Which Country Imports the Most Aluminium Tubes in the World?
Basic Precious Metals May 28, 2018
Global aluminium tube imports totaled 725K tonnes in 2016, waning by -2.1% against the previous year figure. In general, aluminium tube imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010, when import increased by 11% year-to-year. In that year, global aluminium tube imports reached its maximum volume of 873K tonnes. From 2011 to 2016, growth of global aluminium tube imports stood at a somewhat lower level.
In value terms, aluminium tube imports amounted to $2.1B in 2016. Overall, aluminium tube imports continue to indicate a mild curtailment. Over the period under review, global aluminium tube imports reached its maximum level of $2.5B in 2011; however, from 2012 to 2016, it failed to regain its strength.
Top Aluminium Tube Importing Countries in the World
1. Mexico (240.5 million USD)
2. Germany (230.4 million USD)
3. USA (165.3 million USD)
4. Czech Republic (154.4 million USD)
5. France (105.0 million USD)
6. Canada (87.0 million USD)
7. China (61.4 million USD)
8. Italy (27.0 million USD)
9. South Korea (23.3 million USD)
10. Belgium (21.2 million USD)
11. South Africa (17.6 million USD)
12. Denmark (14.8 million USD)
Aluminium Tube Imports By Country
In 2016, China (147K tonnes), distantly followed by the U.S. (57K tonnes), Germany (55K tonnes), and Mexico (44K tonnes) were the largest importers of aluminium tube, together constituting 42% of total imports. Czech Republic (27K tonnes), South Korea (26K tonnes), Italy (23K tonnes), South Africa (21K tonnes), Canada (21K tonnes), France (20K tonnes), Denmark (18K tonnes), and Belgium (17K tonnes) took the mild share of total imports.
China experienced a relatively flat trend pattern. At the same time, the U.S. (+5.9%), Mexico (+5.5%), Canada (+2.8%), South Africa (+2.3%), and Belgium (+1.1%) displayed positive paces of growth. Moreover, the U.S. emerged as the fastest growing importer/exporter in the world, with a CAGR of +5.9% from 2007-2016. Denmark, and Germany experienced a relatively flat trend pattern. By contrast, France (-1.1%), South Korea (-4.5%), Italy (-5.0%), and Czech Republic (-9.1%) illustrated a downward trend over the same period. Czech Republic (5%), China (2%), Italy (2%), and South Korea (2%) significantly strengthened its position in terms of the global imports, while Mexico, and the U.S. saw its share reduced by -2.3%, and -3.2% from 2007 to 2016, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the largest aluminium tube markets worldwide were Mexico ($241M), Germany ($230M) and the U.S. ($165M), with a combined 31% share of global imports.
Mexico (+6.5% per year) experienced the highest growth rate of aluminium tube imports, among the main importing countries, over the last 9 years, while the other global leaders experienced more modest paces of growth.
Aluminium Tube Import Prices By Country
In 2016, the average import price for aluminium tube amounted to $2,852 per tonne, coming down by -3.9% against the previous year. Overall, aluminium tube import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011, an increase of 28% year-to-year. Global aluminium tube import peaked of $3,282 per tonne in 2014; however, from 2015 to 2016, it stood at a somewhat lower level.
There were significant differences in the average import prices amongst major importing countries. In 2016, the country with the highest import prices was Czech Republic ($5,716 per tonne), while China ($418 per tonne) was among the lowest.
From 2007 to 2016, the most notable growth rate of aluminium tube import prices was attained by Czech Republic (+11.6% per year), while the other global leaders experienced more modest paces of growth.
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- aluminium tube market forecast
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- key aluminium tube producers
All data provided in this article covers the following product: HS Code 7608 - Aluminium; tubes and pipes.
