Eastern Asia: Market for Copper Tubes And Pipes 2024

Market Size for Copper Tubes And Pipes in Eastern Asia

In 2021, after two years of decline, there was growth in the East Asian copper tube and pipe market, when its value increased by 0.8% to $X. Overall, consumption showed a noticeable curtailment. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Copper Tubes And Pipes in Eastern Asia

In value terms, copper tube and pipe production expanded modestly to $X in 2021 estimated in export price. In general, production, however, saw a pronounced reduction. The most prominent rate of growth was recorded in 2018 when the production volume increased by 12% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Copper Tubes And Pipes

Exports in Eastern Asia

Copper tube and pipe exports surged to X tons in 2021, with an increase of 23% compared with the year before. The total export volume increased at an average annual rate of +1.9% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, copper tube and pipe exports skyrocketed to $X in 2021. Total exports indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, 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.

Exports by Country

China represented the major exporting country with an export of about X tons, which reached 81% of total exports. It was distantly followed by South Korea (X tons), mixing up a 16% share of total exports. Japan (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the copper tubes and pipes exports, with a CAGR of +4.0% from 2012 to 2021. South Korea (-1.8%) and Japan (-13.3%) illustrated a downward trend over the same period. China (+14 p.p.) significantly strengthened its position in terms of the total exports, while South Korea and Japan saw its share reduced by -6.3% and -7% from 2012 to 2021, respectively.

In value terms, China ($X) remains the largest copper tube and pipe supplier in Eastern Asia, comprising 80% of total exports. The second position in the ranking was held by South Korea ($X), with a 17% share of total exports.

In China, copper tube and pipe exports expanded at an average annual rate of +4.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: South Korea (-0.7% per year) and Japan (-11.7% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, with an increase of 37% against the previous year. In general, 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, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+1.8%), while the other leaders experienced more modest paces of growth.

Imports of Copper Tubes And Pipes

Imports in Eastern Asia

Copper tube and pipe imports expanded sharply to X tons in 2021, with an increase of 12% against 2020. The total import volume increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, copper tube and pipe imports soared to $X in 2021. Total imports indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, 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.

Imports by Country

In 2021, Taiwan (Chinese) (X tons), South Korea (X tons), China (X tons) and Japan (X tons) represented the key importer of copper tubes and pipes in Eastern Asia, committing 91% of total import. It was distantly followed by Hong Kong SAR (X tons), committing an 8% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by South Korea (with a CAGR of +10.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Taiwan (Chinese) ($X) and South Korea ($X) were the countries with the highest levels of imports in 2021, with a combined 71% share of total imports.

In terms of the main importing countries, South Korea, with a CAGR of +8.9%, saw the highest growth rate of 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 Eastern Asia stood at $X per ton in 2021, picking up by 28% against the previous year. In general, 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.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in China ($X per ton) and Japan ($X per ton), while Hong Kong SAR ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+0.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform