Global Aluminium Tube Market 2024

Aluminium Tube Market Size

The global aluminium tube market rose to $X in 2022, increasing 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 in certain years. Over the period under review, the global market hit record highs in 2022 and is likely to see gradual growth in the near future.

Aluminium Tube Production

In value terms, aluminium tube production fell to $X in 2022 estimated in export price. Overall, the total production indicated a tangible increase 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 increased by X% against 2020 indices. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Global production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Aluminium Tube Exports

Exports

Global aluminium tube exports shrank to X tons in 2022, dropping by X% on the previous year's figure. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2017 when exports increased by X%. The global exports peaked at X tons in 2021, and then declined in the following year.

In value terms, aluminium tube exports reached $X in 2022. The total export 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 growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the global exports reached the maximum in 2022 and are likely to see gradual growth in the near future.

Exports by Country

China was the main exporting country with an export of about X tons, which accounted for X% of total exports. It was distantly followed by the United States (X tons), Germany (X tons), Belgium (X tons) and Italy (X tons), together achieving a X% share of total exports. Mexico (X tons), Denmark (X tons), South Africa (X tons), Turkey (X tons), Vietnam (X tons), South Korea (X tons), Russia (X tons) and the Czech Republic (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to aluminium tube exports from China stood at X%. At the same time, Vietnam (X%), Belgium (X%), Russia (X%), Mexico (X%), the Czech Republic (X%) and the United States (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. Denmark, Turkey, Italy and South Africa experienced a relatively flat trend pattern. By contrast, South Korea (X%) and Germany (X%) illustrated a downward trend over the same period. While the share of China (X p.p.), Belgium (X p.p.) and Vietnam (X p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Germany (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), the United States ($X) and Germany ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of global exports. Italy, Belgium, Denmark, Mexico, Vietnam, South Korea, South Africa, Turkey, the Czech Republic and Russia lagged somewhat behind, together comprising a further X%.

Vietnam, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average aluminium tube export price stood at $X per ton in 2022, growing 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, the export 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 exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Aluminium Tube Imports

Imports

In 2022, the amount of aluminium tubes, pipes and tube or pipe fittings imported worldwide declined to X tons, standing approx. at the previous year. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, leveling off in the following year.

In value terms, aluminium tube imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, global imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

The purchases of the three major importers of aluminium tubes, pipes and tube or pipe fittings, namely Germany, Mexico and the United States, represented more than fourth of total import. It was followed by Canada (X tons), creating a X% share of total imports. Poland (X tons), France (X tons), the Czech Republic (X tons), Thailand (X tons), the Netherlands (X tons), India (X tons), Romania (X tons), Austria (X tons) and Spain (X tons) followed a long way behind the leaders.

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

In value terms, Mexico ($X), Germany ($X) and the United States ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of global imports. Canada, the Czech Republic, France, Poland, the Netherlands, Thailand, India, Austria, Romania and Spain lagged somewhat behind, together comprising a further X%.

Romania, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average aluminium tube import price amounted to $X per ton, growing by X% against the previous year. Over the last decade, 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.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Romania ($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 Netherlands (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform