Which Country Exports the Most Iron Tubes, Pipes and Hollow Profiles in the World?
Basic Iron And Steel May 28, 2018
IndexBox has just published a new report "World: Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) - Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.
In 2016, the global steel pipe and tube imports totaled 3.4M tonnes, declining by -18.4% against the previous year level. Overall, steel pipe and tube imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014, when it surged by 17% y-o-y. Global steel pipe and tube import peaked of 4.2M tonnes in 2015, falling back in the following year.
In value terms, steel pipe and tube imports totaled $1.7B in 2016. Overall, steel pipe and tube imports continue to indicate a moderate reduction. In that year, global steel pipe and tube imports attained its maximum level of $2.6B. From 2009 to 2016, growth of global steel pipe and tube imports failed to regain its strength.
Top Steel Pipe And Tube Importing Countries in the World
1. Qatar (269.0 million USD)
2. France (101.2 million USD)
3. Saudi Arabia (95.3 million USD)
4. Myanmar (73.4 million USD)
5. United Arab Emirates (51.3 million USD)
6. Italy (48.8 million USD)
7. USA (40.8 million USD)
8. India (25.0 million USD)
9. Japan (21.3 million USD)
10. China (3.9 million USD)
Steel Pipe And Tube Imports By Country
In 2016, China (810K tonnes), distantly followed by India (382K tonnes), United Arab Emirates (317K tonnes), Qatar (200K tonnes), and Japan (158K tonnes) were the main importers of steel pipe and tube, together comprising 55% of total imports. Saudi Arabia (107K tonnes), France (102K tonnes), Myanmar (94K tonnes), Italy (59K tonnes), and the U.S. (58K tonnes) held the weak share of total imports.
China experienced a relatively flat trend pattern. At the same time, Myanmar (+89.8%), United Arab Emirates (+14.4%), and India (+3.9%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest growing importer/exporter in the world, with a CAGR of +89.8% from 2007-2016. Japan experienced a relatively flat trend pattern. By contrast, Saudi Arabia (-2.0%), Qatar (-2.1%), Italy (-2.4%), the U.S. (-2.8%), and France (-11.6%) illustrated a downward trend over the same period. While the share of France (6%) increased significantly, the share of Myanmar (-2.7%), India (-3.3%), and United Arab Emirates (-6.5%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Qatar ($269M) constitutes the largest market for imported steel pipe and tube worldwide, making up 16% of global imports. The second position in the ranking was occupied by France ($101M), with the share of 6% of global imports. It was followed by Saudi Arabia, with the share of 5%.
In Qatar, steel pipe and tube imports expanded at an average annual rate of +0.1% over the period from 2007-2016. The remaining importing countries recorded the following average annual rates: France (+5.5% per year) and Saudi Arabia (-6.9% per year).
Steel Pipe And Tube Import Prices By Country
In 2016, the average import price for steel pipe and tube amounted to $506 per tonne, shrinking by -7.3% against the previous year. Overall, steel pipe and tube import price continues to indicate a mild deduction. The pace of growth was the most pronounced in 2008, when it surged by 19% from the previous year level. Over the period under review, average steel pipe and tube import price reached its maximum level of $774 per tonne in 2011- however, from 2012 to 2016, it failed to regain its strength.
There were significant differences in the average import prices amongst major importing countries. In 2016, the country with the highest import prices was Qatar ($1,342 per tonne), while China ($5 per tonne) was among the lowest.
From 2007 to 2016, the most notable growth rate of steel pipe and tube import prices was attained by Japan (+44.2% per year), while the other global leaders experienced more modest paces of growth.
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- steel pipe and tube market share
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- steel pipe and tube sales
- steel pipe and tube import
- steel pipe and tube export
- steel pipe and tube market forecast
- steel pipe and tube price forecast
- key steel pipe and tube producers
All data provided in this article covers the following product: HS Code 7303 - Tubes, pipes and hollow profiles, of cast iron.
