China: Aluminium Pipe Fittings Market 2024

Aluminium Pipe Fittings Market Size in China

After three years of growth, the Chinese aluminium pipe fittings market decreased by -13.7% to $X in 2021. The market value increased at an average annual rate of +3.5% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2020, and then fell in the following year.

Aluminium Pipe Fittings Production in China

In value terms, aluminium pipe fittings production totaled $X in 2021 estimated in export price. Over the period under review, the total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -0.2% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 29%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Aluminium Pipe Fittings Exports

Exports from China

In 2021, overseas shipments of aluminium tube or pipe fittings increased by 34% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +8.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when exports increased by 54%. The exports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, aluminium pipe fittings exports soared to $X in 2021. Overall, exports showed a strong expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 69% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons), Mexico (X tons) and Germany (X tons) were the main destinations of aluminium pipe fittings exports from China, with a combined 40% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +21.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for aluminium pipe fittings exported from China were the United States ($X), Mexico ($X) and Germany ($X), together accounting for 43% of total exports.

Mexico, with a CAGR of +27.5%, recorded the highest rates of growth with regard to 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 aluminium pipe fittings export price stood at $X per ton in 2021, surging by 7.8% against the previous year. Over the last nine years, it increased at an average annual rate of +5.3%. The most prominent rate of growth was recorded in 2014 when the average export price increased by 21% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Italy ($X per ton), while the average price for exports to the United Arab Emirates ($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 Poland (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Pipe Fittings Imports

Imports into China

Aluminium pipe fittings imports into China dropped to X tons in 2021, reducing by -13.1% compared with the previous year. Overall, imports, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2016 with an increase of 199% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, aluminium pipe fittings imports soared to $X in 2021. In general, imports, however, posted strong growth. The most prominent rate of growth was recorded in 2016 with an increase of 182% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of aluminium pipe fittings to China, with a 40% share of total imports. Moreover, aluminium pipe fittings imports from the United States exceeded the figures recorded by the second-largest supplier, South Korea (X tons), threefold. The third position in this ranking was held by Germany (X tons), with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at +10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+2.3% per year) and Germany (+20.6% per year).

In value terms, the largest aluminium pipe fittings suppliers to China were the United States ($X), Germany ($X) and Japan ($X), together accounting for 45% of total imports. These countries were followed by South Korea, Belgium, Taiwan (Chinese), Italy and Thailand, which together accounted for a further 19%.

Belgium, with a CAGR of +62.8%, recorded the highest rates of growth with regard to the value of imports, among 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 aluminium pipe fittings import price amounted to $X per ton, rising by 48% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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