Asia: Metal Flexible Tubing Market 2024

Metal Flexible Tubing Market Size in Asia

The Asian metal flexible tubing market amounted to $X in 2021, rising by 2.9% against the previous year. The market value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Metal Flexible Tubing Production in Asia

In value terms, metal flexible tubing production rose modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 13%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Metal Flexible Tubing Exports

Exports in Asia

In 2021, the amount of iron or steel flexible tubing exported in Asia soared to X tons, jumping by 46% compared with 2020 figures. Overall, exports saw resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal flexible tubing exports soared to $X in 2021. In general, exports continue to indicate a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, China (X tons) was the key exporter of iron or steel flexible tubing, comprising 69% of total exports. It was distantly followed by Turkey (X tons), India (X tons) and South Korea (X tons), together generating a 26% share of total exports. Taiwan (Chinese) (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to metal flexible tubing exports from China stood at +13.0%. At the same time, Taiwan (Chinese) (+17.2%), Turkey (+15.9%), India (+10.1%) and South Korea (+6.3%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Asia, with a CAGR of +17.2% from 2012-2021. While the share of China (+11 p.p.) and Turkey (+4.2 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of South Korea (-2.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest metal flexible tubing supplier in Asia, comprising 52% of total exports. The second position in the ranking was taken by Turkey ($X), with a 19% share of total exports. It was followed by South Korea, with a 9.5% share.

From 2012 to 2021, the average annual growth rate of value in China totaled +15.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (+15.0% per year) and South Korea (+9.7% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, increasing by 3.9% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 7.5%. Over the period under review, the export prices reached the maximum in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was South Korea ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.2%), while the other leaders experienced more modest paces of growth.

Metal Flexible Tubing Imports

Imports in Asia

In 2021, approx. X tons of iron or steel flexible tubing were imported in Asia; increasing by 43% against 2020 figures. Total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal flexible tubing imports skyrocketed to $X in 2021. Total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, India (X tons), distantly followed by Saudi Arabia (X tons), Japan (X tons), South Korea (X tons), the United Arab Emirates (X tons), Indonesia (X tons), Taiwan (Chinese) (X tons) and China (X tons) were the major importers of iron or steel flexible tubing, together generating 74% of total imports. Singapore (X tons), Turkey (X tons), Vietnam (X tons), Hong Kong SAR (X tons) and Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Taiwan (Chinese) (with a CAGR of +19.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and Saudi Arabia ($X) were the countries with the highest levels of imports in 2021, together accounting for 38% of total imports. These countries were followed by Japan, India, Turkey, the United Arab Emirates, Taiwan (Chinese), Vietnam, Singapore, Indonesia, Malaysia and Hong Kong SAR, which together accounted for a further 51%.

Among the main importing countries, Taiwan (Chinese), with a CAGR of +20.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, surging by 6.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2016 an increase of 39% against the previous year. Over the period under review, import prices hit record highs in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was China ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+14.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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