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

Contents:

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

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

The average import price for tubing; flexible, with or without fittings, of base metals stood at $10,421 per ton in 2022, with an increase of 1.9% against the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.9% 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 decreased by -23.7% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 40% against the previous year. Over the period under review, average import prices hit record highs at $13,652 per ton in 2020; however, from 2021 to 2022, 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 UK ($108,438 per ton), while the price for China ($2,125 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+20.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for tubing; flexible, with or without fittings, of base metals stood at $32,396 per ton in 2022, increasing by 31% against the previous year. Overall, the export price enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2014 an increase of 72%. The export price peaked at $36,188 per ton in 2020; however, from 2021 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 Taiwan (Chinese) ($130,976 per ton), while the average price for exports to Qatar ($3,169 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 Brunei Darussalam (+20.3%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, approx. 3.7K tons of tubing; flexible, with or without fittings, of base metals were imported into Singapore; increasing by 25% against the previous year. Overall, imports, however, continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 65%.

In value terms, imports of tubing; flexible, with or without fittings, of base metals surged to $39M in 2022. Over the period under review, imports, however, showed a abrupt setback.

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

1. China (2982.0 tons)
2. United States (166.7 tons)
3. Malaysia (119.5 tons)
4. India (96.1 tons)
5. South Korea (51.4 tons)
6. Denmark (20.4 tons)
7. United Kingdom (11.5 tons)

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

In 2022, the amount of tubing; flexible, with or without fittings, of base metals exported from Singapore soared to 655 tons, jumping by 26% against the previous year's figure. Overall, exports, however, recorded a dramatic curtailment. The growth pace was the most rapid in 2021 when exports increased by 64%.

In value terms, exports of tubing; flexible, with or without fittings, of base metals soared to $21M in 2022. Over the period under review, exports, however, faced a deep contraction.

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

1. Indonesia (211.6 tons)
2. Malaysia (124.1 tons)
3. Brazil (89.5 tons)
4. Australia (26.4 tons)
5. Taiwan (Chinese) (25.5 tons)
6. Thailand (18.6 tons)
7. United Arab Emirates (18.5 tons)
8. Qatar (14.9 tons)
9. Angola (14.3 tons)
10. India (11.1 tons)
11. Bangladesh (10.0 tons)
12. Brunei Darussalam (9.9 tons)
13. Russia (0.7 tons)

Source: IndexBox Market Intelligence Platform