Asia: Market for Copper Tubes, Pipes And Fitting 2025

Market Size for Copper Tubes, Pipes And Fitting in Asia

In 2021, the Asian copper pipe and fitting market was finally on the rise to reach $X after two years of decline. In general, consumption showed a pronounced curtailment. The most prominent rate of growth was recorded in 2018 when the market value increased by 4.8%. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Copper Tubes, Pipes And Fitting in Asia

In value terms, copper pipe and fitting production stood at $X in 2021 estimated in export price. Overall, production, however, showed a pronounced reduction. The pace of growth was the most pronounced in 2017 when the production volume increased by 7.7%. 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, Pipes And Fitting

Exports in Asia

In 2021, the amount of copper tubes, pipes and fitting exported in Asia skyrocketed to X tons, with an increase of 23% against the previous year. The total export volume increased at an average annual rate of +5.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, copper pipe and fitting exports soared to $X in 2021. Total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine years. 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 major exporting country with an export of around X tons, which reached 51% of total exports. Vietnam (X tons) held an 11% share (based on physical terms) of total exports, which put it in second place, followed by Thailand (8.7%), South Korea (7.3%), Malaysia (6.5%) and Turkey (6.4%). India (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to copper pipe and fitting exports from China stood at +4.2%. At the same time, Vietnam (+25.7%), Turkey (+17.5%), India (+13.8%) and Thailand (+7.9%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, with a CAGR of +25.7% from 2012-2021. Malaysia experienced a relatively flat trend pattern. By contrast, South Korea (-1.9%) illustrated a downward trend over the same period. Vietnam (+9.1 p.p.), Turkey (+4.1 p.p.) and Thailand (+1.9 p.p.) significantly strengthened its position in terms of the total exports, while Malaysia, China and South Korea saw its share reduced by -3.6%, -3.9% and -6.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest copper pipe and fitting supplier in Asia, comprising 49% of total exports. The second position in the ranking was held by Vietnam ($X), with an 11% share of total exports. It was followed by Thailand, with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled +5.3%. In the other countries, the average annual rates were as follows: Vietnam (+26.8% per year) and Thailand (+8.5% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, jumping by 30% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.1%. 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 South Korea ($X per ton) and Turkey ($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 South Korea (+2.4%), while the other leaders experienced more modest paces of growth.

Imports of Copper Tubes, Pipes And Fitting

Imports in Asia

Copper pipe and fitting imports soared to X tons in 2021, jumping by 19% on the previous year's figure. The total import volume increased at an average annual rate of +3.6% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, copper pipe and fitting imports surged to $X in 2021. Total imports indicated a tangible increase 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 attained the peak and are likely to continue growth in the immediate term.

Imports by Country

India (X tons), Thailand (X tons) and Turkey (X tons) represented roughly 40% of total imports in 2021. South Korea (X tons) took a 6.8% share (based on physical terms) of total imports, which put it in second place, followed by Japan (6.6%), China (6.5%), Taiwan (Chinese) (6.2%) and Malaysia (6%). 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 16% of total imports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +13.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest copper pipe and fitting importing markets in Asia were India ($X), Thailand ($X) and Turkey ($X), together comprising 37% of total imports.

In terms of the main importing countries, India, with a CAGR of +14.1%, recorded the highest rates of growth with regard to 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

In 2021, the import price in Asia amounted to $X per ton, rising by 25% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+2.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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