U.S.: Market for Base Metal Flexible Tubing, Iron Or Steel 2024

Market Size for Base Metal Flexible Tubing, Iron Or Steel in the U.S.

The U.S. base metal flexible tubing market totaled $X in 2022, increasing by X% against the previous year. Overall, consumption recorded a resilient expansion. Base metal flexible tubing consumption peaked in 2022 and is expected to retain growth in years to come.

Production of Base Metal Flexible Tubing, Iron Or Steel in the U.S.

In value terms, base metal flexible tubing production contracted slightly to $X in 2022. Overall, the total production indicated a buoyant 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, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of X%. Base metal flexible tubing production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Base Metal Flexible Tubing, Iron Or Steel

Exports from the U.S.

In 2022, shipments abroad of base metal flexible tubing, iron or steel increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports, however, saw a slight slump. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, base metal flexible tubing exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Canada (X tons), Mexico (X tons) and Guyana (X tons) were the main destinations of base metal flexible tubing exports from the United States, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Guyana (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for base metal flexible tubing exported from the United States were Mexico ($X), Canada ($X) and Germany ($X), together comprising X% of total exports. South Korea, China, Guyana, Australia and Brazil lagged somewhat behind, together comprising a further X%.

Guyana, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average base metal flexible tubing export price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, export price indicated a buoyant expansion from 2012 to 2022: its price 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. The growth pace was the most rapid in 2014 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Guyana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Base Metal Flexible Tubing, Iron Or Steel

Imports into the U.S.

In 2022, base metal flexible tubing imports into the United States surged to X tons, rising by X% against the year before. Overall, imports enjoyed a resilient expansion. The growth pace was the most rapid in 2020 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, base metal flexible tubing imports soared to $X in 2022. In general, imports showed a buoyant expansion. The pace of growth was the most pronounced in 2018 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Israel (X tons) constituted the largest supplier of base metal flexible tubing to the United States, with a X% share of total imports. Moreover, base metal flexible tubing imports from Israel exceeded the figures recorded by the second-largest supplier, Mexico (X tons), twofold. The third position in this ranking was held by Canada (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Israel totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and Canada (X% per year).

In value terms, the largest base metal flexible tubing suppliers to the United States were Israel ($X), South Korea ($X) and Canada ($X), with a combined X% share of total imports. Mexico, Taiwan (Chinese), China and Turkey lagged somewhat behind, together comprising a further X%.

Turkey, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average base metal flexible tubing import price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the import price, however, showed a noticeable reduction. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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