Price for Tubing; Flexible, with or Without Fittings, of Base Metal in China - 2023

Contents:

1. Price for Tubing; Flexible, with or Without Fittings, of Base Metal in China (FOB) - 2023
2. Price for Tubing; Flexible, with or Without Fittings, of Base Metal in China (CIF) - 2022
3. Exports of Tubing; Flexible, with or Without Fittings, of Base Metal in China
4. Imports of Tubing; Flexible, with or Without Fittings, of Base Metal in China

Price for Tubing; Flexible, with or Without Fittings, of Base Metal in China (FOB) - 2023

In December 2023, the average export price for tubing; flexible, with or without fittings, of base metals amounted to $5,500 per ton, surging by 3.4% against the previous month. In general, the export price, however, showed a slight reduction. The pace of growth was the most pronounced in February 2023 an increase of 18% m-o-m. As a result, the export price attained the peak level of $6,524 per ton. From March 2023 to December 2023, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was Japan ($8,773 per ton), while the average price for exports to Oman ($1,281 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+0.7%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Tubing; Flexible, with or Without Fittings, of Base Metal in China (CIF) - 2022

In 2022, the average import price for tubing; flexible, with or without fittings, of base metals amounted to $49,679 per ton, rising by 34% against the previous year. In general, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for tubing; flexible, with or without fittings, of base metals increased by +50.0% against 2019 indices. The pace of growth appeared the most rapid in 2017 an increase of 38%. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($106,293 per ton), while the price for India ($8,889 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 (+20.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Tubing; Flexible, with or Without Fittings, of Base Metal in China

After three years of growth, shipments abroad of tubing; flexible, with or without fittings, of base metals decreased by -0.9% to 92K tons in 2022. In general, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +13.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +45.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 40%. As a result, the exports reached the peak of 93K tons, leveling off in the following year.

In value terms, exports of tubing; flexible, with or without fittings, of base metals rose sharply to $568M in 2022. Over the period under review, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 48% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the near future.

Top Export Markets for Tubing; Flexible, with or Without Fittings, of Base Metal from China in 2022:

1. United States (13.0K tons)
2. India (12.2K tons)
3. Vietnam (4.1K tons)
4. Indonesia (3.9K tons)
5. Japan (3.5K tons)
6. South Korea (3.5K tons)
7. Thailand (3.3K tons)
8. Taiwan (Chinese) (2.8K tons)
9. Philippines (2.6K tons)
10. Mexico (2.3K tons)
11. Egypt (2.0K tons)
12. United Arab Emirates (2.0K tons)
13. Pakistan (1.9K tons)

Imports of Tubing; Flexible, with or Without Fittings, of Base Metal in China

In 2022, approx. 2.4K tons of tubing; flexible, with or without fittings, of base metals were imported into China; waning by -25.5% on the year before. Over the period under review, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 30%. As a result, imports reached the peak of 3.2K tons, and then plummeted in the following year.

In value terms, imports of tubing; flexible, with or without fittings, of base metals shrank slightly to $120M in 2022. The total import value increased at an average annual rate of +8.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 17%. As a result, imports reached the peak of $120M, leveling off in the following year.

Top Suppliers of Tubing; Flexible, with or Without Fittings, of Base Metal to China in 2022:

1. Malaysia (503.2 tons)
2. United Kingdom (481.8 tons)
3. Japan (365.4 tons)
4. Germany (229.8 tons)
5. United States (214.7 tons)
6. India (122.3 tons)
7. South Korea (122.2 tons)

Source: IndexBox Market Intelligence Platform