Price for Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in the United States - 2024
Contents:
- Price for Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in the United States (FOB) - 2024
- Price for Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in the United States (CIF) - 2024
- Exports of Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in the United States
- Imports of Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in the United States
Price for Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in the United States (FOB) - 2024
The average export price for tube or pipe threaded elbows, bends and sleeves of stainless steels stood at $136K per ton in May 2024, almost unchanged from the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in March 2024 an increase of 42% against the previous month. Over the period under review, the average export prices attained the maximum at $150K per ton in November 2023; however, from December 2023 to May 2024, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In May 2024, the country with the highest price was Malaysia ($238K per ton), while the average price for exports to Israel ($15,933 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 Mexico (+2.1%), 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 the United States (CIF) - 2024
The average import price for tube or pipe threaded elbows, bends and sleeves of stainless steels stood at $12,436 per ton in May 2024, falling by -10.8% against the previous month. Overall, the import price showed a mild decrease. The pace of growth appeared the most rapid in August 2023 an increase of 18% m-o-m. As a result, import price attained the peak level of $16,202 per ton. From September 2023 to May 2024, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In May 2024, the country with the highest price was South Korea ($41,959 per ton), while the price for Canada ($2,377 per ton) was amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was attained by China (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in the United States
Exports of tube or pipe threaded elbows, bends and sleeves of stainless steels from the United States reached 2.9K tons in 2022, surging by 10% compared with 2021 figures. The total export volume increased at an average annual rate of +2.1% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 10%. The exports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, exports of tube or pipe threaded elbows, bends and sleeves of stainless steels amounted to $360M in 2022. The total export value increased at an average annual rate of +6.2% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 16%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.
| Export of Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 32.1 | 34.6 | 42.4 | 47.6 | 14.0% |
| Canada | 43.8 | 34.9 | 39.6 | 45.4 | 1.2% |
| Netherlands | 41.2 | 37.2 | 35.9 | 31.5 | -8.6% |
| China | 21.8 | 22.8 | 30.8 | 28.7 | 9.6% |
| India | 14.2 | 16.3 | 24.8 | 28.5 | 26.1% |
| Mexico | 17.2 | 14.1 | 18.1 | 21.2 | 7.2% |
| Germany | 10.5 | 8.3 | 13.3 | 17.0 | 17.4% |
| France | 13.8 | 15.6 | 13.6 | 16.6 | 6.4% |
| United Kingdom | 15.4 | 10.4 | 15.6 | 14.5 | -2.0% |
| Singapore | 11.2 | 12.8 | 12.6 | 14.3 | 8.5% |
| Malaysia | 5.9 | 5.7 | 7.8 | 12.1 | 27.1% |
| South Korea | 9.1 | 9.5 | 9.1 | 9.8 | 2.5% |
| Costa Rica | 0.3 | 0.3 | 0.3 | 1.9 | 85.0% |
| Others | 63.5 | 56.8 | 59.4 | 70.4 | 3.5% |
| Total | 300 | 279 | 323 | 360 | 6.3% |
Top Export Markets for Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel from the United States in 2022:
- Canada (529.4 tons)
- Mexico (423.0 tons)
- Netherlands (287.6 tons)
- Japan (279.1 tons)
- India (210.1 tons)
- China (175.3 tons)
- Costa Rica (98.2 tons)
- Germany (81.8 tons)
- France (76.2 tons)
- Malaysia (71.2 tons)
- Singapore (70.6 tons)
- United Kingdom (66.8 tons)
- South Korea (49.2 tons)
Imports of Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in the United States
In 2022, the amount of tube or pipe threaded elbows, bends and sleeves of stainless steels imported into the United States surged to 12K tons, jumping by 25% against 2021. In general, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +5.9% 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 +70.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 36%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of tube or pipe threaded elbows, bends and sleeves of stainless steels skyrocketed to $172M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +7.2% 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 +96.4% against 2020 indices. 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 the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 5.3 | 7.6 | 17.1 | 42.9 | 100.8% |
| China | 30.0 | 19.2 | 28.0 | 35.2 | 5.5% |
| Taiwan (Chinese) | 17.8 | 15.5 | 19.6 | 29.3 | 18.1% |
| India | 7.5 | 4.7 | 6.5 | 8.1 | 2.6% |
| Vietnam | 6.1 | 3.5 | 3.8 | 6.5 | 2.1% |
| Canada | 3.5 | 2.6 | 3.6 | 4.7 | 10.3% |
| Thailand | 1.9 | 3.5 | 3.3 | 4.3 | 31.3% |
| Israel | 33.5 | 5.0 | 0.2 | 0.2 | -81.9% |
| Others | 33.9 | 25.9 | 29.5 | 41.0 | 6.5% |
| Total | 140 | 87.6 | 112 | 172 | 7.1% |
Top Suppliers of Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel to the United States in 2022:
- Italy (3.3K tons)
- China (3.0K tons)
- Taiwan (Chinese) (2.1K tons)
- Vietnam (0.9K tons)
- India (0.8K tons)
- Canada (0.7K tons)
- Thailand (0.4K tons)
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