Price for Tube or Pipe Flanges, Other than Stainless Steel in South Korea - 2022
Contents:
- Price for Tube or Pipe Flanges, Other than Stainless Steel in South Korea (FOB) - 2022
- Price for Tube or Pipe Flanges, Other than Stainless Steel in South Korea (CIF) - 2022
- Exports of Tube or Pipe Flanges, Other than Stainless Steel in South Korea
- Imports of Tube or Pipe Flanges, Other than Stainless Steel in South Korea
Price for Tube or Pipe Flanges, Other than Stainless Steel in South Korea (FOB) - 2022
In December 2022, the average export price for tube or pipe flanges, other than stainless steels amounted to $5,427 per ton, jumping by 20% against the previous month. In general, export price indicated slight growth from January 2022 to December 2022: its price increased at an average monthly rate of +1.8% over the last eleven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, export price for tube or pipe flanges, other than stainless steels increased by +19.7% against November 2022 indices. The growth pace was the most rapid in August 2022 an increase of 33% against the previous month. As a result, the export price attained the peak level of $6,942 per ton. From September 2022 to December 2022, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In December 2022, the country with the highest price was Japan ($10,172 per ton), while the average price for exports to Turkey ($3,098 per ton) was amongst the lowest.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Tube or Pipe Flanges, Other than Stainless Steel in South Korea (CIF) - 2022
The average import price for tube or pipe flanges, other than stainless steels stood at $2,093 per ton in 2022, jumping by 20% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The pace of growth appeared the most rapid in 2013 when the average import price increased by 34%. The import price peaked at $2,503 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +3.0% per year.
Exports of Tube or Pipe Flanges, Other than Stainless Steel in South Korea
In 2022, approx. 39K tons of tube or pipe flanges, other than stainless steels were exported from South Korea; with an increase of 6% compared with the previous year's figure. Over the period under review, exports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by 16%.
In value terms, exports of tube or pipe flanges, other than stainless steels skyrocketed to $150M in 2022. In general, exports, however, showed a abrupt downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 18% against the previous year.
| Export of Tube or Pipe Flanges, Other than Stainless Steel in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 46.6 | 9.5 | 12.8 | 29.9 | -13.7% |
| Turkey | 16.2 | 20.2 | 19.3 | 29.2 | 21.7% |
| Japan | 10.8 | 4.7 | 10.2 | 10.3 | -1.6% |
| Thailand | 7.1 | 2.3 | 4.0 | 8.5 | 6.2% |
| Canada | 5.7 | 2.5 | 3.0 | 7.8 | 11.0% |
| United Arab Emirates | 11.4 | 6.8 | 7.6 | 6.8 | -15.8% |
| Malaysia | 7.7 | 10.9 | 7.6 | 6.8 | -4.1% |
| Indonesia | 2.8 | 6.5 | 6.9 | 6.1 | 29.6% |
| India | 14.5 | 2.0 | 8.2 | 6.1 | -25.1% |
| China | 6.1 | 8.2 | 7.0 | 5.5 | -3.4% |
| Germany | 0.9 | 0.3 | 1.2 | 5.3 | 80.6% |
| Mexico | 6.1 | 1.7 | 8.0 | 5.2 | -5.2% |
| Singapore | 6.8 | 2.1 | 4.9 | 4.1 | -15.5% |
| Others | 52.5 | 31.7 | 28.2 | 18.0 | -30.0% |
| Total | 195 | 109 | 129 | 150 | -8.4% |
Top Export Markets for Tube or Pipe Flanges, Other than Stainless Steel from South Korea in 2022:
- Turkey (11.2K tons)
- United States (7.4K tons)
- India (2.2K tons)
- Canada (1.8K tons)
- United Arab Emirates (1.8K tons)
- Japan (1.7K tons)
- Indonesia (1.6K tons)
- Malaysia (1.5K tons)
- Thailand (1.5K tons)
- Singapore (1.4K tons)
- China (1.3K tons)
- Mexico (1.0K tons)
- Germany (1.0K tons)
Imports of Tube or Pipe Flanges, Other than Stainless Steel in South Korea
Imports of tube or pipe flanges, other than stainless steels into South Korea contracted to 34K tons in 2022, falling by -9.2% against 2021 figures. Overall, imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 11%.
In value terms, imports of tube or pipe flanges, other than stainless steels reached $72M in 2022. In general, imports continue to indicate a noticeable decrease.
| Import of Tube or Pipe Flanges, Other than Stainless Steel in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 63.1 | 47.0 | 55.0 | 53.8 | -5.2% |
| Vietnam | 0.5 | 2.3 | 1.9 | 1.1 | 30.1% |
| Others | 12.6 | 11.5 | 9.0 | 16.6 | 9.6% |
| Total | 76.2 | 60.8 | 65.8 | 71.5 | -2.1% |
Top Suppliers of Tube or Pipe Flanges, Other than Stainless Steel to South Korea in 2022:
- China (32.7K tons)
- Vietnam (0.4K tons)
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