Price for Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in Hong Kong SAR - 2024
Contents:
- Price for Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in Hong Kong SAR (CIF) - 2024
- Price for Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in Hong Kong SAR (FOB) - 2022
- Imports of Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in Hong Kong SAR
- Exports of Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in Hong Kong SAR
Price for Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in Hong Kong SAR (CIF) - 2024
In March 2024, the average import price for tube or pipe threaded elbows, bends and sleeves of stainless steels amounted to $91,447 per ton, falling by -49.5% against the previous month. In general, the import price, however, showed resilient growth. The growth pace was the most rapid in February 2024 when the average import price increased by 374% m-o-m. As a result, import price reached the peak level of $181K per ton, and then shrank notably in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($313K per ton), while the price for Japan ($23,849 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by China (+12.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for tube or pipe threaded elbows, bends and sleeves of stainless steels amounted to $44,612 per ton, jumping by 19% against the previous year. Over the period under review, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.4% 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 threaded elbows, bends and sleeves of stainless steels increased by +114.4% against 2017 indices. The pace of growth was the most pronounced in 2018 an increase of 38% against the previous year. The export price peaked in 2022 and is likely to see gradual 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 Arab Emirates ($139,188 per ton), while the average price for exports to Bangladesh ($2,009 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 Arab Emirates (+61.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in Hong Kong SAR
In 2022, the amount of tube or pipe threaded elbows, bends and sleeves of stainless steels imported into Hong Kong SAR soared to 226 tons, surging by 39% compared with the year before. Overall, imports, however, showed a abrupt decrease.
In value terms, imports of tube or pipe threaded elbows, bends and sleeves of stainless steels soared to $5.9M in 2022. Over the period under review, imports saw a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 511 | 1,303 | 1,180 | 2,337 | 66.0% |
| China | 2,985 | 661 | 1,819 | 2,238 | -9.2% |
| Singapore | 248 | 259 | 328 | 861 | 51.4% |
| South Korea | 25.3 | 37.9 | 71.2 | 314 | 131.5% |
| Taiwan (Chinese) | 116 | 168 | 234 | 36.8 | -31.8% |
| Japan | 196 | 307 | 209 | 24.1 | -50.3% |
| Vietnam | N/A | N/A | 64.1 | N/A | 0% |
| Others | 117 | 129 | 123 | 66.7 | -17.1% |
| Total | 4,199 | 2,865 | 4,028 | 5,877 | 11.9% |
Top Suppliers of Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel to Hong Kong SAR in 2022:
- China (157.6 tons)
- Singapore (29.0 tons)
- United States (18.8 tons)
- South Korea (12.3 tons)
- Taiwan (Chinese) (4.7 tons)
- Japan (1.5 tons)
Exports of Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in Hong Kong SAR
Exports of tube or pipe threaded elbows, bends and sleeves of stainless steels from Hong Kong SAR skyrocketed to 43 tons in 2022, rising by 21% compared with 2021. Overall, exports, however, recorded a abrupt decrease.
In value terms, exports of tube or pipe threaded elbows, bends and sleeves of stainless steels surged to $1.9M in 2022. In general, total exports indicated a temperate increase from 2019 to 2022: its value increased at an average annual rate of +2.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -10.0% against 2020 indices.
| Export of Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 466 | 813 | 1,031 | 1,440 | 45.7% |
| United Arab Emirates | 1.4 | 2.9 | 1.3 | 219 | 438.8% |
| United States | 169 | 605 | 112 | 61.3 | -28.7% |
| Macao SAR | 2.8 | 16.5 | 5.8 | 34.9 | 131.9% |
| Germany | 54.3 | 25.1 | 26.9 | 32.0 | -16.2% |
| Japan | 19.8 | 4.5 | 24.5 | 26.5 | 10.2% |
| France | 2.9 | 12.7 | 6.6 | 24.6 | 103.9% |
| Singapore | 942 | 2.1 | 14.3 | 11.6 | -76.9% |
| Guam | N/A | N/A | 18.3 | 11.6 | -36.6% |
| United Kingdom | 17.5 | 9.5 | 25.8 | 9.0 | -19.9% |
| Bangladesh | N/A | N/A | N/A | 2.8 | 0% |
| Russia | 17.9 | 584 | 1.2 | 1.7 | -54.4% |
| Taiwan (Chinese) | 18.1 | 24.3 | 23.8 | 0.3 | -74.5% |
| Others | 56.0 | 33.5 | 37.4 | 43.5 | -8.1% |
| Total | 1,767 | 2,132 | 1,328 | 1,919 | 2.8% |
Top Export Markets for Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel from Hong Kong SAR in 2022:
- China (22.8 tons)
- Macao SAR (5.3 tons)
- United States (4.9 tons)
- United Arab Emirates (1.6 tons)
- Bangladesh (1.4 tons)
- Japan (1.3 tons)
- France (1.0 tons)
- Guam (0.9 tons)
- Germany (0.7 tons)
- United Kingdom (0.6 tons)
- Singapore (0.4 tons)
- Taiwan (Chinese) (0.1 tons)
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