Price for Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in Hong Kong SAR - 2024
Contents:
- Price for Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in Hong Kong SAR (FOB) - 2022
- Price for Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in Hong Kong SAR (CIF) - 2024
- Exports of Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in Hong Kong SAR
- Imports of Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in Hong Kong SAR
Price for Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in Hong Kong SAR (FOB) - 2022
The average export price for tube or pipe threaded elbows, bends and sleeves, other than stainless steels stood at $9,875 per ton in 2022, which is down by -22% against the previous year. Over the period under review, the export price showed a mild curtailment. The growth pace was the most rapid in 2021 an increase of 49%. Over the period under review, the average export prices hit record highs at $20,458 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($11,486 per ton), while the average price for exports to Guam ($4,670 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 (+6.6%), while the prices for the other major destinations experienced a decline.
Price for Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in Hong Kong SAR (CIF) - 2024
The average import price for tube or pipe threaded elbows, bends and sleeves, other than stainless steels stood at $4,396 per ton in March 2024, which is down by -16.9% against the previous month. In general, the import price recorded a perceptible decline. The growth pace was the most rapid in June 2023 an increase of 192% m-o-m. The import price peaked at $9,609 per ton in December 2023; however, from January 2024 to March 2024, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From March 2023 to March 2024, the rate of growth in terms of prices for Italy amounted to +5.6% per month.
Exports of Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in Hong Kong SAR
In 2022, the amount of tube or pipe threaded elbows, bends and sleeves, other than stainless steels exported from Hong Kong SAR skyrocketed to 436 tons, picking up by 272% on the previous year. Overall, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of tube or pipe threaded elbows, bends and sleeves, other than stainless steels skyrocketed to $4.3M in 2022. Over the period under review, exports showed a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of 218% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,393 | 345 | 516 | 3,914 | 17.8% |
| United States | 39.0 | 17.9 | 865 | 181 | 66.8% |
| Macao SAR | 22.9 | 18.8 | 34.8 | 160 | 91.2% |
| Guam | 36.2 | 35.7 | 36.6 | 26.9 | -9.4% |
| Sudan | 58.1 | N/A | N/A | N/A | 0% |
| Others | 62.8 | 49.9 | 33.2 | 25.5 | -25.9% |
| Total | 2,612 | 467 | 1,486 | 4,308 | 18.2% |
Top Export Markets for Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel from Hong Kong SAR in 2022:
- China (383.4 tons)
- Macao SAR (30.2 tons)
- United States (15.8 tons)
- Guam (5.8 tons)
Imports of Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in Hong Kong SAR
In 2022, imports of tube or pipe threaded elbows, bends and sleeves, other than stainless steels into Hong Kong SAR shrank modestly to 538 tons, which is down by -4.5% compared with the previous year. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 23% against the previous year. As a result, imports reached the peak of 563 tons, and then dropped modestly in the following year.
In value terms, imports of tube or pipe threaded elbows, bends and sleeves, other than stainless steels amounted to $2.3M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +11.7% 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 +57.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 57% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.2 | 1.0 | 2.0 | 2.1 | 20.5% |
| Others | 0.5 | 0.4 | 0.3 | 0.2 | -26.3% |
| Total | 1.7 | 1.5 | 2.3 | 2.3 | 10.6% |
Top Suppliers of Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel to Hong Kong SAR in 2022:
- China (535.8 tons)
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