Australia's Steel Tube Fitting Market to Reach 52K Tons and $183M by 2035 - News and Statistics - IndexBox

Mar 15, 2025

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IndexBox has just published a new report: Australia - Tube Or Pipe Fittings (Of Iron Or Steel) - Market Analysis, Forecast, Size, Trends and Insights.

The iron or steel tube fitting market in Australia is anticipated to see a slight increase in performance, with a projected CAGR of +1.2% in volume and +1.7% in value from 2024 to 2035. By the end of 2035, market volume is expected to reach 52K tons and market value is projected to reach $183M in nominal prices.

Driven by rising demand for iron or steel tube fitting in Australia, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +1.2% for the period from 2024 to 2035, which is projected to bring the market volume to 52K tons by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +1.7% for the period from 2024 to 2035, which is projected to bring the market value to $183M (in nominal wholesale prices) by the end of 2035.

In 2024, consumption of tube or pipe fittings (of iron or steel) decreased by -5.7% to 45K tons, falling for the second year in a row after two years of growth. In general, consumption saw a pronounced shrinkage. Over the period under review, consumption reached the maximum volume at 84K tons in 2022; however, from 2023 to 2024, consumption remained at a lower figure.

The revenue of the market for tube or pipe fittings (of iron or steel) in Australia contracted to $151M in 2024, declining by -12.2% 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). Over the period under review, consumption continues to indicate a noticeable shrinkage. Over the period under review, the market hit record highs at $328M in 2022; however, from 2023 to 2024, consumption failed to regain momentum.

In 2024, iron or steel tube fitting production in Australia dropped modestly to 67K tons, which is down by -4.4% against the year before. Overall, production, however, showed a significant increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by 211%. Iron or steel tube fitting production peaked at 76K tons in 2021; however, from 2022 to 2024, production stood at a somewhat lower figure.

In value terms, iron or steel tube fitting production contracted to $531M in 2024 estimated in export price. Over the period under review, production, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2015 when the production volume increased by 208%. Iron or steel tube fitting production peaked at $618M in 2021; however, from 2022 to 2024, production failed to regain momentum.

In 2024, overseas purchases of tube or pipe fittings (of iron or steel) decreased by -35.8% to 9.4K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a deep setback. The pace of growth was the most pronounced in 2022 when imports increased by 19% against the previous year. Over the period under review, imports hit record highs at 68K tons in 2013; however, from 2014 to 2024, imports remained at a lower figure.

In value terms, iron or steel tube fitting imports surged to $596M in 2024. In general, imports, however, saw tangible growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In 2023, China (18K tons) was the main supplier of iron or steel tube fitting to Australia, with a 125% share of total imports. Moreover, iron or steel tube fitting imports from China exceeded the figures recorded by the second-largest supplier, the United States (3.4K tons), fivefold. Italy (2.4K tons) ranked third in terms of total imports with a 16% share.

From 2013 to 2023, the average annual growth rate of volume from China stood at -4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.6% per year) and Italy (-3.0% per year).

In value terms, China ($146M) constituted the largest supplier of tube or pipe fittings (of iron or steel) to Australia, comprising 45% of total imports. The second position in the ranking was taken by the United States ($45M), with a 14% share of total imports. It was followed by Italy, with an 8.3% share.

From 2013 to 2023, the average annual growth rate of value from China stood at +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.7% per year) and Italy (+0.3% per year).

Tube or pipe butt welding fittings, other than stainless steel (3.8K tons), tube or pipe fittings of non-stainless steel, other than flanges, elbows, bends, sleeves or butt welding fittings (2.1K tons) and iron or steel cast fittings, other than of non-malleable cast iron (1K tons) were the main products of iron or steel tube fitting imports to Australia, together accounting for 74% of total imports. Tube or pipe flanges, other than stainless steel, tube or pipe threaded elbows, bends and sleeves of stainless steel, tube or pipe flanges of stainless steel, tube or pipe threaded elbows, bends and sleeves, other than stainless steel, tube or pipe fittings of non-malleable cast iron, tube or pipe butt welding fittings of stainless steel and tube or pipe fittings of stainless steel, other than flanges, elbows, bends, sleeves or butt welding fittings lagged somewhat behind, together accounting for a further 26%.

From 2013 to 2024, the most notable rate of growth in terms of purchases, amongst the major product types, was attained by tube or pipe threaded elbows, bends and sleeves of stainless steel (with a CAGR of +5.1%), while imports for the other products experienced a decline.

In value terms, tube or pipe flanges of stainless steel ($178M), tube or pipe fittings of non-stainless steel, other than flanges, elbows, bends, sleeves or butt welding fittings ($140M) and tube or pipe threaded elbows, bends and sleeves, other than stainless steel ($67M) constituted the most imported types of tube or pipe fittings (of iron or steel) in Australia, together accounting for 65% of total imports.

In terms of the main product categories, tube or pipe flanges of stainless steel, with a CAGR of +25.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other products experienced more modest paces of growth.

In 2024, the average import price for tube or pipe fittings (of iron or steel) amounted to $63,478 per ton, with an increase of 187% against the previous year. Overall, the import price recorded a significant expansion. 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 supplied products. In 2024, the product with the highest price was tube or pipe flanges of stainless steel ($563,453 per ton), while the price for tube or pipe butt welding fittings, other than stainless steel ($9,783 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by tube or pipe flanges of stainless steel (+49.7%), while the prices for the other products experienced more modest paces of growth.

In 2023, the average import price for tube or pipe fittings (of iron or steel) amounted to $22,129 per ton, rising by 131% against the previous year. Over the period under review, the import price saw a buoyant increase. As a result, import 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 importers, the country with the highest price was Germany ($13,469 per ton), while the price for China ($8,006 per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Thailand (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Iron or steel tube fitting exports from Australia dropped notably to 31K tons in 2024, with a decrease of -15.3% compared with the previous year's figure. In general, exports, however, saw a strong increase. The most prominent rate of growth was recorded in 2015 when exports increased by 533% against the previous year. Over the period under review, the exports attained the maximum at 37K tons in 2016; however, from 2017 to 2024, the exports failed to regain momentum.

In value terms, iron or steel tube fitting exports skyrocketed to $62M in 2024. Over the period under review, exports, however, continue to indicate a noticeable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

New Zealand (7.6K tons) was the main destination for iron or steel tube fitting exports from Australia, with a 21% share of total exports. Moreover, iron or steel tube fitting exports to New Zealand exceeded the volume sent to the second major destination, Papua New Guinea (3K tons), twofold. The third position in this ranking was held by the United States (2.3K tons), with a 6.2% share.

From 2013 to 2023, the average annual growth rate of volume to New Zealand stood at +10.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (+13.2% per year) and the United States (+29.6% per year).

In value terms, Papua New Guinea ($9.6M), Singapore ($8.2M) and New Zealand ($8.1M) constituted the largest markets for iron or steel tube fitting exported from Australia worldwide, with a combined 53% share of total exports. Indonesia, the United States, China, the UK and Finland lagged somewhat behind, together comprising a further 19%.

Indonesia, with a CAGR of +6.8%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Tube or pipe fittings of non-stainless steel, other than flanges, elbows, bends, sleeves or butt welding fittings (25K tons) was the largest type of tube or pipe fittings (of iron or steel) exported from Australia, accounting for a 80% share of total exports. Moreover, tube or pipe fittings of non-stainless steel, other than flanges, elbows, bends, sleeves or butt welding fittings exceeded the volume of the second product type, tube or pipe flanges, other than stainless steel (2K tons), more than tenfold. Tube or pipe threaded elbows, bends and sleeves, other than stainless steel (1.8K tons) ranked third in terms of total exports with a 5.9% share.

From 2013 to 2024, the average annual growth rate of the volume of tube or pipe fittings of non-stainless steel, other than flanges, elbows, bends, sleeves or butt welding fittings exports stood at +26.9%. With regard to the other exported products, the following average annual rates of growth were recorded: tube or pipe flanges, other than stainless steel (+23.2% per year) and tube or pipe threaded elbows, bends and sleeves, other than stainless steel (+16.1% per year).

In value terms, tube or pipe fittings of non-stainless steel, other than flanges, elbows, bends, sleeves or butt welding fittings ($38M) remains the largest type of tube or pipe fittings (of iron or steel) exported from Australia, comprising 62% of total exports. The second position in the ranking was taken by tube or pipe fittings of stainless steel, other than flanges, elbows, bends, sleeves or butt welding fittings ($6.4M), with a 10% share of total exports. It was followed by tube or pipe flanges of stainless steel, with a 6.9% share.

From 2013 to 2024, the average annual growth rate of the value of tube or pipe fittings of non-stainless steel, other than flanges, elbows, bends, sleeves or butt welding fittings exports totaled +4.9%. With regard to the other exported products, the following average annual rates of growth were recorded: tube or pipe fittings of stainless steel, other than flanges, elbows, bends, sleeves or butt welding fittings (-0.7% per year) and tube or pipe flanges of stainless steel (+7.2% per year).

In 2024, the average export price for tube or pipe fittings (of iron or steel) amounted to $2,019 per ton, with an increase of 51% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2019 when the average export price increased by 127%. The export price peaked at $10,098 per ton in 2013; however, from 2014 to 2024, the export prices failed to regain momentum.

There were significant differences in the average prices for the major types of exported product. In 2024, the product with the highest price was tube or pipe butt welding fittings, other than stainless steel ($18,186 per ton), while the average price for exports of tube or pipe fittings of non-stainless steel, other than flanges, elbows, bends, sleeves or butt welding fittings ($1,544 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was recorded for the following types: tube or pipe butt welding fittings, other than stainless steel (+6.4%), while the prices for the other products experienced more modest paces of growth.

In 2023, the average export price for tube or pipe fittings (of iron or steel) amounted to $1,333 per ton, declining by -32.5% against the previous year. Over the period under review, the export price saw a abrupt contraction. The pace of growth was the most pronounced in 2019 when the average export price increased by 127% against the previous year. The export price peaked at $10,098 per ton in 2013; however, from 2014 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($9,331 per ton), while the average price for exports to Finland ($34 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 Indonesia (+1.9%), 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 market for iron or steel tube fitting in Australia. 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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Finding New Products to Diversify Your Business

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Choosing the Best Countries to Boost Your Exports

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