Asia-Pacific: Metal Flexible Tubing Market 2024

Metal Flexible Tubing Market Size in Asia-Pacific

The Asia-Pacific metal flexible tubing market dropped modestly to $X in 2022, waning 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 in certain years. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Metal Flexible Tubing Production in Asia-Pacific

In value terms, metal flexible tubing production reduced to $X in 2022 estimated in export price. The total output 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 most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Metal Flexible Tubing Exports

Exports in Asia-Pacific

In 2022, approx. X tons of iron or steel flexible tubing were exported in Asia-Pacific; growing by X% against 2021. Overall, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, metal flexible tubing exports surged to $X in 2022. Over the period under review, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

In 2022, China (X tons) represented the major exporter of iron or steel flexible tubing, constituting X% of total exports. India (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by South Korea (X%) and Vietnam (X%).

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Vietnam (X%), India (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. China (X p.p.), Vietnam (X p.p.) and India (X p.p.) significantly strengthened its position in terms of the total exports, while South Korea saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, China ($X) remains the largest metal flexible tubing supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by India ($X), with an X% share of total exports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: India (X% per year) and South Korea (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2014 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while China ($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.

Metal Flexible Tubing Imports

Imports in Asia-Pacific

Metal flexible tubing imports reached X tons in 2022, surging by X% compared with the previous year. Total imports indicated a resilient increase 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, metal flexible tubing imports amounted to $X in 2022. Total imports indicated a prominent expansion 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Imports by Country

India represented the major importer of iron or steel flexible tubing in Asia-Pacific, with the volume of imports amounting to X tons, which was near X% of total imports in 2022. Japan (X tons) took the second position in the ranking, followed by Australia (X tons), South Korea (X tons), Indonesia (X tons), Taiwan (Chinese) (X tons) and Singapore (X tons). All these countries together took near X% share of total imports. China (X tons), Malaysia (X tons), Hong Kong SAR (X tons), Thailand (X tons), Vietnam (X tons) and Bangladesh (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to metal flexible tubing imports into India stood at X%. At the same time, Bangladesh (X%), Vietnam (X%), Taiwan (Chinese) (X%), Thailand (X%), Australia (X%), South Korea (X%), Hong Kong SAR (X%), Malaysia (X%), Indonesia (X%) and Japan (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. Singapore experienced a relatively flat trend pattern. By contrast, China (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India, Taiwan (Chinese), Australia, Bangladesh, South Korea, Thailand and Vietnam increased by X, X, X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest metal flexible tubing importing markets in Asia-Pacific were India ($X), China ($X) and Australia ($X), together accounting for X% of total imports. Japan, South Korea, Taiwan (Chinese), Indonesia, Singapore, Malaysia, Vietnam, Thailand, Hong Kong SAR and Bangladesh lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Bangladesh, with a CAGR of X%, saw 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

In 2022, the import price in Asia-Pacific amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of X%. As a result, import price attained the peak level of $X per ton; afterwards, it flattened through to 2022.

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 China ($X per ton), while Hong Kong SAR ($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 more modest paces of growth.

Source: IndexBox Platform

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