ASEAN: Aluminium Tube Market 2024

Aluminium Tube Market Size in ASEAN

The ASEAN aluminium tube market shrank modestly to $X in 2022, waning by X% against the previous year. In general, consumption recorded a noticeable reduction. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Aluminium Tube Production in ASEAN

In value terms, aluminium tube production contracted sharply to $X in 2022 estimated in export price. In general, production saw a abrupt slump. The growth pace was the most rapid in 2021 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Aluminium Tube Exports

Exports in ASEAN

In 2022, approx. X tons of aluminium tubes and pipes were exported in ASEAN; dropping by X% compared with 2021. Over the period under review, exports showed a sharp setback. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, aluminium tube exports reduced remarkably to $X in 2022. Overall, exports showed a precipitous descent. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Singapore was the major exporting country with an export of about X tons, which reached X% of total exports. Malaysia (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Thailand (X%) and Vietnam (X%).

Exports from Singapore decreased at an average annual rate of X% from 2012 to 2022. At the same time, Vietnam (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Thailand (X%) and Malaysia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Singapore and Vietnam increased by X and X percentage points, respectively.

In value terms, Singapore ($X) emerged as the largest aluminium tube supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with a X% share of total exports. It was followed by Malaysia, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Singapore amounted to X%. In the other countries, the average annual rates were as follows: Thailand (X% per year) and Malaysia (X% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, rising by X% against the previous year. In general, the export price, however, continues to indicate a abrupt decrease. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced a decline in the export price figures.

Aluminium Tube Imports

Imports in ASEAN

In 2022, approx. X tons of aluminium tubes and pipes were imported in ASEAN; which is down by X% against 2021 figures. Over the period under review, imports saw a mild descent. The pace of growth was the most pronounced in 2019 with an increase of X%. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, aluminium tube imports dropped modestly to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when imports increased by X%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Thailand (X tons) and Cambodia (X tons) represented the major importers of aluminium tubes and pipes in ASEAN, together committing X% of total imports. It was distantly followed by Malaysia (X tons), Vietnam (X tons), the Philippines (X tons) and Indonesia (X tons), together committing a X% share of total imports. Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Cambodia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Cambodia ($X), Thailand ($X) and the Philippines ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

In terms of the main importing countries, Cambodia, with a CAGR of X%, recorded the highest growth rate of 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

The import price in ASEAN stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Philippines ($X per ton), while Thailand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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