Southern Asia: 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 Southern Asia

In 2022, the South Asian market for tubes, pipes and hollow profiles (of iron or steel) decreased by X% to $X, falling for the fourth consecutive year after seven years of growth. The total consumption indicated a strong 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, consumption decreased by X% against 2018 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) in Southern Asia

In value terms, production of tubes, pipes and hollow profiles (of iron or steel) totaled $X in 2022 estimated in export price. The total production indicated a resilient 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 decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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

Exports in Southern Asia

Exports of tubes, pipes and hollow profiles (of iron or steel) expanded significantly to X tons in 2022, picking up by X% compared with 2021. In general, exports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of tubes, pipes and hollow profiles (of iron or steel) skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate a pronounced setback. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India prevails in steel) structure, amounting to X tons, which was approx. X% of total exports in 2022. Pakistan (X tons) took a minor share of total exports.

India was also the fastest-growing in terms of the tubes, pipes and hollow profiles (of iron or steel) exports, with a CAGR of X% from 2012 to 2022. Pakistan (X%) illustrated a downward trend over the same period. India (X p.p.) significantly strengthened its position in terms of the total exports, while Pakistan saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, India ($X) remains the largest iron or steel pipe and tube supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by Pakistan ($X), with a X% share of total exports.

In India, exports of tubes, pipes and hollow profiles (of iron or steel) shrank by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, picking up by X% against the previous year. Export price indicated notable growth 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. Based on 2022 figures, export price for tubes, pipes and hollow profiles (of iron or steel) increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2018 when the export price increased by X%. The level of export peaked in 2022 and is likely to see steady growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while Pakistan stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (X%).

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

Imports in Southern Asia

In 2022, approx. X tons of tubes, pipes and hollow profiles (of iron or steel) were imported in Southern Asia; reducing by X% compared with 2021. Over the period under review, imports recorded a mild downturn. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of tubes, pipes and hollow profiles (of iron or steel) reduced to $X in 2022. In general, imports showed a mild downturn. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2022, India (X tons) represented the key importer of tubes, pipes and hollow profiles (of iron or steel), mixing up X% of total imports. Pakistan (X tons) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Bangladesh (X%). Nepal (X tons) and Sri Lanka (X tons) held a minor share of total imports.

Imports into India decreased at an average annual rate of X% from 2012 to 2022. At the same time, Nepal (X%) and Bangladesh (X%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. Pakistan experienced a relatively flat trend pattern. By contrast, Sri Lanka (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Bangladesh, Nepal and Pakistan increased by X, X and X percentage points, respectively.

In value terms, India ($X) constitutes the largest market for imported tubes, pipes and hollow profiles (of iron or steel) in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a X% share of total imports. It was followed by Pakistan, with a X% share.

From 2012 to 2022, the average annual growth rate of value in India totaled X%. In the other countries, the average annual rates were as follows: Bangladesh (X% per year) and Pakistan (X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, picking up by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X%. Over the period under review, import prices attained the maximum at $X 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 India ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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