Price for Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in China - 2024
Contents:
- Price for Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in China (FOB) - 2024
- Price for Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in China (CIF) - 2022
- Exports of Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in China
- Imports of Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in China
Price for Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in China (FOB) - 2024
The average export price for tube or pipe threaded elbows, bends and sleeves of stainless steels stood at $9,970 per ton in May 2024, shrinking by -8.3% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in March 2024 an increase of 17% against the previous month. As a result, the export price reached the peak level of $11,442 per ton. From April 2024 to May 2024, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Hong Kong SAR ($25,930 per ton), while the average price for exports to Kazakhstan ($1,091 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 Hong Kong SAR (+9.2%), while the prices for the other major destinations experienced a decline.
Price for Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in China (CIF) - 2022
The average import price for tube or pipe threaded elbows, bends and sleeves of stainless steels stood at $61,490 per ton in 2022, rising by 21% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The growth pace was the most rapid in 2019 when the average import price increased by 22%. The import price peaked in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($179,279 per ton), while the price for Denmark ($26,546 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+18.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in China
For the third year in a row, China recorded decline in shipments abroad of tube or pipe threaded elbows, bends and sleeves of stainless steels, which decreased by -18.9% to 12K tons in 2022. Over the period under review, exports faced a drastic downturn. The smallest decline of -7.1% was in 2021.
In value terms, exports of tube or pipe threaded elbows, bends and sleeves of stainless steels contracted to $125M in 2022. In general, exports continue to indicate a abrupt contraction. The smallest decline of -1% was in 2021.
| Export of Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 29.4 | 20.9 | 23.6 | 20.2 | -11.8% |
| Japan | 21.3 | 15.5 | 13.0 | 9.9 | -22.5% |
| Italy | 13.7 | 11.7 | 8.9 | 9.0 | -13.1% |
| Germany | 11.0 | 9.1 | 7.4 | 6.8 | -14.8% |
| South Korea | 3.5 | 4.6 | 5.5 | 6.0 | 19.7% |
| France | 6.6 | 5.1 | 5.4 | 5.6 | -5.3% |
| Taiwan (Chinese) | 10.4 | 6.5 | 7.7 | 5.5 | -19.1% |
| Netherlands | 6.1 | 5.1 | 4.9 | 4.8 | -7.7% |
| Canada | 6.8 | 4.7 | 4.6 | 4.5 | -12.9% |
| Turkey | 3.7 | 3.7 | 3.7 | 4.3 | 5.1% |
| Malaysia | 3.5 | 1.9 | 3.3 | 3.9 | 3.7% |
| Hong Kong SAR | 4.2 | 3.3 | 2.5 | 3.5 | -5.9% |
| Philippines | 1.8 | 1.7 | 1.9 | 2.7 | 14.5% |
| Others | 47.6 | 48.0 | 48.1 | 38.0 | -7.2% |
| Total | 170 | 142 | 140 | 125 | -9.7% |
Top Export Markets for Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel from China in 2022:
- United States (1378.9 tons)
- Japan (716.9 tons)
- Italy (707.5 tons)
- Germany (585.9 tons)
- South Korea (583.2 tons)
- Canada (531.6 tons)
- Taiwan (Chinese) (492.3 tons)
- Malaysia (489.7 tons)
- Philippines (447.3 tons)
- France (434.0 tons)
- Turkey (432.4 tons)
- Hong Kong SAR (381.8 tons)
- Netherlands (377.3 tons)
Imports of Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in China
Imports of tube or pipe threaded elbows, bends and sleeves of stainless steels into China declined to 908 tons in 2022, which is down by -10.2% against 2021. The total import volume increased at an average annual rate of +5.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 36% against the previous year. As a result, imports reached the peak of 1K tons, and then contracted in the following year.
In value terms, imports of tube or pipe threaded elbows, bends and sleeves of stainless steels stood at $56M in 2022. The total import value increased at an average annual rate of +8.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 30%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.
| Import of Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 7.0 | 7.1 | 12.3 | 14.2 | 26.6% |
| South Korea | 7.5 | 5.0 | 5.0 | 8.3 | 3.4% |
| United States | 7.9 | 6.0 | 6.6 | 8.0 | 0.4% |
| Germany | 4.4 | 4.7 | 4.2 | 3.6 | -6.5% |
| Vietnam | N/A | N/A | 1.2 | 2.8 | 133.3% |
| India | 0.6 | 2.4 | 3.4 | 2.5 | 60.9% |
| United Kingdom | 2.2 | 1.5 | 2.0 | 2.0 | -3.1% |
| Switzerland | 1.8 | 1.7 | 1.6 | 1.9 | 1.8% |
| Italy | 1.4 | 1.2 | 1.3 | 1.8 | 8.7% |
| Taiwan (Chinese) | 1.7 | 1.1 | 1.9 | 1.4 | -6.3% |
| Singapore | 1.0 | 0.7 | 1.8 | 1.2 | 6.3% |
| Denmark | 0.4 | 0.2 | 0.2 | 0.9 | 31.0% |
| Turkey | 1.1 | 0.7 | 1.2 | 0.5 | -23.1% |
| Others | 6.6 | 7.5 | 8.9 | 6.8 | 1.0% |
| Total | 43.6 | 39.7 | 51.6 | 55.8 | 8.6% |
Top Suppliers of Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel to China in 2022:
- South Korea (213.3 tons)
- Japan (162.2 tons)
- Germany (78.1 tons)
- India (68.5 tons)
- Italy (47.2 tons)
- Vietnam (47.0 tons)
- United States (44.6 tons)
- Denmark (33.4 tons)
- Singapore (29.4 tons)
- United Kingdom (22.1 tons)
- Taiwan (Chinese) (20.5 tons)
- Switzerland (18.9 tons)
- Turkey (15.8 tons)
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