Price for Tube or Pipe Flanges, Other than Stainless Steel in India - 2024
Contents:
- Price for Tube or Pipe Flanges, Other than Stainless Steel in India (FOB) - 2024
- Price for Tube or Pipe Flanges, Other than Stainless Steel in India (CIF) - 2022
- Exports of Tube or Pipe Flanges, Other than Stainless Steel in India
- Imports of Tube or Pipe Flanges, Other than Stainless Steel in India
Price for Tube or Pipe Flanges, Other than Stainless Steel in India (FOB) - 2024
The average export price for tube or pipe flanges, other than stainless steels stood at $1,998 per ton in April 2024, surging by 7% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The export price peaked at $2,192 per ton in June 2023; however, from July 2023 to April 2024, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the United Arab Emirates ($3,202 per ton), while the average price for exports to Canada ($1,534 per ton) was amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+0.2%), while the prices for the other major destinations experienced a decline.
Price for Tube or Pipe Flanges, Other than Stainless Steel in India (CIF) - 2022
The average import price for tube or pipe flanges, other than stainless steels stood at $2,994 per ton in 2022, declining by -2.7% against the previous year. In general, the import price continues to indicate a slight contraction. The growth pace was the most rapid in 2019 when the average import price increased by 30% against the previous year. The import price peaked at $3,422 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($7,472 per ton), while the price for Kuwait ($1,244 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.6%), while the prices for the other major suppliers experienced a decline.
Exports of Tube or Pipe Flanges, Other than Stainless Steel in India
Exports of tube or pipe flanges, other than stainless steels from India skyrocketed to 99K tons in 2022, jumping by 20% on the year before. Over the period under review, exports showed a remarkable increase. The most prominent rate of growth was recorded in 2021 when exports increased by 89%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, exports of tube or pipe flanges, other than stainless steels skyrocketed to $220M in 2022. Overall, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 75% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to continue growth in the near future.
| Export of Tube or Pipe Flanges, Other than Stainless Steel in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 94.8 | 52.1 | 101 | 140 | 13.9% |
| Canada | 15.0 | 8.2 | 11.8 | 23.4 | 16.0% |
| United Arab Emirates | 4.0 | 5.2 | 4.4 | 10.8 | 39.2% |
| Oman | 1.7 | 2.8 | 3.1 | 7.5 | 64.0% |
| Kuwait | 4.7 | 3.4 | 6.7 | 5.1 | 2.8% |
| Others | 26.7 | 17.7 | 29.6 | 33.0 | 7.3% |
| Total | 147 | 89.3 | 156 | 220 | 14.4% |
Top Export Markets for Tube or Pipe Flanges, Other than Stainless Steel from India in 2022:
- United States (69.5K tons)
- Canada (11.5K tons)
- United Arab Emirates (3.5K tons)
- Oman (3.2K tons)
- Kuwait (1.8K tons)
Imports of Tube or Pipe Flanges, Other than Stainless Steel in India
Imports of tube or pipe flanges, other than stainless steels into India soared to 11K tons in 2022, jumping by 69% on 2021 figures. Over the period under review, imports, however, recorded a abrupt contraction.
In value terms, imports of tube or pipe flanges, other than stainless steels surged to $33M in 2022. Overall, imports, however, showed a pronounced descent.
| Import of Tube or Pipe Flanges, Other than Stainless Steel in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 11.0 | 4.2 | 3.5 | 14.5 | 9.6% |
| United States | 3.0 | 0.9 | 1.2 | 6.7 | 30.7% |
| South Korea | 14.5 | 3.5 | 8.2 | 6.1 | -25.1% |
| Italy | 2.9 | 4.2 | 2.5 | 1.0 | -29.9% |
| Saudi Arabia | N/A | N/A | N/A | 0.8 | 0% |
| Kuwait | N/A | 0.3 | 0.4 | 0.2 | -18.4% |
| Others | 4.6 | 5.9 | 4.3 | 3.9 | -5.4% |
| Total | 36.1 | 19.0 | 20.2 | 33.2 | -2.8% |
Top Suppliers of Tube or Pipe Flanges, Other than Stainless Steel to India in 2022:
- China (6.7K tons)
- South Korea (2.2K tons)
- United States (0.9K tons)
- Saudi Arabia (0.2K tons)
- Italy (0.2K tons)
- Kuwait (0.2K tons)
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