Hong Kong SAR, China: Market for Copper Tubes, Pipes And Fitting 2025

Market Size for Copper Tubes, Pipes And Fitting in Hong Kong SAR, China

In 2021, the Hong Kong copper pipe and fitting market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. The market value increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Copper Tubes, Pipes And Fitting

Exports from Hong Kong SAR, China

After six years of decline, overseas shipments of copper tubes, pipes and fitting increased by 37% to X tons in 2021. Overall, exports, however, recorded a abrupt setback. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, copper pipe and fitting exports surged to $X in 2021. Over the period under review, exports, however, recorded a relatively flat trend pattern. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons), Macao SAR (X tons) and New Zealand (X tons) were the main destinations of copper pipe and fitting exports from Hong Kong SAR, together comprising 97% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by New Zealand (with a CAGR of +160.3%), while the other leaders experienced mixed trend patterns.

In value terms, China ($X) remains the key foreign market for copper tubes, pipes and fitting exports from Hong Kong SAR, comprising 81% of total exports. The second position in the ranking was held by Macao SAR ($X), with a 14% share of total exports.

From 2012 to 2021, the average annual growth rate of value to China amounted to -1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Macao SAR (+11.5% per year) and New Zealand (+132.7% per year).

Export Prices by Country

The average copper pipe and fitting export price stood at $X per ton in 2021, picking up by 12% against the previous year. Over the period under review, export price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, copper pipe and fitting export price increased by +12.8% against 2019 indices. The pace of growth was the most pronounced in 2017 when the average export price increased by 30% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Macao SAR ($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 China (+10.4%), while the prices for the other major destinations experienced a decline.

Imports of Copper Tubes, Pipes And Fitting

Imports into Hong Kong SAR, China

In 2021, purchases abroad of copper tubes, pipes and fitting increased by 31% to X tons for the first time since 2016, thus ending a four-year declining trend. In general, imports recorded a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, copper pipe and fitting imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), the UK (X tons) and South Korea (X tons) were the main suppliers of copper pipe and fitting imports to Hong Kong SAR, with a combined 79% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +17.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), China ($X) and South Korea ($X) were the largest copper pipe and fitting suppliers to Hong Kong SAR, with a combined 77% share of total imports.

In terms of the main suppliers, South Korea, with a CAGR of +19.3%, 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, jumping by 35% against the previous year. Overall, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Japan ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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