Overview of the Global Market for Tubes, Pipes And Hollow Profiles (Of Iron Or Steel)

Market Size for Tubes, Pipes And Hollow Profiles (Of Iron Or Steel)

The global market for tubes, pipes and hollow profiles (of iron or steel) expanded significantly to $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the market value increased by X%. Over the period under review, the global market attained the maximum level in 2022 and is likely to see gradual growth in the immediate term.

Production of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel)

In value terms, production of tubes, pipes and hollow profiles (of iron or steel) declined slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. Over the period under review, global production of attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Exports of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel)

Exports

In 2022, overseas shipments of tubes, pipes and hollow profiles (of iron or steel) increased by X% to X tons, rising for the second year in a row after three years of decline. Overall, exports, however, continue to indicate a noticeable decline. The most prominent rate of growth was recorded in 2017 with an increase of X%. The global exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of tubes, pipes and hollow profiles (of iron or steel) surged to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the global exports of attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, China (X tons) was the major exporter of tubes, pipes and hollow profiles (of iron or steel), making up X% of total exports. Italy (X tons) took the second position in the ranking, followed by Turkey (X tons), Germany (X tons) and South Korea (X tons). All these countries together held approx. X% share of total exports. Russia (X tons), India (X tons), Japan (X tons), Mexico (X tons), the United Arab Emirates (X tons), the United States (X tons), Spain (X tons) and Canada (X tons) held a minor share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of tubes, pipes and hollow profiles (of iron or steel). At the same time, the United Arab Emirates (X%), Spain (X%), Turkey (X%) and Mexico (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. Russia and Italy experienced a relatively flat trend pattern. By contrast, Canada (X%), South Korea (X%), India (X%), Germany (X%), the United States (X%) and Japan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, the United Arab Emirates and Turkey increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest iron or steel pipe and tube supplier worldwide, comprising X% of global exports. The second position in the ranking was held by Italy ($X), with a X% share of global exports. It was followed by Germany, with a X% share.

In China, exports of tubes, pipes and hollow profiles (of iron or steel) increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (X% per year) and Germany (X% per year).

Export Prices by Country

In 2022, the average export price for tubes, pipes and hollow profiles (of iron or steel) amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Russia ($X 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 (X%), while the other global leaders experienced more modest paces of growth.

Imports of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel)

Imports

In 2022, purchases abroad of tubes, pipes and hollow profiles (of iron or steel) increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, continue to indicate a mild contraction. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Global imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, imports of tubes, pipes and hollow profiles (of iron or steel) surged to $X in 2022. Overall, imports, however, showed a mild curtailment. Global imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons), distantly followed by Germany (X tons), Kuwait (X tons) and Canada (X tons) were the main importers of tubes, pipes and hollow profiles (of iron or steel), together achieving X% of total imports. France (X tons), the United Arab Emirates (X tons), Poland (X tons), Italy (X tons), the Netherlands (X tons), Indonesia (X tons), Australia (X tons), the UK (X tons) and Thailand (X tons) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to iron or steel pipe and tube imports into the United States stood at X%. At the same time, Kuwait (X%) and Poland (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. Italy, Germany, Thailand and France experienced a relatively flat trend pattern. By contrast, the Netherlands (X%), Canada (X%), the UK (X%), Australia (X%), the United Arab Emirates (X%) and Indonesia (X%) illustrated a downward trend over the same period. Kuwait (X p.p.) significantly strengthened its position in terms of the global imports, while the United States saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported tubes, pipes and hollow profiles (of iron or steel) worldwide, comprising X% of global imports. The second position in the ranking was held by Germany ($X), with a X% share of global imports. It was followed by Canada, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States amounted to X%. In the other countries, the average annual rates were as follows: Germany (X% per year) and Canada (X% per year).

Import Prices by Country

In 2022, the average import price for tubes, pipes and hollow profiles (of iron or steel) amounted to $X per ton, increasing by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in the UK ($X per ton) and Indonesia ($X per ton), while Kuwait ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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