Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in South Korea - 2022
Contents:
- Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in South Korea (FOB) - 2022
- Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in South Korea (CIF) - 2022
- Exports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in South Korea
- Imports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in South Korea
Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in South Korea (FOB) - 2022
In December 2022, the average export price for copper; tube or pipe fittings (eg couplings, elbows, sleeves)s amounted to $30,716 per ton, rising by 27% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 when the average export price increased by 29% month-to-month. The export price peaked at $35,516 per ton in June 2022; however, from July 2022 to December 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Canada ($36,495 per ton), while the average price for exports to Mexico ($2,720 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in South Korea (CIF) - 2022
The average import price for copper; tube or pipe fittings (eg couplings, elbows, sleeves)s stood at $12,848 per ton in December 2022, declining by -5.2% against the previous month. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2022 an increase of 28% against the previous month. As a result, import price reached the peak level of $17,846 per ton. From March 2022 to December 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was France ($59,697 per ton), while the price for China ($11,556 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by France (+2.7%), while the prices for the other major suppliers experienced a decline.
Exports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in South Korea
After two years of decline, shipments abroad of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s increased by 0.2% to 4.1K tons in 2022. Overall, exports, however, faced a abrupt shrinkage.
In value terms, exports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s rose rapidly to $120M in 2022. The total export value increased at an average annual rate of +3.6% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 10%. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Export of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 64.7 | 64.2 | 70.6 | 83.3 | 8.8% |
| Germany | 5.3 | 4.4 | 5.5 | 6.0 | 4.2% |
| China | 6.3 | 5.8 | 7.1 | 5.1 | -6.8% |
| Taiwan (Chinese) | 1.0 | 3.2 | 2.6 | 3.0 | 44.2% |
| Thailand | 2.9 | 2.0 | 2.7 | 2.2 | -8.8% |
| Japan | 2.0 | 1.9 | 3.1 | 1.9 | -1.7% |
| Vietnam | 1.4 | 1.0 | 1.3 | 1.7 | 6.7% |
| Australia | 2.1 | 2.4 | 1.6 | 1.2 | -17.0% |
| Russia | 1.0 | 1.3 | 1.7 | 0.8 | -7.2% |
| Others | 20.9 | 15.1 | 15.4 | 14.4 | -11.7% |
| Total | 108 | 101 | 112 | 120 | 3.6% |
Top Export Markets for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) from South Korea in 2022:
- United States (2694.1 tons)
- China (241.6 tons)
- Germany (178.2 tons)
- Thailand (121.8 tons)
- Taiwan (Chinese) (78.1 tons)
- Japan (77.1 tons)
- Vietnam (71.8 tons)
- Russia (37.4 tons)
- Australia (36.9 tons)
Imports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in South Korea
Imports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s into South Korea rose modestly to 4.2K tons in 2022, growing by 3.3% against 2021 figures. The total import volume increased at an average annual rate of +8.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 26%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s expanded sharply to $63M in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +16.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 40% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in years to come.
| Import of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 27.6 | 26.9 | 40.5 | 46.5 | 19.0% |
| Singapore | 2.1 | 4.1 | 4.6 | 4.7 | 30.8% |
| France | 0.3 | 0.3 | 0.3 | 2.5 | 102.7% |
| Japan | 2.5 | 2.7 | 3.0 | 2.2 | -4.2% |
| Others | 7.6 | 5.6 | 7.1 | 7.0 | -2.7% |
| Total | 40.1 | 39.7 | 55.5 | 62.9 | 16.2% |
Top Suppliers of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) to South Korea in 2022:
- China (3825.4 tons)
- France (93.7 tons)
- Singapore (81.5 tons)
- Japan (65.7 tons)
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This report provides an in-depth analysis of the market for copper pipe and fitting in Republic of Korea.
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This report provides an in-depth analysis of the global market for copper pipe and fitting.
