Asia: Market for Copper Tubes And Pipes 2025

Market Size for Copper Tubes And Pipes in Asia

The Asian copper tube and pipe market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption saw a perceptible decline. The pace of growth appeared the most rapid in 2017 when the market value increased by 9% against the previous year. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Copper Tubes And Pipes in Asia

In value terms, copper tube and pipe production expanded modestly to $X in 2021 estimated in export price. In general, production, however, showed a pronounced descent. The pace of growth appeared the most rapid in 2017 with an increase of 11%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Copper Tubes And Pipes

Exports in Asia

Copper tube and pipe exports skyrocketed to X tons in 2021, jumping by 20% on 2020 figures. The total export volume increased at an average annual rate of +4.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, copper tube and pipe exports skyrocketed to $X in 2021. Total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China was the main exporting country with an export of around X tons, which reached 45% of total exports. Vietnam (X tons) ranks second in terms of the total exports with a 15% share, followed by Thailand (11%), South Korea (8.9%) and Malaysia (8.6%). Turkey (X tons) and Uzbekistan (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to copper tube and pipe exports from China stood at +4.0%. At the same time, Uzbekistan (+110.9%), Vietnam (+26.1%), Turkey (+19.3%) and Thailand (+8.3%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in Asia, with a CAGR of +110.9% from 2012-2021. Malaysia experienced a relatively flat trend pattern. By contrast, South Korea (-1.8%) illustrated a downward trend over the same period. Vietnam (+12 p.p.), Thailand (+2.8 p.p.), Turkey (+2.2 p.p.) and Uzbekistan (+2 p.p.) significantly strengthened its position in terms of the total exports, while China, Malaysia and South Korea saw its share reduced by -3.3%, -4.9% and -7.1% from 2012 to 2021, respectively.

In value terms, China ($X) remains the largest copper tube and pipe supplier in Asia, comprising 44% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 16% share of total exports. It was followed by Thailand, with a 12% share.

From 2012 to 2021, the average annual growth rate of value in China amounted to +4.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (+27.4% per year) and Thailand (+8.9% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, jumping by 35% against the previous year. Over the period under review, the export price showed 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, major exporting countries recorded the following prices: in Thailand ($X per ton) and Uzbekistan ($X per ton), while Malaysia ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+4.7%), while the other leaders experienced more modest paces of growth.

Imports of Copper Tubes And Pipes

Imports in Asia

In 2021, the amount of copper tubes and pipes imported in Asia skyrocketed to X tons, growing by 18% on 2020. The total import volume increased at an average annual rate of +3.8% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, copper tube and pipe imports soared to $X in 2021. Total imports indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, 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

The purchases of the three major importers of copper tubes and pipes, namely India, Thailand and Turkey, represented more than third of total import. Taiwan (Chinese) (X tons) held the next position in the ranking, followed by South Korea (X tons), Malaysia (X tons), China (X tons) and Japan (X tons). All these countries together took approx. 31% share of total imports. The following importers - Indonesia (X tons), the United Arab Emirates (X tons), Saudi Arabia (X tons), Israel (X tons) and Hong Kong SAR (X tons) - together made up 15% of total imports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +14.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest copper tube and pipe importing markets in Asia were India ($X), Thailand ($X) and Turkey ($X), together accounting for 43% of total imports.

Among the main importing countries, India, with a CAGR of +14.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, surging by 29% against the previous year. Overall, 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 China ($X per ton) and Israel ($X per ton), while Indonesia ($X per ton) and India ($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