 37% against the previous year. In general, the export price continues to indicate a remarkable increase. The growth pace was the most rapid in 2018 when the average export price increased by 42% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($52,262 per ton), while the average price for exports to China ($3,761 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 Macao SAR (+15.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tube or Pipe Flanges, Other than Stainless Steel in Hong Kong SAR
Imports of tube or pipe flanges, other than stainless steels into Hong Kong SAR contracted markedly to 641 tons in 2022, shrinking by -36.8% against 2021 figures. Overall, imports faced a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of 0.2% against the previous year.
In value terms, imports of tube or pipe flanges, other than stainless steels shrank slightly to $1.8M in 2022. The total import value increased at an average annual rate of +1.9% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2021 when imports increased by 15%. As a result, imports reached the peak of $1.8M, leveling off in the following year.
| Import of Tube or Pipe Flanges, Other than Stainless Steel in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.5 | 1.3 | 1.4 | 1.5 | 0.0% |
| Others | 0.2 | 0.3 | 0.4 | 0.3 | 14.5% |
| Total | 1.7 | 1.5 | 1.8 | 1.8 | 1.9% |
Top Suppliers of Tube or Pipe Flanges, Other than Stainless Steel to Hong Kong SAR in 2022:
- China (617.0 tons)
Exports of Tube or Pipe Flanges, Other than Stainless Steel in Hong Kong SAR
In 2022, approx. 24 tons of tube or pipe flanges, other than stainless steels were exported from Hong Kong SAR; with an increase of 1.6% on 2021. Overall, exports, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 19% against the previous year. As a result, the exports reached the peak of 36 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of tube or pipe flanges, other than stainless steels soared to $316K in 2022. Over the period under review, total exports indicated a measured increase from 2019 to 2022: its value increased at an average annual rate of +2.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -15.0% against 2020 indices.
| Export of Tube or Pipe Flanges, Other than Stainless Steel in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 23.2 | 8.2 | 6.4 | 154 | 87.9% |
| China | 83.6 | 154 | 69.3 | 48.7 | -16.5% |
| United States | 86.6 | 33.9 | 21.5 | 34.7 | -26.3% |
| Japan | 29.7 | 0.2 | 29.2 | 30.4 | 0.8% |
| Guam | 5.6 | 10.6 | 24.4 | 20.1 | 53.1% |
| Macao SAR | 10.2 | 57.8 | 45.8 | 10.1 | -0.3% |
| Thailand | 37.0 | 90.6 | 10.5 | 7.2 | -42.1% |
| United Arab Emirates | 9.3 | 3.1 | 5.7 | 2.0 | -40.1% |
| Others | 7.3 | 14.4 | 15.1 | 9.5 | 9.2% |
| Total | 293 | 372 | 228 | 316 | 2.6% |
Top Export Markets for Tube or Pipe Flanges, Other than Stainless Steel from Hong Kong SAR in 2022:
- China (13.0 tons)
- Germany (2.9 tons)
- Guam (2.7 tons)
- United States (1.8 tons)
- Japan (1.5 tons)
- Macao SAR (0.6 tons)
- United Arab Emirates (0.5 tons)
- Thailand (0.5 tons)
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