Price for Tube or Pipe Flanges, Other than Stainless Steel in Turkey - 2024
Contents:
- Price for Tube or Pipe Flanges, Other than Stainless Steel in Turkey (CIF) - 2024
- Price for Tube or Pipe Flanges, Other than Stainless Steel in Turkey (FOB) - 2022
- Imports of Tube or Pipe Flanges, Other than Stainless Steel in Turkey
- Exports of Tube or Pipe Flanges, Other than Stainless Steel in Turkey
Price for Tube or Pipe Flanges, Other than Stainless Steel in Turkey (CIF) - 2024
The average import price for tube or pipe flanges, other than stainless steels stood at $3,850 per ton in May 2024, reducing by -5.8% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in January 2024 an increase of 134% against the previous month. As a result, import price attained the peak level of $6,473 per ton. From February 2024 to May 2024, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($8,569 per ton), while the price for South Korea ($2,518 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 India (+2.0%), 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 Turkey (FOB) - 2022
The average export price for tube or pipe flanges, other than stainless steels stood at $6,056 per ton in 2022, growing by 26% against the previous year. Over the period under review, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +4.0% 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 +106.3% against 2016 indices. The pace of growth was the most pronounced in 2018 when the average export price increased by 43% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see gradual growth in the near future.
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 Portugal ($24,290 per ton), while the average price for exports to Morocco ($2,367 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 Portugal (+20.1%), 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 Turkey
Imports of tube or pipe flanges, other than stainless steels into Turkey soared to 17K tons in 2022, increasing by 40% on the year before. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +7.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -15.9% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 46% against the previous year. As a result, imports reached the peak of 20K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of tube or pipe flanges, other than stainless steels surged to $57M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +15.5% 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 increased by +53.9% against 2019 indices. 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 Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 16.2 | 35.2 | 19.3 | 29.2 | 21.7% |
| Italy | 4.8 | 3.7 | 6.8 | 11.0 | 31.8% |
| Germany | 5.3 | 7.0 | 6.0 | 6.4 | 6.5% |
| China | 5.4 | 1.0 | 2.9 | 5.1 | -1.9% |
| India | 0.5 | 0.9 | 0.8 | 1.3 | 37.5% |
| Others | 4.8 | 3.3 | 2.8 | 3.8 | -7.5% |
| Total | 36.9 | 51.1 | 38.6 | 56.8 | 15.5% |
Top Suppliers of Tube or Pipe Flanges, Other than Stainless Steel to Turkey in 2022:
- South Korea (11.2K tons)
- Italy (2.7K tons)
- China (1.4K tons)
- Germany (0.8K tons)
- India (0.3K tons)
Exports of Tube or Pipe Flanges, Other than Stainless Steel in Turkey
In 2022, exports of tube or pipe flanges, other than stainless steels from Turkey declined to 5.3K tons, reducing by -14.3% on the year before. In general, exports showed a noticeable downturn. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. As a result, the exports reached the peak of 6.2K tons, and then reduced in the following year.
In value terms, exports of tube or pipe flanges, other than stainless steels reached $32M in 2022. The total export value increased at an average annual rate of +7.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 26% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Tube or Pipe Flanges, Other than Stainless Steel in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 7.4 | 6.7 | 8.9 | 11.8 | 16.8% |
| Portugal | 2.9 | 2.7 | 3.4 | 4.1 | 12.2% |
| Italy | 2.4 | 1.8 | 2.3 | 2.3 | -1.4% |
| Romania | 2.1 | 1.5 | 1.5 | 1.9 | -3.3% |
| Morocco | 0.1 | 0.4 | 1.1 | 1.4 | 141.0% |
| Iraq | 0.4 | 0.5 | 0.7 | 0.9 | 31.0% |
| Russia | 0.2 | 0.2 | 0.4 | 0.7 | 51.8% |
| Uzbekistan | 0.2 | 0.2 | 1.1 | 0.6 | 44.2% |
| Turkmenistan | 0.3 | 0.4 | 0.5 | 0.5 | 18.6% |
| France | 0.4 | 0.5 | 0.5 | 0.5 | 7.7% |
| Slovenia | N/A | N/A | 0.5 | 0.4 | -20.0% |
| Saudi Arabia | 2.4 | 2.3 | 2.0 | 0.3 | -50.0% |
| Spain | 0.7 | 1.1 | 0.1 | 0.2 | -34.1% |
| Others | 6.2 | 5.4 | 6.8 | 6.5 | 1.6% |
| Total | 25.7 | 23.4 | 29.6 | 32.1 | 7.7% |
Top Export Markets for Tube or Pipe Flanges, Other than Stainless Steel from Turkey in 2022:
- Germany (1996.8 tons)
- Morocco (603.4 tons)
- Italy (549.1 tons)
- Iraq (175.0 tons)
- Portugal (169.1 tons)
- Russia (147.1 tons)
- Slovenia (119.5 tons)
- Romania (117.2 tons)
- Uzbekistan (116.0 tons)
- France (109.3 tons)
- Turkmenistan (105.5 tons)
- Saudi Arabia (56.2 tons)
- Spain (48.0 tons)
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