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

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

In 2022, the North American market for tube or pipe fittings (of iron or steel) increased by 40% to $X, rising for the second year in a row after two years of decline. The total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +2.0% 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 +69.9% against 2020 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

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

In value terms, iron or steel tube fitting production declined modestly to $X in 2022 estimated in export price. Overall, production saw a noticeable descent. The most prominent rate of growth was recorded in 2018 when the production volume increased by 8.5%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

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

Exports in Northern America

In 2022, shipments abroad of tube or pipe fittings (of iron or steel) increased by 6.8% to X tons, rising for the second consecutive year after two years of decline. In general, exports, however, showed a perceptible contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 9.4%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, iron or steel tube fitting exports surged to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, the United States (X tons) was the key exporter of tube or pipe fittings (of iron or steel), creating 88% of total exports. It was distantly followed by Canada (X tons), mixing up a 12% share of total exports.

Exports from the United States decreased at an average annual rate of -4.5% from 2012 to 2022. Canada (-3.4%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest iron or steel tube fitting supplier in Northern America, comprising 91% of total exports. The second position in the ranking was taken by Canada ($X), with an 8.5% share of total exports.

In the United States, iron or steel tube fitting exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, rising by 13% against the previous year. Over the last decade, it increased at an average annual rate of +4.2%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.4%).

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

Imports in Northern America

In 2022, purchases abroad of tube or pipe fittings (of iron or steel) increased by 29% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, iron or steel tube fitting imports surged to $X in 2022. Total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +2.1% 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 +87.6% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) represented the largest importer of tube or pipe fittings (of iron or steel), committing 77% of total imports. It was distantly followed by Canada (X tons), comprising a 23% share of total imports.

Imports into the United States increased at an average annual rate of +1.5% from 2012 to 2022. At the same time, Canada (+1.5%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +1.5% from 2012-2022. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported tube or pipe fittings (of iron or steel) in Northern America, comprising 75% of total imports. The second position in the ranking was held by Canada ($X), with a 25% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the United States stood at +2.7%.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, rising by 15% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.2%).

Source: IndexBox Platform

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