Northern America: Aluminium Alloy Tube Market 2024

Aluminium Alloy Tube Market Size in Northern America

The North American aluminium alloy tube market expanded sharply to $X in 2022, rising by X% against the previous year. Overall, consumption enjoyed resilient growth. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Aluminium Alloy Tube Production in Northern America

In value terms, aluminium alloy tube production expanded modestly to $X in 2022 estimated in export price. In general, production, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Aluminium Alloy Tube Exports

Exports in Northern America

In 2022, aluminium alloy tube exports in Northern America reduced to X tons, leveling off at 2021 figures. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, aluminium alloy tube exports surged to $X in 2022. The total export 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. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

The United States dominates exports structure, resulting at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Canada (X tons), creating an X% share of total exports.

The United States experienced a relatively flat trend pattern with regard to volume of exports of aluminium alloy tubes and pipes. Canada (X%) illustrated a downward trend over the same period. The United States (X p.p.) significantly strengthened its position in terms of the total exports, while Canada saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the United States ($X) remains the largest aluminium alloy tube supplier in Northern America, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United States stood at X%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, picking up 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 2020 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%).

Aluminium Alloy Tube Imports

Imports in Northern America

In 2022, the amount of aluminium alloy tubes and pipes imported in Northern America skyrocketed to X tons, jumping by X% on 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, aluminium alloy tube imports soared to $X in 2022. The total import 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. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

The United States represented the main importer of aluminium alloy tubes and pipes in Northern America, with the volume of imports reaching X tons, which was near X% of total imports in 2022. It was distantly followed by Canada (X tons), making up a X% share of total imports.

The United States was also the fastest-growing in terms of the aluminium alloy tubes and pipes imports, with a CAGR of X% from 2012 to 2022. Canada (X%) illustrated a downward trend over the same period. While the share of the United States (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Canada (X p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported aluminium alloy tubes and pipes in Northern America, comprising X% of total imports. The second position in the ranking was taken by Canada ($X), with a X% share of total imports.

In the United States, aluminium alloy tube imports increased at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, growing by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%).

Source: IndexBox Platform

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