United Kingdom: Aluminium Tube Market 2024

Aluminium Tube Market Size in the UK

The UK aluminium tube market shrank sharply to $X in 2022, waning by -31% against the previous year. Over the period under review, consumption faced a deep slump. The most prominent rate of growth was recorded in 2021 when the market value increased by 7.6% against the previous year. Aluminium tube consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Aluminium Tube Production in the UK

In value terms, aluminium tube production reduced to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt curtailment. The growth pace was the most rapid in 2018 when the production volume increased by 19% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Aluminium Tube Exports

Exports from the UK

In 2022, overseas shipments of aluminium tubes and pipes were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a abrupt setback. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, aluminium tube exports stood at $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by 35%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Poland (X tons), Germany (X tons) and the United States (X tons) were the main destinations of aluminium tube exports from the UK, together accounting for 58% of total exports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +105.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the United States ($X) were the largest markets for aluminium tube exported from the UK worldwide, together accounting for 72% of total exports. Poland, India, Ireland, the United Arab Emirates, Australia and Spain lagged somewhat behind, together comprising a further 14%.

Poland, with a CAGR of +83.2%, saw the highest rates of growth with regard to the value of exports, in terms of 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

The average aluminium tube export price stood at $X per ton in 2022, dropping by -22.3% against the previous year. Over the period under review, the export price, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2016 when the average export price increased by 72% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+12.6%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Tube Imports

Imports into the UK

In 2022, the amount of aluminium tubes and pipes imported into the UK declined dramatically to X tons, reducing by -67.5% against the previous year. In general, imports recorded a pronounced reduction. The pace of growth appeared the most rapid in 2015 with an increase of 92%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, aluminium tube imports contracted dramatically to $X in 2022. Overall, imports recorded a perceptible downturn. The pace of growth appeared the most rapid in 2016 with an increase of 64% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

Belgium (X tons), Germany (X tons) and China (X tons) were the main suppliers of aluminium tube imports to the UK, together accounting for 51% of total imports. France, Taiwan (Chinese), Turkey, Serbia, Italy, the Czech Republic and Sweden lagged somewhat behind, together comprising a further 40%.

From 2012 to 2022, the biggest increases were recorded for Serbia (with a CAGR of +1,314.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest aluminium tube suppliers to the UK were Germany ($X), Taiwan (Chinese) ($X) and Belgium ($X), with a combined 49% share of total imports. China, France, Serbia, Italy, Turkey, the Czech Republic and Sweden lagged somewhat behind, together accounting for a further 34%.

In terms of the main suppliers, Serbia, with a CAGR of +1,733.8%, saw the highest rates of growth with regard to 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

In 2022, the average aluminium tube import price amounted to $X per ton, with an increase of 63% against the previous year. Overall, the import price showed 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 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Serbia (+29.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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