South-Eastern Asia: Metal Flexible Tubing Market 2024

Metal Flexible Tubing Market Size in South-Eastern Asia

After two years of growth, the Southeast Asian metal flexible tubing market decreased by X% to $X in 2022. Over the period under review, consumption continues to indicate a relatively flat trend pattern. 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 South-Eastern Asia

In value terms, metal flexible tubing production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2015 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Metal Flexible Tubing Exports

Exports in South-Eastern Asia

In 2022, shipments abroad of iron or steel flexible tubing increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports posted a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal flexible tubing exports skyrocketed to $X in 2022. Over the period under review, exports recorded a strong expansion. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Vietnam represented the major exporter of iron or steel flexible tubing in South-Eastern Asia, with the volume of exports resulting at X tons, which was near X% of total exports in 2022. Malaysia (X tons) ranks second in terms of the total exports with a X% share, followed by Singapore (X%). Thailand (X tons) followed a long way behind the leaders.

Vietnam was also the fastest-growing in terms of the iron or steel flexible tubing exports, with a CAGR of X% from 2012 to 2022. Singapore experienced a relatively flat trend pattern. Thailand (X%) and Malaysia (X%) illustrated a downward trend over the same period. Vietnam (X p.p.) significantly strengthened its position in terms of the total exports, while Thailand, Singapore and Malaysia saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

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

In Vietnam, metal flexible tubing exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Singapore (X% per year) and Malaysia (X% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the export price, however, recorded mild growth. The growth pace was the most rapid in 2014 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices remained at a somewhat lower figure.

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

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

Metal Flexible Tubing Imports

Imports in South-Eastern Asia

In 2022, the amount of iron or steel flexible tubing imported in South-Eastern Asia rose notably to X tons, with an increase of X% on 2021. Total imports indicated a moderate 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, 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 attained the peak figure at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, metal flexible tubing imports fell to $X in 2022. In general, imports continue to indicate a measured increase. The pace of growth was the most pronounced in 2013 when imports increased by X%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Indonesia (X tons) and Singapore (X tons) represented roughly X% of total imports in 2022. Malaysia (X tons) ranks next in terms of the total imports with a X% share, followed by Thailand (X%) and Vietnam (X%). The Philippines (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 key importing countries, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Singapore ($X) and Malaysia ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Vietnam, Thailand and the Philippines lagged somewhat behind, together accounting for a further X%.

Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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 South-Eastern Asia amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Philippines ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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