Price for Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in South Korea - 2022
Contents:
- Price for Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in South Korea (FOB) - 2022
- Price for Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in South Korea (CIF) - 2022
- Exports of Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in South Korea
- Imports of Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in South Korea
Price for Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in South Korea (FOB) - 2022
In December 2022, the average export price for tube or pipe threaded elbows, bends and sleeves, other than stainless steels amounted to $5,003 per ton, with a decrease of -11.3% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 when the average export price increased by 16% m-o-m. Over the period under review, the average export prices reached the maximum at $6,414 per ton in February 2022; however, from March 2022 to December 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In December 2022, the country with the highest price was Japan ($14,313 per ton), while the average price for exports to the United States ($3,939 per ton) was amongst the lowest.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+0.1%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in South Korea (CIF) - 2022
The average import price for tube or pipe threaded elbows, bends and sleeves, other than stainless steels stood at $4,422 per ton in 2022, growing by 19% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 50% against the previous year. As a result, import price reached the peak level of $6,740 per ton. From 2017 to 2022, the average import prices failed to regain momentum.
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 ($43,047 per ton), while the price for China ($3,827 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in South Korea
In 2022, approx. 18K tons of tube or pipe threaded elbows, bends and sleeves, other than stainless steels were exported from South Korea; picking up by 127% compared with the previous year's figure. Overall, exports recorded a significant expansion. 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 surged to $89M in 2022. In general, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 25.6 | 9.6 | 21.7 | 60.8 | 33.4% |
| Japan | 9.2 | 6.4 | 9.1 | 8.0 | -4.6% |
| United Kingdom | 3.8 | 3.0 | 7.2 | 4.4 | 5.0% |
| China | 2.3 | 1.9 | 2.2 | 2.6 | 4.2% |
| Others | 10.1 | 11.8 | 11.9 | 13.4 | 9.9% |
| Total | 51.1 | 32.7 | 52.1 | 89.3 | 20.5% |
Top Export Markets for Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel from South Korea in 2022:
- United States (15.4K tons)
- Japan (0.6K tons)
- United Kingdom (0.4K tons)
- China (0.2K tons)
Imports of Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in South Korea
In 2022, purchases abroad of tube or pipe threaded elbows, bends and sleeves, other than stainless steels decreased by -8% to 5.3K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 44% against the previous year.
In value terms, imports of tube or pipe threaded elbows, bends and sleeves, other than stainless steels expanded rapidly to $23M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +17.5% 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 +62.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 41% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in years to come.
| Import of Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.8 | 9.5 | 15.9 | 19.8 | 36.4% |
| United States | 3.1 | 2.2 | 1.7 | 1.2 | -27.1% |
| Others | 3.4 | 3.4 | 3.8 | 2.3 | -12.2% |
| Total | 14.4 | 15.1 | 21.3 | 23.3 | 17.4% |
Top Suppliers of Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel to South Korea in 2022:
- China (5.2K tons)
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