Southern Asia: 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 Southern Asia

The South Asian market for tubes, pipes and hollow profiles (of iron or steel) reached $X in 2021, remaining stable against the previous year. In general, consumption continues to indicate a buoyant expansion. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) in Southern Asia

In value terms, production of tubes, pipes and hollow profiles (of iron or steel) dropped modestly to $X in 2021 estimated in export price. The total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +91.2% against 2012 indices. The most prominent rate of growth was recorded in 2015 with an increase of 20%. Over the period under review, production of reached the maximum level at $X in 2020, and then fell in the following year.

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

Exports in Southern Asia

Exports of tubes, pipes and hollow profiles (of iron or steel) skyrocketed to X tons in 2021, surging by 18% against the previous year's figure. Over the period under review, exports, however, saw a abrupt downturn. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, exports of tubes, pipes and hollow profiles (of iron or steel) surged to $X in 2021. In general, exports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of 17% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

India dominates steel) structure, resulting at X tons, which was approx. 96% of total exports in 2021. Pakistan (X tons) followed a long way behind the leaders.

India was also the fastest-growing in terms of the tubes, pipes and hollow profiles (of iron or steel) exports, with a CAGR of -6.3% from 2012 to 2021. Pakistan (-14.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of India increased by +5.9 percentage points.

In value terms, India ($X) remains the largest iron or steel pipe and tube supplier in Southern Asia, comprising 96% of total exports. The second position in the ranking was taken by Pakistan ($X), with a 3.2% share of total exports.

In India, exports of tubes, pipes and hollow profiles (of iron or steel) declined by an average annual rate of -5.1% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, stabilizing at the previous year. Over the last nine years, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2018 an increase of 28% against the previous year. The level of export peaked at $X per ton in 2020, and then declined in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was India ($X per ton), while Pakistan stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+3.0%).

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

Imports in Southern Asia

After two years of decline, supplies from abroad of tubes, pipes and hollow profiles (of iron or steel) increased by 13% to X tons in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 37%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of tubes, pipes and hollow profiles (of iron or steel) soared to $X in 2021. Over the period under review, imports, however, recorded a slight descent. The most prominent rate of growth was recorded in 2018 with an increase of 52%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2021, India (X tons) represented the major importer of tubes, pipes and hollow profiles (of iron or steel), mixing up 57% of total imports. It was distantly followed by Pakistan (X tons) and Bangladesh (X tons), together creating a 37% share of total imports. Sri Lanka (X tons) and Nepal (X tons) followed a long way behind the leaders.

India experienced a relatively flat trend pattern with regard to volume of imports of tubes, pipes and hollow profiles (of iron or steel). At the same time, Nepal (+37.0%), Bangladesh (+16.2%) and Pakistan (+1.5%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +37.0% from 2012-2021. By contrast, Sri Lanka (-8.2%) illustrated a downward trend over the same period. While the share of Bangladesh (+14 p.p.), Pakistan (+3 p.p.) and Nepal (+1.9 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of India (-1.9 p.p.) and Sri Lanka (-3 p.p.) displayed negative dynamics.

In value terms, India ($X) constitutes the largest market for imported tubes, pipes and hollow profiles (of iron or steel) in Southern Asia, comprising 67% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 17% share of total imports. It was followed by Pakistan, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value in India stood at -2.8%. In the other countries, the average annual rates were as follows: Bangladesh (+18.4% per year) and Pakistan (+1.8% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, growing by 5.4% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 11%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (+4.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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