China: Market for Copper Tubes, Pipes And Fitting 2025

Market Size for Copper Tubes, Pipes And Fitting in China

The Chinese copper pipe and fitting market contracted to $X in 2021, dropping by -2.8% against the previous year. In general, consumption continues to indicate a noticeable setback. The pace of growth was the most pronounced in 2018 when the market value increased by 7.8%. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Copper Tubes, Pipes And Fitting in China

In value terms, copper pipe and fitting production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2018 when the production volume increased by 9.8%. Copper pipe and fitting production peaked 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 China

In 2021, approx. X tons of copper tubes, pipes and fitting were exported from China; jumping by 27% against the year before. The total export 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, 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. Overall, total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.3% 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

Thailand (X tons), the United States (X tons) and Taiwan (Chinese) (X tons) were the main destinations of copper pipe and fitting exports from China, with a combined 28% share of total exports. Japan, Malaysia, Australia, South Korea, France, Indonesia, Russia, the UK, Spain and Germany lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +14.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for copper pipe and fitting exported from China were Thailand ($X), the United States ($X) and Taiwan (Chinese) ($X), together comprising 27% of total exports. These countries were followed by Japan, Australia, Malaysia, South Korea, the UK, Germany, France, Russia, Indonesia and Spain, which together accounted for a further 34%.

Spain, with a CAGR of +14.9%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average copper pipe and fitting export price stood at $X per ton in 2021, increasing by 30% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Thailand ($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 Russia (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Tubes, Pipes And Fitting

Imports into China

In 2021, overseas purchases of copper tubes, pipes and fitting decreased by -3.9% to X tons, falling for the second consecutive year after four years of growth. Overall, total imports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +3.5% 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 decreased by -7.4% against 2019 indices. The pace of growth appeared the most rapid in 2016 with an increase of 33% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, copper pipe and fitting imports rose sharply to $X in 2021. Over the period under review, total imports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +4.1% 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 +92.8% against 2015 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 27%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Thailand (X tons) constituted the largest copper pipe and fitting supplier to China, accounting for a 38% share of total imports. Moreover, copper pipe and fitting imports from Thailand exceeded the figures recorded by the second-largest supplier, Japan (X tons), twofold. The third position in this ranking was held by Vietnam (X tons), with a 15% share.

From 2012 to 2021, the average annual growth rate of volume from Thailand stood at +39.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-4.4% per year) and Vietnam (+68.4% per year).

In value terms, the largest copper pipe and fitting suppliers to China were Thailand ($X), Japan ($X) and Germany ($X), together comprising 58% of total imports. Vietnam, South Korea, Italy, Taiwan (Chinese), the UK and Hong Kong SAR lagged somewhat behind, together comprising a further 27%.

Vietnam, with a CAGR of +68.9%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average copper pipe and fitting import price stood at $X per ton in 2021, with an increase of 19% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+27.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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