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Mar 06, 2025

United States's Tube or Pipe Fittings Market to Reach 835K Tons in Volume and $4.6B in Value by 2035 - News and Statistics - IndexBox

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

The tube and pipe fittings market in the United States is expected to see steady growth in both volume and value from 2024 to 2035. With an anticipated CAGR of +0.5% in volume and -0.7% in value, the market is projected to reach 835K tons and $4.6B, respectively, by the end of 2035.

Driven by increasing demand for tube or pipe fittings (of iron or steel) in the United States, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +0.5% for the period from 2024 to 2035, which is projected to bring the market volume to 835K tons by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of -0.7% for the period from 2024 to 2035, which is projected to bring the market value to $4.6B (in nominal wholesale prices) by the end of 2035.

In 2024, the amount of tube or pipe fittings (of iron or steel) consumed in the United States amounted to 789K tons, increasing by 13% compared with the previous year's figure. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, consumption attained the peak volume at 856K tons in 2018; however, from 2019 to 2024, consumption failed to regain momentum.

The revenue of the market for tube or pipe fittings (of iron or steel) in the United States rose remarkably to $5B in 2024, increasing by 6.5% 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). Overall, the total consumption indicated a temperate increase from 2013 to 2024: its value increased at an average annual rate of +2.1% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +61.4% against 2020 indices. Iron or steel tube fitting consumption peaked in 2024 and is expected to retain growth in the immediate term.

In 2024, production of tube or pipe fittings (of iron or steel) in the United States fell to 205K tons, waning by -1.9% against the previous year. Overall, production continues to indicate a perceptible decrease. The pace of growth was the most pronounced in 2021 with an increase of 18% against the previous year. Over the period under review, production hit record highs at 299K tons in 2013; however, from 2014 to 2024, production stood at a somewhat lower figure.

In value terms, iron or steel tube fitting production reached $3.8B in 2024. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. Over the period under review, production attained the maximum level in 2024 and is likely to continue growth in the immediate term.

In 2024, approx. 681K tons of tube or pipe fittings (of iron or steel) were imported into the United States; growing by 15% compared with the previous year. The total import volume increased at an average annual rate of +1.2% from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2022 with an increase of 31% against the previous year. Imports peaked at 753K tons in 2018; however, from 2019 to 2024, imports failed to regain momentum.

In value terms, iron or steel tube fitting imports expanded notably to $3.2B in 2024. In general, total imports indicated pronounced growth from 2013 to 2024: its value increased at an average annual rate of +2.7% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, imports decreased by -4.4% against 2022 indices. The most prominent rate of growth was recorded in 2022 with an increase of 52%. As a result, imports attained the peak of $3.3B. From 2023 to 2024, the growth of imports remained at a lower figure.

China (158K tons), India (152K tons) and South Korea (55K tons) were the main suppliers of iron or steel tube fitting imports to the United States, together comprising 62% of total imports. Italy, Mexico, Vietnam, Malaysia, Thailand, Taiwan (Chinese), Canada and Germany lagged somewhat behind, together accounting for a further 30%.

From 2013 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +15.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest iron or steel tube fitting suppliers to the United States were China ($557M), India ($426M) and South Korea ($332M), with a combined 45% share of total imports. Italy, Mexico, Taiwan (Chinese), Germany, Vietnam, Canada, Thailand and Malaysia lagged somewhat behind, together comprising a further 39%.

Vietnam, with a CAGR of +18.3%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Iron or steel cast fittings, other than of non-malleable cast iron (162K tons), tube or pipe flanges, other than stainless steel (154K tons) and tube or pipe threaded elbows, bends and sleeves, other than stainless steel (129K tons) were the main products of iron or steel tube fitting imports to the United States, together accounting for 65% of total imports. Tube or pipe butt welding fittings, other than stainless steel, tube or pipe fittings of non-stainless steel, other than flanges, elbows, bends, sleeves or butt welding fittings, tube or pipe flanges of stainless steel, tube or pipe fittings of stainless steel, other than flanges, elbows, bends, sleeves or butt welding fittings, tube or pipe butt welding fittings of stainless steel, tube or pipe threaded elbows, bends and sleeves of stainless steel and tube or pipe fittings of non-malleable cast iron lagged somewhat behind, together accounting for a further 35%.

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 +4.9%), while imports for the other products experienced more modest paces of growth.

In value terms, tube or pipe fittings (of iron or steel) with the largest imports in the United States were tube or pipe threaded elbows, bends and sleeves, other than stainless steel ($587M), iron or steel cast fittings, other than of non-malleable cast iron ($490M) and tube or pipe fittings of non-stainless steel, other than flanges, elbows, bends, sleeves or butt welding fittings ($469M), together comprising 49% of total imports. Tube or pipe fittings of stainless steel, other than flanges, elbows, bends, sleeves or butt welding fittings, tube or pipe flanges, other than stainless steel, tube or pipe butt welding fittings, other than stainless steel, tube or pipe flanges of stainless steel, tube or pipe butt welding fittings of stainless steel, tube or pipe threaded elbows, bends and sleeves of stainless steel and tube or pipe fittings of non-malleable cast iron lagged somewhat behind, together comprising a further 51%.

Among the main product categories, tube or pipe fittings of stainless steel, other than flanges, elbows, bends, sleeves or butt welding fittings, with a CAGR of +7.5%, saw the highest growth rate of 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 $4,678 per ton, declining by -6.5% against the previous year. Over the last eleven years, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2022 an increase of 16%. The import price peaked at $5,004 per ton in 2023, and then declined 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 tube or pipe fittings of stainless steel, other than flanges, elbows, bends, sleeves or butt welding fittings ($22,170 per ton), while the price for tube or pipe flanges, other than stainless steel ($2,327 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by iron or steel cast fittings, of non-malleable cast iron (+4.5%), while the prices for the other products experienced more modest paces of growth.

The average import price for tube or pipe fittings (of iron or steel) stood at $5,004 per ton in 2023, with an increase of 6.3% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2022 when the average import price increased by 16%. The import price peaked in 2023 and is likely to see steady 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 Germany ($13,035 per ton), while the price for India ($2,809 per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Germany (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

In 2024, shipments abroad of tube or pipe fittings (of iron or steel) decreased by -6% to 97K tons, falling for the second consecutive year after two years of growth. In general, exports saw a noticeable descent. The pace of growth was the most pronounced in 2021 when exports increased by 12% against the previous year. Over the period under review, the exports attained the peak figure at 170K tons in 2013; however, from 2014 to 2024, the exports failed to regain momentum.

In value terms, iron or steel tube fitting exports amounted to $2B in 2024. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when exports increased by 20%. The exports peaked at $2.1B in 2014; however, from 2015 to 2024, the exports remained at a lower figure.

Canada (49K tons), Mexico (30K tons) and China (2.4K tons) were the main destinations of iron or steel tube fitting exports from the United States, together comprising 78% of total exports. Saudi Arabia, the United Arab Emirates, the Netherlands, Jordan, the UK and Brazil lagged somewhat behind, together accounting for a further 10%.

From 2013 to 2023, the biggest increases were recorded for Jordan (with a CAGR of +30.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Canada ($675M), Mexico ($411M) and China ($149M) were the largest markets for iron or steel tube fitting exported from the United States worldwide, with a combined 63% share of total exports. The Netherlands, the UK, Saudi Arabia, Brazil, the United Arab Emirates and Jordan lagged somewhat behind, together comprising a further 16%.

Jordan, with a CAGR of +25.4%, saw the highest rates of growth with regard to 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 (24K tons), iron or steel cast fittings, other than of non-malleable cast iron (23K tons) and tube or pipe threaded elbows, bends and sleeves, other than stainless steel (21K tons) were the main products of iron or steel tube fitting exports from the United States, together accounting for 69% of total exports. Tube or pipe flanges, other than stainless steel, tube or pipe fittings of stainless steel, other than flanges, elbows, bends, sleeves or butt welding fittings, tube or pipe butt welding fittings, other than stainless steel, tube or pipe fittings of non-malleable cast iron, tube or pipe flanges of stainless steel, tube or pipe threaded elbows, bends and sleeves of stainless steel and tube or pipe butt welding fittings of stainless steel lagged somewhat behind, together comprising a further 31%.

From 2013 to 2024, the biggest increases were recorded for tube or pipe fittings of stainless steel, other than flanges, elbows, bends, sleeves or butt welding fittings (with a CAGR of -2.2%), while shipments for the other products experienced a decline.

In value terms, tube or pipe fittings (of iron or steel) with the largest exports in the United States were tube or pipe fittings of non-stainless steel, other than flanges, elbows, bends, sleeves or butt welding fittings ($419M), tube or pipe fittings of stainless steel, other than flanges, elbows, bends, sleeves or butt welding fittings ($407M) and tube or pipe threaded elbows, bends and sleeves of stainless steel ($370M), together accounting for 61% of total exports.

In terms of the main product categories, tube or pipe fittings of stainless steel, other than flanges, elbows, bends, sleeves or butt welding fittings, with a CAGR of +3.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other products experienced more modest paces of growth.

In 2024, the average export price for tube or pipe fittings (of iron or steel) amounted to $20,274 per ton, growing by 6.6% against the previous year. In general, export price indicated notable growth from 2013 to 2024: its price increased at an average annual rate of +4.8% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, iron or steel tube fitting export price increased by +67.0% against 2013 indices. The pace of growth appeared the most rapid in 2022 an increase of 17%. The export price peaked in 2024 and is expected to retain growth in years to come.

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 threaded elbows, bends and sleeves of stainless steel ($143,581 per ton), while the average price for exports of tube or pipe fittings of non-malleable cast iron ($7,920 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 of stainless steel (+11.6%), 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 $19,027 per ton, rising by 3.9% against the previous year. Over the period from 2013 to 2023, it increased at an average annual rate of +4.6%. The growth pace was the most rapid in 2022 when the average export price increased by 17%. The export price peaked in 2023 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($61,363 per ton), while the average price for exports to Jordan ($5,657 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 China (+12.5%), 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 tube fitting 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:

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