South-Eastern Asia: Market for Copper Tubes, Pipes And Fitting 2025

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

The Southeast Asian copper pipe and fitting market expanded significantly to $X in 2021, picking up by 6.3% against the previous year. Overall, consumption recorded a perceptible descent. The pace of growth was the most pronounced in 2018 when the market value increased by 8.6% against the previous year. The level of 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-Eastern Asia

In value terms, copper pipe and fitting production amounted to $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 17%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Copper Tubes, Pipes And Fitting

Exports in South-Eastern Asia

In 2021, approx. X tons of copper tubes, pipes and fitting were exported in South-Eastern Asia; with an increase of 9.2% compared with the previous year. Over the period under review, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2016 when exports increased by 23%. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, copper pipe and fitting exports skyrocketed to $X in 2021. In general, exports posted a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from Vietnam (X tons), Thailand (X tons) and Malaysia (X tons), together recording 98% of total export.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Vietnam (with a CAGR of +25.7%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest copper pipe and fitting supplying countries in South-Eastern Asia were Vietnam ($X), Thailand ($X) and Malaysia ($X), with a combined 95% share of total exports.

Vietnam, with a CAGR of +26.8%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, growing by 30% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, 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 (+0.8%), while the other leaders experienced mixed trends in the export price figures.

Imports of Copper Tubes, Pipes And Fitting

Imports in South-Eastern Asia

In 2021, purchases abroad of copper tubes, pipes and fitting decreased by -0.8% to X tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2019 with an increase of 6.1%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, copper pipe and fitting imports soared to $X in 2021. The total import value increased at an average annual rate of +3.4% 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 was the major importing country with an import of around X tons, which recorded 47% of total imports. Malaysia (X tons) held the second position in the ranking, distantly followed by Indonesia (X tons), Vietnam (X tons) and Singapore (X tons). All these countries together took approx. 48% share of total imports. The Philippines (X tons) followed a long way behind the leaders.

Thailand was also the fastest-growing in terms of the copper tubes, pipes and fitting imports, with a CAGR of +6.6% from 2012 to 2021. At the same time, Vietnam (+6.0%) and the Philippines (+5.8%) displayed positive paces of growth. Indonesia experienced a relatively flat trend pattern. By contrast, Malaysia (-3.0%) and Singapore (-4.0%) illustrated a downward trend over the same period. While the share of Thailand (+15 p.p.) and Vietnam (+1.7 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Indonesia (-2.2 p.p.), Singapore (-3.8 p.p.) and Malaysia (-12.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) constitutes the largest market for imported copper tubes, pipes and fitting in South-Eastern Asia, comprising 47% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 22% share of total imports. It was followed by Indonesia, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Thailand amounted to +6.4%. The remaining importing countries recorded the following average annual rates of imports growth: Malaysia (-2.1% per year) and Indonesia (+3.4% per year).

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per ton, rising by 30% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per ton), while Indonesia ($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 Philippines (+4.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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