Price for Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in Singapore - 2023

Contents:

1. Price for Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in Singapore (CIF) - 2022
2. Price for Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in Singapore (FOB) - 2023
3. Imports of Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in Singapore
4. Exports of Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in Singapore

Price for Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in Singapore (CIF) - 2022

The average import price for tube or pipe threaded elbows, bends and sleeves, other than stainless steels stood at $7,952 per ton in 2022, falling by -19.9% against the previous year. Overall, the import price continues to indicate a slight decrease. The pace of growth was the most pronounced in 2013 when the average import price increased by 12% against the previous year. As a result, import price attained the peak level of $10,522 per ton. From 2014 to 2022, the average import prices remained at a lower figure.

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 ($38,933 per ton), while the price for China ($4,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in Singapore (FOB) - 2023

In June 2023, the average export price for tube or pipe threaded elbows, bends and sleeves, other than stainless steels amounted to $19,990 per ton, shrinking by -2.2% against the previous month. In general, the export price showed a noticeable contraction. The pace of growth appeared the most rapid in March 2023 when the average export price increased by 193% month-to-month. The export price peaked at $44,944 per ton in July 2022; however, from August 2022 to June 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In June 2023, the country with the highest price was the Philippines ($302K per ton), while the average price for exports to Malaysia ($6,670 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+13.9%), 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 Singapore

In 2022, the amount of tube or pipe threaded elbows, bends and sleeves, other than stainless steels imported into Singapore soared to 1.6K tons, picking up by 31% against 2021 figures. Overall, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +7.1% 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 +60.3% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of tube or pipe threaded elbows, bends and sleeves, other than stainless steels expanded rapidly to $13M in 2022. The total import value increased at an average annual rate of +2.2% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 23% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the near future.

Top Suppliers of Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel to Singapore in 2022:

1. China (982.9 tons)
2. Thailand (275.1 tons)
3. United States (109.4 tons)
4. Malaysia (108.8 tons)
5. South Korea (38.5 tons)
6. Taiwan (Chinese) (25.6 tons)
7. Indonesia (21.5 tons)

Exports of Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in Singapore

In 2022, shipments abroad of tube or pipe threaded elbows, bends and sleeves, other than stainless steels was finally on the rise to reach 713 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, saw a pronounced decrease.

In value terms, exports of tube or pipe threaded elbows, bends and sleeves, other than stainless steels expanded modestly to $12M in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 6.4% against the previous year.

Top Export Markets for Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel from Singapore in 2022:

1. Malaysia (390.2 tons)
2. Indonesia (70.0 tons)
3. Thailand (41.2 tons)
4. United States (29.7 tons)
5. Philippines (20.0 tons)
6. Australia (17.5 tons)
7. Hong Kong SAR (12.5 tons)
8. China (11.3 tons)
9. Sweden (9.8 tons)
10. India (8.0 tons)
11. South Korea (5.9 tons)
12. Vietnam (5.8 tons)
13. South Africa (3.0 tons)

Source: IndexBox Market Intelligence Platform