ASEAN: 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 ASEAN

In 2021, the ASEAN market for tubes, pipes and hollow profiles (of iron or steel) was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The total consumption indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -16.4% against 2018 indices. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

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

In value terms, production of tubes, pipes and hollow profiles (of iron or steel) expanded significantly to $X in 2021 estimated in export price. The total production indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -17.6% against 2018 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by 45% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production of growth failed to regain momentum.

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

Exports in ASEAN

In 2021, overseas shipments of tubes, pipes and hollow profiles (of iron or steel) decreased by -3.5% to X tons, falling for the third consecutive year after two years of growth. Overall, exports recorded a abrupt setback. The pace of growth was the most pronounced in 2018 with an increase of 38%. The volume of export 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) surged to $X in 2021. Over the period under review, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2018 when exports increased by 57%. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Vietnam (X tons), distantly followed by Thailand (X tons), Malaysia (X tons), Indonesia (X tons) and Singapore (X tons) represented the largest exporters of tubes, pipes and hollow profiles (of iron or steel), together committing 99% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Vietnam (with a CAGR of +4.2%), while the other leaders experienced a decline in the exports figures.

In value terms, the largest iron or steel pipe and tube supplying countries in ASEAN were Vietnam ($X), Thailand ($X) and Singapore ($X), with a combined 71% share of total exports.

Vietnam, with a CAGR of +5.9%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2021, the export price in ASEAN amounted to $X per ton, surging by 26% against the previous year. Overall, the export price showed a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per ton in 2013; afterwards, it flattened through to 2021.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+3.3%), while the other leaders experienced more modest paces of growth.

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

Imports in ASEAN

In 2021, supplies from abroad of tubes, pipes and hollow profiles (of iron or steel) decreased by -16.5% to X tons, falling for the third year in a row after two years of growth. Overall, imports showed a drastic downturn. The growth pace was the most rapid in 2018 when imports increased by 9.2%. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, imports of tubes, pipes and hollow profiles (of iron or steel) dropped to $X in 2021. Over the period under review, imports recorded a deep slump. The pace of growth appeared the most rapid in 2018 with an increase of 35% against the previous year. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Indonesia (X tons), Thailand (X tons), the Philippines (X tons), Singapore (X tons), Malaysia (X tons), Vietnam (X tons) and Myanmar (X tons) was the largest importer of tubes, pipes and hollow profiles (of iron or steel) in ASEAN, making up 95% of total import.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Philippines (with a CAGR of +18.3%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest iron or steel pipe and tube importing markets in ASEAN were Indonesia ($X), Thailand ($X) and Singapore ($X), with a combined 59% share of total imports. These countries were followed by Vietnam, Malaysia, the Philippines and Myanmar, which together accounted for a further 36%.

The Philippines, with a CAGR of +13.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2021, growing by 5.9% against the previous year. Over the period under review, the import price, however, saw a pronounced slump. The most prominent rate of growth was recorded in 2018 when the import price increased by 24% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+0.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform