Price for Tube or Pipe Flanges, Other than Stainless Steel in Singapore - 2023
Contents:
- Price for Tube or Pipe Flanges, Other than Stainless Steel in Singapore (CIF) - 2022
- Price for Tube or Pipe Flanges, Other than Stainless Steel in Singapore (FOB) - 2022
- Imports of Tube or Pipe Flanges, Other than Stainless Steel in Singapore
- Exports of Tube or Pipe Flanges, Other than Stainless Steel in Singapore
Price for Tube or Pipe Flanges, Other than Stainless Steel in Singapore (CIF) - 2022
In 2022, the average import price for tube or pipe flanges, other than stainless steels amounted to $3,653 per ton, falling by -6.9% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 37%. As a result, import price reached the peak level of $4,094 per ton. From 2018 to 2022, the average import prices remained at a lower figure.
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 Malaysia ($10,507 per ton), while the price for Thailand ($1,213 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+11.0%), 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 Singapore (FOB) - 2022
In 2022, the average export price for tube or pipe flanges, other than stainless steels amounted to $3,562 per ton, shrinking by -21.7% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 34% against the previous year. The export price peaked at $6,193 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($11,925 per ton), while the average price for exports to Thailand ($2,276 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 Vietnam (+4.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Tube or Pipe Flanges, Other than Stainless Steel in Singapore
In 2022, the amount of tube or pipe flanges, other than stainless steels imported into Singapore fell modestly to 13K tons, leveling off at 2021 figures. Over the period under review, imports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2021 when imports increased by 0.9%.
In value terms, imports of tube or pipe flanges, other than stainless steels declined to $49M in 2022. In general, imports saw a pronounced reduction. The smallest decline of -0.1% was in 2021.
| Import of Tube or Pipe Flanges, Other than Stainless Steel in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 12.2 | 9.6 | 17.1 | 15.9 | 9.2% |
| Italy | 13.2 | 21.2 | 9.3 | 8.6 | -13.3% |
| South Korea | 6.8 | 3.7 | 4.9 | 4.1 | -15.5% |
| Malaysia | 4.6 | 3.3 | 3.2 | 2.8 | -15.3% |
| Taiwan (Chinese) | 2.3 | 1.2 | 1.5 | 1.9 | -6.2% |
| Indonesia | 4.1 | 6.8 | 3.4 | 1.9 | -22.6% |
| Thailand | 0.2 | 0.4 | 0.9 | 1.4 | 91.3% |
| Spain | 2.6 | 0.9 | 1.2 | 0.7 | -35.4% |
| Japan | 0.5 | 0.2 | 0.6 | 0.5 | 0.0% |
| Netherlands | 0.6 | 0.1 | 0.1 | 0.4 | -12.6% |
| United Arab Emirates | 0.1 | 0.1 | 0.1 | 0.4 | 58.7% |
| Others | 7.5 | 5.0 | 10.1 | 10.0 | 10.1% |
| Total | 54.7 | 52.6 | 52.5 | 48.7 | -3.8% |
Top Suppliers of Tube or Pipe Flanges, Other than Stainless Steel to Singapore in 2022:
- China (6.8K tons)
- Italy (1.7K tons)
- South Korea (1.4K tons)
- Thailand (1.1K tons)
- Indonesia (0.4K tons)
- Netherlands (0.3K tons)
- Taiwan (Chinese) (0.3K tons)
- United Arab Emirates (0.3K tons)
- Malaysia (0.3K tons)
- Japan (0.2K tons)
- Spain (0.2K tons)
Exports of Tube or Pipe Flanges, Other than Stainless Steel in Singapore
In 2022, shipments abroad of tube or pipe flanges, other than stainless steels increased by 77% to 10K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports showed a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of tube or pipe flanges, other than stainless steels skyrocketed to $36M in 2022. Over the period under review, exports, however, saw a deep contraction.
| Export of Tube or Pipe Flanges, Other than Stainless Steel in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 18.2 | 13.2 | 12.0 | 11.8 | -13.4% |
| South Korea | 0.3 | N/A | 0.2 | 6.1 | 172.9% |
| Malaysia | 4.0 | 2.2 | 2.5 | 3.3 | -6.2% |
| China | 7.6 | 0.6 | 0.5 | 3.2 | -25.0% |
| Brunei Darussalam | 1.2 | 1.3 | 1.7 | 2.4 | 26.0% |
| Saudi Arabia | 4.2 | 6.1 | 3.7 | 1.4 | -30.7% |
| Philippines | 0.6 | 1.0 | 0.6 | 1.2 | 26.0% |
| Thailand | 0.4 | 0.2 | 0.8 | 1.2 | 44.2% |
| Vietnam | 0.4 | 0.6 | 0.3 | 1.0 | 35.7% |
| Australia | 0.3 | 4.2 | 0.7 | 0.6 | 26.0% |
| Others | 5.0 | 4.0 | 2.6 | 3.7 | -9.5% |
| Total | 42.3 | 33.4 | 25.8 | 35.8 | -5.4% |
Top Export Markets for Tube or Pipe Flanges, Other than Stainless Steel from Singapore in 2022:
- Indonesia (5112.9 tons)
- Malaysia (1145.3 tons)
- China (752.8 tons)
- Brunei Darussalam (612.4 tons)
- Thailand (516.5 tons)
- South Korea (510.5 tons)
- Philippines (282.0 tons)
- Saudi Arabia (200.6 tons)
- Vietnam (194.3 tons)
- Australia (186.5 tons)
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