Central Asia: Market for Copper Tubes, Pipes And Fitting 2024

Market Size for Copper Tubes, Pipes And Fitting in Central Asia

The Central Asian copper pipe and fitting market was estimated at $X in 2021, flattening at the previous year. The total consumption indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -6.0% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Copper Tubes, Pipes And Fitting in Central Asia

In value terms, copper pipe and fitting production rose to $X in 2021 estimated in export price. In general, production showed a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 44% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Copper Tubes, Pipes And Fitting

Exports in Central Asia

For the third year in a row, Central Asia recorded growth in shipments abroad of copper tubes, pipes and fitting, which increased by 39% to X tons in 2021. Over the period under review, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2017 with an increase of 1,831% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in the near future.

In value terms, copper pipe and fitting exports surged to $X in 2021. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 2,159%. The level of export peaked in 2021 and is likely to see gradual growth in years to come.

Exports by Country

The biggest shipments were from Uzbekistan (X tons), together amounting to 99% of total export.

Uzbekistan was also the fastest-growing in terms of the copper tubes, pipes and fitting exports, with a CAGR of +111.3% from 2012 to 2021. From 2012 to 2021, the share of Uzbekistan increased by +55 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Uzbekistan ($X) also remains the largest copper pipe and fitting supplier in Central Asia.

From 2012 to 2021, the average annual growth rate of value in Uzbekistan totaled +121.2%.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2021, rising by 69% against the previous year. Overall, the export price showed pronounced growth. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Uzbekistan.

From 2012 to 2021, the rate of growth in terms of prices for Uzbekistan amounted to +4.7% per year.

Imports of Copper Tubes, Pipes And Fitting

Imports in Central Asia

In 2021, overseas purchases of copper tubes, pipes and fitting increased by 65% to X tons, rising for the fifth year in a row after two years of decline. In general, imports enjoyed a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, copper pipe and fitting imports soared to $X in 2021. Overall, imports recorded prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Kazakhstan prevails in imports structure, reaching X tons, which was near 83% of total imports in 2021. It was distantly followed by Uzbekistan (X tons), mixing up an 8.4% share of total imports. The following importers - Kyrgyzstan (X tons), Mongolia (X tons) and Turkmenistan (X tons) - together made up 7.8% of total imports.

Imports into Kazakhstan increased at an average annual rate of +8.0% from 2012 to 2021. At the same time, Uzbekistan (+76.4%) and Kyrgyzstan (+8.4%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +76.4% from 2012-2021. By contrast, Turkmenistan (-5.0%) and Mongolia (-5.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Uzbekistan and Kazakhstan increased by +8.3 and +3.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported copper tubes, pipes and fitting in Central Asia, comprising 77% of total imports. The second position in the ranking was held by Uzbekistan ($X), with an 11% share of total imports. It was followed by Mongolia, with a 4% share.

From 2012 to 2021, the average annual growth rate of value in Kazakhstan amounted to +5.6%. In the other countries, the average annual rates were as follows: Uzbekistan (+84.9% per year) and Mongolia (-2.1% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2021, declining by -2.7% against the previous year. In general, the import price recorded a slight reduction. The pace of growth was the most pronounced in 2017 when the import price increased by 10%. Over the period under review, import prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Turkmenistan ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+4.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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