Malaysia: Market for Copper Tubes And Pipes 2024

Market Size for Copper Tubes And Pipes in Malaysia

The Malaysian copper tube and pipe market declined markedly to $X in 2021, dropping by -33% against the previous year. In general, consumption showed a drastic downturn. Copper tube and pipe consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Copper Tubes And Pipes in Malaysia

In value terms, copper tube and pipe production rose to $X in 2021 estimated in export price. Overall, production, however, saw a abrupt decrease. The growth pace was the most rapid in 2017 when the production volume increased by 29% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Copper Tubes And Pipes

Exports from Malaysia

After two years of decline, shipments abroad of copper tubes and pipes increased by 39% to X tons in 2021. Over the period under review, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, copper tube and pipe exports soared to $X in 2021. In general, exports, however, saw a relatively flat trend pattern. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

India (X tons), Mexico (X tons) and Saudi Arabia (X tons) were the main destinations of copper tube and pipe exports from Malaysia, together comprising 50% of total exports. These countries were followed by the United States, Turkey, Thailand, the United Arab Emirates, Poland, Kuwait, South Korea, Russia, Egypt and Italy, which together accounted for a further 37%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of +307.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for copper tube and pipe exported from Malaysia were India ($X), Mexico ($X) and the United States ($X), with a combined 49% share of total exports. These countries were followed by Saudi Arabia, Turkey, Thailand, Poland, the United Arab Emirates, South Korea, Egypt, Kuwait, Russia and Italy, which together accounted for a further 39%.

In terms of the main countries of destination, Russia, with a CAGR of +328.0%, 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

In 2021, the average copper tube and pipe export price amounted to $X per ton, increasing by 27% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2021, the highest price was recorded for prices to Poland ($X per ton) and Italy ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Tubes And Pipes

Imports into Malaysia

In 2021, purchases abroad of copper tubes and pipes decreased by -17.3% to X tons, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a noticeable reduction. The pace of growth was the most pronounced in 2016 when imports increased by 31% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, copper tube and pipe imports amounted to $X in 2021. Over the period under review, imports recorded a noticeable decline. The pace of growth appeared the most rapid in 2018 when imports increased by 16% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest copper tube and pipe supplier to Malaysia, accounting for a 61% share of total imports. Moreover, copper tube and pipe imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), fourfold. Thailand (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-13.1% per year) and Thailand (-3.3% per year).

In value terms, China ($X) constituted the largest supplier of copper tubes and pipes to Malaysia, comprising 61% of total imports. The second position in the ranking was held by Japan ($X), with a 17% share of total imports. It was followed by Thailand, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-12.9% per year) and Thailand (-3.5% per year).

Import Prices by Country

The average copper tube and pipe import price stood at $X per ton in 2021, picking up by 34% against the previous year. In general, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from the United States ($X per ton) and Japan ($X per ton), while the price for Thailand ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform