South-Eastern Asia: Market for Base Metal Flexible Tubing, Iron Or Steel 2025

Market Size for Base Metal Flexible Tubing, Iron Or Steel in South-Eastern Asia

The Southeast Asian base metal flexible tubing market skyrocketed to $X in 2021, picking up by 22% against the previous year. The total consumption indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -11.1% against 2017 indices. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Production of Base Metal Flexible Tubing, Iron Or Steel in South-Eastern Asia

In value terms, base metal flexible tubing production rose sharply to $X in 2021 estimated in export price. Overall, production enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of 33% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Exports of Base Metal Flexible Tubing, Iron Or Steel

Exports in South-Eastern Asia

In 2021, overseas shipments of base metal flexible tubing, iron or steel were finally on the rise to reach X tons after two years of decline. Overall, exports, however, saw a abrupt slump. The pace of growth was the most pronounced in 2013 when exports increased by 30%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, base metal flexible tubing exports soared to $X in 2021. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by 47%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

In 2021, Thailand (X tons) represented the key exporter of base metal flexible tubing, iron or steel, constituting 56% of total exports. Singapore (X tons) held a 28% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (14%). Vietnam (X tons) took a minor share of total exports.

Exports from Thailand decreased at an average annual rate of -7.7% from 2012 to 2021. Singapore (-4.8%), Malaysia (-8.3%) and Vietnam (-10.0%) illustrated a downward trend over the same period. Singapore (+6.2 p.p.) significantly strengthened its position in terms of the total exports, while Thailand saw its share reduced by -1.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest base metal flexible tubing supplier in South-Eastern Asia, comprising 68% of total exports. The second position in the ranking was taken by Thailand ($X), with a 19% share of total exports. It was followed by Malaysia, with a 7.7% share.

In Singapore, base metal flexible tubing exports increased at an average annual rate of +5.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Thailand (-1.4% per year) and Malaysia (-14.1% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, jumping by 17% against the previous year. Export price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, base metal flexible tubing export price increased by +54.7% against 2018 indices. The pace of growth appeared the most rapid in 2019 when the export price increased by 30% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+10.3%), while the other leaders experienced more modest paces of growth.

Imports of Base Metal Flexible Tubing, Iron Or Steel

Imports in South-Eastern Asia

In 2021, supplies from abroad of base metal flexible tubing, iron or steel was finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. In general, imports, however, continue to indicate a perceptible descent. The growth pace was the most rapid in 2014 with an increase of 45%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, base metal flexible tubing imports surged to $X in 2021. Over the period under review, imports continue to indicate a slight expansion. The growth pace was the most rapid in 2014 when imports increased by 104% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Thailand (X tons), distantly followed by Indonesia (X tons), the Philippines (X tons), Malaysia (X tons), Singapore (X tons) and Vietnam (X tons) represented the main importers of base metal flexible tubing, iron or steel, together committing 97% of total imports. Cambodia (X tons) took a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Cambodia (with a CAGR of +75.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest base metal flexible tubing importing markets in South-Eastern Asia were Singapore ($X), Indonesia ($X) and Malaysia ($X), together accounting for 72% of total imports. These countries were followed by Thailand, Vietnam, the Philippines and Cambodia, which together accounted for a further 27%.

Cambodia, with a CAGR of +46.8%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per ton, stabilizing at the previous year. Import price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, base metal flexible tubing import price decreased by -31.5% against 2018 indices. The most prominent rate of growth was recorded in 2017 an increase of 46% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+15.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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