South-Eastern Asia: Market for Copper Tubes And Pipes 2024

Market Size for Copper Tubes And Pipes in South-Eastern Asia

In 2021, the Southeast Asian copper tube and pipe market decreased by -0.7% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption showed a deep reduction. The most prominent rate of growth was recorded in 2018 when the market value increased by 6.2%. 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 South-Eastern Asia

In value terms, copper tube and pipe production contracted modestly to $X in 2021 estimated in export price. In general, production showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2018 when the production volume increased by 16%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Copper Tubes And Pipes

Exports in South-Eastern Asia

In 2021, copper tube and pipe exports in South-Eastern Asia rose sharply to X tons, growing by 8.8% compared with the year before. Over the period under review, exports saw a resilient increase. The growth pace was the most rapid in 2016 with an increase of 24%. The volume of export peaked in 2021 and is likely to continue growth in the immediate term.

In value terms, copper tube and pipe exports surged to $X in 2021. Overall, exports saw buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The shipments of the three major exporters of copper tubes and pipes, namely Vietnam, Thailand and Malaysia, represented more than two-thirds of total export.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +26.1%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest copper tube and pipe supplying countries in South-Eastern Asia were Vietnam ($X), Thailand ($X) and Malaysia ($X), together accounting for 100% of total exports.

In terms of the main exporting countries, Vietnam, with a CAGR of +27.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, increasing by 32% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Thailand ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+1.1%), while the other leaders experienced mixed trends in the export price figures.

Imports of Copper Tubes And Pipes

Imports in South-Eastern Asia

In 2021, purchases abroad of copper tubes and pipes decreased by -4.2% to X tons, falling for the second year in a row after eight years of growth. The total import volume increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when imports increased by 9% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, copper tube and pipe imports surged to $X in 2021. The total import value increased at an average annual rate of +2.6% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Thailand represented the largest importer of copper tubes and pipes in South-Eastern Asia, with the volume of imports accounting for X tons, which was approx. 49% of total imports in 2021. Malaysia (X tons) held a 23% share (based on physical terms) of total imports, which put it in second place, followed by Indonesia (15%) and Vietnam (5.3%). The following importers - the Philippines (X tons) and Singapore (X tons) - each amounted to a 6.3% share of total imports.

Imports into Thailand increased at an average annual rate of +5.9% from 2012 to 2021. At the same time, the Philippines (+6.2%) and Vietnam (+4.9%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +6.2% from 2012-2021. Indonesia experienced a relatively flat trend pattern. By contrast, Singapore (-2.2%) and Malaysia (-3.2%) illustrated a downward trend over the same period. Thailand (+14 p.p.) significantly strengthened its position in terms of the total imports, while Indonesia and Malaysia saw its share reduced by -2.4% and -13.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) constitutes the largest market for imported copper tubes and pipes in South-Eastern Asia, comprising 49% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 23% share of total imports. It was followed by Indonesia, with a 14% share.

In Thailand, copper tube and pipe imports increased at an average annual rate of +5.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Malaysia (-2.6% per year) and Indonesia (+3.7% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2021, increasing by 31% against the previous year. Overall, the import price continues to indicate 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 importing countries. In 2021, major importing countries recorded the following prices: in Vietnam ($X per ton) and Singapore ($X per ton), while the Philippines ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+3.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform