Price for Copper Tube or Pipe Fitting in Malaysia - 2021
Contents:
- Price for Copper Tube or Pipe Fitting in Malaysia (FOB) - 2021
- Price for Copper Tube or Pipe Fitting in Malaysia (CIF) - 2022
- Exports of Copper Tube or Pipe Fitting in Malaysia
- Imports of Copper Tube or Pipe Fitting in Malaysia
Price for Copper Tube or Pipe Fitting in Malaysia (FOB) - 2021
In December 2021, the average export price for tube or pipe fittings, couplings, elbows, sleeves of refined copper amounted to $9,807 per ton, reducing by -23.5% against the previous month. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in June 2021 an increase of 21% month-to-month. Over the period under review, the average export prices reached the peak figure at $13,712 per ton in October 2021; however, from November 2021 to December 2021, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Spain ($15,610 per ton), while the average price for exports to New Zealand ($2,071 per ton) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+0.3%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Copper Tube or Pipe Fitting in Malaysia (CIF) - 2022
In 2022, the average import price for tube or pipe fittings, couplings, elbows, sleeves of refined copper amounted to $11,987 per ton, remaining stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2019 when the average import price increased by 30%. As a result, import price attained the peak level of $12,522 per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($18,755 per ton), while the price for the United States ($5,247 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Copper Tube or Pipe Fitting in Malaysia
In 2022, the amount of tube or pipe fittings, couplings, elbows, sleeves of refined copper exported from Malaysia reduced to 438 tons, with a decrease of -12.4% compared with the year before. The total export volume increased at an average annual rate of +2.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 33%. As a result, the exports reached the peak of 500 tons, and then reduced in the following year.
In value terms, copper tube or pipe fitting exports shrank remarkably to $4.7M in 2022. Overall, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +5.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +30.5% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 61% against the previous year. As a result, the exports reached the peak of $5.8M, and then fell rapidly in the following year.
| Export of Copper Tube or Pipe Fitting in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 2.3 | 1.8 | 3.6 | 3.0 | 9.3% |
| Singapore | 1.6 | 1.7 | 1.9 | 1.5 | -2.1% |
| Others | 0.1 | 0.1 | 0.3 | 0.1 | 0.0% |
| Total | 4.0 | 3.6 | 5.8 | 4.7 | 5.5% |
Top Export Markets for Copper Tube or Pipe Fitting from Malaysia in 2022:
- Spain (216.7 tons)
- Singapore (215.5 tons)
Imports of Copper Tube or Pipe Fitting in Malaysia
In 2022, approx. 142 tons of tube or pipe fittings, couplings, elbows, sleeves of refined copper were imported into Malaysia; with a decrease of -26.5% on the year before. Over the period under review, imports showed a abrupt contraction. The growth pace was the most rapid in 2021 when imports increased by 109%.
In value terms, copper tube or pipe fitting imports dropped significantly to $1.7M in 2022. Overall, imports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2021 when imports increased by 105% against the previous year.
| Import of Copper Tube or Pipe Fitting in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1,772 | 290 | 463 | 583 | -31.0% |
| China | 412 | 224 | 668 | 430 | 1.4% |
| South Korea | 172 | 169 | 230 | 156 | -3.2% |
| United Kingdom | 52.5 | 145 | 242 | 155 | 43.5% |
| Australia | 57.5 | 12.8 | 146 | 93.6 | 17.6% |
| United States | 148 | 24.7 | 102 | 65.3 | -23.9% |
| Singapore | 123 | 44.5 | 27.4 | 50.0 | -25.9% |
| Others | 388 | 211 | 416 | 173 | -23.6% |
| Total | 3,125 | 1,121 | 2,293 | 1,707 | -18.3% |
Top Suppliers of Copper Tube or Pipe Fitting to Malaysia in 2022:
- China (48.6 tons)
- Japan (31.1 tons)
- United Kingdom (13.8 tons)
- United States (12.5 tons)
- South Korea (9.5 tons)
- Australia (9.1 tons)
- Singapore (5.8 tons)
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This report provides an in-depth analysis of the market for copper pipe and fitting in Malaysia.
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This report provides an in-depth analysis of the global market for copper pipe and fitting.
