Price for Tube or Pipe Flanges, Other than Stainless Steel in Saudi Arabia - 2022
Contents:
- Price for Tube or Pipe Flanges, Other than Stainless Steel in Saudi Arabia (FOB) - 2022
- Price for Tube or Pipe Flanges, Other than Stainless Steel in Saudi Arabia (CIF) - 2022
- Exports of Tube or Pipe Flanges, Other than Stainless Steel in Saudi Arabia
- Imports of Tube or Pipe Flanges, Other than Stainless Steel in Saudi Arabia
Price for Tube or Pipe Flanges, Other than Stainless Steel in Saudi Arabia (FOB) - 2022
In 2021, the average export price for tube or pipe flanges, other than stainless steels amounted to $3,404 per ton, shrinking by -18.8% against the previous year. Over the period under review, export price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for tube or pipe flanges, other than stainless steels increased by +1.7% against 2019 indices. The most prominent rate of growth was recorded in 2016 an increase of 47%. As a result, the export price reached the peak level of $5,143 per ton. From 2017 to 2021, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($5,525 per ton), while the average price for exports to India ($1,230 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+2.6%), while the prices for the other major destinations experienced a decline.
Price for Tube or Pipe Flanges, Other than Stainless Steel in Saudi Arabia (CIF) - 2022
In 2021, the average import price for tube or pipe flanges, other than stainless steels amounted to $5,216 per ton, with an increase of 2.7% against the previous year. Overall, import price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for tube or pipe flanges, other than stainless steels increased by +64.4% against 2016 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by 33%. Over the period under review, average import prices attained the peak figure in 2021 and is likely to see gradual growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($24,132 per ton), while the price for China ($2,065 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Tube or Pipe Flanges, Other than Stainless Steel in Saudi Arabia
Exports of tube or pipe flanges, other than stainless steels from Saudi Arabia soared to 650 tons in 2022, jumping by 34% on 2021. Over the period under review, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 340%. As a result, the exports attained the peak of 669 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of tube or pipe flanges, other than stainless steels skyrocketed to $3.2M in 2022. Overall, exports saw a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 451%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Tube or Pipe Flanges, Other than Stainless Steel in Saudi Arabia (Thousand USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
| United Arab Emirates | 206 | 1,040 | 1,104 | 131.5% |
| Oman | 291 | 476 | 297 | 1.0% |
| Bahrain | 12.2 | 502 | 121 | 214.9% |
| India | N/A | 113 | 35.5 | -68.6% |
| Kuwait | N/A | 22.9 | 15.4 | -32.8% |
| Others | N/A | 653 | 73.9 | -88.7% |
| Total | 509 | 2,806 | 1,647 | 79.9% |
Top Export Markets for Tube or Pipe Flanges, Other than Stainless Steel from Saudi Arabia in 2022:
- United Arab Emirates (309.8 tons)
- Oman (119.3 tons)
- India (28.8 tons)
- Bahrain (21.8 tons)
- Kuwait (8.7 tons)
Imports of Tube or Pipe Flanges, Other than Stainless Steel in Saudi Arabia
For the third year in a row, Saudi Arabia recorded growth in purchases abroad of tube or pipe flanges, other than stainless steels, which increased by 34% to 19K tons in 2021. In general, total imports indicated a significant increase from 2019 to 2021: its volume increased at an average annual rate of +20.1% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +44.1% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of tube or pipe flanges, other than stainless steels skyrocketed to $99M in 2021. Over the period under review, total imports indicated a significant expansion from 2019 to 2021: its value increased at an average annual rate of +25.0% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +56.3% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Tube or Pipe Flanges, Other than Stainless Steel in Saudi Arabia (Million USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
| Italy | 28.1 | 38.4 | 43.0 | 23.7% |
| Spain | 1.5 | 9.1 | 19.2 | 257.8% |
| United States | 3.6 | 5.7 | 13.1 | 90.8% |
| Romania | 0.5 | 2.2 | 5.1 | 219.4% |
| China | 6.3 | 4.0 | 3.1 | -29.9% |
| Turkey | 2.2 | 2.2 | 2.2 | 0.0% |
| India | 3.6 | 1.0 | 2.1 | -23.6% |
| South Korea | 7.6 | 3.3 | 1.6 | -54.1% |
| Indonesia | 2.9 | 3.3 | 0.9 | -44.3% |
| United Arab Emirates | 2.0 | 0.5 | 0.7 | -40.8% |
| Others | 5.3 | 2.7 | 8.4 | 25.9% |
| Total | 63.6 | 72.3 | 99.4 | 25.0% |
Top Suppliers of Tube or Pipe Flanges, Other than Stainless Steel to Saudi Arabia in 2022:
- Italy (9.9K tons)
- Spain (3.8K tons)
- China (1.5K tons)
- Romania (1.1K tons)
- Turkey (0.5K tons)
- United States (0.5K tons)
- India (0.3K tons)
- South Korea (0.3K tons)
- United Arab Emirates (0.2K tons)
- Indonesia (0.2K tons)
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