Price for Tube or Pipe Flanges, Other than Stainless Steel in South Africa - 2024
Contents:
- Price for Tube or Pipe Flanges, Other than Stainless Steel in South Africa (CIF) - 2024
- Price for Tube or Pipe Flanges, Other than Stainless Steel in South Africa (FOB) - 2024
- Imports of Tube or Pipe Flanges, Other than Stainless Steel in South Africa
- Exports of Tube or Pipe Flanges, Other than Stainless Steel in South Africa
Price for Tube or Pipe Flanges, Other than Stainless Steel in South Africa (CIF) - 2024
The average import price for tube or pipe flanges, other than stainless steels stood at $1,400 per ton in May 2024, shrinking by -21.4% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2023 an increase of 42% month-to-month. As a result, import price reached the peak level of $1,955 per ton. From January 2024 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 Taiwan (Chinese) ($2,008 per ton), while the price for China stood at $1,263 per ton.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+0.2%).
Price for Tube or Pipe Flanges, Other than Stainless Steel in South Africa (FOB) - 2024
The average export price for tube or pipe flanges, other than stainless steels stood at $6,109 per ton in May 2024, with an increase of 21% against the previous month. Over the period under review, the export price enjoyed a measured expansion. The most prominent rate of growth was recorded in September 2023 an increase of 146% month-to-month. As a result, the export price reached the peak level of $9,028 per ton. From October 2023 to May 2024, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Zimbabwe ($56,494 per ton), while the average price for exports to Angola ($1,335 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 Zimbabwe (+21.9%), 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 South Africa
In 2022, approx. 15K tons of tube or pipe flanges, other than stainless steels were imported into South Africa; surging by 10% on the year before. In general, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +5.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 49% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of tube or pipe flanges, other than stainless steels surged to $29M in 2022. Over the period under review, imports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of 68%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Tube or Pipe Flanges, Other than Stainless Steel in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 14.2 | 9.8 | 18.4 | 23.6 | 18.5% |
| Taiwan (Chinese) | 0.7 | 0.4 | 1.1 | 1.1 | 16.3% |
| Italy | 1.9 | 1.0 | 0.7 | 0.9 | -22.0% |
| India | 0.4 | 0.2 | 0.3 | 0.6 | 14.5% |
| Spain | 1.5 | 0.5 | 0.3 | 0.2 | -48.9% |
| Others | 4.6 | 1.7 | 2.2 | 2.8 | -15.3% |
| Total | 23.4 | 13.6 | 22.9 | 29.3 | 7.8% |
Top Suppliers of Tube or Pipe Flanges, Other than Stainless Steel to South Africa in 2022:
- China (13.9K tons)
- Taiwan (Chinese) (0.5K tons)
- India (0.3K tons)
- Italy (0.2K tons)
- Spain (0.1K tons)
Exports of Tube or Pipe Flanges, Other than Stainless Steel in South Africa
In 2022, overseas shipments of tube or pipe flanges, other than stainless steels decreased by -16.8% to 1.8K tons for the first time since 2018, thus ending a three-year rising trend. In general, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +12.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 64%.
In value terms, exports of tube or pipe flanges, other than stainless steels shrank significantly to $7.3M in 2022. Overall, exports, however, recorded prominent growth. The growth pace was the most rapid in 2021 when exports increased by 85% against the previous year. As a result, the exports reached the peak of $11M, and then fell markedly in the following year.
| Export of Tube or Pipe Flanges, Other than Stainless Steel in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | 709 | 523 | 878 | 1,485 | 27.9% |
| Namibia | 611 | 473 | 481 | 920 | 14.6% |
| Botswana | 515 | 342 | 550 | 841 | 17.8% |
| Mozambique | 844 | 864 | 309 | 824 | -0.8% |
| Zambia | 610 | 339 | 550 | 737 | 6.5% |
| Zimbabwe | 272 | 1,555 | 624 | 394 | 13.1% |
| Swaziland | 209 | 209 | 208 | 214 | 0.8% |
| Malawi | 162 | 129 | 129 | 93.8 | -16.7% |
| Ghana | 59.1 | 118 | 261 | 82.2 | 11.6% |
| Mali | 33.3 | 240 | 67.3 | 74.4 | 30.7% |
| Lesotho | 66.2 | 20.8 | 19.4 | 46.4 | -11.2% |
| United Arab Emirates | 71.5 | 60.9 | 5,787 | N/A | 799.7% |
| Others | 878 | 1,235 | 1,409 | 1,590 | 21.9% |
| Total | 5,041 | 6,108 | 11,274 | 7,302 | 13.1% |
Top Export Markets for Tube or Pipe Flanges, Other than Stainless Steel from South Africa in 2022:
- Namibia (412.1 tons)
- Botswana (258.8 tons)
- Mozambique (227.8 tons)
- Zimbabwe (198.1 tons)
- Democratic Republic of the Congo (190.1 tons)
- Zambia (149.2 tons)
- Swaziland (88.5 tons)
- Malawi (28.8 tons)
- Lesotho (27.4 tons)
- Ghana (26.9 tons)
- Mali (19.2 tons)
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