U.S. - Aluminium Tubes, Pipes And Tube Or Pipe Fittings - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMay 2023 Sees U.S. Aluminium Tube Exports Surge by 11% to $49M on Average
U.S. Aluminium Tube Exports
In May 2023, exports of aluminium tubes, pipes and tube or pipe fittings from the United States expanded rapidly to 5.2K tons, growing by 12% on April 2023 figures. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 when exports increased by 22% against the previous month.
In value terms, aluminium tube exports rose remarkably to $49M (IndexBox estimates) in May 2023. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in January 2023 when exports increased by 28% against the previous month.
COUNTRY | Export Value of Aluminium Tube in U.S. (million USD) | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | |
Mexico | 28.0 | 25.3 | 23.8 | 25.7 | 23.5 | 22.5 | 19.6 | 16.8 | 23.7 | 24.5 | 28.3 | 25.6 | 29.3 |
Canada | 10.4 | 10.8 | 10.6 | 10.8 | 10.8 | 10.0 | 9.0 | 7.8 | 9.6 | 10.1 | 12.0 | 10.2 | 10.6 |
Others | 11.5 | 8.3 | 8.1 | 9.7 | 9.4 | 10.2 | 9.0 | 8.1 | 8.4 | 7.9 | 11.2 | 8.7 | 9.5 |
Total | 50.0 | 44.4 | 42.5 | 46.2 | 43.7 | 42.8 | 37.6 | 32.7 | 41.7 | 42.6 | 51.5 | 44.5 | 49.4 |
Exports by Country
Mexico (3.7K tons) was the main destination for aluminium tube exports from the United States, with a 71% share of total exports. Moreover, aluminium tube exports to Mexico exceeded the volume sent to the second major destination, Canada (945 tons), fourfold.
From May 2022 to May 2023, the average monthly rate of growth in terms of volume to Mexico was relatively modest.
In value terms, Mexico ($29M) remains the key foreign market for aluminium tube exports from the United States, comprising 59% of total exports. The second position in the ranking was taken by Canada ($11M), with a 21% share of total exports.
From May 2022 to May 2023, the average monthly rate of growth in terms of value to Mexico was relatively modest.
Exports by Type
Aluminium; tubes and pipes (4.4K tons) was the largest type of aluminium tube exported from the United States, accounting for a 85% share of total exports. Moreover, aluminium; tubes and pipes exceeded the volume of the second product type, aluminium tube or pipe fittings (801 tons), sixfold.
From May 2022 to May 2023, the average monthly growth rate of the volume of export of aluminium; tubes and pipes was relatively modest.
In value terms, the most traded types of aluminium tubes, pipes and tube or pipe fittings in the United States were aluminium; tubes and pipes ($32M) and aluminium tube or pipe fittings ($17M).
Aluminium pipe fittings, with a CAGR of +0.7%, saw the highest growth rate of the value of exports, in terms of the main product categories over the period under review.
Export Prices by Country
In May 2023, the aluminium tube price amounted to $9,465 per ton (FOB, US), leveling off at the previous month. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in January 2023 an increase of 4.8% against the previous month. Over the period under review, the average export prices reached the peak figure at $10,001 per ton in November 2022; however, from December 2022 to May 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major foreign markets. In May 2023, the country with the highest price was Canada ($11,193 per ton), while the average price for exports to Mexico stood at $7,855 per ton.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+0.5%).
This report provides an in-depth analysis of the aluminium tube market in the U.S.. 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 24422630 - Aluminium tubes and pipes (excluding hollow profiles, tube or pipe fittings, flexible tubing, tubes and pipes prepared for use in structures, machinery or vehicle parts, or the like)
- Prodcom 24422650 - Aluminium alloy tubes and pipes (excluding hollow profiles, t ubes or pipe fittings, flexible tubing, tubes and pipes prepared for use in structures, machinery or vehicle parts, or the like)
- Prodcom 24422670 - Aluminium tube or pipe fittings (including couplings, elbows and sleeves) (excluding fittings with taps, cocks and valves, t ube supports, bolts and nuts, clamps)
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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.
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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
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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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
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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
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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
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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
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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
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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