Price for Copper Alloy Tube or Pipe Fitting in Singapore - 2023

Price for Copper Alloy Tube or Pipe Fitting in Singapore (FOB) - 2022

The average export price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys stood at $41,868 per ton in 2022, reducing by -5.8% against the previous year. Over the period under review, the export price, however, continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2017 an increase of 56%. Over the period under review, the average export prices hit record highs at $45,615 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($57,403 per ton), while the average price for exports to the Philippines ($6,029 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+32.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Copper Alloy Tube or Pipe Fitting in Singapore (CIF) - 2022

In 2022, the average import price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys amounted to $13,089 per ton, which is down by -20.2% against the previous year. Over the period under review, the import price, however, showed a prominent increase. The growth pace was the most rapid in 2019 when the average import price increased by 111% against the previous year. Over the period under review, average import prices hit record highs at $16,439 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($36,669 per ton), while the price for India ($6,026 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+26.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Copper Alloy Tube or Pipe Fitting in Singapore

Exports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys from Singapore expanded markedly to 1.5K tons in 2022, with an increase of 5.6% compared with 2021. The total export volume increased at an average annual rate of +9.0% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 18%. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, exports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys contracted modestly to $64M in 2022. In general, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +14.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +49.0% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 48%.

Export of Copper Alloy Tube or Pipe Fitting in Singapore (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	6.7	13.5	20.9	24.0	53.0%
Japan	14.8	14.8	16.5	11.4	-8.3%
China	8.8	10.6	9.2	9.3	1.9%
South Korea	2.3	4.6	4.0	4.9	28.7%
Indonesia	1.2	1.9	2.3	2.8	32.6%
Malaysia	1.3	1.5	2.0	2.7	27.6%
Belgium	0.6	12.4	3.4	1.9	46.8%
India	3.0	1.0	0.8	0.7	-38.4%
Vietnam	0.2	0.2	0.3	0.7	51.8%
Thailand	0.9	0.6	0.5	0.6	-12.6%
Australia	0.6	0.5	0.5	0.3	-20.6%
Taiwan (Chinese)	0.5	0.3	0.5	0.3	-15.7%
Philippines	0.2	0.2	0.6	0.2	0.0%
Others	2.2	2.0	3.4	4.8	29.7%
Total	43.3	64.0	64.8	64.5	14.2%

Top Export Markets for Copper Alloy Tube or Pipe Fitting from Singapore in 2022:

United States (417.6 tons)
Japan (281.3 tons)
China (243.8 tons)
Indonesia (136.2 tons)
South Korea (109.0 tons)
Malaysia (70.3 tons)
Vietnam (43.5 tons)
Belgium (41.8 tons)
Philippines (30.4 tons)
Australia (22.4 tons)
Thailand (15.9 tons)
India (15.6 tons)
Taiwan (Chinese) (7.2 tons)

Imports of Copper Alloy Tube or Pipe Fitting in Singapore

Imports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys into Singapore rose significantly to 2.4K tons in 2022, surging by 7.9% compared with the year before. The total import volume increased at an average annual rate of +1.8% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 13%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys declined to $31M in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 13%. As a result, imports attained the peak of $36M, and then dropped in the following year.

Import of Copper Alloy Tube or Pipe Fitting in Singapore (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	6.5	6.9	13.1	12.1	23.0%
Japan	11.8	9.9	5.8	5.2	-23.9%
South Korea	0.9	2.2	2.0	2.8	46.0%
United States	2.2	2.4	3.0	2.5	4.4%
Malaysia	1.0	0.7	1.1	1.9	23.9%
Germany	1.9	1.6	3.2	1.6	-5.6%
Taiwan (Chinese)	1.2	1.1	1.1	1.1	-2.9%
France	1.2	1.7	1.6	1.1	-2.9%
Italy	0.2	1.1	0.7	0.7	51.8%
India	0.4	0.3	0.3	0.3	-9.1%
Australia	1.3	0.6	0.7	0.1	-57.5%
Others	2.9	3.3	3.5	1.6	-18.0%
Total	31.5	31.9	36.0	31.0	-0.5%