India's Export of Aluminium Pipe Fittings Experiences a Slight Decline, Reaching $36M in 2023 - News and Statistics - IndexBox

Nov 02, 2024

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In 2023, the amount of aluminium tube or pipe fittings exported from India expanded to 6K tons, with an increase of 3% on the year before. In general, exports recorded a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of 872%. The exports peaked at 7.3K tons in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

In value terms, aluminium pipe fittings exports contracted to $36M (IndexBox estimates) in 2023. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 605% against the previous year. Over the period under review, the exports reached the peak figure at $41M in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

the United States (5.6K tons) was the main destination for aluminium pipe fittings exports from India, accounting for a 94% share of total exports. It was followed by Saudi Arabia (120 tons), with a 2% share of total exports. The third position in this ranking was taken by Germany (70 tons), with a 1.2% share.

From 2013 to 2023, the average annual rate of growth in terms of volume to the United States totaled +77.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+31.5% per year) and Germany (+39.1% per year).

In value terms, the United States ($30M) remains the key foreign market for aluminium tube or pipe fittings exports from India, comprising 83% of total exports. The second position in the ranking was taken by the UK ($2M), with a 5.6% share of total exports. It was followed by Saudi Arabia, with a 2.4% share.

From 2013 to 2023, the average annual rate of growth in terms of value to the United States stood at +75.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+17.7% per year) and Saudi Arabia (+35.7% per year).

In 2023, the aluminium pipe fittings price amounted to $5,971 per ton (FOB, India), declining by -13.5% against the previous year. In general, the export price recorded a perceptible slump. The pace of growth was the most pronounced in 2020 when the average export price increased by 32%. Over the period under review, the average export prices reached the maximum at $8,554 per ton in 2013; however, from 2014 to 2023, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Saudi Arabia ($7,055 per ton), while the average price for exports to the United States stood at $5,279 per ton.

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+3.2%).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the aluminium pipe fittings market in India. 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.

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.

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