Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Australia - 2024

Contents:

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

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

The average import price for tubing; flexible, with or without fittings, of base metals stood at $33,666 per ton in 2022, jumping by 105% against the previous year. Over the period under review, the import price showed a buoyant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Malaysia ($36,278 per ton) and South Korea ($34,271 per ton), while the price for Norway ($28,099 per ton) and China ($30,302 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+14.6%), 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 Australia (FOB) - 2022

In 2022, the average export price for tubing; flexible, with or without fittings, of base metals amounted to $13,053 per ton, reducing by -24% against the previous year. In general, the export price saw a slight curtailment. The growth pace was the most rapid in 2018 when the average export price increased by 36% against the previous year. The export price peaked at $21,973 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Papua New Guinea ($57,898 per ton), while the average price for exports to New Zealand ($6,931 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 the UK (+29.9%), 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 Australia

In 2022, the amount of tubing; flexible, with or without fittings, of base metals imported into Australia shrank remarkably to 2.7K tons, waning by -51.4% against 2021 figures. Over the period under review, imports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 211% against the previous year. As a result, imports attained the peak of 5.6K tons, and then fell dramatically in the following year.

In value terms, imports of tubing; flexible, with or without fittings, of base metals contracted modestly to $91M in 2022. Overall, imports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 214%. As a result, imports reached the peak of $92M, leveling off in the following year.

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

1. Malaysia (1013.1 tons)
2. United Kingdom (639.7 tons)
3. China (248.8 tons)
4. United States (189.5 tons)
5. Norway (119.8 tons)
6. Indonesia (88.0 tons)
7. South Korea (83.5 tons)
8. India (78.9 tons)
9. Germany (67.5 tons)
10. Italy (46.3 tons)
11. Denmark (18.8 tons)
12. France (7.4 tons)

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

In 2022, approx. 129 tons of tubing; flexible, with or without fittings, of base metals were exported from Australia; falling by -1.7% compared with the year before. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +5.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +78.0% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 81%. As a result, the exports attained the peak of 132 tons, and then reduced in the following year.

In value terms, exports of tubing; flexible, with or without fittings, of base metals reduced dramatically to $1.7M in 2022. Overall, exports showed a noticeable reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 68%. As a result, the exports attained the peak of $2.3M, and then contracted rapidly in the following year.

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

1. New Zealand (103.7 tons)
2. Singapore (5.0 tons)
3. United States (4.5 tons)
4. Papua New Guinea (3.7 tons)
5. Canada (2.9 tons)
6. Philippines (1.4 tons)

Source: IndexBox Market Intelligence Platform