Asia: Market for Base Metal Flexible Tubing, Iron Or Steel 2024

Market Size for Base Metal Flexible Tubing, Iron Or Steel in Asia

The Asian base metal flexible tubing market was estimated at $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Base Metal Flexible Tubing, Iron Or Steel in Asia

In value terms, base metal flexible tubing production fell to $X in 2022 estimated in export price. The total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Exports of Base Metal Flexible Tubing, Iron Or Steel

Exports in Asia

In 2022, shipments abroad of base metal flexible tubing, iron or steel increased by X% to X tons, rising for the sixth consecutive year after two years of decline. Total exports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2014 with an increase of X%. The volume of export peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, base metal flexible tubing exports rose markedly to $X in 2022. Overall, exports posted a strong increase. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

China was the key exporter of base metal flexible tubing, iron or steel in Asia, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2022. Turkey (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Israel (X%). The United Arab Emirates (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to base metal flexible tubing exports from China stood at X%. At the same time, Israel (X%), the United Arab Emirates (X%) and Turkey (X%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. Israel (X p.p.) and the United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest base metal flexible tubing supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Israel ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

In China, base metal flexible tubing exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Israel (X% per year) and Turkey (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 when the export price increased by X%. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Israel ($X per ton), while the United Arab Emirates ($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 other leaders experienced mixed trends in the export price figures.

Imports of Base Metal Flexible Tubing, Iron Or Steel

Imports in Asia

In 2022, the amount of base metal flexible tubing, iron or steel imported in Asia amounted to X tons, stabilizing at the previous year. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, base metal flexible tubing imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% 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 2013 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Japan (X tons), Thailand (X tons), Indonesia (X tons), Taiwan (Chinese) (X tons), South Korea (X tons), Saudi Arabia (X tons), Pakistan (X tons), Hong Kong SAR (X tons), Malaysia (X tons), Turkey (X tons), the United Arab Emirates (X tons) and Singapore (X tons) was the main importer of base metal flexible tubing, iron or steel in Asia, committing X% of total import. Iraq (X tons) held a relatively small 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 Indonesia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), South Korea ($X) and Taiwan (Chinese) ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Singapore, Indonesia, Turkey, the United Arab Emirates, Saudi Arabia, Thailand, Malaysia, Hong Kong SAR, Iraq and Pakistan lagged somewhat behind, together comprising a further X%.

Indonesia, with a CAGR of X%, recorded the highest growth rate of 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

The import price in Asia stood at $X per ton in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The level of import peaked at $X per ton in 2018; however, from 2019 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 Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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