United Kingdom: Market for Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) 2024

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

The UK market for tubes, pipes and hollow profiles (of iron or steel) soared to $X in 2022, rising by X% against the previous year. In general, consumption, however, faced a deep slump. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

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

In value terms, production of tubes, pipes and hollow profiles (of iron or steel) dropped dramatically to $X in 2022 estimated in export price. In general, production faced a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of X%. Production of peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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

Exports from the UK

In 2022, the amount of tubes, pipes and hollow profiles (of iron or steel) exported from the UK fell markedly to X tons, dropping by X% on the previous year's figure. Over the period under review, exports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2020 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of tubes, pipes and hollow profiles (of iron or steel) dropped to $X in 2022. Overall, exports continue to indicate a drastic downturn. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons), Ireland (X tons) and Sweden (X tons) were the main destinations of exports of tubes, pipes and hollow profiles (of iron or steel) from the UK, with a combined X% share of total exports. The United States, Italy, Finland, Norway, the Netherlands, France, Turkey, Denmark, Poland and Spain lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and Norway ($X) constituted the largest markets for iron or steel pipe and tube exported from the UK worldwide, together accounting for X% of total exports. Ireland, the Netherlands, Sweden, Italy, France, Finland, Denmark, Turkey, Poland and Spain lagged somewhat behind, together accounting for a further X%.

Turkey, with a CAGR of X%, saw the highest growth rate of 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 2022, the average export price for tubes, pipes and hollow profiles (of iron or steel) amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Finland ($X 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 the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into the UK

In 2022, supplies from abroad of tubes, pipes and hollow profiles (of iron or steel) decreased by X% to X tons, falling for the fifth consecutive year after two years of growth. In general, imports recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports of attained the peak figure at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, imports of tubes, pipes and hollow profiles (of iron or steel) expanded notably to $X in 2022. Over the period under review, imports recorded a perceptible downturn. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports of hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of iron or steel pipe and tube to the UK, with a X% share of total imports. Moreover, imports of tubes, pipes and hollow profiles (of iron or steel) from Turkey exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Germany (X% per year).

In value terms, Turkey ($X), Italy ($X) and Germany ($X) constituted the largest iron or steel pipe and tube suppliers to the UK, together comprising X% of total imports. China, Spain, France, India, Ireland, the United Arab Emirates, Japan, the Netherlands and Portugal lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Ireland, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for tubes, pipes and hollow profiles (of iron or steel) amounted to $X per ton, increasing by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :