Southern Asia: Market for Base Metal Flexible Tubing, Iron Or Steel 2025

Market Size for Base Metal Flexible Tubing, Iron Or Steel in Southern Asia

The South Asian base metal flexible tubing market declined modestly to $X in 2021, which is down by -1.7% against the previous year. The market value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2020, and then declined slightly in the following year.

Production of Base Metal Flexible Tubing, Iron Or Steel in Southern Asia

In value terms, base metal flexible tubing production contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 12% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then reduced modestly in the following year.

Exports of Base Metal Flexible Tubing, Iron Or Steel

Exports in Southern Asia

In 2021, overseas shipments of base metal flexible tubing, iron or steel increased by 44% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2018 with an increase of 73% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, base metal flexible tubing exports reduced to $X in 2021. Over the period under review, exports, however, recorded a abrupt slump. The pace of growth appeared the most rapid in 2018 when exports increased by 66%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The biggest shipments were from India (X tons), together recording 100% of total export.

India was also the fastest-growing in terms of the base metal flexible tubing, iron or steel exports, with a CAGR of -9.7% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest base metal flexible tubing supplier in Southern Asia.

From 2012 to 2021, the average annual growth rate of value in India amounted to -14.1%.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, dropping by -35.6% against the previous year. Over the period under review, the export price saw a pronounced reduction. The pace of growth appeared the most rapid in 2020 an increase of 29% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to -4.9% per year.

Imports of Base Metal Flexible Tubing, Iron Or Steel

Imports in Southern Asia

Base metal flexible tubing imports dropped to X tons in 2021, with a decrease of -5.2% compared with the year before. In general, imports, however, continue to indicate a pronounced increase. The pace of growth appeared the most rapid in 2020 with an increase of 99%. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, base metal flexible tubing imports reduced to $X in 2021. Total imports indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +31.4% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of 59%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Pakistan (X tons) was the major importer of base metal flexible tubing, iron or steel, making up 67% of total imports. It was distantly followed by India (X tons) and Nepal (X tons), together creating a 27% share of total imports. The following importers - Bangladesh (X tons) and Sri Lanka (X tons) - together made up 5.9% of total imports.

From 2012 to 2021, average annual rates of growth with regard to base metal flexible tubing imports into Pakistan stood at +11.0%. At the same time, Nepal (+44.4%), Bangladesh (+20.8%) and Sri Lanka (+7.2%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +44.4% from 2012-2021. By contrast, India (-8.0%) illustrated a downward trend over the same period. While the share of Pakistan (+32 p.p.), Nepal (+5.2 p.p.) and Bangladesh (+2.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of India (-39.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported base metal flexible tubing, iron or steel in Southern Asia, comprising 61% of total imports. The second position in the ranking was taken by Pakistan ($X), with a 29% share of total imports. It was followed by Bangladesh, with a 5.6% share.

In India, base metal flexible tubing imports remained relatively stable over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (+8.7% per year) and Bangladesh (+24.2% per year).

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, with an increase of 5.4% against the previous year. Over the period under review, the import price, however, recorded a mild descent. The most prominent rate of growth was recorded in 2014 when the import price increased by 23%. Over the period under review, import prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was India ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+7.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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