Price for Tube or Pipe Flanges, Other than Stainless Steel in Thailand - 2024
Contents:
- Price for Tube or Pipe Flanges, Other than Stainless Steel in Thailand (CIF) - 2024
- Price for Tube or Pipe Flanges, Other than Stainless Steel in Thailand (FOB) - 2024
- Imports of Tube or Pipe Flanges, Other than Stainless Steel in Thailand
- Exports of Tube or Pipe Flanges, Other than Stainless Steel in Thailand
Price for Tube or Pipe Flanges, Other than Stainless Steel in Thailand (CIF) - 2024
In May 2024, the average import price for tube or pipe flanges, other than stainless steels amounted to $2,512 per ton, which is down by -9.4% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2024 an increase of 65% month-to-month. As a result, import price reached the peak level of $3,646 per ton. From April 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 Italy ($21,545 per ton), while the price for China ($1,811 per ton) was amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was attained by South Korea (+1.6%), 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 Thailand (FOB) - 2024
In May 2024, the average export price for tube or pipe flanges, other than stainless steels amounted to $13,989 per ton, with a decrease of -30.4% against the previous month. Over the period under review, the export price saw a perceptible descent. The growth pace was the most rapid in April 2024 when the average export price increased by 155% month-to-month. The export price peaked at $20,790 per ton in May 2023; however, from June 2023 to May 2024, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In May 2024, the country with the highest price was Singapore ($70,785 per ton), while the average price for exports to Indonesia ($4,158 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 Singapore (+24.7%), 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 Thailand
In 2022, supplies from abroad of tube or pipe flanges, other than stainless steels decreased by -1.1% to 17K tons, falling for the second year in a row after two years of growth. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +18.7% 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 decreased by -12.8% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 91%. As a result, imports attained the peak of 20K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of tube or pipe flanges, other than stainless steels totaled $55M in 2022. The total import value increased at an average annual rate of +14.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 38% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Import of Tube or Pipe Flanges, Other than Stainless Steel in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 19.1 | 22.0 | 24.2 | 29.4 | 15.5% |
| South Korea | 7.1 | 3.9 | 3.9 | 8.5 | 6.2% |
| Italy | 2.7 | 10.0 | 7.9 | 5.7 | 28.3% |
| India | 0.2 | 0.9 | 2.6 | 2.0 | 115.4% |
| Spain | 1.7 | 8.6 | 0.2 | 0.9 | -19.1% |
| Vietnam | N/A | 0.1 | 3.1 | N/A | 3000.0% |
| Others | 5.5 | 4.5 | 9.5 | 8.5 | 15.6% |
| Total | 36.3 | 50.0 | 51.5 | 55.0 | 14.9% |
Top Suppliers of Tube or Pipe Flanges, Other than Stainless Steel to Thailand in 2022:
- China (14.2K tons)
- South Korea (1.5K tons)
- Italy (0.8K tons)
- India (0.3K tons)
- Spain (0.2K tons)
Exports of Tube or Pipe Flanges, Other than Stainless Steel in Thailand
In 2022, the amount of tube or pipe flanges, other than stainless steels exported from Thailand skyrocketed to 333 tons, picking up by 31% compared with the previous year's figure. Over the period under review, total exports indicated temperate growth from 2019 to 2022: its volume increased at an average annual rate of +4.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -14.9% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 32% against the previous year. As a result, the exports attained the peak of 391 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of tube or pipe flanges, other than stainless steels surged to $2.8M in 2022. Overall, total exports indicated a notable increase from 2019 to 2022: its value increased at an average annual rate of +4.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -20.3% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 45% against the previous year. As a result, the exports reached the peak of $3.6M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Tube or Pipe Flanges, Other than Stainless Steel in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 723 | 816 | 1,012 | 963 | 10.0% |
| Lao People's Democratic Republic | 229 | 464 | 367 | 621 | 39.5% |
| Singapore | 59.8 | 246 | 62.0 | 309 | 72.9% |
| Myanmar | 185 | 112 | 104 | 213 | 4.8% |
| Indonesia | 36.0 | 67.5 | 126 | 174 | 69.1% |
| Cambodia | 297 | 159 | 255 | 107 | -28.8% |
| China | 48.2 | 399 | 13.9 | 74.6 | 15.7% |
| United Arab Emirates | 2.3 | 171 | 60.6 | 65.6 | 205.5% |
| Madagascar | 3.5 | N/A | 7.0 | 36.4 | 118.3% |
| United States | 156 | 880 | 113 | 32.2 | -40.9% |
| Malaysia | 42.1 | 38.3 | 48.2 | 28.1 | -12.6% |
| Philippines | 108 | 25.6 | 6.5 | 1.2 | -77.7% |
| Others | 573 | 195 | 301 | 221 | -27.2% |
| Total | 2,464 | 3,572 | 2,476 | 2,847 | 4.9% |
Top Export Markets for Tube or Pipe Flanges, Other than Stainless Steel from Thailand in 2022:
- Lao People's Democratic Republic (149.1 tons)
- Japan (48.7 tons)
- Singapore (27.3 tons)
- Indonesia (22.3 tons)
- Cambodia (13.6 tons)
- Myanmar (13.2 tons)
- United Arab Emirates (11.7 tons)
- Madagascar (10.4 tons)
- China (9.9 tons)
- Malaysia (6.2 tons)
- United States (5.4 tons)
- Philippines (0.2 tons)
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