Price for Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in Canada - 2024
Contents:
- Price for Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in Canada (CIF) - 2024
- Price for Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in Canada (FOB) - 2022
- Imports of Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in Canada
- Exports of Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in Canada
Price for Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in Canada (CIF) - 2024
The average import price for tube or pipe threaded elbows, bends and sleeves, other than stainless steels stood at $23,305 per ton in March 2024, growing by 143% against the previous month. In general, the import price recorded prominent growth. The pace of growth appeared the most rapid in November 2023 when the average import price increased by 148% m-o-m. Over the period under review, average import prices hit record highs in March 2024.
Average prices varied noticeably amongst the major supplying countries. In March 2024, the country with the highest price was Colombia ($10,502 per ton), while the price for Mexico stood at $10,226 per ton.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Colombia (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in Canada (FOB) - 2022
In 2022, the average export price for tube or pipe threaded elbows, bends and sleeves, other than stainless steels amounted to $13,138 per ton, which is down by -15.8% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 23%. The export price peaked at $15,672 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Australia ($13,138 per ton) and South Africa ($13,138 per ton), while the average price for exports to Chile ($13,138 per ton) and the Netherlands ($13,138 per ton) were 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 (+0.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in Canada
In 2022, the amount of tube or pipe threaded elbows, bends and sleeves, other than stainless steels imported into Canada shrank to 17K tons, with a decrease of -9.9% against 2021. Over the period under review, imports showed a noticeable downturn. The most prominent rate of growth was recorded in 2021 with an increase of 45% against the previous year. As a result, imports reached the peak of 19K tons, and then contracted in the following year.
In value terms, imports of tube or pipe threaded elbows, bends and sleeves, other than stainless steels skyrocketed to $127M in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +14.2% 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 +89.1% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 50%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 41.0 | 39.4 | 49.2 | 63.8 | 15.9% |
| China | 14.4 | 8.2 | 12.9 | 19.6 | 10.8% |
| Mexico | 7.0 | 3.9 | 8.3 | 15.6 | 30.6% |
| Colombia | 11.5 | 4.7 | 16.4 | 8.1 | -11.0% |
| India | 1.3 | 0.7 | 1.9 | 3.5 | 39.1% |
| Taiwan (Chinese) | 1.5 | 0.9 | 1.5 | 2.3 | 15.3% |
| Argentina | 0.3 | 0.1 | 0.1 | 2.3 | 97.2% |
| Others | 8.3 | 9.4 | 10.4 | 12.0 | 13.1% |
| Total | 85.3 | 67.3 | 101 | 127 | 14.2% |
Top Suppliers of Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel to Canada in 2022:
- United States (6.3K tons)
- China (3.8K tons)
- Mexico (2.9K tons)
- Colombia (1.5K tons)
- India (0.7K tons)
- Taiwan (Chinese) (0.5K tons)
- Argentina (0.5K tons)
Exports of Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in Canada
In 2022, approx. 1K tons of tube or pipe threaded elbows, bends and sleeves, other than stainless steels were exported from Canada; with an increase of 49% compared with the previous year. Overall, exports, however, saw a noticeable shrinkage.
In value terms, exports of tube or pipe threaded elbows, bends and sleeves, other than stainless steels skyrocketed to $14M in 2022. In general, exports, however, showed a perceptible shrinkage. The growth pace was the most rapid in 2021 when exports increased by 39%.
| Export of Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 12.3 | 5.7 | 8.2 | 10.9 | -3.9% |
| Australia | 0.5 | 0.5 | 0.6 | 0.6 | 6.3% |
| Chile | 0.2 | 0.1 | 0.4 | 0.4 | 26.0% |
| South Africa | 0.3 | 0.1 | 0.2 | 0.3 | 0.0% |
| Netherlands | 0.3 | 0.3 | 0.6 | 0.3 | 0.0% |
| Others | 1.5 | 1.1 | 0.8 | 1.0 | -12.6% |
| Total | 15.1 | 7.7 | 10.8 | 13.5 | -3.7% |
Top Export Markets for Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel from Canada in 2022:
- United States (828.5 tons)
- Australia (47.4 tons)
- Chile (31.2 tons)
- Netherlands (24.0 tons)
- South Africa (20.9 tons)
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