Overview of the Global Market for Tubes, Pipes And Hollow Profiles (Of Iron Or Steel)

Market Size for Tubes, Pipes And Hollow Profiles (Of Iron Or Steel)

After two years of decline, the global market for tubes, pipes and hollow profiles (of iron or steel) increased by 8.8% to $X in 2021. The market value increased at an average annual rate of +1.0% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2018 when the market value increased by 8.8% against the previous year. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the global market failed to regain momentum.

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

In value terms, production of tubes, pipes and hollow profiles (of iron or steel) rose notably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 24%. Over the period under review, global production of reached the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

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

Exports

In 2021, shipments abroad of tubes, pipes and hollow profiles (of iron or steel) increased by 5.4% to X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports, however, recorded a noticeable descent. The most prominent rate of growth was recorded in 2017 with an increase of 28% against the previous year. Over the period under review, the global exports of attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, exports of tubes, pipes and hollow profiles (of iron or steel) surged to $X in 2021. In general, exports, however, recorded a perceptible shrinkage. Over the period under review, the global exports of reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, China (X tons), distantly followed by Italy (X tons), Germany (X tons), Turkey (X tons), Russia (X tons) and South Korea (X tons) represented the key exporters of tubes, pipes and hollow profiles (of iron or steel), together making up 53% of total exports. The following exporters - India (X tons), Japan (X tons), the United States (X tons), Spain (X tons), Canada (X tons), Mexico (X tons) and the United Arab Emirates (X tons) - together made up 16% of total exports.

Exports from China decreased at an average annual rate of -2.7% from 2012 to 2021. At the same time, the United Arab Emirates (+6.7%) and Russia (+2.0%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the world, with a CAGR of +6.7% from 2012-2021. Spain, Turkey and Italy experienced a relatively flat trend pattern. By contrast, Mexico (-3.6%), Germany (-4.4%), Canada (-5.2%), South Korea (-5.8%), India (-6.3%), the United States (-10.5%) and Japan (-11.8%) illustrated a downward trend over the same period. Russia (+2 p.p.), Italy (+1.9 p.p.) and Turkey (+1.7 p.p.) significantly strengthened its position in terms of the global exports, while the United States and Japan saw its share reduced by -2.1% and -3.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Italy ($X) and Germany ($X) were the countries with the highest levels of exports in 2021, together accounting for 39% of global exports. Japan, South Korea, the United States, Russia, Turkey, India, Spain, Canada, Mexico and the United Arab Emirates lagged somewhat behind, together comprising a further 31%.

In terms of the main exporting countries, the United Arab Emirates, with a CAGR of +3.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for tubes, pipes and hollow profiles (of iron or steel) stood at $X per ton in 2021, picking up by 23% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.4%), while the other global leaders experienced more modest paces of growth.

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

Imports

In 2021, supplies from abroad of tubes, pipes and hollow profiles (of 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, imports, however, showed a noticeable curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 19% against the previous year. Over the period under review, global imports of hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of tubes, pipes and hollow profiles (of iron or steel) skyrocketed to $X in 2021. In general, imports, however, recorded a perceptible curtailment. Global imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons), followed by Germany (X tons) were the key importers of tubes, pipes and hollow profiles (of iron or steel), together comprising 20% of total imports. The following importers - Canada (X tons), France (X tons), Poland (X tons), Italy (X tons), the Netherlands (X tons), the United Arab Emirates (X tons), the UK (X tons), Belgium (X tons), Australia (X tons), India (X tons) and the Czech Republic (X tons) - together made up 26% of total imports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +4.8%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and Canada ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 23% of global imports. France, Poland, Italy, the Netherlands, the United Arab Emirates, the UK, India, the Czech Republic, Belgium and Australia lagged somewhat behind, together comprising a further 23%.

Among the main importing countries, Poland, with a CAGR of +4.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for tubes, pipes and hollow profiles (of iron or steel) amounted to $X per ton, rising by 15% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in India ($X per ton) and the Czech Republic ($X per ton), while the United States ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+1.4%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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