China: Aluminium Tube Market 2024

Aluminium Tube Market Size in China

In 2022, the Chinese aluminium tube market was finally on the rise to reach $X for the first time since 2016, thus ending a five-year declining trend. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Aluminium tube consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Aluminium Tube Production in China

In value terms, aluminium tube production fell to $X in 2022 estimated in export price. In general, the total production indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by +0.7% against 2020 indices. The pace of growth was the most pronounced in 2014 when the production volume increased by 36%. Aluminium tube production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Aluminium Tube Exports

Exports from China

In 2022, after two years of growth, there was significant decline in overseas shipments of aluminium tubes and pipes, when their volume decreased by -8.5% to X tons. Over the period under review, exports, however, enjoyed a temperate increase. The pace of growth appeared the most rapid in 2014 when exports increased by 145% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, aluminium tube exports stood at $X in 2022. Overall, exports, however, saw a remarkable increase. The growth pace was the most rapid in 2014 when exports increased by 130% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Thailand (X tons), India (X tons) and Mexico (X tons) were the main destinations of aluminium tube exports from China, with a combined 37% share of total exports. Bangladesh, Vietnam, Malaysia, South Africa, the United States, South Korea, Russia, Indonesia, Pakistan and the United Arab Emirates lagged somewhat behind, together comprising a further 42%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Africa (with a CAGR of +48.1%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), India ($X) and South Korea ($X) appeared to be the largest markets for aluminium tube exported from China worldwide, with a combined 33% share of total exports. Bangladesh, Mexico, the United States, Vietnam, South Africa, Russia, the United Arab Emirates, Indonesia, Malaysia and Pakistan lagged somewhat behind, together accounting for a further 43%.

Among the main countries of destination, South Africa, with a CAGR of +46.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average aluminium tube export price stood at $X per ton in 2022, rising by 14% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2016 an increase of 34% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Tube Imports

Imports into China

In 2022, approx. X tons of aluminium tubes and pipes were imported into China; falling by -33.9% compared with the previous year. In general, imports saw a sharp slump. The pace of growth was the most pronounced in 2020 when imports increased by 50%. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, aluminium tube imports declined notably to $X in 2022. Over the period under review, imports faced a drastic downturn. The growth pace was the most rapid in 2019 with an increase of 39%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

South Korea (X tons), Japan (X tons) and Austria (X tons) were the main suppliers of aluminium tube imports to China, with a combined 77% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +36.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), South Korea ($X) and Austria ($X) constituted the largest aluminium tube suppliers to China, together accounting for 77% of total imports.

Austria, with a CAGR of +53.6%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average aluminium tube import price amounted to $X per ton, with an increase of 21% against the previous year. Overall, the import price enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2021 an increase of 62%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+17.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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