Peru: Market for Copper Tubes, Pipes And Fitting 2025

Market Size for Copper Tubes, Pipes And Fitting in Peru

The Peruvian copper pipe and fitting market soared to $X in 2021, growing by 54% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 Peru

In 2021, the amount of copper tubes, pipes and fitting exported from Peru soared to X tons, increasing by 41% against the year before. Over the period under review, exports, however, recorded a noticeable slump. The pace of growth was the most pronounced in 2018 when exports increased by 54% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, copper pipe and fitting exports skyrocketed to $X in 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Ecuador (X tons) was the main destination for copper pipe and fitting exports from Peru, accounting for a 55% share of total exports. Moreover, copper pipe and fitting exports to Ecuador exceeded the volume sent to the second major destination, Bolivia (X tons), twofold. The third position in this ranking was held by Colombia (X tons), with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Ecuador stood at +17.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+4.0% per year) and Colombia (+9.4% per year).

In value terms, Ecuador ($X), Bolivia ($X) and Colombia ($X) constituted the largest markets for copper pipe and fitting exported from Peru worldwide, with a combined 90% share of total exports. Panama, Mexico, Uruguay and Brazil lagged somewhat behind, together comprising a further 6.8%.

Among the main countries of destination, Uruguay, with a CAGR of +160.3%, saw 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, jumping by 40% against the previous year. Over the period under review, export price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +4.8% 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 +64.0% against 2019 indices. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Uruguay ($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 Brazil (+4.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Copper Tubes, Pipes And Fitting

Imports into Peru

In 2021, copper pipe and fitting imports into Peru surged to X tons, rising by 24% compared with 2020 figures. The total import volume increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 when imports increased by 38% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, copper pipe and fitting imports soared to $X in 2021. Over the period under review, total imports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, 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), Mexico (X tons) and the United States (X tons) were the main suppliers of copper pipe and fitting imports to Peru, with a combined 88% share of total imports. These countries were followed by Brazil, Italy and Chile, which together accounted for a further 5.7%.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +25.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest copper pipe and fitting suppliers to Peru were China ($X), Mexico ($X) and the United States ($X), with a combined 83% share of total imports. These countries were followed by Italy, Brazil and Chile, which together accounted for a further 6.4%.

In terms of the main suppliers, Brazil, with a CAGR of +17.4%, 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

In 2021, the average copper pipe and fitting import price amounted to $X per ton, growing by 30% against the previous year. Over the period under review, the import price saw 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 the United States ($X per ton), while the price for Chile ($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 United States (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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