China: Market for Base Metal Flexible Tubing, Iron Or Steel 2025

Market Size for Base Metal Flexible Tubing, Iron Or Steel in China

For the third consecutive year, the Chinese base metal flexible tubing market recorded decline in sales value, which decreased by -0.9% to $X in 2021. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Production of Base Metal Flexible Tubing, Iron Or Steel in China

In value terms, base metal flexible tubing production declined to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 49% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Exports of Base Metal Flexible Tubing, Iron Or Steel

Exports from China

In 2021, overseas shipments of base metal flexible tubing, iron or steel increased by 9.5% to X tons, rising for the fifth consecutive year after two years of decline. Over the period under review, total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +57.0% against 2016 indices. The pace of growth was the most pronounced in 2014 when exports increased by 28% against the previous year. The exports peaked in 2021 and are likely to continue growth in the near future.

In value terms, base metal flexible tubing exports surged to $X in 2021. In general, exports showed a prominent expansion. The growth pace was the most rapid in 2020 with an increase of 26% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), Pakistan (X tons) and Indonesia (X tons) were the main destinations of base metal flexible tubing exports from China, with a combined 32% share of total exports. These countries were followed by Japan, Mexico, the Philippines, India, Hong Kong SAR, Thailand, Vietnam, Malaysia, the UK and Egypt, which together accounted for a further 33%.

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 +25.7%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for base metal flexible tubing, iron or steel exports from China, comprising 23% of total exports. The second position in the ranking was taken by Mexico ($X), with a 5.3% share of total exports. It was followed by India, with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +18.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+25.2% per year) and India (+0.5% per year).

Export Prices by Country

The average base metal flexible tubing export price stood at $X per ton in 2021, with an increase of 13% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.3%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was India ($X per ton), while the average price for exports to Pakistan ($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 Malaysia (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Base Metal Flexible Tubing, Iron Or Steel

Imports into China

In 2021, supplies from abroad of base metal flexible tubing, iron or steel decreased by -10.7% to X tons, falling for the third year in a row after three years of growth. Over the period under review, total imports indicated temperate growth from 2012 to 2021: its volume increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -32.9% against 2018 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 55%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, base metal flexible tubing imports expanded modestly to $X in 2021. Overall, total imports indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -24.2% against 2019 indices. The growth pace was the most rapid in 2016 with an increase of 16%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

The United States (X tons), Spain (X tons) and South Korea (X tons) were the main suppliers of base metal flexible tubing imports to China, together comprising 66% of total imports. Japan, Germany, Ukraine, the UK, Taiwan (Chinese), Vietnam, the Netherlands and Mexico lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +213.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest base metal flexible tubing suppliers to China were the United States ($X), Spain ($X) and Japan ($X), together comprising 56% of total imports. Germany, South Korea, Mexico, the UK, the Netherlands, Vietnam, Ukraine and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 28%.

Among the main suppliers, Vietnam, with a CAGR of +305.6%, 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

The average base metal flexible tubing import price stood at $X per ton in 2021, with an increase of 16% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 20% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Mexico ($X per ton), while the price for Ukraine ($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 (+30.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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