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Mar 27, 2025

UK's Iron or Steel Pipe and Tube Market to Grow with 589K tons in Volume and $1.7B in Value by 2035 - News and Statistics - IndexBox

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform. IndexBox has just published a new report: United Kingdom - Tubes, Pipes And Hollow Profiles (Of

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IndexBox has just published a new report: United Kingdom - Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) - Market Analysis, Forecast, Size, Trends and Insights.

The article discusses the anticipated growth of the iron and steel pipe and tube market in the UK, attributing it to increasing demand. The forecasted data suggests a positive trend with a projected CAGR of +3.0% in volume and +3.8% in value from 2024 to 2035, leading to a significant market expansion by the end of the period.

Driven by rising demand for iron or steel pipe and tube in the UK, 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 +3.0% for the period from 2024 to 2035, which is projected to bring the market volume to 589K tons by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.8% for the period from 2024 to 2035, which is projected to bring the market value to $1.7B (in nominal wholesale prices) by the end of 2035.

For the fourth year in a row, the UK recorded growth in consumption of tubes, pipes and hollow profiles (of iron or steel), which increased by 13% to 428K tons in 2024. Overall, consumption, however, recorded a deep contraction. As a result, consumption attained the peak volume of 1.1M tons. From 2015 to 2024, the growth of the consumption of failed to regain momentum.

The size of the market for tubes, pipes and hollow profiles (of iron or steel) in the UK rose rapidly to $1.1B in 2024, increasing by 9.9% 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). In general, consumption, however, continues to indicate a abrupt descent. Over the period under review, the market reached the peak level at $2.3B in 2014; however, from 2015 to 2024, consumption failed to regain momentum.

In 2024, production of tubes, pipes and hollow profiles (of iron or steel) in the UK was estimated at 166K tons, remaining stable against the previous year's figure. In general, production, however, faced a deep slump. The most prominent rate of growth was recorded in 2019 with an increase of 7.4%. Over the period under review, production of hit record highs at 719K tons in 2014; however, from 2015 to 2024, production stood at a somewhat lower figure.

In value terms, production of tubes, pipes and hollow profiles (of iron or steel) rose markedly to $383M in 2024 estimated in export price. Over the period under review, production, however, faced a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. Production of peaked at $1.8B in 2014; however, from 2015 to 2024, production failed to regain momentum.

In 2024, supplies from abroad of tubes, pipes and hollow profiles (of iron or steel) increased by 11% to 619K tons, rising for the second year in a row after three years of decline. Over the period under review, imports, however, recorded a perceptible setback. The growth pace was the most rapid in 2014 when imports increased by 21% against the previous year. Over the period under review, imports of hit record highs at 970K tons in 2016; however, from 2017 to 2024, imports failed to regain momentum.

In value terms, imports of tubes, pipes and hollow profiles (of iron or steel) dropped modestly to $1.6B in 2024. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2023 with an increase of 23%. Imports peaked at $1.9B in 2014; however, from 2015 to 2024, imports failed to regain momentum.

In 2023, Turkey (176K tons) constituted the largest supplier of iron or steel pipe and tube to the UK, with a 32% share of total imports. Moreover, imports of tubes, pipes and hollow profiles (of iron or steel) from Turkey exceeded the figures recorded by the second-largest supplier, Germany (78K tons), twofold. The third position in this ranking was held by Italy (71K tons), with a 13% share.

From 2013 to 2023, the average annual rate of growth in terms of volume from Turkey amounted to +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-2.4% per year) and Italy (-0.6% per year).

In value terms, Germany ($240M), Italy ($224M) and Turkey ($186M) appeared to be the largest iron or steel pipe and tube suppliers to the UK, with a combined 40% share of total imports. Spain, Japan, China, France, India, Greece, the United Arab Emirates and the Netherlands lagged somewhat behind, together accounting for a further 33%.

In terms of the main suppliers, Greece, with a CAGR of +27.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

In 2024, tubes, pipes and hollow profiles (eg open seam or welded, riveted or similarly closed), of iron or steel (355K tons) constituted the largest type of tubes, pipes and hollow profiles (of iron or steel) supplied to the UK, accounting for a 57% share of total imports. Moreover, tubes, pipes and hollow profiles (eg open seam or welded, riveted or similarly closed), of iron or steel exceeded the figures recorded for the second-largest type, tubes, pipes and hollow profiles, seamless, of iron (other than cast iron) or steel (153K tons), twofold. Tubes and pipes (eg welded, riveted or similarly closed), internal and external circular cross-sections, external diameter of which exceeds 406.4mm, of iron or steel (74K tons) ranked third in terms of total imports with a 12% share.

From 2013 to 2024, the average annual rate of growth in terms of the volume of tubes, pipes and hollow profiles (eg open seam or welded, riveted or similarly closed), of iron or steel imports stood at -1.1%. With regard to the other supplied products, the following average annual rates of growth were recorded: tubes, pipes and hollow profiles, seamless, of iron (other than cast iron) or steel (-4.3% per year) and tubes and pipes (eg welded, riveted or similarly closed), internal and external circular cross-sections, external diameter of which exceeds 406.4mm, of iron or steel (-1.9% per year).

In value terms, tubes, pipes and hollow profiles, seamless, of iron (other than cast iron) or steel ($735M), tubes, pipes and hollow profiles (eg open seam or welded, riveted or similarly closed), of iron or steel ($594M) and tubes and pipes (eg welded, riveted or similarly closed), internal and external circular cross-sections, external diameter of which exceeds 406.4mm, of iron or steel ($174M) appeared to be the most imported types of tubes, pipes and hollow profiles (of iron or steel) in the UK, together accounting for 96% of total imports. These products were followed by tubes, pipes and hollow profiles, of cast iron, which accounted for a further 3.9%.

Tubes, pipes and hollow profiles, of cast iron, with a CAGR of +0.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main product categories over the period under review, while purchases for the other products experienced a decline.

In 2024, the average import price for tubes, pipes and hollow profiles (of iron or steel) amounted to $2,530 per ton, dropping by -13.5% against the previous year. Overall, import price indicated a slight expansion from 2013 to 2024: its price increased at an average annual rate of +1.3% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, import price for tubes, pipes and hollow profiles (of iron or steel) increased by +42.4% against 2020 indices. The growth pace was the most rapid in 2022 an increase of 34%. The import price peaked at $2,925 per ton in 2023, and then dropped in the following year.

There were significant differences in the average prices amongst the major supplied products. In 2024, the product with the highest price was tubes, pipes and hollow profiles, seamless, of iron (other than cast iron) or steel ($4,819 per ton), while the price for tubes, pipes and hollow profiles, of cast iron ($1,671 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by tubes, pipes and hollow profiles, seamless, of iron (other than cast iron) or steel (+3.6%), while the prices for the other products experienced mixed trend patterns.

The average import price for tubes, pipes and hollow profiles (of iron or steel) stood at $2,925 per ton in 2023, jumping by 17% against the previous year. In general, import price indicated pronounced growth from 2013 to 2023: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, import price for tubes, pipes and hollow profiles (of iron or steel) increased by +64.6% against 2020 indices. The pace of growth appeared the most rapid in 2022 when the average import price increased by 34% against the previous year. The import price peaked in 2023 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Japan ($4,218 per ton), while the price for the United Arab Emirates ($964 per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by France (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

In 2024, shipments abroad of tubes, pipes and hollow profiles (of iron or steel) increased by 3.9% to 357K tons, rising for the second year in a row after two years of decline. In general, exports, however, recorded a noticeable slump. The growth pace was the most rapid in 2020 when exports increased by 38%. As a result, the exports attained the peak of 576K tons. From 2021 to 2024, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of tubes, pipes and hollow profiles (of iron or steel) contracted to $837M in 2024. Overall, exports, however, recorded a perceptible descent. The pace of growth was the most pronounced in 2023 with an increase of 16%. The exports peaked at $1.4B in 2014; however, from 2015 to 2024, the exports failed to regain momentum.

Germany (48K tons), Qatar (33K tons) and Ireland (29K tons) were the main destinations of exports of tubes, pipes and hollow profiles (of iron or steel) from the UK, with a combined 32% share of total exports.

From 2013 to 2023, the biggest increases were recorded for Qatar (with a CAGR of +30.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron or steel pipe and tube exported from the UK were Qatar ($115M), the United States ($89M) and Germany ($83M), with a combined 29% share of total exports.

Qatar, with a CAGR of +29.3%, 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.

Tubes, pipes and hollow profiles (eg open seam or welded, riveted or similarly closed), of iron or steel (283K tons) was the largest type of tubes, pipes and hollow profiles (of iron or steel) exported from the UK, accounting for a 79% share of total exports. Moreover, tubes, pipes and hollow profiles (eg open seam or welded, riveted or similarly closed), of iron or steel exceeded the volume of the second product type, tubes, pipes and hollow profiles, seamless, of iron (other than cast iron) or steel (39K tons), sevenfold. The third position in this ranking was held by tubes and pipes (eg welded, riveted or similarly closed), internal and external circular cross-sections, external diameter of which exceeds 406.4mm, of iron or steel (32K tons), with an 8.9% share.

From 2013 to 2024, the average annual rate of growth in terms of the volume of tubes, pipes and hollow profiles (eg open seam or welded, riveted or similarly closed), of iron or steel exports was relatively modest. With regard to the other exported products, the following average annual rates of growth were recorded: tubes, pipes and hollow profiles, seamless, of iron (other than cast iron) or steel (-10.3% per year) and tubes and pipes (eg welded, riveted or similarly closed), internal and external circular cross-sections, external diameter of which exceeds 406.4mm, of iron or steel (-11.3% per year).

In value terms, tubes, pipes and hollow profiles (of iron or steel) with the largest exports in the UK were tubes, pipes and hollow profiles (eg open seam or welded, riveted or similarly closed), of iron or steel ($424M), tubes, pipes and hollow profiles, seamless, of iron (other than cast iron) or steel ($311M) and tubes and pipes (eg welded, riveted or similarly closed), internal and external circular cross-sections, external diameter of which exceeds 406.4mm, of iron or steel ($84M), together accounting for 98% of total exports. These products were followed by tubes, pipes and hollow profiles, of cast iron, which accounted for a further 2.3%.

Among the main product categories, tubes, pipes and hollow profiles, of cast iron, with a CAGR of +1.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other products experienced mixed trend patterns.

The average export price for tubes, pipes and hollow profiles (of iron or steel) stood at $2,346 per ton in 2024, reducing by -17.7% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 33% against the previous year. The export price peaked at $2,850 per ton in 2023, and then shrank significantly in the following year.

There were significant differences in the average prices for the major types of exported product. In 2024, the product with the highest price was tubes, pipes and hollow profiles, seamless, of iron (other than cast iron) or steel ($8,056 per ton), while the average price for exports of tubes, pipes and hollow profiles (eg open seam or welded, riveted or similarly closed), of iron or steel ($1,498 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: tubes, pipes and hollow profiles, seamless, of iron (other than cast iron) or steel (+4.8%), while the prices for the other products experienced more modest paces of growth.

The average export price for tubes, pipes and hollow profiles (of iron or steel) stood at $2,850 per ton in 2023, picking up by 15% against the previous year. Overall, export price indicated slight growth from 2013 to 2023: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, export price for tubes, pipes and hollow profiles (of iron or steel) increased by +96.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 33% against the previous year. The export price peaked in 2023 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($4,096 per ton), while the average price for exports to Finland ($1,099 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 the United States (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for iron or steel pipe and tube in the UK. 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.

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

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