India: Market for Tube Or Pipe Fittings (Of Iron Or Steel) 2025

Market Size for Tube Or Pipe Fittings (Of Iron Or Steel) in India

In 2022, the Indian market for tube or pipe fittings (of iron or steel) decreased by -10.4% to $X, falling for the third year in a row after eight years of growth. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Tube Or Pipe Fittings (Of Iron Or Steel) in India

In value terms, iron or steel tube fitting production dropped modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by 24% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Exports of Tube Or Pipe Fittings (Of Iron Or Steel)

Exports from India

In 2022, overseas shipments of tube or pipe fittings (of iron or steel) increased by 19% to X tons, rising for the second year in a row after two years of decline. Over the period under review, total exports indicated a pronounced increase 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, exports increased by +93.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 62%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, iron or steel tube fitting exports skyrocketed to $X in 2022. Overall, total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +107.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 56%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for iron or steel tube fitting exports from India, with a 61% share of total exports. Moreover, iron or steel tube fitting exports to the United States exceeded the volume sent to the second major destination, Canada (X tons), more than tenfold. The third position in this ranking was held by the United Arab Emirates (X tons), with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+3.3% per year) and the United Arab Emirates (+4.0% per year).

In value terms, the United States ($X) remains the key foreign market for tube or pipe fittings (of iron or steel) exports from India, comprising 50% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 5.3% share of total exports. It was followed by the Netherlands, with a 4.7% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +4.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+6.1% per year) and the Netherlands (+12.7% per year).

Export Prices by Country

In 2022, the average export price for tube or pipe fittings (of iron or steel) amounted to $X per ton, growing by 12% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2019 an increase of 13% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices failed to regain momentum.

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 Belgium ($X per ton), while the average price for exports to Nepal ($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 Nepal (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tube Or Pipe Fittings (Of Iron Or Steel)

Imports into India

Iron or steel tube fitting imports into India surged to X tons in 2022, growing by 18% on 2021. The total import volume increased at an average annual rate of +3.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when imports increased by 31%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, iron or steel tube fitting imports amounted to $X in 2022. The total import value increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 25% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest iron or steel tube fitting supplier to India, accounting for a 76% share of total imports. Moreover, iron or steel tube fitting imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), more than tenfold. The third position in this ranking was taken by the United States (X tons), with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-4.2% per year) and the United States (-1.2% per year).

In value terms, China ($X) constituted the largest supplier of tube or pipe fittings (of iron or steel) to India, comprising 36% of total imports. The second position in the ranking was taken by the United States ($X), with a 16% share of total imports. It was followed by South Korea, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+6.9% per year) and South Korea (+2.7% per year).

Import Prices by Country

In 2022, the average import price for tube or pipe fittings (of iron or steel) amounted to $X per ton, shrinking by -14.1% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 30%. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($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 (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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