Global Aluminium Alloy Tubes and Pipes Market: Market Volume to Reach 1M Tons and Market Value to Reach $7.3B by 2035 - News and Statistics - IndexBox

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IndexBox has just published a new report: World - Aluminium Alloy Tubes And Pipes - Market Analysis, Forecast, Size, Trends And Insights.

The demand for aluminium alloy tubes and pipes is on the rise worldwide, leading to a projected CAGR of +0.8% in market volume and +2.0% in market value from 2024 to 2035. By the end of 2035, the market is expected to reach a volume of 1M tons and a value of $7.3B (in nominal wholesale prices).

Driven by increasing demand for aluminium alloy tubes and pipes worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +0.8% for the period from 2024 to 2035, which is projected to bring the market volume to 1M tons by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +2.0% for the period from 2024 to 2035, which is projected to bring the market value to $7.3B (in nominal wholesale prices) by the end of 2035.

In 2024, consumption of aluminium alloy tubes and pipes decreased by -3.4% to 951K tons, falling for the second consecutive year after three years of growth. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the consumption volume increased by 3%. Over the period under review, global consumption hit record highs at 1M tons in 2022; however, from 2023 to 2024, consumption failed to regain momentum.

The global aluminium alloy tube market value declined modestly to $5.9B in 2024, dropping by -3% 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 +1.6% over the period from 2013 to 2024; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. Global consumption peaked at $6.1B in 2022; however, from 2023 to 2024, consumption stood at a somewhat lower figure.

China (208K tons) remains the largest aluminium alloy tube consuming country worldwide, accounting for 22% of total volume. Moreover, aluminium alloy tube consumption in China exceeded the figures recorded by the second-largest consumer, India (86K tons), twofold. The third position in this ranking was held by the United States (84K tons), with an 8.8% share.

From 2013 to 2024, the average annual rate of growth in terms of volume in China stood at +1.8%. In the other countries, the average annual rates were as follows: India (+1.8% per year) and the United States (+1.2% per year).

In value terms, the largest aluminium alloy tube markets worldwide were China ($878M), the United States ($624M) and Japan ($443M), with a combined 33% share of the global market. India, Italy, Germany, Mexico, Russia, Indonesia and the Czech Republic lagged somewhat behind, together accounting for a further 24%.

In terms of the main consuming countries, India, with a CAGR of +4.0%, recorded the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2024, the highest levels of aluminium alloy tube per capita consumption was registered in the Czech Republic (1,783 kg per 1000 persons), followed by Germany (441 kg per 1000 persons), Italy (373 kg per 1000 persons) and Japan (361 kg per 1000 persons), while the world average per capita consumption of aluminium alloy tube was estimated at 118 kg per 1000 persons.

In the Czech Republic, aluminium alloy tube per capita consumption shrank by an average annual rate of -3.7% over the period from 2013-2024. In the other countries, the average annual rates were as follows: Germany (-2.3% per year) and Italy (-0.7% per year).

In 2024, production of aluminium alloy tubes and pipes decreased by -2.9% to 967K tons, falling for the third consecutive year after two years of growth. Overall, production, however, showed slight growth. The pace of growth appeared the most rapid in 2021 when the production volume increased by 6.2% against the previous year. As a result, production reached the peak volume of 1M tons. From 2022 to 2024, global production growth failed to regain momentum.

In value terms, aluminium alloy tube production contracted modestly to $5.9B in 2024 estimated in export price. The total output value increased at an average annual rate of +1.9% from 2013 to 2024; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2020 with an increase of 9.2%. Over the period under review, global production hit record highs at $6.2B in 2022; however, from 2023 to 2024, production remained at a lower figure.

The country with the largest volume of aluminium alloy tube production was China (331K tons), accounting for 34% of total volume. Moreover, aluminium alloy tube production in China exceeded the figures recorded by the second-largest producer, the United States (93K tons), fourfold. The third position in this ranking was held by India (77K tons), with a 7.9% share.

From 2013 to 2024, the average annual growth rate of volume in China stood at +2.5%. The remaining producing countries recorded the following average annual rates of production growth: the United States (+0.7% per year) and India (+1.7% per year).

In 2024, approx. 313K tons of aluminium alloy tubes and pipes were imported worldwide; reducing by -9.3% on 2023. Over the period under review, imports recorded a mild contraction. The pace of growth appeared the most rapid in 2021 with an increase of 17%. Over the period under review, global imports reached the maximum at 386K tons in 2014; however, from 2015 to 2024, imports stood at a somewhat lower figure.

In value terms, aluminium alloy tube imports contracted to $2B in 2024. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 30%. Over the period under review, global imports reached the peak figure at $2.4B in 2022; however, from 2023 to 2024, imports failed to regain momentum.

Germany (35K tons), Mexico (31K tons), the United States (24K tons), the Czech Republic (17K tons), Canada (15K tons), Poland (14K tons), Thailand (13K tons), India (12K tons) and France (8.4K tons) represented roughly 54% of total imports in 2024. Austria (7.5K tons) followed a long way behind the leaders.

From 2013 to 2024, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Mexico (with a CAGR of +2.9%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, Mexico ($251M), Germany ($188M) and the United States ($187M) appeared to be the countries with the highest levels of imports in 2024, with a combined 31% share of global imports.

Among the main importing countries, Mexico, with a CAGR of +6.1%, saw 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.

The average aluminium alloy tube import price stood at $6,489 per ton in 2024, almost unchanged from the previous year. Over the last eleven-year period, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2022 an increase of 20%. As a result, import price attained the peak level of $6,578 per ton. From 2023 to 2024, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2024, amid the top importers, the country with the highest price was Mexico ($8,033 per ton), while Austria ($4,841 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Mexico (+3.2%), while the other global leaders experienced more modest paces of growth.

For the third year in a row, the global market recorded decline in shipments abroad of aluminium alloy tubes and pipes, which decreased by -7.9% to 328K tons in 2024. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 26%. As a result, the exports reached the peak of 416K tons. From 2022 to 2024, the growth of the global exports failed to regain momentum.

In value terms, aluminium alloy tube exports fell to $2.1B in 2024. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 35%. The global exports peaked at $2.5B in 2022; however, from 2023 to 2024, the exports remained at a lower figure.

China was the major exporter of aluminium alloy tubes and pipes in the world, with the volume of exports recording 126K tons, which was approx. 38% of total exports in 2024. The United States (33K tons) ranks second in terms of the total exports with a 10% share, followed by Germany (6.5%). Belgium (14K tons), Mexico (12K tons), Italy (11K tons), Denmark (11K tons), South Africa (9.2K tons), Vietnam (9.1K tons) and South Korea (7K tons) took a minor share of total exports.

From 2013 to 2024, average annual rates of growth with regard to aluminium alloy tube exports from China stood at +3.0%. At the same time, Vietnam (+19.9%), Mexico (+4.1%) and Belgium (+3.4%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of +19.9% from 2013-2024. The United States experienced a relatively flat trend pattern. By contrast, South Korea (-1.8%), Italy (-2.3%), Denmark (-2.5%), South Africa (-4.3%) and Germany (-4.6%) illustrated a downward trend over the same period. From 2013 to 2024, the share of China and Vietnam increased by +11 and +2.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($554M) remains the largest aluminium alloy tube supplier worldwide, comprising 26% of global exports. The second position in the ranking was held by the United States ($265M), with a 12% share of global exports. It was followed by Germany, with a 12% share.

From 2013 to 2024, the average annual growth rate of value in China stood at +4.0%. In the other countries, the average annual rates were as follows: the United States (+2.1% per year) and Germany (-2.9% per year).

In 2024, the average aluminium alloy tube export price amounted to $6,469 per ton, shrinking by -2.2% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 an increase of 17% against the previous year. As a result, the export price attained the peak level of $6,621 per ton. From 2023 to 2024, the average export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2024, amid the top suppliers, the country with the highest price was Germany ($11,637 per ton), while China ($4,411 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Belgium (+2.8%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global aluminium alloy tube 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.

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

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:

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.

Making Data-Driven Decisions to Grow Your Business

A Quick Overview of Market Performance

Understanding the Current State of The Market and its Prospects

Finding New Products to Diversify Your Business

Choosing the Best Countries to Establish Your Sustainable Supply Chain

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The Latest Trends and Insights into The Industry

The Largest Import Supplying Countries

The Largest Destinations for Exports

The Largest Producers on The Market and Their Profiles

The Largest Markets And Their Profiles