Global Aluminium Tube or Pipe Fittings Market to See Modest Growth with 1.1% CAGR in Volume and 3.5% CAGR in Value from 2024 to 2030

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The market for aluminium tube or pipe fittings is projected to experience steady growth over the next six years, with a forecasted CAGR of +1.1% for volume and +3.5% for value from 2024 to 2030.

Market Forecast

Driven by increasing demand for aluminium tube or pipe fittings worldwide, the market is expected to continue an upward consumption trend over the next six-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +1.1% for the period from 2024 to 2030, which is projected to bring the market volume to 374K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.5% for the period from 2024 to 2030, which is projected to bring the market value to $5.4B (in nominal wholesale prices) by the end of 2030.

Consumption

World Consumption of Aluminium Tube Or Pipe Fittings

After three years of growth, consumption of aluminium tube or pipe fittings decreased by -9.2% to 350K tons in 2024. The total consumption volume increased at an average annual rate of +2.6% from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak volume of 386K tons, and then contracted in the following year.

The global aluminium pipe fittings market revenue dropped to $4.4B in 2024, waning by -2.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.0% over the period from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked at $4.6B in 2015; however, from 2016 to 2024, consumption stood at a somewhat lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2024 were China (52K tons), Finland (50K tons) and the United States (42K tons), together accounting for 41% of global consumption.

From 2013 to 2024, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Finland (with a CAGR of +61.5%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest aluminium pipe fittings markets worldwide were the United States ($786M), China ($544M) and Japan ($465M), with a combined 41% share of the global market. Turkey, Finland, Brazil, India, the Netherlands, Russia and Pakistan lagged somewhat behind, together comprising a further 23%.

In terms of the main consuming countries, Finland, with a CAGR of +61.5%, recorded the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2024, the highest levels of aluminium pipe fittings per capita consumption was registered in Finland (9 kg per person), followed by the Netherlands (0.5 kg per person), Turkey (0.2 kg per person) and the United States (0.1 kg per person), while the world average per capita consumption of aluminium pipe fittings was estimated at less than 0.1 kg per person.

In Finland, aluminium pipe fittings per capita consumption increased at an average annual rate of +61.3% over the period from 2013-2024. In the other countries, the average annual rates were as follows: the Netherlands (+3.0% per year) and Turkey (-7.8% per year).

Production

World Production of Aluminium Tube Or Pipe Fittings

After three years of growth, production of aluminium tube or pipe fittings decreased by -10.7% to 355K tons in 2024. The total output volume increased at an average annual rate of +3.0% over the period from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2023 with an increase of 28% against the previous year. As a result, production attained the peak volume of 397K tons, and then declined in the following year.

In value terms, aluminium pipe fittings production expanded slightly to $4.1B in 2024 estimated in export price. The total output value increased at an average annual rate of +1.9% over the period from 2013 to 2024; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by 16%. Over the period under review, global production reached the peak level at $4.4B in 2015; however, from 2016 to 2024, production stood at a somewhat lower figure.

Production By Country

The countries with the highest volumes of production in 2024 were China (86K tons), Finland (51K tons) and the United States (41K tons), together accounting for 50% of global production.

From 2013 to 2024, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Finland (with a CAGR of +42.0%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Aluminium Tube Or Pipe Fittings

In 2024, supplies from abroad of aluminium tube or pipe fittings was finally on the rise to reach 77K tons after two years of decline. The total import volume increased at an average annual rate of +1.3% from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 33% against the previous year. As a result, imports reached the peak of 80K tons. From 2022 to 2024, the growth of global imports remained at a lower figure.

In value terms, aluminium pipe fittings imports shrank to $1.2B in 2024. The total import value increased at an average annual rate of +3.4% over the period from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 25% against the previous year. Global imports peaked at $1.2B in 2023, and then contracted in the following year.

Imports By Country

The United States (9.9K tons) and Mexico (6.9K tons) were the key importers of aluminium tube or pipe fittings in 2024, reaching approx. 13% and 9% of total imports, respectively. It was distantly followed by Indonesia (4.3K tons), Spain (4.2K tons), Malaysia (3.9K tons) and Canada (3.9K tons), together committing a 21% share of total imports. The Czech Republic (3.2K tons), Germany (2.8K tons), the Philippines (2.4K tons) and France (2K tons) held a relatively small share of total imports.

From 2013 to 2024, the biggest increases were recorded for Malaysia (with a CAGR of +10.8%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest aluminium pipe fittings importing markets worldwide were Mexico ($151M), the United States ($109M) and Canada ($81M), together comprising 29% of global imports. Germany, the Czech Republic, Spain, France, Indonesia, Malaysia and the Philippines lagged somewhat behind, together comprising a further 21%.

In terms of the main importing countries, the Czech Republic, with a CAGR of +12.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2024, the average aluminium pipe fittings import price amounted to $14,998 per ton, declining by -3% against the previous year. Over the period from 2013 to 2024, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2022 when the average import price increased by 18% against the previous year. Global import price peaked at $15,460 per ton in 2023, and then declined modestly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($23,185 per ton), while Indonesia ($2,880 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by France (+3.7%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Aluminium Tube Or Pipe Fittings

In 2024, shipments abroad of aluminium tube or pipe fittings decreased by -5.9% to 82K tons for the first time since 2020, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +2.8% from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of 27% against the previous year. Over the period under review, the global exports attained the peak figure at 87K tons in 2023, and then contracted in the following year.

In value terms, aluminium pipe fittings exports dropped modestly to $1.2B in 2024. Overall, total exports indicated a perceptible expansion from 2013 to 2024: its value increased at an average annual rate of +4.0% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, exports increased by +42.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 25%. Over the period under review, the global exports hit record highs at $1.2B in 2023, and then fell modestly in the following year.

Exports By Country

China represented the main exporting country with an export of about 35K tons, which resulted at 43% of total exports. The United States (8.6K tons) held the second position in the ranking, followed by India (5.8K tons) and Italy (5.5K tons). All these countries together held approx. 24% share of total exports. The following exporters - South Korea (2.5K tons), Turkey (2.5K tons), Germany (2.2K tons), the Netherlands (2.1K tons), the Czech Republic (1.5K tons) and Mexico (1.3K tons) - together made up 15% of total exports.

From 2013 to 2024, average annual rates of growth with regard to aluminium pipe fittings exports from China stood at +6.0%. At the same time, India (+35.3%), the Czech Republic (+24.2%), Italy (+9.0%), Turkey (+6.2%), South Korea (+4.8%), the Netherlands (+3.0%) and Germany (+1.4%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of +35.3% from 2013-2024. The United States experienced a relatively flat trend pattern. By contrast, Mexico (-3.7%) illustrated a downward trend over the same period. From 2013 to 2024, the share of China, India, Italy and the Czech Republic increased by +12, +6.8, +3.2 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($387M) remains the largest aluminium pipe fittings supplier worldwide, comprising 32% of global exports. The second position in the ranking was held by the United States ($187M), with a 16% share of global exports. It was followed by Germany, with a 7.6% share.

From 2013 to 2024, the average annual growth rate of value in China totaled +7.7%. The remaining exporting countries recorded the following average annual rates of exports growth: the United States (+1.4% per year) and Germany (+4.2% per year).

Export Prices By Country

The average aluminium pipe fittings export price stood at $14,616 per ton in 2024, picking up by 2.2% against the previous year. Over the period from 2013 to 2024, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2015 when the average export price increased by 7.1% against the previous year. The global export price peaked in 2024 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($40,453 per ton), while India ($6,083 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Mexico (+3.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform