Price for Tube or Pipe Flanges, Other than Stainless Steel in Malaysia - 2024
Contents:
- Price for Tube or Pipe Flanges, Other than Stainless Steel in Malaysia (CIF) - 2024
- Price for Tube or Pipe Flanges, Other than Stainless Steel in Malaysia (FOB) - 2024
- Imports of Tube or Pipe Flanges, Other than Stainless Steel in Malaysia
- Exports of Tube or Pipe Flanges, Other than Stainless Steel in Malaysia
Price for Tube or Pipe Flanges, Other than Stainless Steel in Malaysia (CIF) - 2024
The average import price for tube or pipe flanges, other than stainless steels stood at $1,210 per ton in May 2024, waning by -7.3% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in October 2023 an increase of 26% month-to-month. As a result, import price reached the peak level of $1,686 per ton. From November 2023 to May 2024, the average import prices failed to regain momentum.
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 ($3,329 per ton), while the price for China amounted to $1,082 per ton.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was attained by China (-0.1%).
Price for Tube or Pipe Flanges, Other than Stainless Steel in Malaysia (FOB) - 2024
The average export price for tube or pipe flanges, other than stainless steels stood at $4,250 per ton in May 2024, surging by 24% against the previous month. Overall, the export price showed moderate growth. The pace of growth appeared the most rapid in November 2023 an increase of 127% month-to-month. As a result, the export price reached the peak level of $4,588 per ton. From December 2023 to May 2024, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In May 2024, the country with the highest price was Brunei Darussalam ($7,186 per ton), while the average price for exports to Indonesia ($2,017 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 Brunei Darussalam (+9.5%), 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 Malaysia
In 2022, after three years of growth, there was decline in overseas purchases of tube or pipe flanges, other than stainless steels, when their volume decreased by -1.9% to 29K tons. The total import volume increased at an average annual rate of +11.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 23%. As a result, imports reached the peak of 30K tons, and then dropped slightly in the following year.
In value terms, imports of tube or pipe flanges, other than stainless steels fell to $48M in 2022. The total import value increased at an average annual rate of +1.0% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 with an increase of 9.4% against the previous year. As a result, imports reached the peak of $49M, and then shrank modestly in the following year.
Import of Tube or Pipe Flanges, Other than Stainless Steel in Malaysia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 26.5 | 17.8 | 34.1 | 34.4 | 9.1% |
South Korea | 7.7 | 19.0 | 7.6 | 6.8 | -4.1% |
Italy | 3.1 | 1.6 | 1.2 | 2.5 | -6.9% |
Others | 8.9 | 6.4 | 6.3 | 4.0 | -23.4% |
Total | 46.2 | 44.9 | 49.1 | 47.6 | 1.0% |
Top Suppliers of Tube or Pipe Flanges, Other than Stainless Steel to Malaysia in 2022:
- China (25.7K tons)
- South Korea (1.6K tons)
- Italy (0.5K tons)
Exports of Tube or Pipe Flanges, Other than Stainless Steel in Malaysia
In 2022, exports of tube or pipe flanges, other than stainless steels from Malaysia contracted notably to 1.6K tons, waning by -29.2% against 2021 figures. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 61%. As a result, the exports attained the peak of 2.2K tons, and then contracted markedly in the following year.
In value terms, exports of tube or pipe flanges, other than stainless steels reduced to $6.1M in 2022. Overall, exports showed a pronounced shrinkage. The growth pace was the most rapid in 2021 when exports increased by 26%. As a result, the exports reached the peak of $7.2M, and then reduced in the following year.
Export of Tube or Pipe Flanges, Other than Stainless Steel in Malaysia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Singapore | 4,579 | 3,114 | 4,002 | 4,028 | -4.2% |
Indonesia | 505 | 725 | 603 | 439 | -4.6% |
Brunei Darussalam | 181 | 211 | 702 | 411 | 31.4% |
United Arab Emirates | 367 | 287 | 175 | 408 | 3.6% |
Thailand | 221 | 262 | 131 | 155 | -11.2% |
Australia | 170 | 148 | 47.1 | 127 | -9.3% |
India | 2.1 | 27.9 | 13.8 | 76.2 | 231.1% |
Vietnam | 71.4 | 357 | 111 | 19.9 | -34.7% |
Turkey | N/A | N/A | 964 | N/A | 0% |
Others | 729 | 579 | 421 | 476 | -13.2% |
Total | 6,824 | 5,712 | 7,169 | 6,141 | -3.5% |
Top Export Markets for Tube or Pipe Flanges, Other than Stainless Steel from Malaysia in 2022:
- Singapore (833.4 tons)
- United Arab Emirates (238.3 tons)
- Indonesia (124.4 tons)
- Brunei Darussalam (113.5 tons)
- India (52.8 tons)
- Thailand (40.1 tons)
- Australia (26.1 tons)
- Vietnam (4.3 tons)
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Discover the top import markets for iron or steel tube fittings and key statistics in this comprehensive article. Find out which countries lead the industry and their import values. Explore opportunities for exporters in the global market.
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Discover the top import markets for iron or steel tube fittings and key statistics in this comprehensive article. Find out which countries lead the industry and their import values. Explore opportunities for exporters in the global market.
Global Steel Pipe Fitting Market: In 2017, the volume of the global steel tube fittings consumption stood at approx. X tons. After a noticeable contraction in 2009, the volume of consumption recovered over the next three years and then levelled of
Global tube or pipe fitting imports stood at X tons in 2016, moving up by X% against the previous year figure. Overall, it indicated a remarkable growth from 2007 to 2016: the total imports volume...
Global tube or pipe fitting imports stood at X tons in 2016, moving up by X% against the previous year figure. Overall, it indicated a remarkable growth from 2007 to 2016: the total imports volume...
In 2014, the U.S. (X%), and distantly Canada (X%), Germany (X%) and Japan (X%) were the leading destinations of steel tube fittings imports, together making up X% of global imports in physical terms. The share of the U.S. increased, while t