Price for Tube or Pipe Flanges, Other than Stainless Steel in Pakistan - 2023
Contents:
- Price for Tube or Pipe Flanges, Other than Stainless Steel in Pakistan (CIF) - 2022
- Price for Tube or Pipe Flanges, Other than Stainless Steel in Pakistan (FOB) - 2022
- Imports of Tube or Pipe Flanges, Other than Stainless Steel in Pakistan
- Exports of Tube or Pipe Flanges, Other than Stainless Steel in Pakistan
Price for Tube or Pipe Flanges, Other than Stainless Steel in Pakistan (CIF) - 2022
The average import price for tube or pipe flanges, other than stainless steels stood at $853 per ton in 2022, dropping by -5.1% against the previous year. Overall, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for tube or pipe flanges, other than stainless steels increased by +92.7% against 2019 indices. The pace of growth was the most pronounced in 2020 an increase of 52% against the previous year. Over the period under review, average import prices hit record highs at $899 per ton in 2021, and then fell in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($1,062 per ton), while the price for South Korea ($612 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.7%), 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 Pakistan (FOB) - 2022
The average export price for tube or pipe flanges, other than stainless steels stood at $968 per ton in 2022, falling by -31.5% against the previous year. Over the period under review, the export price, however, continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2014 an increase of 161%. Over the period under review, the average export prices attained the peak figure at $1,414 per ton in 2021, and then declined dramatically in the following year.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($988 per ton), while the average price for exports to China amounted to $804 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+248.5%), 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 Pakistan
In 2022, approx. 3.7K tons of tube or pipe flanges, other than stainless steels were imported into Pakistan; jumping by 29% against 2021 figures. Overall, imports, however, continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of 33%.
In value terms, imports of tube or pipe flanges, other than stainless steels soared to $3.1M in 2022. Over the period under review, imports recorded prominent growth. The pace of growth appeared the most rapid in 2021 when imports increased by 77% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Tube or Pipe Flanges, Other than Stainless Steel in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,193 | 950 | 1,506 | 1,370 | 4.7% |
| United States | 46.8 | 28.9 | 89.0 | 525 | 123.9% |
| Singapore | 76.9 | 42.8 | 24.0 | 322 | 61.2% |
| Italy | 315 | 248 | 445 | 273 | -4.7% |
| Germany | 2.4 | 13.0 | 55.4 | 199 | 336.1% |
| South Korea | 83.3 | 19.2 | 155 | 97.1 | 5.2% |
| United Arab Emirates | 17.7 | 9.8 | 13.6 | 96.3 | 75.9% |
| Japan | 52.1 | 8.6 | 58.3 | 76.1 | 13.5% |
| Others | 198 | 116 | 202 | 168 | -5.3% |
| Total | 1,985 | 1,437 | 2,548 | 3,126 | 16.3% |
Top Suppliers of Tube or Pipe Flanges, Other than Stainless Steel to Pakistan in 2022:
- China (1621.6 tons)
- United States (508.3 tons)
- Italy (433.6 tons)
- Singapore (303.0 tons)
- Germany (215.3 tons)
- South Korea (158.5 tons)
- United Arab Emirates (130.6 tons)
- Japan (96.7 tons)
Exports of Tube or Pipe Flanges, Other than Stainless Steel in Pakistan
In 2022, after two years of decline, there was significant growth in overseas shipments of tube or pipe flanges, other than stainless steels, when their volume increased by 50% to 9 tons. In general, exports, however, continue to indicate a sharp decrease.
In value terms, exports of tube or pipe flanges, other than stainless steels stood at $8.7K in 2022. Overall, exports, however, recorded a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of 35%.
| Export of Tube or Pipe Flanges, Other than Stainless Steel in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 5.0 | 6.1 | 7.8 | 7.9 | 16.5% |
| China | 0.2 | N/A | N/A | 0.8 | 58.7% |
| Kenya | N/A | 0.2 | N/A | N/A | 0% |
| Guinea | N/A | N/A | 0.7 | N/A | 0% |
| Qatar | 3.3 | N/A | N/A | N/A | 0% |
| United Arab Emirates | 2.4 | N/A | N/A | N/A | 0% |
| Saudi Arabia | 2.5 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 13.3 | 6.3 | 8.5 | 8.7 | -13.2% |
Top Export Markets for Tube or Pipe Flanges, Other than Stainless Steel from Pakistan in 2022:
- Thailand (8.0 tons)
- China (1.0 tons)
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