Price for Tube or Pipe Flanges, Other than Stainless Steel in the UK - 2024
Contents:
- Price for Tube or Pipe Flanges, Other than Stainless Steel in the UK (CIF) - 2024
- Price for Tube or Pipe Flanges, Other than Stainless Steel in the UK (FOB) - 2022
- Imports of Tube or Pipe Flanges, Other than Stainless Steel in the UK
- Exports of Tube or Pipe Flanges, Other than Stainless Steel in the UK
Price for Tube or Pipe Flanges, Other than Stainless Steel in the UK (CIF) - 2024
The average import price for tube or pipe flanges, other than stainless steels stood at $2,933 per ton in April 2024, declining by -34.9% against the previous month. Overall, the import price recorded a noticeable setback. The growth pace was the most rapid in March 2024 an increase of 56% month-to-month. The import price peaked at $4,657 per ton in July 2023; however, from August 2023 to April 2024, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In April 2024, the country with the highest price was Germany ($10,054 per ton), while the price for China ($1,326 per ton) was amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was attained by Germany (+3.7%), while the prices for the other major suppliers experienced a decline.
Price for Tube or Pipe Flanges, Other than Stainless Steel in the UK (FOB) - 2022
In 2022, the average export price for tube or pipe flanges, other than stainless steels amounted to $16,237 per ton, jumping by 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2014 an increase of 43% against the previous year. As a result, the export price attained the peak level of $16,884 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($40,457 per ton), while the average price for exports to Ireland ($4,471 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 Canada (+7.3%), 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 the UK
In 2022, purchases abroad of tube or pipe flanges, other than stainless steels was finally on the rise to reach 18K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports continue to indicate a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of tube or pipe flanges, other than stainless steels surged to $59M in 2022. Overall, total imports indicated temperate growth from 2019 to 2022: its value increased at an average annual rate of +4.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Tube or Pipe Flanges, Other than Stainless Steel in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 15.7 | 9.4 | 13.2 | 25.3 | 17.2% |
| Italy | 14.4 | 14.6 | 7.9 | 15.2 | 1.8% |
| India | 1.1 | 0.6 | 1.4 | 2.9 | 38.1% |
| Spain | 3.7 | 5.1 | 1.7 | 2.6 | -11.1% |
| Germany | 2.8 | 2.4 | 2.5 | 1.9 | -12.1% |
| Vietnam | 1.4 | 0.7 | N/A | 0.1 | -58.5% |
| Others | 11.7 | 9.4 | 9.6 | 10.6 | -3.2% |
| Total | 50.7 | 42.3 | 36.4 | 58.6 | 4.9% |
Top Suppliers of Tube or Pipe Flanges, Other than Stainless Steel to the UK in 2022:
- China (11.8K tons)
- Italy (3.0K tons)
- India (1.4K tons)
- Spain (0.9K tons)
- Germany (0.2K tons)
Exports of Tube or Pipe Flanges, Other than Stainless Steel in the UK
In 2022, after two years of decline, there was significant growth in overseas shipments of tube or pipe flanges, other than stainless steels, when their volume increased by 17% to 2.7K tons. Overall, exports, however, recorded a deep slump.
In value terms, exports of tube or pipe flanges, other than stainless steels soared to $43M in 2022. The total export value increased at an average annual rate of +2.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Angola | 0.5 | 3.0 | 3.0 | 12.0 | 188.4% |
| Norway | 7.2 | 6.0 | 3.7 | 8.4 | 5.3% |
| Ireland | 2.1 | 2.8 | 2.6 | 2.9 | 11.4% |
| China | 0.3 | 1.1 | 0.2 | 2.2 | 94.3% |
| Australia | 0.3 | 0.3 | 0.3 | 2.0 | 88.2% |
| Netherlands | 0.5 | 0.2 | 2.0 | 1.7 | 50.4% |
| France | 2.2 | 1.8 | 1.0 | 1.4 | -14.0% |
| Saudi Arabia | 0.5 | 0.6 | 1.4 | 1.3 | 37.5% |
| Kazakhstan | 2.8 | 1.0 | 0.7 | 0.8 | -34.1% |
| Denmark | 1.1 | 4.0 | 0.6 | 0.6 | -18.3% |
| Qatar | 0.8 | 0.2 | 0.5 | 0.6 | -9.1% |
| Germany | 1.3 | 0.8 | 0.9 | 0.4 | -32.5% |
| United Arab Emirates | 1.7 | 0.9 | 1.2 | 0.3 | -43.9% |
| Others | 19.4 | 15.9 | 14.1 | 8.7 | -23.5% |
| Total | 40.6 | 38.5 | 32.3 | 43.4 | 2.2% |
Top Export Markets for Tube or Pipe Flanges, Other than Stainless Steel from the UK in 2022:
- Ireland (655.2 tons)
- Angola (451.7 tons)
- Norway (280.2 tons)
- Saudi Arabia (193.4 tons)
- France (111.5 tons)
- Netherlands (102.8 tons)
- China (96.7 tons)
- Denmark (76.3 tons)
- Kazakhstan (70.5 tons)
- Qatar (49.7 tons)
- Australia (48.6 tons)
- United Arab Emirates (29.5 tons)
- Germany (26.6 tons)
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