Price for Copper Alloy Tube or Pipe Fitting in Vietnam - 2022

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

The average export price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys stood at $18,783 per ton in 2022, waning by -7.2% against the previous year. Over the period under review, the export price showed a perceptible contraction. The pace of growth appeared the most rapid in 2020 an increase of 25% against the previous year. As a result, the export price reached the peak level of $23,963 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Japan ($18,783 per ton) and the United States ($18,783 per ton), while the average price for exports to China ($18,781 per ton) and Canada ($18,783 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (-2.3%), while the prices for the other major destinations experienced a decline.

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

The average import price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys stood at $22,377 per ton in 2022, rising by 11% against the previous year. In general, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys increased by +22.2% against 2018 indices. The most prominent rate of growth was recorded in 2017 an increase of 37%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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 ($40,728 per ton), while the price for Malaysia ($13,755 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Copper Alloy Tube or Pipe Fitting in Vietnam

In 2022, approx. 1.9K tons of tube or pipe fittings, couplings, elbows, sleeves of copper alloys were exported from Vietnam; flattening at 2021. Overall, exports, however, posted a significant expansion. The growth pace was the most rapid in 2021 with an increase of 118% against the previous year. As a result, the exports reached the peak of 1.9K tons, and then fell modestly in the following year.

In value terms, exports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys shrank to $36M in 2022. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 84%. As a result, the exports reached the peak of $39M, and then dropped in the following year.

Export of Copper Alloy Tube or Pipe Fitting in Vietnam (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	11.1	15.5	28.7	25.6	32.1%
Japan	4.8	4.0	7.6	7.6	16.6%
Canada	0.1	0.2	0.6	0.8	100.0%
France	0.3	0.4	0.9	0.7	32.6%
Others	1.7	1.4	1.7	1.4	-6.3%
Total	18.0	21.4	39.4	36.1	26.1%

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

United States (1361.1 tons)
Japan (406.4 tons)
Canada (42.2 tons)
France (39.3 tons)

Imports of Copper Alloy Tube or Pipe Fitting in Vietnam

After three years of growth, overseas purchases of tube or pipe fittings, couplings, elbows, sleeves of copper alloys decreased by -6.1% to 1.1K tons in 2022. The total import volume increased at an average annual rate of +1.9% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 12% against the previous year. As a result, imports attained the peak of 1.2K tons, and then reduced in the following year.

In value terms, imports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys stood at $25M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +12.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.7% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 26% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Import of Copper Alloy Tube or Pipe Fitting in Vietnam (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	10.9	14.2	19.4	19.5	21.4%
South Korea	1.4	0.9	1.0	1.4	0.0%
Japan	1.3	1.1	1.1	1.2	-2.6%
Thailand	0.9	0.6	0.5	0.7	-8.0%
Singapore	0.2	0.2	0.3	0.6	44.2%
Malaysia	0.9	0.8	0.5	0.4	-23.7%
Others	1.7	1.1	1.2	1.3	-8.6%
Total	17.4	19.0	23.9	25.0	12.8%