India: Aluminium Alloy Tube Market 2024

Aluminium Alloy Tube Market Size in India

For the third year in a row, the Indian aluminium alloy tube market recorded growth in sales value, which increased by 34% to $X in 2022. In general, the total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +108.2% against 2019 indices. Aluminium alloy tube consumption peaked in 2022 and is expected to retain growth in years to come.

Aluminium Alloy Tube Exports

Exports from India

Aluminium alloy tube exports from India expanded significantly to X tons in 2022, growing by 14% compared with the previous year. In general, exports posted a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of 55% against the previous year. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, aluminium alloy tube exports skyrocketed to $X in 2022. Overall, exports showed a strong increase. The pace of growth appeared the most rapid in 2021 when exports increased by 68%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Germany (X tons), the Netherlands (X tons) and the United States (X tons) were the main destinations of aluminium alloy tube exports from India, together comprising 44% of total exports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +51.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for aluminium alloy tube exported from India were Germany ($X), the United States ($X) and the Netherlands ($X), together accounting for 43% of total exports.

In terms of the main countries of destination, the Netherlands, with a CAGR of +49.2%, 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 alloy tube export price stood at $X per ton in 2022, surging by 34% against the previous year. Overall, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aluminium alloy tube export price increased by +88.9% against 2016 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the Netherlands ($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 Brazil (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Alloy Tube Imports

Imports into India

In 2022, purchases abroad of aluminium alloy tubes and pipes increased by 45% to X tons, rising for the second year in a row after two years of decline. Overall, total imports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +105.6% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, aluminium alloy tube imports soared to $X in 2022. In general, total imports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +87.3% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 55% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of aluminium alloy tube to India, with a 58% share of total imports. Moreover, aluminium alloy tube imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), twofold. The third position in this ranking was taken by Thailand (X tons), with a 3.3% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +11.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+3.4% per year) and Thailand (-8.6% per year).

In value terms, the largest aluminium alloy tube suppliers to India were China ($X), South Korea ($X) and Thailand ($X), together comprising 83% of total imports. South Africa, Italy, the United States, Germany, Japan and Indonesia lagged somewhat behind, together accounting for a further 11%.

Italy, with a CAGR of +18.2%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average aluminium alloy tube import price stood at $X per ton in 2022, waning by -16.9% against the previous year. In general, the import price showed a mild contraction. The most prominent rate of growth was recorded in 2013 when the average import price increased by 11%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Japan ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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