Republic of Korea - Copper Tubes, Pipes And Fittings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Copper Pipe and Fitting in South Korea - 2022
Contents:
- Price for Copper Pipe and Fitting in South Korea (FOB) - 2022
- Price for Copper Pipe and Fitting in South Korea (CIF) - 2022
- Exports of Copper Pipe and Fitting in South Korea
- Imports of Copper Pipe and Fitting in South Korea
Price for Copper Pipe and Fitting in South Korea (FOB) - 2022
The average copper pipe and fitting export price stood at $11,638 per ton in December 2022, picking up by 1.8% against the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in April 2022 when the average export price increased by 6% m-o-m. As a result, the export price attained the peak level of $13,337 per ton. From May 2022 to December 2022, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In December 2022, the country with the highest price was China ($17,846 per ton), while the average price for exports to Turkey ($9,446 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 China (+1.9%), while the prices for the other major destinations experienced a decline.
Price for Copper Pipe and Fitting in South Korea (CIF) - 2022
In 2022, the average copper pipe and fitting import price amounted to $9,290 per ton, with a decrease of -9% against the previous year. Over the period under review, the import price continues to indicate a mild decline. The pace of growth appeared the most rapid in 2021 an increase of 25%. The import price peaked at $11,121 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
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 ($71,705 per ton), while the price for Malaysia ($6,654 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+13.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Copper Pipe and Fitting in South Korea
In 2022, the amount of copper tubes, pipes and fitting exported from South Korea reduced to 48K tons, with a decrease of -6% against the year before. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 13%. As a result, the exports attained the peak of 51K tons, and then declined in the following year.
In value terms, copper pipe and fitting exports declined remarkably to $506M in 2022. In general, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +6.2% 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 +26.3% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 53%. As a result, the exports reached the peak of $611M, and then declined sharply in the following year.
Export of Copper Pipe and Fitting in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 142 | 149 | 282 | 236 | 18.5% |
Australia | 44.3 | 33.5 | 41.2 | 33.2 | -9.2% |
China | 30.2 | 18.5 | 22.4 | 23.3 | -8.3% |
Saudi Arabia | 14.8 | 12.1 | 27.4 | 22.1 | 14.3% |
United Kingdom | 21.6 | 22.7 | 25.5 | 21.3 | -0.5% |
Thailand | 17.3 | 18.5 | 23.2 | 19.1 | 3.4% |
India | 15.0 | 13.6 | 14.3 | 12.4 | -6.1% |
Hong Kong SAR | 11.6 | 8.9 | 15.4 | 12.2 | 1.7% |
Japan | 13.4 | 10.2 | 12.2 | 10.6 | -7.5% |
United Arab Emirates | 12.1 | 12.1 | 12.1 | 9.9 | -6.5% |
Turkey | 1.4 | 10.3 | 10.2 | 8.3 | 81.0% |
Brazil | 12.8 | 8.4 | 4.7 | 7.6 | -16.0% |
Egypt | 6.8 | 6.6 | 7.4 | 6.4 | -2.0% |
Others | 79.5 | 76.4 | 113 | 83.3 | 1.6% |
Total | 422 | 400 | 611 | 506 | 6.2% |
Top Export Markets for Copper Pipe and Fitting from South Korea in 2022:
- United States (20.3K tons)
- Australia (4.1K tons)
- Saudi Arabia (2.3K tons)
- United Kingdom (2.3K tons)
- China (2.1K tons)
- Thailand (1.9K tons)
- United Arab Emirates (1.5K tons)
- India (1.4K tons)
- Hong Kong SAR (1.3K tons)
- Japan (1.1K tons)
- Brazil (0.8K tons)
- Turkey (0.8K tons)
- Egypt (0.7K tons)
Imports of Copper Pipe and Fitting in South Korea
In 2022, overseas purchases of copper tubes, pipes and fitting decreased by -8% to 26K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +7.4% 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 with an increase of 19% against the previous year. As a result, imports attained the peak of 28K tons, and then reduced in the following year.
In value terms, copper pipe and fitting imports dropped significantly to $242M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +9.7% 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 +32.0% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 48%. As a result, imports reached the peak of $289M, and then fell sharply in the following year.
Import of Copper Pipe and Fitting in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 97.8 | 93.3 | 126 | 108 | 3.4% |
Vietnam | 32.6 | 58.4 | 117 | 93.0 | 41.8% |
Malaysia | 10.0 | 9.0 | 6.0 | 6.6 | -12.9% |
Others | 42.8 | 34.4 | 39.5 | 34.6 | -6.8% |
Total | 183 | 195 | 289 | 242 | 9.8% |
Top Suppliers of Copper Pipe and Fitting to South Korea in 2022:
- China (12.6K tons)
- Vietnam (10.9K tons)
- Malaysia (1.0K tons)
This report provides an in-depth analysis of the market for copper pipe and fitting in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24442630 - Copper tubes and pipes
- Prodcom 24442650 - Copper and copper alloy tube/pipe fittings including couplings, elbows, sleeves, tees and joints excluding bolts and nuts used for assembling/fixing pipes/tubes, fittings with taps, cocks, valves
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the market for copper pipe and fitting in Republic of Korea.
This report provides an in-depth analysis of the market for copper tube and pipe in Republic of Korea.
This report provides an in-depth analysis of the global market for copper pipe and fitting.
This report provides an in-depth analysis of the global market for copper tube and pipe.
This report provides an in-depth analysis of the market for copper pipe and fitting in Republic of Korea.
This report provides an in-depth analysis of the market for copper tube and pipe in Republic of Korea.
This report provides an in-depth analysis of the global market for copper pipe and fitting.
This report provides an in-depth analysis of the global market for copper tube and pipe.
Explore the top import markets for copper pipe and fitting products, including key statistics and trends. Discover the leading countries in terms of import value for 2022.
In value terms, copper tubes and pipes imports totaled $X in 2016. Overall, copper tubes and pipes imports continue to indicate a drastic curtailment. Global copper tubes and pipes import peaked of...
In value terms, copper tube and pipe fittings imports stood at $X in 2016. In general, copper tube and pipe fittings imports continue to indicate a relatively flat trend pattern. Over the period unde...
In value terms, copper tubes and pipes exports totaled $X in 2016. In general, copper tubes and pipes exports continue to indicate a abrupt deduction. Over the period under review, global copper tu...
In value terms, copper tube and pipe fittings exports stood at $X in 2016. In general, copper tube and pipe fittings exports continue to indicate a relatively flat trend pattern. Over the period un...
Explore the top import markets for copper pipe and fitting products, including key statistics and trends. Discover the leading countries in terms of import value for 2022.
In value terms, copper tubes and pipes imports totaled $X in 2016. Overall, copper tubes and pipes imports continue to indicate a drastic curtailment. Global copper tubes and pipes import peaked of...
In value terms, copper tube and pipe fittings imports stood at $X in 2016. In general, copper tube and pipe fittings imports continue to indicate a relatively flat trend pattern. Over the period unde...
In value terms, copper tubes and pipes exports totaled $X in 2016. In general, copper tubes and pipes exports continue to indicate a abrupt deduction. Over the period under review, global copper tu...
In value terms, copper tube and pipe fittings exports stood at $X in 2016. In general, copper tube and pipe fittings exports continue to indicate a relatively flat trend pattern. Over the period un...