CIS: Market for Copper Tubes, Pipes And Fitting 2024

Market Size for Copper Tubes, Pipes And Fitting in CIS

In 2021, the CIS copper pipe and fitting market increased by 20% to $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in the immediate term.

Production of Copper Tubes, Pipes And Fitting in CIS

In value terms, copper pipe and fitting production amounted to $X in 2021 estimated in export price. In general, production showed prominent growth. The pace of growth was the most pronounced in 2015 with an increase of 44% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Copper Tubes, Pipes And Fitting

Exports in CIS

In 2021, overseas shipments of copper tubes, pipes and fitting increased by 31% to X tons, rising for the fifth consecutive year after two years of decline. Over the period under review, exports saw a strong expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 209%. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, copper pipe and fitting exports soared to $X in 2021. In general, exports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2017 with an increase of 199% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in the immediate term.

Exports by Country

In 2021, Uzbekistan (X tons) was the largest exporter of copper tubes, pipes and fitting, creating 75% of total exports. It was distantly followed by Russia (X tons) and Belarus (X tons), together creating a 24% share of total exports.

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. At the same time, Belarus (+15.1%) displayed positive paces of growth. Russia experienced a relatively flat trend pattern. While the share of Uzbekistan (+74 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Russia (-71.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Uzbekistan ($X) remains the largest copper pipe and fitting supplier in the CIS, comprising 73% of total exports. The second position in the ranking was held by Russia ($X), with a 22% share of total exports.

In Uzbekistan, copper pipe and fitting exports increased at an average annual rate of +121.2% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Russia (+1.2% per year) and Belarus (+12.3% per year).

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per ton, surging by 40% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Belarus ($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 (+4.7%), while the other leaders experienced mixed trends in the export price figures.

Imports of Copper Tubes, Pipes And Fitting

Imports in CIS

In 2021, approx. X tons of copper tubes, pipes and fitting were imported in the CIS; increasing by 17% on 2020. The total import volume increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when imports increased by 33%. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in the near future.

In value terms, copper pipe and fitting imports surged to $X in 2021. Total imports indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +2.9% 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 +35.5% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia prevails in imports structure, accounting for X tons, which was near 79% of total imports in 2021. Kazakhstan (X tons) held the second position in the ranking, followed by Belarus (X tons). All these countries together took near 17% share of total imports.

Russia experienced a relatively flat trend pattern with regard to volume of imports of copper tubes, pipes and fitting. At the same time, Kazakhstan (+8.0%) and Belarus (+1.3%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +8.0% from 2012-2021. While the share of Kazakhstan (+4.2 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Russia (-6.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported copper tubes, pipes and fitting in the CIS, comprising 83% of total imports. The second position in the ranking was taken by Belarus ($X), with a 6.8% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Russia stood at +2.6%. The remaining importing countries recorded the following average annual rates of imports growth: Belarus (+0.7% per year) and Kazakhstan (+5.6% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2021, increasing by 21% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. As a result, import price attained 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 Russia ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+1.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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