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 2023, the South Asian market for tubes, pipes and hollow profiles (of iron or steel) decreased by X% to $X, falling for the second consecutive year after ten years of growth. Over the period under review, consumption saw a resilient increase. Over the period under review, the market reached the peak level at $X in 2021; however, from 2022 to 2023, consumption remained at a 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 2023 estimated in export price. The total production indicated strong growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2015 with an increase of X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

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

Exports in Southern Asia

In 2023, overseas shipments of tubes, pipes and hollow profiles (of iron or steel) increased by X% to X tons, rising for the third year in a row after three years of decline. Over the period under review, exports, however, saw a noticeable contraction. Over the period under review, the exports of attained the peak figure at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, exports of tubes, pipes and hollow profiles (of iron or steel) expanded rapidly to $X in 2023. In general, exports, however, recorded a mild decline. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

India (X tons) represented roughly X% of total exports in 2023.

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 2023. India (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest iron or steel pipe and tube supplier in Southern Asia.

From 2012 to 2023, the average annual rate of growth in terms of value in India was relatively modest.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2023, falling by X% against the previous year. Export price indicated a noticeable expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, export price for tubes, pipes and hollow profiles (of iron or steel) increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2022 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton, and then fell in the following year.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2023, the rate of growth in terms of prices for India amounted to X% per year.

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

Imports in Southern Asia

In 2023, approx. X tons of tubes, pipes and hollow profiles (of iron or steel) were imported in Southern Asia; growing by X% on the previous year's figure. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2023, the growth of imports of remained at a lower figure.

In value terms, imports of tubes, pipes and hollow profiles (of iron or steel) fell to $X in 2023. Overall, imports, however, saw a mild setback. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2023, the growth of imports of remained at a somewhat lower figure.

Imports by Country

India represented the main importing country with an import of around X tons, which accounted for X% of total imports. Bangladesh (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Pakistan (X%). Nepal (X tons) and Sri Lanka (X tons) took a relatively small share of total imports.

India experienced a relatively flat trend pattern with regard to volume of imports of tubes, pipes and hollow profiles (of iron or steel). 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 2012-2023. By contrast, Pakistan (X%) and Sri Lanka (X%) illustrated a downward trend over the same period. India (X p.p.), Bangladesh (X p.p.) and Nepal (X p.p.) significantly strengthened its position in terms of the total imports, while Sri Lanka and Pakistan saw its share reduced by X% and X% from 2012 to 2023, 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.

In India, imports of tubes, pipes and hollow profiles (of iron or steel) decreased by an average annual rate of X% over the period from 2012-2023. 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 2023, shrinking by X% against the previous year. Overall, the import price continues to indicate a slight descent. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2022, and then contracted in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was India ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform