Price for Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in South Korea - 2022
Contents:
- Price for Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in South Korea (FOB) - 2022
- Price for Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in South Korea (CIF) - 2022
- Exports of Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in South Korea
- Imports of Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in South Korea
Price for Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in South Korea (FOB) - 2022
In 2022, the average export price for tube or pipe threaded elbows, bends and sleeves of stainless steels amounted to $26,744 per ton, jumping by 32% against the previous year. Over the period under review, the export price recorded a strong increase. As a result, the export price reached 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 Canada ($68,770 per ton), while the average price for exports to Oman ($2,192 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 States (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in South Korea (CIF) - 2022
In 2022, the average import price for tube or pipe threaded elbows, bends and sleeves of stainless steels amounted to $28,685 per ton, remaining stable against the previous year. In general, the import price posted a strong increase. The pace of growth appeared the most rapid in 2017 when the average import price increased by 80%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($293,056 per ton), while the price for China ($14,368 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+27.3%), 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 South Korea
In 2022, approx. 1.2K tons of tube or pipe threaded elbows, bends and sleeves of stainless steels were exported from South Korea; which is down by -28.9% on the year before. Overall, exports showed a dramatic decline. The smallest decline of -12.4% was in 2021.
In value terms, exports of tube or pipe threaded elbows, bends and sleeves of stainless steels declined to $32M in 2022. Over the period under review, exports saw a deep downturn. The pace of growth was the most pronounced in 2021 when exports increased by 13%.
| Export of Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 8.0 | 5.5 | 7.2 | 9.1 | 4.4% |
| China | 7.5 | 5.0 | 5.0 | 6.3 | -5.6% |
| Taiwan (Chinese) | 0.6 | 0.7 | 1.4 | 2.0 | 49.4% |
| Singapore | 1.8 | 1.9 | 2.9 | 1.9 | 1.8% |
| Canada | 1.7 | 1.2 | 1.7 | 1.8 | 1.9% |
| Japan | 2.0 | 1.0 | 1.1 | 0.9 | -23.4% |
| Oman | 0.9 | 0.8 | 1.3 | 0.7 | -8.0% |
| Dominican Republic | N/A | N/A | N/A | 0.7 | 0% |
| Germany | 1.4 | 0.8 | 0.5 | 0.6 | -24.6% |
| United Arab Emirates | 0.9 | 1.5 | 1.4 | 0.4 | -23.7% |
| Hong Kong SAR | N/A | N/A | 0.1 | 0.2 | 100.0% |
| Indonesia | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
| Malaysia | 0.5 | 0.2 | 0.2 | 0.1 | -41.5% |
| Others | 13.0 | 11.6 | 11.6 | 7.6 | -16.4% |
| Total | 38.5 | 30.4 | 34.4 | 32.4 | -5.6% |
Top Export Markets for Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel from South Korea in 2022:
- Oman (332.6 tons)
- China (152.3 tons)
- United States (134.3 tons)
- Singapore (110.0 tons)
- Taiwan (Chinese) (58.3 tons)
- Dominican Republic (52.5 tons)
- United Arab Emirates (43.6 tons)
- Hong Kong SAR (27.4 tons)
- Canada (25.9 tons)
- Japan (25.1 tons)
- Indonesia (22.6 tons)
- Malaysia (20.5 tons)
- Germany (19.9 tons)
Imports of Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in South Korea
In 2022, the amount of tube or pipe threaded elbows, bends and sleeves of stainless steels imported into South Korea expanded significantly to 713 tons, surging by 11% compared with the year before. The total import volume increased at an average annual rate of +9.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 29% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of tube or pipe threaded elbows, bends and sleeves of stainless steels expanded significantly to $20M in 2022. The total import value increased at an average annual rate of +11.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 20%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 9.2 | 9.4 | 9.3 | 9.4 | 0.7% |
| China | 3.8 | 6.2 | 7.4 | 8.7 | 31.8% |
| Vietnam | N/A | 0.2 | 0.5 | 0.7 | 87.1% |
| Japan | 0.4 | 1.0 | 0.4 | 0.5 | 7.7% |
| United Kingdom | 0.2 | 0.2 | 0.3 | 0.4 | 26.0% |
| Others | 1.0 | 0.6 | 0.6 | 0.7 | -11.2% |
| Total | 14.6 | 17.5 | 18.5 | 20.5 | 12.0% |
Top Suppliers of Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel to South Korea in 2022:
- China (608.3 tons)
- Vietnam (32.8 tons)
- United States (32.1 tons)
- Japan (16.8 tons)
- United Kingdom (12.7 tons)
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