United Kingdom: Market for Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) 2025

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

The UK market for tubes, pipes and hollow profiles (of iron or steel) soared to $X in 2021, with an increase of 59% against the previous year. Over the period under review, consumption, however, showed a abrupt descent. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

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

In value terms, production of tubes, pipes and hollow profiles (of iron or steel) surged to $X in 2021 estimated in export price. Over the period under review, production, however, saw a abrupt descent. Over the period under review, production of attained the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

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

Exports from the UK

Exports of tubes, pipes and hollow profiles (of iron or steel) from the UK fell to X tons in 2021, waning by -13.6% compared with 2020. In general, exports saw a noticeable contraction. The growth pace was the most rapid in 2020 with an increase of 41% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of tubes, pipes and hollow profiles (of iron or steel) rose sharply to $X in 2021. Overall, exports saw a deep downturn. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), the United States (X tons) and Ireland (X tons) were the main destinations of exports of tubes, pipes and hollow profiles (of iron or steel) from the UK, together comprising 52% of total exports. Sweden, Norway, India, the Netherlands, Italy, Finland, Poland, Belgium, France and Denmark lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +18.0%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and Norway ($X) constituted the largest markets for iron or steel pipe and tube exported from the UK worldwide, together accounting for 35% of total exports. Ireland, India, Sweden, the Netherlands, Italy, Poland, France, Belgium, Denmark and Finland lagged somewhat behind, together comprising a further 39%.

India, with a CAGR of +20.9%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for tubes, pipes and hollow profiles (of iron or steel) stood at $X per ton in 2021, with an increase of 30% against the previous year. Overall, the export price, however, continues to indicate a perceptible reduction. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into the UK

In 2021, purchases abroad of tubes, pipes and hollow profiles (of iron or steel) decreased by -6.5% to X tons, falling for the fourth year in a row after two years of growth. In general, imports recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2014 when imports increased by 19% against the previous year. Over the period under review, imports of attained the peak figure at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of tubes, pipes and hollow profiles (of iron or steel) declined modestly to $X in 2021. Overall, imports saw a pronounced decline. The pace of growth appeared the most rapid in 2017 with an increase of 22%. Over the period under review, imports of hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Turkey (X tons) constituted the largest iron or steel pipe and tube supplier to the UK, with a 35% share of total imports. Moreover, imports of tubes, pipes and hollow profiles (of iron or steel) from Turkey exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was held by the United Arab Emirates (X tons), with a 9.7% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.7% per year) and the United Arab Emirates (+9.4% per year).

In value terms, Turkey ($X), Italy ($X) and Germany ($X) appeared to be the largest iron or steel pipe and tube suppliers to the UK, with a combined 44% share of total imports. These countries were followed by the United Arab Emirates, France, China, the Netherlands, Japan, Spain, India, the Czech Republic and the United States, which together accounted for a further 36%.

The United Arab Emirates, with a CAGR of +9.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for tubes, pipes and hollow profiles (of iron or steel) amounted to $X per ton, growing by 2.7% against the previous year. Overall, the import price, however, continues to indicate a slight decline. The pace of growth appeared the most rapid in 2017 when the average import price increased by 22%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :