Northern America: Market for Copper Tubes, Pipes And Fitting 2024

Market Size for Copper Tubes, Pipes And Fitting in Northern America

The North American copper pipe and fitting market expanded markedly to $X in 2021, growing by 6.5% against the previous year. Overall, consumption, however, continues to indicate a mild descent. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Copper Tubes, Pipes And Fitting in Northern America

In value terms, copper pipe and fitting production totaled $X in 2021 estimated in export price. In general, production, however, showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2019 when the production volume increased by 27% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Copper Tubes, Pipes And Fitting

Exports in Northern America

In 2021, after five years of decline, there was growth in shipments abroad of copper tubes, pipes and fitting, when their volume increased by 4.7% to X tons. In general, exports, however, continue to indicate a relatively flat trend pattern. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, copper pipe and fitting exports soared to $X in 2021. The total export value increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed 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

The United States was the main exporting country with an export of about X tons, which reached 67% of total exports. It was distantly followed by Canada (X tons), mixing up a 33% share of total exports.

The United States experienced a relatively flat trend pattern with regard to volume of exports of copper tubes, pipes and fitting. Canada (-1.4%) illustrated a downward trend over the same period. While the share of the United States (+2.1 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Canada (-2.1 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest copper pipe and fitting supplier in Northern America, comprising 69% of total exports. The second position in the ranking was held by Canada ($X), with a 31% share of total exports.

In the United States, copper pipe and fitting exports increased at an average annual rate of +2.1% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, increasing by 21% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.6%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+2.9%).

Imports of Copper Tubes, Pipes And Fitting

Imports in Northern America

In 2021, the amount of copper tubes, pipes and fitting imported in Northern America rose rapidly to X tons, with an increase of 10% on 2020 figures. The total import volume increased at an average annual rate of +2.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, copper pipe and fitting imports soared to $X in 2021. Total imports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. 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

The United States represented the main importing country with an import of about X tons, which finished at 86% of total imports. It was distantly followed by Canada (X tons), committing a 14% share of total imports.

The United States was also the fastest-growing in terms of the copper tubes, pipes and fitting imports, with a CAGR of +3.4% from 2012 to 2021. Canada (-2.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United States increased by +8.3 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported copper tubes, pipes and fitting in Northern America, comprising 87% of total imports. The second position in the ranking was taken by Canada ($X), with a 13% share of total imports.

In the United States, copper pipe and fitting imports expanded at an average annual rate of +5.5% over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, rising by 28% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. 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, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+2.7%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :