The forecasted exports of steel pipe and tubing for structural purposes in the US, measured in thousand metric tons, show a consistent, albeit very modest, upward trend from 2024 to 2028. Starting in 2024 at 378.76 thousand metric tons, the volume increases incrementally each year, reaching 382.57 thousand metric tons by 2028. The year-on-year growth is under 1% for each year in the forecast, indicating a stable yet slow growth. This gradual increase equates to a very low CAGR over the five years, reflecting a mature market with limited expansion opportunities.
Future trends to watch for include:
- Market fluctuations due to geopolitical factors affecting trade policies and tariffs.
- Technological advancements in steel manufacturing that might increase production efficiency and export competitiveness.
- Changes in global demand for construction, driven by economic growth, which could affect export volumes significantly.