Asia: Aluminium Tube Market 2023

Aluminium Tube Market Size in Asia

The Asian aluminium tube market shrank to $X in 2022, declining by -6.1% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Aluminium Tube Production in Asia

In value terms, aluminium tube production contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 30%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Aluminium Tube Exports

Exports in Asia

In 2022, overseas shipments of aluminium tubes and pipes decreased by -5.1% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 67%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, aluminium tube exports totaled $X in 2022. In general, exports showed a mild downturn. The pace of growth was the most pronounced in 2014 when exports increased by 44%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, China (X tons) represented the key exporter of aluminium tubes and pipes, creating 45% of total exports. Saudi Arabia (X tons) ranks second in terms of the total exports with a 19% share, followed by Turkey (9.5%) and Oman (9.4%). Taiwan (Chinese) (X tons), South Korea (X tons) and Japan (X tons) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to aluminium tube exports from China stood at +4.2%. At the same time, Saudi Arabia (+71.9%) and Oman (+52.8%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in Asia, with a CAGR of +71.9% from 2012-2022. By contrast, Japan (-3.5%), Turkey (-5.4%), South Korea (-12.9%) and Taiwan (Chinese) (-13.5%) illustrated a downward trend over the same period. Saudi Arabia (+19 p.p.), China (+13 p.p.) and Oman (+9.3 p.p.) significantly strengthened its position in terms of the total exports, while Turkey, South Korea and Taiwan (Chinese) saw its share reduced by -8.4%, -9.8% and -12.3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest aluminium tube supplier in Asia, comprising 45% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 14% share of total exports. It was followed by Turkey, with a 9.4% share.

In China, aluminium tube exports expanded at an average annual rate of +5.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Saudi Arabia (+76.2% per year) and Turkey (-1.8% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, increasing by 6.5% against the previous year. Over the period under review, the export price, however, showed a pronounced descent. The pace of growth was the most pronounced in 2021 when the export price increased by 18%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+7.3%), while the other leaders experienced more modest paces of growth.

Aluminium Tube Imports

Imports in Asia

In 2022, overseas purchases of aluminium tubes and pipes decreased by less than 0.1% to X tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 with an increase of 20%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, aluminium tube imports fell slightly to $X in 2022. In general, imports showed a mild curtailment. The most prominent rate of growth was recorded in 2019 when imports increased by 17% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Oman (X tons), distantly followed by Yemen (X tons), Cambodia (X tons), Thailand (X tons), Malaysia (X tons), India (X tons), Vietnam (X tons) and Bangladesh (X tons) represented the major importers of aluminium tubes and pipes, together making up 80% of total imports. The Philippines (X tons) and the United Arab Emirates (X tons) held a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Yemen (with a CAGR of +72.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Oman ($X), Thailand ($X) and Cambodia ($X) were the countries with the highest levels of imports in 2022, with a combined 34% share of total imports. The Philippines, Malaysia, Vietnam, India, Yemen, Bangladesh and the United Arab Emirates lagged somewhat behind, together comprising a further 43%.

Yemen, with a CAGR of +58.2%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the import price showed a pronounced contraction. The most prominent rate of growth was recorded in 2021 when the import price increased by 14% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Philippines ($X per ton), while Yemen ($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 (+10.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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