Asia-Pacific: Market for Copper Tubes, Pipes And Fitting 2025

Market Size for Copper Tubes, Pipes And Fitting in Asia-Pacific

In 2021, the Asia-Pacific copper pipe and fitting market increased by 0.6% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption recorded a mild decrease. The most prominent rate of growth was recorded in 2018 when the market value increased by 5.6%. 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, Pipes And Fitting in Asia-Pacific

In value terms, copper pipe and fitting production reached $X in 2021 estimated in export price. In general, production, however, showed a slight shrinkage. The most prominent rate of growth was recorded in 2018 when the production volume increased by 7%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Copper Tubes, Pipes And Fitting

Exports in Asia-Pacific

In 2021, approx. X tons of copper tubes, pipes and fitting were exported in Asia-Pacific; growing by 19% on the year before. 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 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 pipe and fitting exports skyrocketed to $X in 2021. Total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.1% 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 represented the major exporting country with an export of about X tons, which reached 57% of total exports. Vietnam (X tons) ranks second in terms of the total exports with a 13% share, followed by Thailand (9.6%), South Korea (8.1%) and Malaysia (7.1%). India (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +4.2% from 2012 to 2021. At the same time, Vietnam (+25.7%), India (+13.8%) and Thailand (+7.9%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, 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. From 2012 to 2021, the share of Vietnam and Thailand increased by +10 and +2.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest copper pipe and fitting supplier in Asia-Pacific, comprising 55% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 12% share of total exports. It was followed by Thailand, with a 9.8% 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-Pacific stood at $X per ton in 2021, with an increase of 29% against the previous year. Over the last nine years, 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 ($X per ton) and Thailand ($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-Pacific

Copper pipe and fitting imports expanded markedly to X tons in 2021, rising by 12% compared with the previous year. The total import volume increased at an average annual rate of +4.2% from 2012 to 2021; however, 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.

In value terms, copper pipe and fitting imports skyrocketed to $X in 2021. Total imports indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +4.9% 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) and Thailand (X tons) were the largest importers of copper tubes, pipes and fitting in 2021, finishing at approx. 19% and 16% of total imports, respectively. South Korea (X tons) took the next position in the ranking, followed by Japan (X tons), China (X tons), Taiwan (Chinese) (X tons), Malaysia (X tons), Australia (X tons) and Indonesia (X tons). All these countries together held approx. 51% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by India (with a CAGR of +13.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest copper pipe and fitting importing markets in Asia-Pacific were India ($X), Thailand ($X) and China ($X), with a combined 42% share of total imports.

Among 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

The import price in Asia-Pacific stood at $X per ton in 2021, with an increase of 27% against the previous year. Over the period under review, 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.

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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