Japan: Market for Copper Tubes, Pipes And Fitting 2024

Market Size for Copper Tubes, Pipes And Fitting in Japan

The Japanese copper pipe and fitting market declined slightly to $X in 2021, reducing by -4.9% against the previous year. Over the period under review, consumption showed a deep downturn. 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 Japan

In value terms, copper pipe and fitting production dropped to $X in 2021 estimated in export price. In general, production recorded a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of 33%. Copper pipe and fitting production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Copper Tubes, Pipes And Fitting

Exports from Japan

In 2021, overseas shipments of copper tubes, pipes and fitting decreased by -32.9% to X tons, falling for the fourth year in a row after two years of growth. In general, exports recorded a deep slump. The pace of growth appeared the most rapid in 2017 with an increase of 7.2%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, copper pipe and fitting exports expanded to $X in 2021. Overall, exports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2017 when exports increased by 15%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Malaysia (X tons) was the main destination for copper pipe and fitting exports from Japan, accounting for a 42% share of total exports. Moreover, copper pipe and fitting exports to Malaysia exceeded the volume sent to the second major destination, China (X tons), twofold. The third position in this ranking was held by Germany (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Malaysia amounted to -13.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-13.4% per year) and Germany (+8.5% per year).

In value terms, the largest markets for copper pipe and fitting exported from Japan were Germany ($X), Malaysia ($X) and China ($X), with a combined 59% share of total exports. These countries were followed by Taiwan (Chinese), Thailand, South Korea, the Philippines and India, which together accounted for a further 23%.

Among the main countries of destination, the Philippines, with a CAGR of +4.9%, 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

The average copper pipe and fitting export price stood at $X per ton in 2021, rising by 54% against the previous year. Over the period under review, export price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +4.7% over the last nine-year period. 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 +97.1% against 2016 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Malaysia ($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 South Korea (+22.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Tubes, Pipes And Fitting

Imports into Japan

In 2021, approx. X tons of copper tubes, pipes and fitting were imported into Japan; surging by 19% on the previous year's figure. In general, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, copper pipe and fitting imports skyrocketed to $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest copper pipe and fitting supplier to Japan, with a 66% share of total imports. Moreover, copper pipe and fitting imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), fourfold. The third position in this ranking was held by Vietnam (X tons), with a 9.1% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+4.6% per year) and Vietnam (+42.5% per year).

In value terms, China ($X) constituted the largest supplier of copper tubes, pipes and fitting to Japan, comprising 60% of total imports. The second position in the ranking was taken by Thailand ($X), with a 15% share of total imports. It was followed by Vietnam, with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+7.4% per year) and Vietnam (+42.6% per year).

Import Prices by Country

In 2021, the average copper pipe and fitting import price amounted to $X per ton, picking up by 26% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. 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 origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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