SADC: Market for Copper Tubes And Pipes 2024

Market Size for Copper Tubes And Pipes in SADC

The SADC copper tube and pipe market stood at $X in 2021, therefore, remained relatively stable against the previous year. Overall, consumption showed a perceptible contraction. The growth pace was the most rapid in 2018 with an increase of 9.4%. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Copper Tubes And Pipes in SADC

In value terms, copper tube and pipe production amounted to $X in 2021 estimated in export price. In general, production continues to indicate a perceptible contraction. The growth pace was the most rapid in 2018 when the production volume increased by 9.1% 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 And Pipes

Exports in SADC

In 2021, copper tube and pipe exports in SADC surged to X tons, increasing by 25% on 2020. The total export volume increased at an average annual rate of +5.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The volume of export peaked at X tons in 2019; afterwards, it flattened through to 2021.

In value terms, copper tube and pipe exports soared to $X in 2021. Total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded 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

In 2021, South Africa (X tons) represented the major exporter of copper tubes and pipes in SADC, committing 99% of total export.

South Africa was also the fastest-growing in terms of the copper tubes and pipes exports, with a CAGR of +5.5% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest copper tube and pipe supplier in SADC.

From 2012 to 2021, the average annual growth rate of value in South Africa totaled +6.9%.

Export Prices by Country

In 2021, the export price in SADC amounted to $X per ton, rising by 44% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2021, the rate of growth in terms of prices for South Africa amounted to +1.3% per year.

Imports of Copper Tubes And Pipes

Imports in SADC

In 2021, the amount of copper tubes and pipes imported in SADC skyrocketed to X tons, rising by 23% against 2020. The total import volume increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern 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.

In value terms, copper tube and pipe imports surged to $X in 2021. In general, imports, however, recorded a relatively flat trend pattern. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

South Africa was the key importer of copper tubes and pipes in SADC, with the volume of imports recording X tons, which was approx. 47% of total imports in 2021. Zimbabwe (X tons) held an 18% share (based on physical terms) of total imports, which put it in second place, followed by Democratic Republic of the Congo (6.6%). Botswana (X tons), Namibia (X tons), Angola (X tons), Tanzania (X tons), Mauritius (X tons), Mozambique (X tons), Swaziland (X tons), Lesotho (X tons) and Zambia (X tons) held a minor share of total imports.

South Africa experienced a relatively flat trend pattern with regard to volume of imports of copper tubes and pipes. At the same time, Democratic Republic of the Congo (+27.2%), Lesotho (+20.8%), Zimbabwe (+10.5%), Swaziland (+7.8%), Namibia (+7.6%), Zambia (+5.9%) and Mozambique (+2.9%) displayed positive paces of growth. Moreover, Democratic Republic of the Congo emerged as the fastest-growing importer imported in SADC, with a CAGR of +27.2% from 2012-2021. Tanzania and Mauritius experienced a relatively flat trend pattern. By contrast, Botswana (-2.2%) and Angola (-10.8%) illustrated a downward trend over the same period. Zimbabwe (+10 p.p.), Democratic Republic of the Congo (+5.8 p.p.), Namibia (+1.9 p.p.) and Lesotho (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while Botswana, Angola and South Africa saw its share reduced by -1.5%, -9% and -9.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported copper tubes and pipes in SADC, comprising 58% of total imports. The second position in the ranking was taken by Zimbabwe ($X), with an 11% share of total imports. It was followed by Namibia, with a 5.7% share.

In South Africa, copper tube and pipe imports declined by an average annual rate of -1.2% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Zimbabwe (+6.1% per year) and Namibia (+13.3% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2021, rising by 22% against the previous year. In general, the import price, however, continues to indicate a slight slump. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Namibia ($X per ton), while Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Namibia (+5.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform