Asia-Pacific: Market for Copper Tubes And Pipes 2024

Market Size for Copper Tubes And Pipes in Asia-Pacific

After two years of decline, the Asia-Pacific copper tube and pipe market increased by 1.2% to $X in 2021. Overall, consumption continues to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 9.5% against the previous year. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Copper Tubes And Pipes in Asia-Pacific

In value terms, copper tube and pipe production rose to $X in 2021 estimated in export price. Overall, production, however, saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 11%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Copper Tubes And Pipes

Exports in Asia-Pacific

Copper tube and pipe exports soared to X tons in 2021, rising by 17% compared with 2020. The total export volume increased at an average annual rate of +3.9% 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 tube and pipe exports surged to $X in 2021. Total exports indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, 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.

Exports by Country

China represented the main exporting country with an export of about X tons, which reached 49% of total exports. Vietnam (X tons) held a 16% share (based on physical terms) of total exports, which put it in second place, followed by Thailand (12%), South Korea (9.6%) and Malaysia (9.2%).

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, Vietnam (+26.1%) and Thailand (+8.3%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +26.1% from 2012-2021. Malaysia experienced a relatively flat trend pattern. By contrast, South Korea (-1.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Vietnam and Thailand increased by +14 and +3.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest copper tube and pipe supplier in Asia-Pacific, comprising 47% of total exports. The second position in the ranking was taken by Vietnam ($X), with an 18% share of total exports. It was followed by Thailand, with a 13% share.

In China, copper tube and pipe exports increased at an average annual rate of +4.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Vietnam (+27.4% per year) and Thailand (+8.9% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, growing by 34% against the previous year. In general, the export price recorded 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 ($X per ton) and Vietnam ($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 (+1.1%), while the other leaders experienced more modest paces of growth.

Imports of Copper Tubes And Pipes

Imports in Asia-Pacific

Copper tube and pipe imports rose markedly to X tons in 2021, surging by 10% against the previous year's figure. The total import volume increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, copper tube and pipe 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 +4.9% over the last nine-year period. 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

India (X tons) and Thailand (X tons) represented roughly 39% of total imports in 2021. Taiwan (Chinese) (X tons) ranks next in terms of the total imports with an 8.2% share, followed by South Korea (8.1%), Malaysia (7.8%), China (7.7%), Japan (6.7%), Australia (5.2%) and Indonesia (5.1%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by India (with a CAGR of +14.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest copper tube and pipe importing markets in Asia-Pacific were India ($X), Thailand ($X) and China ($X), with a combined 46% share of total imports.

Among the main importing countries, India, with a CAGR of +14.7%, saw 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-Pacific amounted to $X per ton, jumping by 31% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached 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 ($X per ton) and Japan ($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