Price for Tube or Pipe Flanges, Other than Stainless Steel in Vietnam - 2022
Contents:
- Price for Tube or Pipe Flanges, Other than Stainless Steel in Vietnam (CIF) - 2022
- Price for Tube or Pipe Flanges, Other than Stainless Steel in Vietnam (FOB) - 2022
- Imports of Tube or Pipe Flanges, Other than Stainless Steel in Vietnam
- Exports of Tube or Pipe Flanges, Other than Stainless Steel in Vietnam
Price for Tube or Pipe Flanges, Other than Stainless Steel in Vietnam (CIF) - 2022
The average import price for tube or pipe flanges, other than stainless steels stood at $4,622 per ton in 2022, reducing by -15.8% against the previous year. Over the period under review, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.0% 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 +18.8% against 2018 indices. The most prominent rate of growth was recorded in 2016 an increase of 50%. Over the period under review, average import prices hit record highs at $5,490 per ton in 2021, and then contracted dramatically in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($4,622 per ton) and Italy ($4,622 per ton), while the price for China ($4,622 per ton) and South Korea ($4,622 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+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 Vietnam (FOB) - 2022
In 2022, the average export price for tube or pipe flanges, other than stainless steels amounted to $5,448 per ton, jumping by 34% against the previous year. Over the period under review, the export price recorded prominent growth. The most prominent rate of growth was recorded in 2021 an increase of 68% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($6,846 per ton), while the average price for exports to Taiwan (Chinese) ($1,337 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 UK (+11.4%), 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 Vietnam
In 2022, supplies from abroad of tube or pipe flanges, other than stainless steels decreased by -45.4% to 6.5K tons, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a precipitous decrease. The pace of growth appeared the most rapid in 2020 with an increase of 12% against the previous year. As a result, imports attained the peak of 15K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of tube or pipe flanges, other than stainless steels dropped rapidly to $30M in 2022. In general, imports faced a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 16% against the previous year.
Import of Tube or Pipe Flanges, Other than Stainless Steel in Vietnam (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 42.3 | 28.4 | 51.2 | 24.5 | -16.6% |
South Korea | 9.2 | 30.1 | 10.6 | 2.3 | -37.0% |
Italy | 1.1 | 2.9 | 1.8 | 1.6 | 13.3% |
Japan | 0.4 | 0.6 | 0.9 | 0.6 | 14.5% |
Others | 2.9 | 2.9 | 1.3 | 1.2 | -25.5% |
Total | 55.8 | 64.9 | 65.8 | 30.2 | -18.5% |
Top Suppliers of Tube or Pipe Flanges, Other than Stainless Steel to Vietnam in 2022:
- China (5.3K tons)
- South Korea (0.5K tons)
- Italy (0.3K tons)
- Japan (0.1K tons)
Exports of Tube or Pipe Flanges, Other than Stainless Steel in Vietnam
In 2022, shipments abroad of tube or pipe flanges, other than stainless steels decreased by -42.3% to 1.4K tons, falling for the second year in a row after two years of growth. Overall, exports recorded a abrupt downturn. The pace of growth was the most pronounced in 2020 with an increase of 21%. As a result, the exports attained the peak of 2.6K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of tube or pipe flanges, other than stainless steels declined notably to $7.5M in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +9.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +32.6% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 53%. As a result, the exports attained the peak of $9.7M, and then shrank dramatically in the following year.
Export of Tube or Pipe Flanges, Other than Stainless Steel in Vietnam (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 1.4 | 1.8 | 2.8 | 4.0 | 41.9% |
United States | 1.0 | 0.8 | 1.6 | 2.1 | 28.1% |
South Korea | 0.5 | 2.3 | 1.9 | 1.0 | 26.0% |
Taiwan (Chinese) | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
United Kingdom | 1.4 | 0.7 | N/A | 0.1 | -58.5% |
Thailand | N/A | 0.1 | 3.2 | N/A | 3100.0% |
Others | 1.3 | 0.5 | 0.2 | 0.1 | -57.5% |
Total | 5.7 | 6.3 | 9.7 | 7.5 | 9.6% |
Top Export Markets for Tube or Pipe Flanges, Other than Stainless Steel from Vietnam in 2022:
- Japan (623.3 tons)
- South Korea (332.9 tons)
- United States (312.6 tons)
- Taiwan (Chinese) (62.6 tons)
- United Kingdom (19.8 tons)
- Thailand (3.6 tons)
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Discover the top import markets for iron or steel tube fittings and key statistics in this comprehensive article. Find out which countries lead the industry and their import values. Explore opportunities for exporters in the global market.
Global Steel Pipe Fitting Market: In 2017, the volume of the global steel tube fittings consumption stood at approx. X tons. After a noticeable contraction in 2009, the volume of consumption recovered over the next three years and then levelled of
Global tube or pipe fitting imports stood at X tons in 2016, moving up by X% against the previous year figure. Overall, it indicated a remarkable growth from 2007 to 2016: the total imports volume...
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