Price for Tube or Pipe Flanges, Other than Stainless Steel in Japan - 2024
Contents:
- Price for Tube or Pipe Flanges, Other than Stainless Steel in Japan (CIF) - 2024
- Price for Tube or Pipe Flanges, Other than Stainless Steel in Japan (FOB) - 2022
- Imports of Tube or Pipe Flanges, Other than Stainless Steel in Japan
- Exports of Tube or Pipe Flanges, Other than Stainless Steel in Japan
Price for Tube or Pipe Flanges, Other than Stainless Steel in Japan (CIF) - 2024
In May 2024, the average import price for tube or pipe flanges, other than stainless steels amounted to $1,824 per ton, dropping by -8.4% against the previous month. Overall, the import price saw a slight contraction. The growth pace was the most rapid in February 2024 an increase of 18% m-o-m. The import price peaked at $2,527 per ton in July 2023; however, from August 2023 to May 2024, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In May 2024, the country with the highest price was South Korea ($6,223 per ton), while the price for China stood at $1,623 per ton.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was attained by South Korea (+0.1%).
Price for Tube or Pipe Flanges, Other than Stainless Steel in Japan (FOB) - 2022
In 2022, the average export price for tube or pipe flanges, other than stainless steels amounted to $13,194 per ton, declining by -8.2% against the previous year. Over the period under review, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 an increase of 29%. The export price peaked at $14,370 per ton in 2021, and then fell in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($17,378 per ton), while the average price for exports to the Czech Republic ($8,004 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 Philippines (+5.0%), 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 Japan
In 2022, the amount of tube or pipe flanges, other than stainless steels imported into Japan declined to 43K tons, which is down by -5.8% compared with the year before. Overall, imports showed a abrupt curtailment. The pace of growth was the most pronounced in 2021 with an increase of 13%.
In value terms, imports of tube or pipe flanges, other than stainless steels stood at $111M in 2022. The total import value increased at an average annual rate of +2.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 28% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in the near future.
| Import of Tube or Pipe Flanges, Other than Stainless Steel in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 79.5 | 63.1 | 83.5 | 84.1 | 1.9% |
| South Korea | 10.8 | 8.2 | 10.2 | 10.3 | -1.6% |
| Vietnam | 1.4 | 1.8 | 2.8 | 4.3 | 45.4% |
| Others | 12.5 | 10.9 | 11.0 | 12.2 | -0.8% |
| Total | 104 | 83.9 | 107 | 111 | 2.2% |
Top Suppliers of Tube or Pipe Flanges, Other than Stainless Steel to Japan in 2022:
- China (39.5K tons)
- South Korea (1.7K tons)
- Vietnam (0.7K tons)
Exports of Tube or Pipe Flanges, Other than Stainless Steel in Japan
In 2022, approx. 3.7K tons of tube or pipe flanges, other than stainless steels were exported from Japan; falling by -8.6% compared with the previous year. Over the period under review, exports saw a noticeable shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 19%. As a result, the exports attained the peak of 4.1K tons, and then shrank in the following year.
In value terms, exports of tube or pipe flanges, other than stainless steels contracted sharply to $49M in 2022. Overall, exports showed a perceptible shrinkage. The growth pace was the most rapid in 2021 when exports increased by 22% against the previous year. As a result, the exports reached the peak of $59M, and then dropped sharply in the following year.
| Export of Tube or Pipe Flanges, Other than Stainless Steel in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 31.5 | 25.7 | 32.9 | 23.3 | -9.6% |
| China | 5.2 | 7.1 | 7.1 | 6.1 | 5.5% |
| Mexico | 6.6 | 5.5 | 6.0 | 4.1 | -14.7% |
| Thailand | 2.0 | 1.8 | 3.3 | 3.3 | 18.2% |
| Indonesia | 0.7 | 0.2 | 0.4 | 1.8 | 37.0% |
| South Korea | 0.7 | 1.0 | 1.0 | 1.5 | 28.9% |
| Philippines | 1.4 | 1.3 | 1.5 | 1.4 | 0.0% |
| Canada | 0.8 | 0.8 | 0.7 | 0.3 | -27.9% |
| Others | 6.0 | 5.0 | 5.9 | 7.3 | 6.8% |
| Total | 55.0 | 48.3 | 58.8 | 49.4 | -3.5% |
Top Export Markets for Tube or Pipe Flanges, Other than Stainless Steel from Japan in 2022:
- United States (1515.9 tons)
- China (701.8 tons)
- Mexico (369.6 tons)
- Thailand (281.2 tons)
- Philippines (178.8 tons)
- Indonesia (161.2 tons)
- South Korea (86.6 tons)
- Canada (43.1 tons)
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