United States' Aluminium Tube Exports Plummet to $62M in 2023 - News and Statistics - IndexBox

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In 2023, overseas shipments of aluminium tubes and pipes decreased by -19.5% to 9.6K tons, falling for the fourth year in a row after four years of growth. Over the period under review, exports, however, posted modest growth. The pace of growth appeared the most rapid in 2017 with an increase of 46% against the previous year. Over the period under review, the exports hit record highs at 20K tons in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

In value terms, aluminium tube exports shrank dramatically to $62M (IndexBox estimates) in 2023. In general, total exports indicated slight growth from 2013 to 2023: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when exports increased by 31%. Over the period under review, the exports reached the peak figure at $96M in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

Mexico (8.6K tons) was the main destination for aluminium tube exports from the United States, accounting for a 89% share of total exports. Moreover, aluminium tube exports to Mexico exceeded the volume sent to the second major destination, Canada (516 tons), more than tenfold. China (43 tons) ranked third in terms of total exports with a 0.5% share.

From 2013 to 2023, the average annual growth rate of volume to Mexico amounted to +4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-1.4% per year) and China (+0.3% per year).

In value terms, Mexico ($52M) remains the key foreign market for aluminium tubes and pipes exports from the United States, comprising 84% of total exports. The second position in the ranking was taken by Canada ($4.5M), with a 7.3% share of total exports. It was followed by China, with a 1.6% share.

From 2013 to 2023, the average annual growth rate of value to Mexico amounted to +6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-2.8% per year) and China (+11.0% per year).

In 2023, the aluminium tube price amounted to $6,469 per ton (FOB, US), which is down by -3.6% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when the average export price increased by 25% against the previous year. As a result, the export price attained the peak level of $6,709 per ton, and then shrank in the following year.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Canada ($8,766 per ton), while the average price for exports to Colombia ($4,379 per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+1.7%), while the prices for the other major destinations experienced a decline.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the aluminium tube market in the U.S.. 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:

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