Price for Tube or Pipe Flanges, Other than Stainless Steel in Ireland - 2024

Contents:

1. Price for Tube or Pipe Flanges, Other than Stainless Steel in Ireland (CIF) - 2024
2. Price for Tube or Pipe Flanges, Other than Stainless Steel in Ireland (FOB) - 2022
3. Imports of Tube or Pipe Flanges, Other than Stainless Steel in Ireland
4. Exports of Tube or Pipe Flanges, Other than Stainless Steel in Ireland

Price for Tube or Pipe Flanges, Other than Stainless Steel in Ireland (CIF) - 2024

The average import price for tube or pipe flanges, other than stainless steels stood at $4,568 per ton in March 2024, growing by 7.1% against the previous month. Over the period under review, the import price, however, showed a noticeable downturn. The growth pace was the most rapid in September 2023 when the average import price increased by 46% month-to-month. Over the period under review, average import prices hit record highs at $6,290 per ton in May 2023; however, from June 2023 to March 2024, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In March 2024, the country with the highest price was Turkey ($7,172 per ton), while the price for China ($3,144 per ton) was amongst the lowest.

From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Spain (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tube or Pipe Flanges, Other than Stainless Steel in Ireland (FOB) - 2022

In 2022, the average export price for tube or pipe flanges, other than stainless steels amounted to $7,593 per ton, surging by 10% against the previous year. In general, the export price posted resilient growth. The pace of growth was the most pronounced in 2019 when the average export price increased by 81%. Over the period under review, the average export prices hit record highs at $8,002 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($16,759 per ton), while the average price for exports to the UK ($5,196 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 the United States (+8.7%), 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 Ireland

For the fourth consecutive year, Ireland recorded growth in overseas purchases of tube or pipe flanges, other than stainless steels, which increased by 18% to 1.1K tons in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +21.0% 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 +77.3% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 31%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of tube or pipe flanges, other than stainless steels skyrocketed to $4.9M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +19.4% 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 +70.1% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Tube or Pipe Flanges, Other than Stainless Steel to Ireland in 2022:

1. China (557.5 tons)
2. India (311.4 tons)
3. United Kingdom (168.8 tons)
4. Cambodia (37.5 tons)
5. Spain (29.3 tons)
6. Italy (8.6 tons)

Exports of Tube or Pipe Flanges, Other than Stainless Steel in Ireland

For the third consecutive year, Ireland recorded decline in overseas shipments of tube or pipe flanges, other than stainless steels, which decreased by -40.4% to 31 tons in 2022. Overall, exports faced a sharp reduction. The smallest decline of -38.3% was in 2021.

In value terms, exports of tube or pipe flanges, other than stainless steels shrank remarkably to $237K in 2022. In general, exports continue to indicate a sharp descent.

Top Export Markets for Tube or Pipe Flanges, Other than Stainless Steel from Ireland in 2022:

1. Germany (14.9 tons)
2. United Kingdom (13.1 tons)
3. United States (1.6 tons)

Source: IndexBox Market Intelligence Platform