U.S.: 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 the U.S.

In 2022, the U.S. market for tubes, pipes and hollow profiles (of iron or steel) increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) in the U.S.

In value terms, production of tubes, pipes and hollow profiles (of iron or steel) contracted modestly to $X in 2022. Over the period under review, production saw a mild shrinkage. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, production of reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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

Exports from the U.S.

In 2022, overseas shipments of tubes, pipes and hollow profiles (of iron or steel) increased by X% to X tons, rising for the second year in a row after three years of decline. In general, exports, however, recorded a abrupt curtailment. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of tubes, pipes and hollow profiles (of iron or steel) soared to $X in 2022. Over the period under review, exports, however, saw a abrupt slump. Over the period under review, the exports of reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Canada (X tons) was the main destination for exports of tubes, pipes and hollow profiles (of iron or steel) from the United States, accounting for a X% share of total exports. Moreover, exports of tubes, pipes and hollow profiles (of iron or steel) to Canada exceeded the volume sent to the second major destination, Mexico (X tons), twofold. The third position in this ranking was taken by Malta (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Canada stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Malta (X% per year).

In value terms, the largest markets for iron or steel pipe and tube exported from the United States were Canada ($X), Mexico ($X) and Algeria ($X), with a combined X% share of total exports. These countries were followed by Malta, which accounted for a further X%.

Malta, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average export price for tubes, pipes and hollow profiles (of iron or steel) amounted to $X per ton, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the average export price increased by X%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

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 Algeria ($X per ton), while the average price for exports to Malta ($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 Mexico (X%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into the U.S.

In 2022, supplies from abroad of tubes, pipes and hollow profiles (of iron or steel) increased by X% to X tons, rising for the second year in a row after three years of decline. Overall, imports, however, recorded a noticeable downturn. The pace of growth was the most pronounced in 2017 with an increase of X%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of tubes, pipes and hollow profiles (of iron or steel) surged to $X in 2022. In general, imports, however, continue to indicate a slight curtailment. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

South Korea (X tons), Mexico (X tons) and Canada (X tons) were the main suppliers of imports of tubes, pipes and hollow profiles (of iron or steel) to the United States, with a combined X% share of total imports. India, Taiwan (Chinese), Germany, Japan, Turkey, Austria, Thailand, China, Italy and Spain lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest iron or steel pipe and tube suppliers to the United States were South Korea ($X), Canada ($X) and Mexico ($X), together accounting for X% of total imports. Japan, India, Germany, Taiwan (Chinese), Austria, China, Spain, Italy, Turkey and Thailand lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Taiwan (Chinese), 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

The average import price for tubes, pipes and hollow profiles (of iron or steel) 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%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Turkey ($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 prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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