Chile: Market for Copper Tubes, Pipes And Fitting 2024

Market Size for Copper Tubes, Pipes And Fitting in Chile

In 2021, the Chilean copper pipe and fitting market was finally on the rise to reach $X after three years of decline. Over the period under review, consumption, however, continues to indicate a pronounced downturn. Copper pipe and fitting 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 Chile

In value terms, copper pipe and fitting production rose remarkably to $X in 2021 estimated in export price. Overall, production, however, saw a deep setback. The most prominent rate of growth was recorded in 2017 when the production volume increased by 20%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Copper Tubes, Pipes And Fitting

Exports from Chile

In 2021, shipments abroad of copper tubes, pipes and fitting was finally on the rise to reach X tons for the first time since 2015, thus ending a five-year declining trend. Over the period under review, exports, however, recorded a precipitous slump. The pace of growth was the most pronounced in 2015 with an increase of 84%. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, copper pipe and fitting exports soared to $X in 2021. Overall, exports, however, showed a significant curtailment. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons), South Korea (X tons) and Peru (X tons) were the main destinations of copper pipe and fitting exports from Chile, with a combined 90% share of total exports. Japan, Bolivia, the United States, Ecuador and Brazil lagged somewhat behind, together accounting for a further 9.4%.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +85.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and Peru ($X) were the largest markets for copper pipe and fitting exported from Chile worldwide, together accounting for 85% of total exports. These countries were followed by Bolivia, Japan, Ecuador, the United States and Brazil, which together accounted for a further 14%.

In terms of the main countries of destination, Japan, with a CAGR of +90.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average copper pipe and fitting export price amounted to $X per ton, picking up by 52% against the previous year. Overall, the export price, however, recorded a mild setback. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+28.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Tubes, Pipes And Fitting

Imports into Chile

In 2021, supplies from abroad of copper tubes, pipes and fitting increased by 5.5% to X tons, rising for the fourth year in a row after two years of decline. In general, total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +7.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +37.4% against 2017 indices. The pace of growth appeared the most rapid in 2014 with an increase of 53% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, copper pipe and fitting imports soared to $X in 2021. Overall, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +84.6% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Mexico (X tons) and Brazil (X tons) were the main suppliers of copper pipe and fitting imports to Chile, together accounting for 97% of total imports.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +13.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest copper pipe and fitting suppliers to Chile were China ($X), Mexico ($X) and Brazil ($X), with a combined 95% share of total imports.

In terms of the main suppliers, Mexico, with a CAGR of +14.6%, 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 average copper pipe and fitting import price amounted to $X per ton, picking up by 40% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+0.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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