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Mexico - Copper Tubes, Pipes And Fittings - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

Mexico - Copper Tubes, Pipes And Fittings - Market Analysis, Forecast, Size, Trends And Insights

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Aug 9, 2023

Copper Pipe and Fitting Prices Skyrocket in Mexico, Surging by 702% to $14.8 per kg

Mexico Copper Pipe And Fitting Import Price in April 2023

In April 2023, the copper pipe and fitting price stood at $14,806 per ton (CIF, Mexico), increasing by 702% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $15,371 per ton in September 2022; however, from October 2022 to April 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Malaysia ($112K per ton), while the price for China ($11,905 per ton) was amongst the lowest.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+16.5%), while the prices for the other major suppliers experienced a decline.

COUNTRYImport Price of Copper Pipe And Fitting in Mexico (USD per ton)
Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023
Malaysia17,873N/A14,769N/AN/AN/AN/A132,14021,36212,689N/A12,112112,286
United KingdomN/A50,500N/A31,591N/AN/AN/A24,94328,323N/AN/AN/A24,911
United States15,72216,13714,76111,4958,25018,11914,44913,63315,39916,58216,5891,16215,307
Thailand12,949N/A12,95512,534N/A31,45810,69510,51221,81732,980N/A10,87011,943
China13,29712,99213,59713,35913,40311,71712,56011,03412,35311,77310,98812,07611,905
IndiaN/A13,01613,61015,17014,631N/AN/A13,21812,19912,69813,0744,926N/A
Average14,88915,29114,69812,84010,02315,37114,00713,10114,78114,27314,4541,84714,806

Mexico Copper Pipe And Fitting Import Prices by Type

There were significant differences in the average prices amongst the major supplied products. In April 2023, the product with the highest price was tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) ($31,152 per ton), while the price for tubes and pipes of refined copper ($11,667 per ton) was amongst the lowest.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was attained by brass tubes and pipes (+4.6%), while the prices for the other products experienced more modest paces of growth.

Mexico Copper Pipe And Fitting Imports

Copper pipe and fitting imports into Mexico reduced notably to 2.4K tons in April 2023, which is down by -89.1% on the month before. Overall, imports, however, posted a modest expansion. The pace of growth was the most pronounced in March 2023 when imports increased by 824% month-to-month. As a result, imports reached the peak of 22K tons, and then dropped remarkably in the following month.

In value terms, copper pipe and fitting imports dropped to $35M (IndexBox estimates) in April 2023. The total import value increased at an average monthly rate of +1.4% from April 2022 to April 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain months. The growth pace was the most rapid in July 2022 with an increase of 23% m-o-m.

Mexico Copper Pipe And Fitting Imports by Type

Tubes and pipes of refined copper (1.1K tons), tube or pipe fittings, couplings, elbows, sleeves of copper alloys (1.1K tons) and tube or pipe fittings, couplings, elbows, sleeves of refined copper (82 tons) were the main products of copper pipe and fitting imports to Mexico, together accounting for 96% of total imports. Tubes and pipes of copper-zinc base alloys (brass), tubes and pipes of copper alloys other than copper-zinc, cupro-nickel or nickel-silver and tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) lagged somewhat behind, together comprising a further 4.5%.

From April 2022 to April 2023, the biggest increases were in brass tubes and pipes (with a CAGR of +3.4%), while purchases for the other products experienced more modest paces of growth.

In value terms, tube or pipe fittings, couplings, elbows, sleeves of copper alloys ($19M), tubes and pipes of refined copper ($13M) and tube or pipe fittings, couplings, elbows, sleeves of refined copper ($1.6M) constituted the most imported types of copper tubes, pipes and fitting in Mexico, together comprising 94% of total imports. Tubes and pipes of copper alloys other than copper-zinc, cupro-nickel or nickel-silver, tubes and pipes of copper-zinc base alloys (brass) and tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) lagged somewhat behind, together accounting for a further 5.9%.

Mexico Copper Pipe And Fitting Imports by Country

In April 2023, the United States (1.6K tons) constituted the largest supplier of copper pipe and fitting to Mexico, with a 65% share of total imports. Moreover, copper pipe and fitting imports from the United States exceeded the figures recorded by the second-largest supplier, China (670 tons), twofold. The third position in this ranking was taken by Thailand (78 tons), with a 3.3% share.

From April 2022 to April 2023, the average monthly growth rate of volume from the United States totaled +2.8%. The remaining supplying countries recorded the following average monthly rates of imports growth: China (-1.1% per month) and Thailand (+3.7% per month).

In value terms, the United States ($24M) constituted the largest supplier of copper pipe and fitting to Mexico, comprising 67% of total imports. The second position in the ranking was taken by China ($8M), with a 23% share of total imports. It was followed by Thailand, with a 2.6% share.

From April 2022 to April 2023, the average monthly growth rate of value from the United States totaled +2.6%. The remaining supplying countries recorded the following average monthly rates of imports growth: China (-2.0% per month) and Thailand (+3.0% per month).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for copper pipe and fitting in Mexico. 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.

Product coverage:

  • Prodcom 24442630 - Copper tubes and pipes
  • Prodcom 24442650 - Copper and copper alloy tube/pipe fittings including couplings, elbows, sleeves, tees and joints excluding bolts and nuts used for assembling/fixing pipes/tubes, fittings with taps, cocks, valves

Country coverage:

  • Mexico

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Mexico
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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