According to Chinese customs data, from January to December 2024, China's steel pipe exports totaled 11.0089 million metric tons, a 9.28% increase year-on-year. The average export price was $1,084 per ton, down 18.59% compared to the previous year. Overall, while export volumes steadily increased, prices declined due to global market fluctuations.
Key Export Destinations:
Southeast Asia and the Middle East: These regions remained the primary export markets. The United Arab Emirates, Indonesia, and Saudi Arabia were the top three destinations, with exports of 759,300 tons, 652,100 tons, and 446,100 tons respectively. Each saw year-on-year growth exceeding 24%, with Indonesia and Oman experiencing increases over 40%, highlighting their roles as rapidly expanding markets.
Export Pricing Trends:
Most countries experienced a decline in export prices, attributed to global raw material price volatility, changes in transportation costs, and intensified competition in certain markets. For instance, the average export price to the Philippines dropped by over 44%, and Vietnam saw a nearly 36% decrease, indicating heightened price competition in emerging markets.
Emerging Markets:
African and Latin American countries showed significant demand growth. Tanzania's imports surged by 186.93%, Morocco's by 146.10%, and Guinea's by 49.78%. Although the average prices in these regions remained low, the substantial volume increases suggest a release of infrastructure demand, positioning these areas as potential new growth points for China's steel pipe exports.
Price Trends and Market Dynamics:
Despite the overall decline in average export prices in 2024, China's steel pipes demonstrated enhanced competitiveness in the global market. Through product structure optimization and expanded export channels, the total export volume increased effectively.
Strategic Outlook:
The 2024 trend of "increased volume and decreased prices" in China's steel pipe exports indicates a more diversified market structure. In response to the evolving international environment, companies should consolidate traditional markets in the Middle East and Southeast Asia while actively exploring emerging markets in Africa and Latin America. Enhancing product value and service capabilities will be crucial for promoting high-quality international expansion.
Chart: China's Steel Pipe Exports in 2024
| Region | Export Volume (10,000 tons) | Year-on-Year Growth (%) | Average Export Price ($/ton) | Price Change (%) |
|---|---|---|---|---|
| United Arab Emirates | 75.93 |
35.37% |
1220 |
-14.33% |
| Indonesia | 65.21 |
44.45% |
1162 |
-12.49% |
| Saudi Arabia | 44.61 |
24.11% |
1233 |
-22.65% |
| Philippines | 44.03 |
15.84% |
743 |
-44.03% |
| Vietnam | 39.47 |
8.33% |
1308 |
-15.05% |
| Tanzania | 18.07 | 186.93% |
1240 |
-10.71% |
| Morocco | 4.73 | 146.10% |
964 |
-33.05% |
