Aluminium Tube Market

The global demand for aluminium tubes and pipes is projected to rise over the next eight years, with market performance forecasted to accelerate. Consumption saw a flat trend pattern from 2012 to 2022, ultimately reaching 199K tons in 2022. The market value is expected to increase to $1.6B by 2030. Production peaked at 233K tons in 2017, while imports and exports also saw significant fluctuations. Overall, the market is poised for continued growth, driven by key exporting countries such as China, the United States, and Turkey.

Market Forecast

Driven by increasing demand for aluminium tubes and pipes worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +2.6% for the period from 2022 to 2030, which is projected to bring the market volume to 244K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.2% for the period from 2022 to 2030, which is projected to bring the market value to $1.6B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Aluminium Tubes And Pipes

In 2022, consumption of aluminium tubes and pipes was finally on the rise to reach 199K tons for the first time since 2017, thus ending a four-year declining trend. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, global consumption reached the peak volume at 254K tons in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

The global aluminium tube market revenue rose remarkably to $1.1B in 2022, with an increase of 14% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a relatively flat trend pattern. Global consumption peaked at $1.4B in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (35K tons), the United States (21K tons) and India (15K tons), together comprising 36% of global consumption. Mexico, Italy, Romania, Saudi Arabia, Pakistan, Oman, Russia, Brazil, Japan and Indonesia lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the biggest increases were recorded for Oman (with a CAGR of +39.3%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest aluminium tube markets worldwide were China ($135M), the United States ($109M) and India ($98M), together accounting for 30% of the global market. Mexico, Italy, Japan, Romania, Saudi Arabia, Pakistan, Russia, Oman, Brazil and Indonesia lagged somewhat behind, together comprising a further 32%.

Oman, with a CAGR of +40.1%, saw the highest growth rate of market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of aluminium tube per capita consumption in 2022 were Oman (932 kg per 1000 persons), Romania (498 kg per 1000 persons) and Italy (211 kg per 1000 persons).

From 2012 to 2022, the biggest increases were recorded for Oman (with a CAGR of +33.7%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Aluminium Tubes And Pipes

In 2022, production of aluminium tubes and pipes was finally on the rise to reach 180K tons for the first time since 2017, thus ending a four-year declining trend. Overall, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 13% against the previous year. Global production peaked at 233K tons in 2017; however, from 2018 to 2022, production remained at a lower figure.

In value terms, aluminium tube production shrank to $1.2B in 2022 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 23% against the previous year. Over the period under review, global production attained the peak level at $1.5B in 2019; however, from 2020 to 2022, production failed to regain momentum.

Production By Country

The countries with the highest volumes of production in 2022 were China (51K tons), the United States (32K tons) and India (13K tons), with a combined 53% share of global production. Italy, Saudi Arabia, Turkey, Pakistan, Brazil, Japan, Poland, Russia, Indonesia and Ethiopia lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Saudi Arabia (with a CAGR of +52.5%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Aluminium Tubes And Pipes

In 2022, global aluminium tube imports rose significantly to 69K tons, with an increase of 9.3% compared with 2021 figures. In general, imports showed a relatively flat trend pattern. Over the period under review, global imports reached the peak figure at 77K tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, aluminium tube imports surged to $392M in 2022. Overall, imports saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports By Country

In 2022, Mexico (13K tons), distantly followed by Romania (8K tons), Oman (5K tons) and Yemen (3.4K tons) represented the key importers of aluminium tubes and pipes, together committing 43% of total imports. The following importers - the Dominican Republic (2.7K tons), Thailand (2.6K tons), France (2.4K tons), Cambodia (2.3K tons), Germany (1.8K tons), India (1.7K tons), Malaysia (1.4K tons), Vietnam (1.3K tons) and Poland (1.1K tons) - together made up 25% of total imports.

From 2012 to 2022, the biggest increases were recorded for Yemen (with a CAGR of +74.3%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, Mexico ($81M) constitutes the largest market for imported aluminium tubes and pipes worldwide, comprising 21% of global imports. The second position in the ranking was held by Romania ($30M), with a 7.7% share of global imports. It was followed by Oman, with a 5.4% share.

In Mexico, aluminium tube imports increased at an average annual rate of +3.5% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Romania (+14.7% per year) and Oman (+37.5% per year).

Import Prices By Country

In 2022, the average aluminium tube import price amounted to $5,684 per ton, picking up by 9.8% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 17% against the previous year. Global import price peaked at $5,693 per ton in 2012; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($7,655 per ton), while Yemen ($1,445 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+8.6%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Aluminium Tubes And Pipes

In 2022, approx. 50K tons of aluminium tubes and pipes were exported worldwide; shrinking by -21.3% compared with the previous year's figure. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 33% against the previous year. As a result, the exports reached the peak of 71K tons. From 2015 to 2022, the growth of the global exports remained at a lower figure.

In value terms, aluminium tube exports stood at $327M in 2022. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year. Over the period under review, the global exports hit record highs at $375M in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports By Country

In 2022, China (15K tons) and the United States (12K tons) were the key exporters of aluminium tubes and pipesacross the globe, together constituting 54% of total exports. Turkey (3.2K tons) ranks next in terms of the total exports with a 6.5% share, followed by the United Arab Emirates (5.4%) and Poland (5.1%). The following exporters - Saudi Arabia (1.9K tons), Italy (1.5K tons), Taiwan (Chinese) (1.3K tons), Serbia (1.1K tons), South Korea (1K tons) and Japan (0.8K tons) - together made up 15% of total exports.

From 2012 to 2022, the biggest increases were recorded for Serbia (with a CAGR of +60.4%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest aluminium tube supplying countries worldwide were the United States ($80M), China ($72M) and the United Arab Emirates ($21M), with a combined 53% share of global exports. Taiwan (Chinese), Turkey, Poland, Italy, Saudi Arabia, South Korea, Japan and Serbia lagged somewhat behind, together comprising a further 29%.

In terms of the main exporting countries, Saudi Arabia, with a CAGR of +64.1%, saw the highest rates of growth with regard to the value of exports, 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 $6,525 per ton in 2022, surging by 28% against the previous year. Overall, the export price showed a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($12,901 per ton), while Turkey ($4,684 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+15.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform