United Kingdom: Market for Base Metal Flexible Tubing, Iron Or Steel 2025

Market Size for Base Metal Flexible Tubing, Iron Or Steel in the UK

In 2021, after four years of growth, there was significant decline in the UK base metal flexible tubing market, when its value decreased by -10.8% to $X. In general, consumption recorded a resilient expansion. Over the period under review, the market reached the peak level at $X in 2020, and then reduced in the following year.

Production of Base Metal Flexible Tubing, Iron Or Steel in the UK

In value terms, base metal flexible tubing production fell to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 35%. Base metal flexible tubing production peaked at $X in 2020, and then dropped in the following year.

Exports of Base Metal Flexible Tubing, Iron Or Steel

Exports from the UK

For the seventh consecutive year, the UK recorded decline in shipments abroad of base metal flexible tubing, iron or steel, which decreased by -15.5% to X tons in 2021. Overall, exports continue to indicate a abrupt slump. The growth pace was the most rapid in 2014 when exports increased by 100%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, base metal flexible tubing exports shrank to $X in 2021. Over the period under review, exports saw a slight contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 128%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Qatar (X tons), Canada (X tons) and the United Arab Emirates (X tons) were the main destinations of base metal flexible tubing exports from the UK, together accounting for 41% of total exports. The Netherlands, France, the Czech Republic, China, Italy, Australia, India, Egypt, Sweden and South Africa lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2021, the biggest increases were recorded for Egypt (with a CAGR of +17.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for base metal flexible tubing exported from the UK were Canada ($X), Sweden ($X) and France ($X), together comprising 51% of total exports.

Canada, with a CAGR of +16.0%, saw the highest rates of growth with regard to 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, rising by 5.1% against the previous year. Over the period under review, the export price saw a remarkable increase. The growth pace was the most rapid in 2017 when the average export price increased by 42% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Sweden ($X per ton), while the average price for exports to South Africa ($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 Sweden (+50.5%), 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 UK

For the third year in a row, the UK recorded growth in purchases abroad of base metal flexible tubing, iron or steel, which increased by 12% to X tons in 2021. Over the period under review, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +5.6% 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 +9.4% against 2017 indices. The growth pace was the most rapid in 2015 with an increase of 33% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in years to come.

In value terms, base metal flexible tubing imports shrank markedly to $X in 2021. In general, imports, however, saw a mild decline. The pace of growth was the most pronounced in 2014 when imports increased by 29% against the previous year. Imports peaked at $X in 2020, and then fell remarkably in the following year.

Imports by Country

China (X tons), Israel (X tons) and Turkey (X tons) were the main suppliers of base metal flexible tubing imports to the UK, together comprising 85% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Israel (with a CAGR of +41.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest base metal flexible tubing suppliers to the UK were China ($X), Israel ($X) and Turkey ($X), together comprising 60% of total imports.

Israel, with a CAGR of +42.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average base metal flexible tubing import price amounted to $X per ton, shrinking by -24.9% against the previous year. In general, the import price showed a abrupt downturn. The growth pace was the most rapid in 2020 when the average import price increased by 19% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+47.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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