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

Contents:

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

Price for Tubing; Flexible, with or Without Fittings, of Base Metal in the United States (CIF) - 2023

In December 2023, the average import price for tubing; flexible, with or without fittings, of base metals amounted to $11,255 per ton, remaining stable against the previous month. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 when the average import price increased by 28% m-o-m. As a result, import price attained the peak level of $13,567 per ton. From May 2023 to December 2023, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was France ($20,563 per ton), while the price for China ($7,004 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Canada (+0.5%), while the prices for the other major suppliers experienced a decline.

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

The average export price for tubing; flexible, with or without fittings, of base metals stood at $38,330 per ton in December 2023, picking up by 32% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In December 2023, the country with the highest price was the UK ($110K per ton), while the average price for exports to Saudi Arabia ($7,216 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 the UK (+18.8%), 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 the United States

In 2022, approx. 36K tons of tubing; flexible, with or without fittings, of base metals were imported into the United States; growing by 11% compared with the previous year. Overall, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +16.1% 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 +56.3% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 40% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, imports of tubing; flexible, with or without fittings, of base metals surged to $355M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +17.0% 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 +82.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 44% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

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

1. China (13.4K tons)
2. Mexico (4.8K tons)
3. Israel (3.9K tons)
4. South Korea (3.2K tons)
5. India (2.2K tons)
6. Taiwan (Chinese) (2.0K tons)
7. Canada (1.9K tons)

Exports of Tubing; Flexible, with or Without Fittings, of Base Metal in the United States

In 2022, approx. 10K tons of tubing; flexible, with or without fittings, of base metals were exported from the United States; rising by 4.8% against the previous year. In general, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 7.8%.

In value terms, exports of tubing; flexible, with or without fittings, of base metals soared to $299M in 2022. The total export value increased at an average annual rate of +7.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Canada (4.8K tons)
2. Mexico (1.8K tons)
3. Saudi Arabia (0.7K tons)
4. United Kingdom (0.3K tons)
5. China (0.3K tons)
6. Australia (0.2K tons)
7. India (0.2K tons)
8. United Arab Emirates (0.1K tons)

Source: IndexBox Market Intelligence Platform