Aluminium Alloy Tube Market

The article presents an in-depth analysis of the global market for aluminium alloy tubes and pipes, including consumption trends, market performance forecasts, production volumes, import and export statistics, and key players in the industry. The data indicates a steady increase in demand for aluminium alloy tubes and pipes, with China leading in both production and export volumes. The market is projected to experience growth in consumption and value, with various countries showing different rates of growth and price fluctuations.

Market Forecast

Driven by increasing demand for aluminium alloy 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 decelerate, expanding with an anticipated CAGR of +1.5% for the period from 2022 to 2030, which is projected to bring the market volume to 1.2M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.3% for the period from 2022 to 2030, which is projected to bring the market value to $8.5B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Aluminium Alloy Tubes And Pipes

In 2022, the amount of aluminium alloy tubes and pipes consumed worldwide totaled 1M tons, remaining relatively unchanged against the previous year. The total consumption volume increased at an average annual rate of +2.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of 5.5%. Global consumption peaked in 2022 and is expected to retain growth in the near future.

The global aluminium alloy tube market revenue declined slightly to $6.5B in 2022, remaining constant 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). The market value increased at an average annual rate of +3.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $6.6B, leveling off in the following year.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (217K tons), the United States (115K tons) and India (87K tons), together comprising 41% of global consumption. Japan, Germany, Russia, Indonesia, Romania, Mexico, Turkey, Democratic Republic of the Congo, Canada and South Korea lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +16.3%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest aluminium alloy tube markets worldwide were China ($871M), the United States ($741M) and Japan ($626M), with a combined 34% share of the global market. Turkey, India, Germany, Russia, Mexico, Indonesia, Canada, Romania, Democratic Republic of the Congo and South Korea lagged somewhat behind, together comprising a further 32%.

Romania, with a CAGR of +15.2%, saw the highest rates of growth with regard to market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of aluminium alloy tube per capita consumption was registered in Romania (1,270 kg per 1000 persons), followed by Germany (564 kg per 1000 persons), Canada (422 kg per 1000 persons) and Japan (417 kg per 1000 persons), while the world average per capita consumption of aluminium alloy tube was estimated at 131 kg per 1000 persons.

In Romania, aluminium alloy tube per capita consumption increased at an average annual rate of +16.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (-0.1% per year) and Canada (-1.3% per year).

Production

World Production of Aluminium Alloy Tubes And Pipes

In 2022, the amount of aluminium alloy tubes and pipes produced worldwide reduced to 1M tons, declining by -1.7% compared with 2021 figures. The total output volume increased at an average annual rate of +2.8% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 9.8%. Over the period under review, global production reached the peak volume at 1.1M tons in 2021, and then declined in the following year.

In value terms, aluminium alloy tube production declined to $7B in 2022 estimated in export price. In general, the total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.1% 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 +18.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the production volume increased by 28%. As a result, production attained the peak level of $7.6B, and then dropped in the following year.

Production By Country

The country with the largest volume of aluminium alloy tube production was China (320K tons), accounting for 31% of total volume. Moreover, aluminium alloy tube production in China exceeded the figures recorded by the second-largest producer, the United States (118K tons), threefold. The third position in this ranking was held by India (79K tons), with a 7.6% share.

In China, aluminium alloy tube production increased at an average annual rate of +4.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (+4.5% per year) and India (+3.6% per year).

Imports

World Imports of Aluminium Alloy Tubes And Pipes

In 2022, the amount of aluminium alloy tubes and pipes imported worldwide reduced to 363K tons, waning by -4.8% on the previous year. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 18%. As a result, imports attained the peak of 381K tons, and then fell in the following year.

In value terms, aluminium alloy tube imports expanded notably to $2.4B in 2022. The total import value increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year. Global imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports By Country

In 2022, Germany (53K tons), followed by the United States (32K tons), Mexico (26K tons), Canada (18K tons) and Poland (17K tons) represented the key importers of aluminium alloy tubes and pipes, together generating 40% of total imports. The following importers - the Czech Republic (14K tons), France (13K tons), Thailand (13K tons), the Netherlands (13K tons), India (11K tons), Austria (8.6K tons), Slovenia (8K tons) and Belgium (7.1K tons) - together made up 24% of total imports.

From 2012 to 2022, the biggest increases were recorded for Slovenia (with a CAGR of +21.2%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($296M), the United States ($227M) and Mexico ($190M) appeared to be the countries with the highest levels of imports in 2022, with a combined 30% share of global imports. The Czech Republic, Canada, Poland, France, the Netherlands, Thailand, India, Austria, Slovenia and Belgium lagged somewhat behind, together accounting for a further 34%.

Among the main importing countries, Slovenia, with a CAGR of +24.5%, saw the highest rates of growth with regard to 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 alloy tube import price amounted to $6,558 per ton, growing by 20% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. As a result, import price reached the peak level and is likely to continue 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 the Czech Republic ($8,736 per ton), while Belgium ($5,496 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+3.5%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Aluminium Alloy Tubes And Pipes

In 2022, global exports of aluminium alloy tubes and pipes dropped to 372K tons, shrinking by -10.2% against 2021. The total export volume increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 26%. As a result, the exports reached the peak of 414K tons, and then contracted in the following year.

In value terms, aluminium alloy tube exports expanded modestly to $2.5B in 2022. The total export value increased at an average annual rate of +2.9% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 35%. Over the period under review, the global exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports By Country

In 2022, China (107K tons) represented the main exporter of aluminium alloy tubes and pipes, committing 29% of total exports. The United States (35K tons) ranks second in terms of the total exports with a 9.4% share, followed by Belgium (8.3%) and Germany (7.6%). Denmark (15K tons), Italy (15K tons), South Africa (14K tons), Mexico (14K tons), Vietnam (9.6K tons), the Czech Republic (7.7K tons), Bulgaria (7.2K tons), South Korea (7.1K tons) and the Netherlands (7K tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +3.9% from 2012 to 2022. At the same time, Vietnam (+50.1%), Belgium (+10.5%), the Netherlands (+5.6%) and Mexico (+4.7%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of +50.1% from 2012-2022. Denmark, the United States, the Czech Republic, South Africa, Italy and South Korea experienced a relatively flat trend pattern. By contrast, Bulgaria (-1.1%) and Germany (-2.9%) illustrated a downward trend over the same period. China (+5.5 p.p.), Belgium (+4.7 p.p.) and Vietnam (+2.5 p.p.) significantly strengthened its position in terms of the global exports, while Germany saw its share reduced by -4.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($540M) remains the largest aluminium alloy tube supplier worldwide, comprising 22% of global exports. The second position in the ranking was taken by the United States ($267M), with an 11% share of global exports. It was followed by Germany, with an 11% share.

In China, aluminium alloy tube exports increased at an average annual rate of +6.5% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the United States (+2.6% per year) and Germany (-2.9% per year).

Export Prices By Country

In 2022, the average aluminium alloy tube export price amounted to $6,610 per ton, jumping by 16% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. 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 Germany ($9,271 per ton), while Bulgaria ($4,964 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+5.1%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform