Overview of the Global Market for Base Metal Flexible Tubing, Iron Or Steel

Market Size for Base Metal Flexible Tubing, Iron Or Steel

The global base metal flexible tubing market was estimated at $X in 2022, rising by X% against the previous year. The market 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 throughout the analyzed period. Over the period under review, the global market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Base Metal Flexible Tubing, Iron Or Steel

In value terms, base metal flexible tubing production declined slightly 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 pace of growth was the most pronounced in 2018 when the production volume increased by X%. Over the period under review, global production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Base Metal Flexible Tubing, Iron Or Steel

Exports

In 2022, approx. X tons of base metal flexible tubing, iron or steel were exported worldwide; picking up by X% on 2021. The total export volume 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. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The global exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, base metal flexible tubing exports rose 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The global exports peaked 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 resulted at X% of total exports. It was distantly followed by Turkey (X tons), the Netherlands (X tons), Israel (X tons) and Mexico (X tons), together constituting a X% share of total exports. The following exporters - Germany (X tons), the United States (X tons), the United Arab Emirates (X tons), Italy (X tons), Denmark (X tons), Tunisia (X tons) and Canada (X tons) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to base metal flexible tubing exports from China stood at X%. At the same time, Israel (X%), the United Arab Emirates (X%), Canada (X%), Mexico (X%), Turkey (X%), Tunisia (X%) and Denmark (X%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. Italy experienced a relatively flat trend pattern. By contrast, the United States (X%), the Netherlands (X%) and Germany (X%) illustrated a downward trend over the same period. While the share of China (X p.p.), Israel (X p.p.), Turkey (X p.p.), Mexico (X p.p.) and the United Arab Emirates (X p.p.) increased significantly in terms of the global exports from 2012-2022, the share of the United States (X p.p.), the Netherlands (X p.p.) and 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) constituted the countries with the highest levels of exports in 2022, together accounting for X% of global exports. Israel, Turkey, the Netherlands, Canada, Denmark, Italy, Mexico, Tunisia and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

Israel, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

In 2022, the average base metal flexible tubing export price amounted to $X per ton, stabilizing at the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average export price increased by X% against the previous year. The global export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the United Arab Emirates ($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 United States (X%), while the other global leaders experienced more modest paces of growth.

Imports of Base Metal Flexible Tubing, Iron Or Steel

Imports

In 2022, the amount of base metal flexible tubing, iron or steel imported worldwide expanded sharply to X tons, surging by X% against 2021. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, global imports attained the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, base metal flexible tubing imports skyrocketed to $X in 2022. The total import 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 most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Global imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the United States (X tons), distantly followed by France (X tons) were the major importers of base metal flexible tubing, iron or steel, together committing X% of total imports. Mauritania (X tons), Germany (X tons), the UK (X tons), Spain (X tons), Italy (X tons), Japan (X tons), Poland (X tons), Thailand (X tons), Mexico (X tons), Indonesia (X tons) and Belgium (X tons) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to base metal flexible tubing imports into the United States stood at X%. At the same time, Mauritania (X%), France (X%), Indonesia (X%), Spain (X%), the UK (X%), Japan (X%) and Italy (X%) displayed positive paces of growth. Moreover, Mauritania emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. Germany and Poland experienced a relatively flat trend pattern. By contrast, Mexico (X%), Belgium (X%) and Thailand (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States, France and Mauritania increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported base metal flexible tubing, iron or steel worldwide, comprising X% of global imports. The second position in the ranking was held by France ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value in the United States totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: France (X% per year) and Germany (X% per year).

Import Prices by Country

The average base metal flexible tubing import price stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X%. Global import price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while Thailand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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