Price for Tube or Pipe Flanges, Other than Stainless Steel in Sri Lanka - 2022
Contents:
- Price for Tube or Pipe Flanges, Other than Stainless Steel in Sri Lanka (CIF) - 2022
- Price for Tube or Pipe Flanges, Other than Stainless Steel in Sri Lanka (FOB) - 2022
- Imports of Tube or Pipe Flanges, Other than Stainless Steel in Sri Lanka
- Exports of Tube or Pipe Flanges, Other than Stainless Steel in Sri Lanka
Price for Tube or Pipe Flanges, Other than Stainless Steel in Sri Lanka (CIF) - 2022
The average import price for tube or pipe flanges, other than stainless steels stood at $3,341 per ton in 2022, growing by 4.3% against the previous year. Overall, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.4% 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 +77.0% against 2016 indices. The most prominent rate of growth was recorded in 2021 an increase of 19% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Iran ($11,459 per ton), while the price for Democratic People's Republic of Korea ($1,705 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+41.6%), 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 Sri Lanka (FOB) - 2022
In 2022, the average export price for tube or pipe flanges, other than stainless steels amounted to $6,637 per ton, increasing by 18% against the previous year. Over the period under review, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for tube or pipe flanges, other than stainless steels increased by +72.1% against 2019 indices. The pace of growth was the most pronounced in 2017 when the average export price increased by 31%. The export price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($59,256 per ton), while the average price for exports to India ($1,290 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 China (+40.3%), 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 Sri Lanka
In 2022, imports of tube or pipe flanges, other than stainless steels into Sri Lanka declined notably to 486 tons, dropping by -46.6% on 2021 figures. Overall, imports continue to indicate a dramatic slump. The smallest decline of -10.1% was in 2020.
In value terms, imports of tube or pipe flanges, other than stainless steels shrank remarkably to $1.6M in 2022. Over the period under review, imports faced a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 5.4% against the previous year.
| Import of Tube or Pipe Flanges, Other than Stainless Steel in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,855 | 1,203 | 1,566 | 775 | -25.2% |
| Iran | 59.6 | 114 | 300 | 216 | 53.6% |
| India | 488 | 966 | 324 | 196 | -26.2% |
| United Kingdom | 128 | 57.4 | 87.8 | 72.0 | -17.5% |
| Democratic People's Republic of Korea | 35.0 | 45.6 | 55.6 | 37.1 | 2.0% |
| Others | 388 | 377 | 580 | 328 | -5.4% |
| Total | 2,954 | 2,764 | 2,914 | 1,624 | -18.1% |
Top Suppliers of Tube or Pipe Flanges, Other than Stainless Steel to Sri Lanka in 2022:
- China (325.4 tons)
- India (82.0 tons)
- Democratic People's Republic of Korea (21.7 tons)
- Iran (18.9 tons)
- United Kingdom (7.0 tons)
Exports of Tube or Pipe Flanges, Other than Stainless Steel in Sri Lanka
In 2022, overseas shipments of tube or pipe flanges, other than stainless steels were finally on the rise to reach 12 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports saw measured growth. 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 $78K in 2022. Overall, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Tube or Pipe Flanges, Other than Stainless Steel in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Maldives | 10.5 | 4.4 | 1.7 | 19.8 | 23.5% |
| China | 4.2 | 4.6 | 4.0 | 19.4 | 66.5% |
| United States | 3.7 | 3.7 | 2.9 | 12.9 | 51.6% |
| Uganda | 6.8 | 4.9 | 2.2 | 8.9 | 9.4% |
| Bangladesh | 2.5 | 2.3 | 1.7 | 7.1 | 41.6% |
| India | 6.6 | 0.6 | 0.5 | 2.2 | -30.7% |
| Seychelles | 0.1 | 0.4 | 0.3 | 1.4 | 141.0% |
| Ethiopia | 3.0 | N/A | 0.4 | N/A | -63.5% |
| Others | 4.1 | 8.6 | 3.8 | 6.3 | 15.4% |
| Total | 41.5 | 29.5 | 17.4 | 78.1 | 23.5% |
Top Export Markets for Tube or Pipe Flanges, Other than Stainless Steel from Sri Lanka in 2022:
- Maldives (4.2 tons)
- United States (3.8 tons)
- India (1.7 tons)
- Uganda (0.7 tons)
- Seychelles (0.4 tons)
- Bangladesh (0.3 tons)
- China (0.3 tons)
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