South Africa: Market for Copper Tubes, Pipes And Fitting 2024

Market Size for Copper Tubes, Pipes And Fitting in South Africa

In 2021, after two years of decline, there was significant growth in the South African copper pipe and fitting market, when its value increased by 5.7% to $X. In general, consumption, however, saw a pronounced slump. The most prominent rate of growth was recorded in 2017 with an increase of 8.2%. Copper pipe and fitting consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Copper Tubes, Pipes And Fitting in South Africa

In value terms, copper pipe and fitting production reached $X in 2021 estimated in export price. Overall, production, however, showed a pronounced descent. The most prominent rate of growth was recorded in 2017 with an increase of 8.7% against the previous year. Copper pipe and fitting production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Copper Tubes, Pipes And Fitting

Exports from South Africa

In 2021, approx. X tons of copper tubes, pipes and fitting were exported from South Africa; increasing by 20% compared with the previous year's figure. The total export volume increased at an average annual rate of +4.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, copper pipe and fitting exports skyrocketed to $X in 2021. Overall, total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates (X tons) was the main destination for copper pipe and fitting exports from South Africa, accounting for a 47% share of total exports. Moreover, copper pipe and fitting exports to the United Arab Emirates exceeded the volume sent to the second major destination, Zimbabwe (X tons), threefold. Egypt (X tons) ranked third in terms of total exports with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates totaled +6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (+12.7% per year) and Egypt (+0.7% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for copper tubes, pipes and fitting exports from South Africa, comprising 50% of total exports. The second position in the ranking was held by Zimbabwe ($X), with an 8.7% share of total exports. It was followed by Egypt, with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates totaled +11.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (+8.5% per year) and Egypt (+0.4% per year).

Export Prices by Country

The average copper pipe and fitting export price stood at $X per ton in 2021, surging by 43% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while the average price for exports to Zimbabwe ($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 Ghana (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Tubes, Pipes And Fitting

Imports into South Africa

In 2021, purchases abroad of copper tubes, pipes and fitting increased by 13% to X tons, rising for the fourth consecutive year after two years of decline. The total import volume increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of 20%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, copper pipe and fitting imports soared to $X in 2021. In general, total imports indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +27.3% against 2018 indices. 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 supplier of copper pipe and fitting to South Africa, accounting for a 87% share of total imports. Moreover, copper pipe and fitting imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold. Italy (X tons) ranked third in terms of total imports with a 1.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+13.8% per year) and Italy (+12.2% per year).

In value terms, China ($X) constituted the largest supplier of copper tubes, pipes and fitting to South Africa, comprising 83% of total imports. The second position in the ranking was held by Italy ($X), with a 2.6% share of total imports. It was followed by India, with a 2.5% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+7.3% per year) and India (+5.7% per year).

Import Prices by Country

In 2021, the average copper pipe and fitting import price amounted to $X per ton, increasing by 26% against the previous year. Over the period under review, the import price, however, recorded a slight downturn. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for India ($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 UK (+11.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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