ASEAN: Market for Copper Tubes And Pipes 2025

Market Size for Copper Tubes And Pipes in ASEAN

In 2021, the ASEAN copper tube and pipe market decreased by -0.7% to $X, falling for the third year in a row after two years of growth. Overall, consumption showed a deep setback. The growth pace was the most rapid in 2018 when the market value increased by 6.2% against the previous year. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Copper Tubes And Pipes in ASEAN

In value terms, copper tube and pipe production reduced to $X in 2021 estimated in export price. Over the period under review, production saw a perceptible downturn. The pace of growth appeared the most rapid in 2018 when the production volume increased by 16%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Copper Tubes And Pipes

Exports in ASEAN

Copper tube and pipe exports was estimated at X tons in 2021, growing by 8.8% on the previous year. In general, exports posted a buoyant increase. The growth pace was the most rapid in 2016 with an increase of 24% against the previous year. The volume of export peaked in 2021 and is likely to see steady growth in the immediate term.

In value terms, copper tube and pipe exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Vietnam (X tons), Thailand (X tons) and Malaysia (X tons) was the key exporter of copper tubes and pipes in ASEAN, mixing up 100% of total export.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +26.1%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Vietnam ($X), Thailand ($X) and Malaysia ($X) were the countries with the highest levels of exports in 2021, together accounting for 100% of total exports.

Vietnam, with a CAGR of +27.4%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2021, growing by 32% against the previous year. In general, the export price saw a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Thailand ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+1.1%), while the other leaders experienced mixed trends in the export price figures.

Imports of Copper Tubes And Pipes

Imports in ASEAN

In 2021, purchases abroad of copper tubes and pipes decreased by -4.2% to X tons, falling for the second year in a row after eight years of growth. The total import volume increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 9% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, copper tube and pipe imports surged to $X in 2021. The total import value increased at an average annual rate of +2.6% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Thailand (X tons) represented the major importer of copper tubes and pipes, creating 49% of total imports. Malaysia (X tons) held the second position in the ranking, distantly followed by Indonesia (X tons) and Vietnam (X tons). All these countries together held approx. 44% share of total imports. The following importers - the Philippines (X tons) and Singapore (X tons) - each resulted at a 6.3% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to copper tube and pipe imports into Thailand stood at +5.9%. At the same time, the Philippines (+6.2%) and Vietnam (+4.9%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +6.2% from 2012-2021. Indonesia experienced a relatively flat trend pattern. By contrast, Singapore (-2.2%) and Malaysia (-3.2%) illustrated a downward trend over the same period. While the share of Thailand (+14 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Indonesia (-2.4 p.p.) and Malaysia (-13.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) constitutes the largest market for imported copper tubes and pipes in ASEAN, comprising 49% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 23% share of total imports. It was followed by Indonesia, with a 14% share.

From 2012 to 2021, the average annual growth rate of value in Thailand amounted to +5.6%. In the other countries, the average annual rates were as follows: Malaysia (-2.6% per year) and Indonesia (+3.7% per year).

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2021, surging by 31% against the previous year. In general, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Vietnam ($X per ton) and Singapore ($X per ton), while the Philippines ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+3.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform