Southern Asia: Market for Copper Tubes, Pipes And Fitting 2024

Market Size for Copper Tubes, Pipes And Fitting in Southern Asia

The South Asian copper pipe and fitting market rose remarkably to $X in 2021, surging by 5.6% against the previous year. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Copper Tubes, Pipes And Fitting in Southern Asia

In value terms, copper pipe and fitting production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the production volume increased by 17% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Copper Tubes, Pipes And Fitting

Exports in Southern Asia

In 2021, copper pipe and fitting exports in Southern Asia soared to X tons, with an increase of 35% compared with the previous year's figure. Over the period under review, exports showed strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, copper pipe and fitting exports soared to $X in 2021. Overall, exports enjoyed a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

India dominates exports structure, accounting for X tons, which was approx. 97% of total exports in 2021. Sri Lanka (X tons) held a little share of total exports.

India was also the fastest-growing in terms of the copper tubes, pipes and fitting exports, with a CAGR of +13.8% from 2012 to 2021. Sri Lanka (-7.8%) illustrated a downward trend over the same period. India (+12 p.p.) significantly strengthened its position in terms of the total exports, while Sri Lanka saw its share reduced by -10.9% from 2012 to 2021, respectively.

In value terms, India ($X) remains the largest copper pipe and fitting supplier in Southern Asia, comprising 98% of total exports. The second position in the ranking was held by Sri Lanka ($X), with a 1.3% share of total exports.

In India, copper pipe and fitting exports increased at an average annual rate of +15.8% over the period from 2012-2021.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, rising by 27% against the previous year. Over the last nine years, it increased at an average annual rate of +2.3%. 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 amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was India ($X per ton), while Sri Lanka stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+1.7%).

Imports of Copper Tubes, Pipes And Fitting

Imports in Southern Asia

Copper pipe and fitting imports soared to X tons in 2021, with an increase of 35% on the year before. Over the period under review, imports posted a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

Imports by Country

India prevails in imports structure, finishing at X tons, which was approx. 85% of total imports in 2021. Pakistan (X tons) took the second position in the ranking, followed by Bangladesh (X tons). All these countries together took approx. 14% share of total imports.

Imports into India increased at an average annual rate of +13.7% from 2012 to 2021. At the same time, Bangladesh (+17.6%) and Pakistan (+10.9%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +17.6% from 2012-2021. From 2012 to 2021, the share of Bangladesh increased by +1.6 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported copper tubes, pipes and fitting in Southern Asia, comprising 85% of total imports. The second position in the ranking was taken by Pakistan ($X), with a 7.6% share of total imports.

In India, copper pipe and fitting imports expanded at an average annual rate of +14.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Pakistan (+12.1% per year) and Bangladesh (+18.7% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, rising by 30% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Bangladesh ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+1.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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