U.S.: Market for Base Metal Flexible Tubing, Iron Or Steel 2025

Market Size for Base Metal Flexible Tubing, Iron Or Steel in the U.S.

The U.S. base metal flexible tubing market amounted to $X in 2021, picking up by 6.8% against the previous year. Overall, consumption continues to indicate prominent growth. Over the period under review, the market reached the maximum level in 2021 and is likely to see steady growth in years to come.

Production of Base Metal Flexible Tubing, Iron Or Steel in the U.S.

In value terms, base metal flexible tubing production amounted to $X in 2021. Over the period under review, production recorded resilient growth. The most prominent rate of growth was recorded in 2015 when the production volume increased by 27%. Over the period under review, production hit record highs at $X in 2019; afterwards, it flattened through to 2021.

Exports of Base Metal Flexible Tubing, Iron Or Steel

Exports from the U.S.

In 2021, shipments abroad of base metal flexible tubing, iron or steel was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a mild decrease. The pace of growth appeared the most rapid in 2013 with an increase of 83%. 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 rose sharply to $X in 2021. The total export value increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 51%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Mexico (X tons), Canada (X tons) and China (X tons) were the main destinations of base metal flexible tubing exports from the United States, with a combined 71% share of total exports. These countries were followed by Indonesia, India, Nigeria, Germany, the United Arab Emirates, South Korea and Brazil, which together accounted for a further 13%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Nigeria (with a CAGR of +95.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for base metal flexible tubing exported from the United States were Mexico ($X), Canada ($X) and Germany ($X), with a combined 45% share of total exports. South Korea, China, Indonesia, India, Nigeria, the United Arab Emirates and Brazil lagged somewhat behind, together accounting for a further 23%.

Nigeria, with a CAGR of +86.7%, recorded the highest growth rate of the value of exports, among the main countries of destination 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 base metal flexible tubing export price amounted to $X per ton, waning by -9.7% against the previous year. In general, export price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 an increase of 83%. Over the period under review, the average export prices attained the maximum at $X per ton in 2016; however, from 2017 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, the country with the highest price was Germany ($X per ton), while the average price for exports to Canada ($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 Brazil (+23.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Base Metal Flexible Tubing, Iron Or Steel

Imports into the U.S.

In 2021, approx. X tons of base metal flexible tubing, iron or steel were imported into the United States; jumping by 22% against the previous year. In general, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 34%. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in the immediate term.

In value terms, base metal flexible tubing imports soared to $X in 2021. Over the period under review, imports saw buoyant growth. The pace of growth was the most pronounced in 2018 when imports increased by 33% against the previous year. Imports peaked in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Israel (X tons) constituted the largest base metal flexible tubing supplier to the United States, with a 39% share of total imports. Moreover, base metal flexible tubing imports from Israel exceeded the figures recorded by the second-largest supplier, South Korea (X tons), threefold. The third position in this ranking was held by Canada (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from Israel amounted to +61.4%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+5.9% per year) and Canada (+10.8% per year).

In value terms, Israel ($X), South Korea ($X) and Canada ($X) were the largest base metal flexible tubing suppliers to the United States, together comprising 62% of total imports.

In terms of the main suppliers, Israel, with a CAGR of +68.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average base metal flexible tubing import price stood at $X per ton in 2021, growing by 6.2% against the previous year. Over the period under review, the import price, however, recorded a pronounced curtailment. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was South Korea ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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