The steel pipe and tubing, line pipe, shipments in the US have shown fluctuations from 2013 to 2023, experiencing a mix of increases and declines in year-on-year growth. Starting at 476.0 thousand metric tons in 2013 and peaking at 540.0 thousand metric tons in 2014, the shipments have since gradually declined, reaching 434.0 thousand metric tons in 2023.
Both the year-on-year variations and the compound annual growth rates (CAGR) reveal downward trends in recent years. Notably, the largest decline occurred in 2013, with an 18.21% drop, while the only significant increase was seen in 2014 with a 13.45% rise. The last five years up to 2023 show a steady decline with average annual decreases around -1.91%.
Looking ahead, from 2024 to 2028, the forecast indicates a continued decrease in shipments, with a forecasted 5-year CAGR of -1.71% and an overall 8.25% decrease by 2028. The market will experience consistent but gradual declines, suggesting fewer fluctuations compared to past data.
Future trends to watch for include:
- Increased demand for alternative materials and technologies that could further reduce dependency on steel pipes and tubing.
- Potential shifts in US infrastructure policies and investment that might impact demand for steel line pipe.
- Global market influences, such as trade policies and international competition, which could alter domestic shipment volumes.
