Saudi Arabia: 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 Saudi Arabia

In 2021, the Saudi market for tubes, pipes and hollow profiles (of iron or steel) decreased by -65.7% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption faced a deep downturn. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

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

Exports from Saudi Arabia

In 2021, after two years of decline, there was significant growth in shipments abroad of tubes, pipes and hollow profiles (of iron or steel), when their volume increased by 56% to X tons. Over the period under review, exports, however, recorded a noticeable shrinkage. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, exports of tubes, pipes and hollow profiles (of iron or steel) soared to $X in 2021. Overall, exports, however, recorded a perceptible reduction. Over the period under review, the exports of attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), the United Arab Emirates (X tons) and Kuwait (X tons) were the main destinations of exports of tubes, pipes and hollow profiles (of iron or steel) from Saudi Arabia, together comprising 61% of total exports. Oman, Iraq, Egypt, Bahrain, Jordan, India and Algeria lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Algeria (with a CAGR of +179.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron or steel pipe and tube exported from Saudi Arabia were the United States ($X), the United Arab Emirates ($X) and Kuwait ($X), together comprising 61% of total exports. Oman, Iraq, Algeria, Egypt, Bahrain, India and Jordan lagged somewhat behind, together accounting for a further 33%.

Among the main countries of destination, Algeria, with a CAGR of +166.9%, recorded the highest rates of growth with regard to 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

In 2021, the average export price for tubes, pipes and hollow profiles (of iron or steel) amounted to $X per ton, rising by 13% against the previous year. Over the period under review, the export price, however, continues to indicate a slight downturn. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Algeria ($X per ton), while the average price for exports to Jordan ($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 Iraq (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Saudi Arabia

In 2021, the amount of tubes, pipes and hollow profiles (of iron or steel) imported into Saudi Arabia reduced markedly to X tons, which is down by -47.4% against the previous year. Over the period under review, imports faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of 17%. Over the period under review, imports of attained the peak figure 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) contracted rapidly to $X in 2021. Overall, imports showed a deep reduction. The pace of growth appeared the most rapid in 2014 with an increase of 18%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports of remained at a lower figure.

Imports by Country

China (X tons), the United Arab Emirates (X tons) and Japan (X tons) were the main suppliers of imports of tubes, pipes and hollow profiles (of iron or steel) to Saudi Arabia, together comprising 51% of total imports. India, Jordan, Germany, Oman, Brazil, Italy, France, South Korea, Argentina and Austria lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +43.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and Germany ($X) were the largest iron or steel pipe and tube suppliers to Saudi Arabia, together comprising 46% of total imports. The United Arab Emirates, India, Jordan, Oman, Italy, France, Brazil, South Korea, Austria and Argentina lagged somewhat behind, together accounting for a further 35%.

Brazil, with a CAGR of +35.1%, saw the highest growth rate of the value of imports, among 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 import price for tubes, pipes and hollow profiles (of iron or steel) stood at $X per ton in 2021, growing by 37% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while the price for Brazil ($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 (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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