Report Update: Apr 1, 2024

Australia - Iron Or Steel Flexible Tubing - Market Analysis, Forecast, Size, Trends And Insights

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Metal Flexible Tubing Price in Australia - 2023

Metal Flexible Tubing Price in Australia (CIF) - 2022

The average metal flexible tubing import price stood at $16,703 per ton in 2022, remaining constant against the previous year. Overall, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal flexible tubing import price decreased by -6.9% against 2020 indices. The growth pace was the most rapid in 2020 when the average import price increased by 35% against the previous year. As a result, import price reached the peak level of $17,943 per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($16,554 per ton) and Malaysia ($16,554 per ton), while the price for South Korea ($15,111 per ton) and Singapore ($15,581 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Metal Flexible Tubing Price in Australia (FOB) - 2022

The average metal flexible tubing export price stood at $23,713 per ton in 2022, with an increase of 34% against the previous year. In general, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal flexible tubing export price increased by +97.6% against 2019 indices. The pace of growth was the most pronounced in 2020 when the average export price increased by 80% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($154,505 per ton), while the average price for exports to China ($3,497 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 Singapore (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Flexible Tubing Imports in Australia

In 2022, approx. 5.3K tons of iron or steel flexible tubing were imported into Australia; declining by -2.9% compared with 2021. In general, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2021 with an increase of 252%. As a result, imports reached the peak of 5.5K tons, and then shrank modestly in the following year.

In value terms, metal flexible tubing imports shrank slightly to $89M in 2022. Over the period under review, imports, however, enjoyed significant growth. The growth pace was the most rapid in 2021 with an increase of 223% against the previous year. As a result, imports attained the peak of $90M, and then reduced modestly in the following year.

Import of Metal Flexible Tubing in Australia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Kingdom	1.0	1.1	30.5	28.6	205.8%
France	0.1	0.5	14.6	13.7	415.5%
Malaysia	3.1	N/A	13.2	12.4	58.7%
Denmark	0.1	0.1	7.0	6.6	304.1%
United States	3.0	9.7	4.4	5.5	22.4%
China	4.1	5.0	5.7	5.4	9.6%
South Korea	3.4	3.4	2.5	3.1	-3.0%
India	1.5	2.1	2.5	2.3	15.3%
Germany	1.1	1.9	1.8	1.7	15.6%
Others	7.6	4.1	7.8	9.5	7.7%
Total	25.0	27.9	90.1	88.8	52.6%

Top Suppliers of Metal Flexible Tubing to Australia in 2022:

United Kingdom (1725.4 tons)
France (829.2 tons)
Malaysia (746.5 tons)
Denmark (398.4 tons)
United States (345.4 tons)
China (325.2 tons)
South Korea (205.3 tons)
India (141.4 tons)
Germany (102.2 tons)

Metal Flexible Tubing Exports in Australia

In 2022, metal flexible tubing exports from Australia contracted markedly to 51 tons, reducing by -56.4% on the previous year's figure. In general, exports recorded a sharp curtailment. The growth pace was the most rapid in 2021 when exports increased by 159%.

In value terms, metal flexible tubing exports contracted sharply to $1.2M in 2022. Overall, exports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 113% against the previous year. As a result, the exports reached the peak of $2.1M, and then fell remarkably in the following year.

Export of Metal Flexible Tubing in Australia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
New Zealand	450	179	1,028	624	11.5%
Philippines	10.3	3.7	284	172	155.6%
United States	193	154	132	96.6	-20.6%
Papua New Guinea	147	115	156	94.7	-13.6%
Singapore	178	79.1	29.0	58.0	-31.2%
Qatar	270	8.5	5.1	57.9	-40.1%
China	73.6	14.1	3.2	18.5	-36.9%
Cote d'Ivoire	28.5	21.9	2.8	10.8	-27.6%
Kazakhstan	N/A	209	7.5	N/A	-96.4%
Brunei Darussalam	N/A	N/A	67.0	N/A	0%
Cocos (Keeling) Islands	N/A	N/A	63.5	N/A	0%
Others	146	185	289	74.2	-20.2%
Total	1,497	970	2,067	1,207	-6.9%

Top Export Markets for Metal Flexible Tubing from Australia in 2022:

New Zealand (32.3 tons)
China (5.3 tons)
Papua New Guinea (4.2 tons)
United States (3.4 tons)
Singapore (1.1 tons)
Philippines (1.1 tons)
Cote d'Ivoire (1.1 tons)
Qatar (0.7 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the metal flexible tubing market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25992983 - Iron or steel flexible tubing (excluding rubber tubing incorporating or fitted with external metallic reinforcements, f lexible tubing made into the form of machinery or vehicle parts)

Country coverage:

Australia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Australia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023