Price for Tube or Pipe Flanges, Other than Stainless Steel in the Philippines - 2024
Contents:
- Price for Tube or Pipe Flanges, Other than Stainless Steel in the Philippines (CIF) - 2022
- Price for Tube or Pipe Flanges, Other than Stainless Steel in the Philippines (FOB) - 2022
- Imports of Tube or Pipe Flanges, Other than Stainless Steel in the Philippines
- Exports of Tube or Pipe Flanges, Other than Stainless Steel in the Philippines
Price for Tube or Pipe Flanges, Other than Stainless Steel in the Philippines (CIF) - 2022
In 2022, the average import price for tube or pipe flanges, other than stainless steels amounted to $3,964 per ton, increasing by 29% against the previous year. Over the period under review, the import price, however, continues to indicate a slight contraction. The growth pace was the most rapid in 2019 an increase of 33%. Over the period under review, average import prices hit record highs at $4,561 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($13,176 per ton), while the price for China ($1,870 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+10.1%), 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 the Philippines (FOB) - 2022
The average export price for tube or pipe flanges, other than stainless steels stood at $8,544 per ton in 2022, shrinking by -11.1% against the previous year. Over the period under review, the export price, however, recorded a buoyant increase. The growth pace was the most rapid in 2013 when the average export price increased by 182%. The export price peaked at $18,001 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($8,829 per ton), while the average price for exports to France ($3,846 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 the United States (+15.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Tube or Pipe Flanges, Other than Stainless Steel in the Philippines
Imports of tube or pipe flanges, other than stainless steels into the Philippines contracted dramatically to 2.1K tons in 2022, falling by -21.7% on the year before. In general, imports saw a abrupt slump. The pace of growth appeared the most rapid in 2021 when imports increased by 20% against the previous year.
In value terms, imports of tube or pipe flanges, other than stainless steels totaled $8.4M in 2022. Over the period under review, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 6%.
| Import of Tube or Pipe Flanges, Other than Stainless Steel in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4,225 | 2,672 | 3,277 | 3,090 | -9.9% |
| Singapore | 2,548 | 962 | 1,573 | 1,020 | -26.3% |
| Japan | 3,055 | 1,475 | 882 | 604 | -41.7% |
| Malaysia | 206 | 218 | 230 | 483 | 32.8% |
| India | 16.0 | 30.3 | 118 | 362 | 182.8% |
| South Korea | 736 | 324 | 121 | 339 | -22.8% |
| Taiwan (Chinese) | 381 | 222 | 198 | 306 | -7.0% |
| Italy | 679 | 230 | 164 | 203 | -33.1% |
| United Arab Emirates | 33.9 | 11.0 | 491 | 145 | 62.3% |
| Others | 1,245 | 1,739 | 1,305 | 1,895 | 15.0% |
| Total | 13,125 | 7,884 | 8,358 | 8,445 | -13.7% |
Top Suppliers of Tube or Pipe Flanges, Other than Stainless Steel to the Philippines in 2022:
- China (1651.9 tons)
- Japan (82.9 tons)
- Singapore (77.4 tons)
- Malaysia (42.9 tons)
- India (41.4 tons)
- Italy (40.0 tons)
- Taiwan (Chinese) (39.7 tons)
- South Korea (34.2 tons)
- United Arab Emirates (32.3 tons)
Exports of Tube or Pipe Flanges, Other than Stainless Steel in the Philippines
In 2022, the amount of tube or pipe flanges, other than stainless steels exported from the Philippines dropped significantly to 2.6 tons, with a decrease of -43.8% against the previous year. Overall, exports recorded a dramatic decrease. The most prominent rate of growth was recorded in 2021 with an increase of 3,174% against the previous year.
In value terms, exports of tube or pipe flanges, other than stainless steels fell markedly to $22K in 2022. In general, exports continue to indicate a dramatic downturn. The growth pace was the most rapid in 2021 when exports increased by 2,535% against the previous year.
| Export of Tube or Pipe Flanges, Other than Stainless Steel in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 24.4 | 1.4 | 0.7 | 21.3 | -4.4% |
| United Kingdom | N/A | N/A | N/A | 0.7 | 0% |
| France | N/A | N/A | N/A | 0.5 | 0% |
| Thailand | N/A | N/A | 1.8 | N/A | 0% |
| United States | 217 | N/A | 42.5 | N/A | -55.7% |
| Others | 0.1 | 0.3 | N/A | N/A | 200.0% |
| Total | 241 | 1.7 | 45.0 | 22.5 | -54.6% |
Top Export Markets for Tube or Pipe Flanges, Other than Stainless Steel from the Philippines in 2022:
- Indonesia (2437.0 kg)
- France (117.0 kg)
- United Kingdom (76.0 kg)
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