Price for Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in Singapore - 2023
Contents:
- Price for Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in Singapore (CIF) - 2022
- Price for Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in Singapore (FOB) - 2022
- Imports of Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in Singapore
- Exports of Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in Singapore
Price for Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in Singapore (CIF) - 2022
In 2022, the average import price for tube or pipe threaded elbows, bends and sleeves of stainless steels amounted to $25,506 per ton, with a decrease of -10.2% against the previous year. Overall, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.9% 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 threaded elbows, bends and sleeves of stainless steels increased by +39.3% against 2018 indices. The growth pace was the most rapid in 2019 when the average import price increased by 34%. The import price peaked at $28,414 per ton in 2021, and then fell in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($67,979 per ton), while the price for Taiwan (Chinese) ($2,555 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+21.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in Singapore (FOB) - 2022
In 2022, the average export price for tube or pipe threaded elbows, bends and sleeves of stainless steels amounted to $28,492 per ton, jumping by 51% against the previous year. Over the period under review, the export price enjoyed a resilient increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($68,305 per ton), while the average price for exports to Malaysia ($11,683 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 Russia (+16.8%), 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 Singapore
In 2022, approx. 1.1K tons of tube or pipe threaded elbows, bends and sleeves of stainless steels were imported into Singapore; surging by 33% against 2021 figures. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +17.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 40%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of tube or pipe threaded elbows, bends and sleeves of stainless steels soared to $28M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +18.5% 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 +66.4% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 39% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 9.3 | 14.1 | 15.1 | 17.5 | 23.5% |
| Malaysia | 0.6 | 0.9 | 0.7 | 3.1 | 72.9% |
| South Korea | 1.8 | 1.9 | 2.9 | 2.6 | 13.0% |
| China | 1.5 | 2.1 | 1.5 | 1.8 | 6.3% |
| Japan | 0.3 | 0.7 | 0.5 | 0.6 | 26.0% |
| United Kingdom | 0.7 | 0.8 | 0.6 | 0.3 | -24.6% |
| Taiwan (Chinese) | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Others | 2.7 | 3.1 | 2.3 | 2.4 | -3.9% |
| Total | 17.0 | 23.6 | 23.8 | 28.3 | 18.5% |
Top Suppliers of Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel to Singapore in 2022:
- China (383.1 tons)
- United States (257.1 tons)
- South Korea (192.2 tons)
- Malaysia (83.7 tons)
- Taiwan (Chinese) (66.9 tons)
- Japan (50.2 tons)
- United Kingdom (11.5 tons)
Exports of Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in Singapore
In 2022, overseas shipments of tube or pipe threaded elbows, bends and sleeves of stainless steels decreased by -6% to 569 tons, falling for the second consecutive year after two years of growth. Overall, total exports indicated a tangible increase from 2019 to 2022: its volume 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. Based on 2022 figures, exports decreased by -33.6% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 74% against the previous year. As a result, the exports attained the peak of 857 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of tube or pipe threaded elbows, bends and sleeves of stainless steels skyrocketed to $16M in 2022. The total export value increased at an average annual rate of +11.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 3.2 | 7.1 | 4.7 | 4.8 | 14.5% |
| China | 1.8 | 1.1 | 1.7 | 2.7 | 14.5% |
| Malaysia | 1.9 | 2.6 | 1.5 | 1.7 | -3.6% |
| Saudi Arabia | 0.3 | 0.1 | 0.5 | 1.3 | 63.0% |
| Thailand | 0.1 | 0.1 | 0.4 | 1.3 | 135.1% |
| Australia | 0.4 | 0.6 | 0.1 | 0.3 | -9.1% |
| Philippines | 0.1 | 0.1 | 0.3 | 0.3 | 44.2% |
| Norway | N/A | 0.1 | 0.1 | 0.3 | 73.2% |
| Vietnam | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Others | 3.7 | 2.7 | 2.2 | 3.5 | -1.8% |
| Total | 11.7 | 14.6 | 11.4 | 16.2 | 11.5% |
Top Export Markets for Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel from Singapore in 2022:
- Indonesia (207.6 tons)
- Malaysia (146.7 tons)
- Thailand (58.4 tons)
- China (39.2 tons)
- Saudi Arabia (18.5 tons)
- Philippines (17.1 tons)
- Australia (10.4 tons)
- Norway (10.4 tons)
- Vietnam (3.8 tons)
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