Republic of Korea - Tube Or Pipe Fittings (Of Iron Or Steel) - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingPrice for Iron or Steel Tube Fitting in South Korea - 2022
Contents:
- Price for Iron or Steel Tube Fitting in South Korea (FOB) - 2022
- Price for Iron or Steel Tube Fitting in South Korea (CIF) - 2022
- Exports of Iron or Steel Tube Fitting in South Korea
- Imports of Iron or Steel Tube Fitting in South Korea
Price for Iron or Steel Tube Fitting in South Korea (FOB) - 2022
The average export price for tube or pipe fittings (of iron or steel) stood at $8,337 per ton in December 2022, surging by 3.5% against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2022 when the average export price increased by 12% m-o-m. The export price peaked at $8,743 per ton in December 2021; however, from January 2022 to December 2022, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was China ($29,577 per ton), while the average price for exports to Qatar ($4,670 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Iron or Steel Tube Fitting in South Korea (CIF) - 2022
In 2022, the average import price for tube or pipe fittings (of iron or steel) amounted to $4,025 per ton, with a decrease of -6.4% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by 16% against the previous year. The import price peaked at $4,947 per ton in 2014; however, from 2015 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 Vietnam ($4,355 per ton), while the price for China stood at $2,846 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+6.7%).
Exports of Iron or Steel Tube Fitting in South Korea
In 2022, the amount of tube or pipe fittings (of iron or steel) exported from South Korea dropped to 148K tons, with a decrease of -1.9% on 2021. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 8%. As a result, the exports attained the peak of 151K tons, and then fell in the following year.
In value terms, iron or steel tube fitting exports shrank to $940M in 2022. Over the period under review, exports continue to indicate a slight curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 13%. As a result, the exports attained the peak of $995M, and then shrank in the following year.
| Export of Iron or Steel Tube Fitting in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 252 | 143 | 210 | 224 | -3.9% |
| China | 116 | 136 | 128 | 90.0 | -8.1% |
| Japan | 106 | 93.2 | 109 | 74.6 | -11.1% |
| Myanmar | 0.4 | 0.5 | 0.1 | 46.6 | 388.4% |
| United Arab Emirates | 61.7 | 59.6 | 38.6 | 42.9 | -11.4% |
| Indonesia | 14.4 | 33.5 | 45.5 | 35.0 | 34.5% |
| Saudi Arabia | 39.4 | 38.5 | 42.4 | 33.5 | -5.3% |
| Vietnam | 31.4 | 39.0 | 31.3 | 33.2 | 1.9% |
| Canada | 18.1 | 22.9 | 21.9 | 29.4 | 17.6% |
| Mexico | 11.7 | 10.1 | 35.0 | 27.0 | 32.1% |
| India | 28.8 | 24.7 | 27.1 | 27.0 | -2.1% |
| Thailand | 23.0 | 35.1 | 20.1 | 21.6 | -2.1% |
| Iran | 9.7 | 14.6 | 15.8 | 12.0 | 7.4% |
| Others | 259 | 233 | 270 | 243 | -2.1% |
| Total | 972 | 884 | 995 | 940 | -1.1% |
Top Export Markets for Iron or Steel Tube Fitting from South Korea in 2022:
- United States (39.2K tons)
- United Arab Emirates (10.2K tons)
- Japan (7.9K tons)
- Myanmar (7.7K tons)
- Vietnam (7.1K tons)
- Saudi Arabia (6.9K tons)
- Indonesia (6.7K tons)
- China (6.1K tons)
- Canada (4.8K tons)
- Mexico (4.2K tons)
- India (4.2K tons)
- Iran (4.1K tons)
- Thailand (4.1K tons)
Imports of Iron or Steel Tube Fitting in South Korea
In 2022, overseas purchases of tube or pipe fittings (of iron or steel) increased by 1% to 106K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a abrupt setback.
In value terms, iron or steel tube fitting imports shrank to $427M in 2022. In general, imports, however, recorded a perceptible downturn. The growth pace was the most rapid in 2021 with an increase of 12% against the previous year.
| Import of Iron or Steel Tube Fitting in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 278 | 240 | 266 | 278 | 0.0% |
| Vietnam | 7.5 | 10.5 | 10.5 | 11.7 | 16.0% |
| Others | 171 | 152 | 174 | 137 | -7.1% |
| Total | 456 | 402 | 451 | 427 | -2.2% |
Top Suppliers of Iron or Steel Tube Fitting to South Korea in 2022:
- China (97.6K tons)
- Vietnam (2.7K tons)
This report provides an in-depth analysis of the market for iron or steel tube fitting in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24204010 - Flanges, of steel (excluding cast fittings)
- Prodcom 24204030 - Elbows, bends, couplings, sleeves and other threaded tube or pipe fittings, of steel (excluding cast fittings)
- Prodcom 24204050 - Elbows, bends, couplings and sleeves and other socket welding tube or pipe fittings, of steel (excluding cast fittings)
- Prodcom 24204073 - Butt welding elbows and bends, for tubes or pipes, of steel (excluding cast fittings)
- Prodcom 24204075 - Butt welding tube or pipe fittings, other than elbows and bends, of steel (excluding cast fittings)
- Prodcom 24513030 - Tube or pipe fittings, of non-malleable cast iron
- Prodcom 24513050 - Tube or pipe fittings of malleable cast iron
- Prodcom 24523000 - Tube or pipe fittings of cast steel
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
480
This report provides an in-depth analysis of the market for iron or steel tube fitting in Republic of Korea.
244
This report provides an in-depth analysis of the market for tube or pipe fittings of cast steel in Republic of Korea.
283
This report provides an in-depth analysis of the market for tube or pipe fittings of malleable cast iron in Republic of Korea.
311
This report provides an in-depth analysis of the market for non-malleable cast iron pipe fittings in Republic of Korea.
1249
This report provides an in-depth analysis of the global market for iron or steel tube fitting.
435
Global Cast Steel Pipe Fittings Market Report 2018. This report provides an in-depth analysis of the global market for cast steel pipe fittings.
416
Global Market for Malleable Cast Iron Pipe Fittings. This report provides an in-depth analysis of the global market for malleable cast iron pipe fittings.
428
This report provides an in-depth analysis of the global market for non-malleable cast iron pipe fittings.
480
This report provides an in-depth analysis of the market for iron or steel tube fitting in Republic of Korea.
244
This report provides an in-depth analysis of the market for tube or pipe fittings of cast steel in Republic of Korea.
136
Discover the top import markets for iron or steel tube fittings and key statistics in this comprehensive article. Find out which countries lead the industry and their import values. Explore opportunities for exporters in the global market.
3785
Global Steel Pipe Fitting Market: In 2017, the volume of the global steel tube fittings consumption stood at approx. X tons. After a noticeable contraction in 2009, the volume of consumption recovered over the next three years and then levelled of
1386
Global tube or pipe fitting imports stood at X tons in 2016, moving up by X% against the previous year figure. Overall, it indicated a remarkable growth from 2007 to 2016: the total imports volume...
1023
Global tube or pipe fitting imports stood at X tons in 2016, moving up by X% against the previous year figure. Overall, it indicated a remarkable growth from 2007 to 2016: the total imports volume...
1216
In 2014, the U.S. (X%), and distantly Canada (X%), Germany (X%) and Japan (X%) were the leading destinations of steel tube fittings imports, together making up X% of global imports in physical terms. The share of the U.S. increased, while t
136
Discover the top import markets for iron or steel tube fittings and key statistics in this comprehensive article. Find out which countries lead the industry and their import values. Explore opportunities for exporters in the global market.
3785
Global Steel Pipe Fitting Market: In 2017, the volume of the global steel tube fittings consumption stood at approx. X tons. After a noticeable contraction in 2009, the volume of consumption recovered over the next three years and then levelled of
1386
Global tube or pipe fitting imports stood at X tons in 2016, moving up by X% against the previous year figure. Overall, it indicated a remarkable growth from 2007 to 2016: the total imports volume...
1023
Global tube or pipe fitting imports stood at X tons in 2016, moving up by X% against the previous year figure. Overall, it indicated a remarkable growth from 2007 to 2016: the total imports volume...
1216
In 2014, the U.S. (X%), and distantly Canada (X%), Germany (X%) and Japan (X%) were the leading destinations of steel tube fittings imports, together making up X% of global imports in physical terms. The share of the U.S. increased, while t
