Asia-Pacific: 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 Asia-Pacific

The Asia-Pacific market for tubes, pipes and hollow profiles (of iron or steel) contracted slightly to $X in 2022, waning by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) in Asia-Pacific

In value terms, production of tubes, pipes and hollow profiles (of iron or steel) reduced slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, production of reached the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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

Exports in Asia-Pacific

Exports of tubes, pipes and hollow profiles (of iron or steel) soared to X tons in 2022, picking up by X% compared with 2021 figures. Over the period under review, exports, however, recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, exports of tubes, pipes and hollow profiles (of iron or steel) skyrocketed to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

China represented the major exporter of tubes, pipes and hollow profiles (of iron or steel) in Asia-Pacific, with the volume of exports recording X tons, which was approx. X% of total exports in 2022. South Korea (X tons) ranks second in terms of the total exports with a X% share, followed by India (X%) and Japan (X%). Taiwan (Chinese) (X tons), Vietnam (X tons), Thailand (X tons) and Indonesia (X tons) followed a long way behind the leaders.

China experienced a relatively flat trend pattern with regard to volume of exports of tubes, pipes and hollow profiles (of iron or steel). At the same time, Vietnam (X%) and Taiwan (Chinese) (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. Thailand experienced a relatively flat trend pattern. By contrast, South Korea (X%), India (X%), Indonesia (X%) and Japan (X%) illustrated a downward trend over the same period. China (X p.p.) and Vietnam (X p.p.) significantly strengthened its position in terms of the total exports, while India, South Korea and Japan saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest iron or steel pipe and tube supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with a X% share of total exports. It was followed by Japan, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (X% per year) and Japan (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 most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while India ($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 (X%), while the other leaders experienced more modest paces of growth.

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

Imports in Asia-Pacific

In 2022, purchases abroad of tubes, pipes and hollow profiles (of iron or steel) increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, recorded a pronounced setback. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Over the period under review, imports of reached the maximum at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, imports of tubes, pipes and hollow profiles (of iron or steel) surged to $X in 2022. Overall, imports, however, saw a pronounced descent. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports of attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Indonesia (X tons), Australia (X tons), Thailand (X tons), South Korea (X tons), India (X tons), Singapore (X tons), the Philippines (X tons), Malaysia (X tons), Myanmar (X tons), China (X tons), Vietnam (X tons) and Hong Kong SAR (X tons) was the largest importer of tubes, pipes and hollow profiles (of iron or steel) in Asia-Pacific, mixing up X% of total import. Taiwan (Chinese) (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 leading importing countries, was attained by the Philippines (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Australia ($X) and China ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports. South Korea, Thailand, India, Singapore, Malaysia, Vietnam, Taiwan (Chinese), the Philippines, Hong Kong SAR and Myanmar lagged somewhat behind, together comprising a further X%.

The Philippines, with a CAGR of X%, 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

The import price in Asia-Pacific stood at $X per ton in 2022, growing by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the import price increased by X%. Over the period under review, import prices hit record highs 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 China ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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