Eastern Asia: 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 Eastern Asia

The East Asian market for tubes, pipes and hollow profiles (of iron or steel) was estimated at $X in 2021, with an increase of 1.7% against the previous year. The market value increased at an average annual rate of +2.4% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in the near future.

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

In value terms, production of tubes, pipes and hollow profiles (of iron or steel) amounted to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 17% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production of growth remained at a lower figure.

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

Exports in Eastern Asia

In 2021, approx. X tons of tubes, pipes and hollow profiles (of iron or steel) were exported in Eastern Asia; stabilizing at 2020 figures. In general, exports, however, showed a noticeable shrinkage. The growth pace was the most rapid in 2017 when exports increased by 49%. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a 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, however, recorded a pronounced downturn. Over the period under review, the exports of reached the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, China (X tons) represented the largest exporter of tubes, pipes and hollow profiles (of iron or steel), committing 71% of total exports. South Korea (X tons) held the second position in the ranking, followed by Japan (X tons). All these countries together took approx. 25% share of total exports. Taiwan (Chinese) (X tons) took a minor share of total exports.

Exports from China decreased at an average annual rate of -2.7% from 2012 to 2021. Taiwan (Chinese) experienced a relatively flat trend pattern. South Korea (-5.8%) and Japan (-11.8%) illustrated a downward trend over the same period. China (+11 p.p.) significantly strengthened its position in terms of the total exports, while South Korea and Japan saw its share reduced by -2.2% and -9.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest iron or steel pipe and tube supplier in Eastern Asia, comprising 65% of total exports. The second position in the ranking was held by Japan ($X), with a 16% share of total exports. It was followed by South Korea, with a 14% share.

In China, exports of tubes, pipes and hollow profiles (of iron or steel) remained relatively stable over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-10.2% per year) and South Korea (-4.9% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, with an increase of 26% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2018 when the export price increased by 30%. The level of export peaked in 2021 and is likely to see gradual growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.4%), while the other leaders experienced more modest paces of growth.

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

Imports in Eastern Asia

After three years of decline, supplies from abroad of tubes, pipes and hollow profiles (of iron or steel) increased by 16% to X tons in 2021. In general, imports, however, saw a mild descent. Over the period under review, imports of hit record highs at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of tubes, pipes and hollow profiles (of iron or steel) surged to $X in 2021. Overall, imports, however, continue to indicate a pronounced descent. Over the period under review, imports of hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, South Korea (X tons), distantly followed by China (X tons), Hong Kong SAR (X tons), Taiwan (Chinese) (X tons) and Japan (X tons) represented the key importers of tubes, pipes and hollow profiles (of iron or steel), together achieving 94% of total imports. Macao SAR (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Macao SAR (with a CAGR of +18.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and Taiwan (Chinese) ($X) were the countries with the highest levels of imports in 2021, with a combined 80% share of total imports. These countries were followed by Japan, Hong Kong SAR and Macao SAR, which together accounted for a further 20%.

Among the main importing countries, Macao SAR, with a CAGR of +10.8%, recorded the highest rates of growth with regard to 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 import price in Eastern Asia stood at $X per ton in 2021, increasing by 2.5% against the previous year. Overall, the import price, however, saw a slight setback. The pace of growth appeared the most rapid in 2018 when the import price increased by 11%. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+1.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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