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World - Aluminium Tube Or Pipe Fittings - Market Analysis, Forecast, Size, Trends And Insights
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The article discusses the expected decrease in consumption of aluminium pipe fittings over the period from 2022 to 2030, with forecasted CAGR and market volume and value projections. It provides insights into the market trends, production, exports, and imports of aluminium pipe fittings, highlighting key countries involved in production and trade. Detailed analysis of consumption, production, imports, and exports data from various countries is presented, along with average annual growth rates and price trends in the global aluminium pipe fittings market.
Market Forecast
The aluminium pipe fittings market is expected to start a downward consumption trend over the next eight years. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -2.2% for the eight-year period from 2022 to 2030, which is projected to depress the market volume to 1.1M tons by the end of 2030.
In value terms, the market is forecast to contract with an anticipated CAGR of +1.4% for the period from 2022 to 2030, which is projected to bring the market value to $8.9B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Aluminium Tube Or Pipe Fittings
In 2022, after two years of growth, there was decline in consumption of aluminium tube or pipe fittings, when its volume decreased by -1.4% to 1.3M tons. Overall, consumption, however, continues to indicate a significant expansion. As a result, consumption reached the peak volume of 1.4M tons, and then contracted in the following year.
The global aluminium pipe fittings market size contracted to $7.9B in 2022, which is down by -5.8% 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). Over the period under review, consumption, however, enjoyed a remarkable increase. As a result, consumption attained the peak level of $8.4B, and then shrank in the following year.
Consumption By Country
The country with the largest volume of aluminium pipe fittings consumption was Finland (1.1M tons), comprising approx. 84% of total volume. It was followed by China (30K tons), with a 2.2% share of total consumption.
In Finland, aluminium pipe fittings consumption expanded at an average annual rate of +139.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: China (-0.0% per year) and the United States (-2.0% per year).
In value terms, Finland ($4.9B) led the market, alone. The second position in the ranking was held by the United States ($424M).
In Finland, the aluminium pipe fittings market expanded at an average annual rate of +139.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (-2.4% per year) and China (+0.4% per year).
From 2012 to 2022, the average annual rate of growth in terms of the aluminium pipe fittings per capita consumption in Finland stood at +139.3%. In the other countries, the average annual rates were as follows: the United States (-2.7% per year) and China (-0.5% per year).
Production
World Production of Aluminium Tube Or Pipe Fittings
After two years of growth, production of aluminium tube or pipe fittings decreased by -1.5% to 1.3M tons in 2022. Over the period under review, production, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 when the production volume increased by 522% against the previous year. As a result, production attained the peak volume of 1.4M tons, and then contracted slightly in the following year.
In value terms, aluminium pipe fittings production totaled $3.1B in 2022 estimated in export price. Overall, the total production indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +2.7% 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 -35.1% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 52%. Over the period under review, global production reached the peak level at $4.7B in 2019; however, from 2020 to 2022, production failed to regain momentum.
Production By Country
The country with the largest volume of aluminium pipe fittings production was Finland (1.1M tons), accounting for 84% of total volume. Moreover, aluminium pipe fittings production in Finland exceeded the figures recorded by the second-largest producer, China (61K tons), more than tenfold. The third position in this ranking was taken by the United States (27K tons), with a 2% share.
In Finland, aluminium pipe fittings production expanded at an average annual rate of +101.3% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: China (+2.7% per year) and the United States (-3.2% per year).
Imports
World Imports of Aluminium Tube Or Pipe Fittings
In 2022, purchases abroad of aluminium tube or pipe fittings increased by 7% to 81K tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 27%. Over the period under review, global imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.
In value terms, aluminium pipe fittings imports stood at $1.2B in 2022. The total import value increased at an average annual rate of +4.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 26%. Over the period under review, global imports hit record highs in 2022 and are likely to see gradual growth in years to come.
Imports By Country
In 2022, the United States (10K tons), Mexico (7.2K tons), Canada (5.2K tons) and Germany (4.4K tons) was the key importer of aluminium tube or pipe fittings in the world, generating 34% of total import. The following importers - the Czech Republic (2.9K tons), the Netherlands (2.8K tons), Poland (2.5K tons), Spain (2.3K tons), the UK (2K tons), France (2K tons), China (1.8K tons), Malaysia (1.7K tons) and Belgium (1.7K tons) - together made up 24% of total imports.
From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +12.3%), while purchases for the other global leaders experienced more modest paces of growth.
In value terms, the largest aluminium pipe fittings importing markets worldwide were Mexico ($146M), the United States ($116M) and Canada ($76M), with a combined 29% share of global imports. Germany, China, the Czech Republic, the Netherlands, the UK, France, Spain, Poland, Belgium and Malaysia lagged somewhat behind, together accounting for a further 32%.
In terms of the main importing countries, the Czech Republic, with a CAGR of +10.9%, recorded the highest growth rate of the value of imports, 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 pipe fittings import price amounted to $14,252 per ton, rising by 7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2018 an increase of 7.6% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in the immediate term.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($28,388 per ton), while Malaysia ($5,338 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+4.4%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Aluminium Tube Or Pipe Fittings
In 2022, shipments abroad of aluminium tube or pipe fittings increased by 6.1% to 85K tons, rising for the second year in a row after three years of decline. The total export volume increased at an average annual rate of +3.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of 23%. Over the period under review, the global exports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.
In value terms, aluminium pipe fittings exports rose sharply to $1.2B in 2022. The total export value increased at an average annual rate of +4.9% 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 25% against the previous year. Over the period under review, the global exports hit record highs in 2022 and are likely to continue growth in years to come.
Exports By Country
In 2022, China (33K tons) represented the major exporter of aluminium tube or pipe fittings, creating 38% of total exports. It was distantly followed by the United States (8.1K tons), Italy (7.9K tons) and India (5.8K tons), together comprising a 26% share of total exports. Germany (3.6K tons), Turkey (2.9K tons), South Korea (2.7K tons), Spain (1.9K tons), the Netherlands (1.7K tons), the Czech Republic (1.6K tons), Taiwan (Chinese) (1.6K tons) and Vietnam (1.5K tons) followed a long way behind the leaders.
From 2012 to 2022, average annual rates of growth with regard to aluminium pipe fittings exports from China stood at +6.1%. At the same time, India (+30.8%), the Czech Republic (+30.1%), Vietnam (+20.1%), Italy (+14.4%), Turkey (+11.8%), Germany (+8.0%), South Korea (+7.1%), the Netherlands (+3.2%) and Taiwan (Chinese) (+1.8%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of +30.8% from 2012-2022. Spain and the United States experienced a relatively flat trend pattern. From 2012 to 2022, the share of China, India, Italy, Turkey and the Czech Republic increased by +7.6, +6.2, +5.8, +1.8 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, China ($382M) remains the largest aluminium pipe fittings supplier worldwide, comprising 33% of global exports. The second position in the ranking was taken by the United States ($161M), with a 14% share of global exports. It was followed by Germany, with an 8.7% share.
From 2012 to 2022, the average annual growth rate of value in China totaled +9.0%. The remaining exporting countries recorded the following average annual rates of exports growth: the United States (+2.1% per year) and Germany (+6.7% per year).
Export Prices By Country
In 2022, the average aluminium pipe fittings export price amounted to $13,741 per ton, picking up by 4.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2013 an increase of 8.7%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the near future.
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 ($28,440 per ton), while India ($6,860 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+3.7%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global aluminium pipe fittings market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24422670 - Aluminium tube or pipe fittings (including couplings, elbows and sleeves) (excluding fittings with taps, cocks and valves, t ube supports, bolts and nuts, clamps)
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
This report provides an in-depth analysis of the global aluminium pipe fittings market.
This report provides an in-depth analysis of the global market for aluminium tube, pipe or pipe fitting.
In value terms, aluminum tube and pipe fittings imports totaled $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; however, the trend...
In value terms, aluminum tube and pipe fittings exports amounted to $X in 2016. Overall, it indicated a remarkable growth from 2007 to 2016: the total exports value increased at an average annual r...
Global aluminium tube imports totaled X tons in 2016, waning by -X% against the previous year figure. In general, aluminium tube imports continue to indicate a relatively flat trend pattern. Th...
Global aluminium tube imports totaled X tons in 2016, waning by -X% against the previous year figure. In general, aluminium tube imports continue to indicate a relatively flat trend pattern. Th...
Germany is one of the leaders in the global aluminium tube, pipe and tube or pipe fitting trade. In 2014, Germany exported X thousand tons of aluminium tubes, pipes and tube or pipe fittings totaling X million USD, X% over the previous year. Its p