Price for Copper Tube or Pipe Fitting in Singapore - 2022

Contents:

1. Price for Copper Tube or Pipe Fitting in Singapore (CIF) - 2022
2. Price for Copper Tube or Pipe Fitting in Singapore (FOB) - 2022
3. Imports of Copper Tube or Pipe Fitting in Singapore
4. Exports of Copper Tube or Pipe Fitting in Singapore

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

In September 2022, the average import price for tube or pipe fittings, couplings, elbows, sleeves of refined copper amounted to $21,204 per ton, picking up by 14% against the previous month. In general, the import price recorded perceptible growth. The pace of growth was the most pronounced in January 2022 when the average import price increased by 151% against the previous month. As a result, import price reached the peak level of $26,734 per ton. From February 2022 to September 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was Vietnam ($36,724 per ton), while the price for China ($11,715 per ton) was amongst the lowest.

From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for tube or pipe fittings, couplings, elbows, sleeves of refined copper stood at $33,270 per ton in 2022, shrinking by -9.9% against the previous year. Over the period under review, the export price, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2017 an increase of 75% against the previous year. Over the period under review, the average export prices hit record highs at $39,438 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($59,281 per ton), while the average price for exports to Indonesia ($20,322 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 Malaysia (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Tube or Pipe Fitting in Singapore

In 2022, after three years of growth, there was significant decline in overseas purchases of tube or pipe fittings, couplings, elbows, sleeves of refined copper, when their volume decreased by -11.3% to 695 tons. Over the period under review, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 65%. As a result, imports reached the peak of 784 tons, and then dropped in the following year.

In value terms, copper tube or pipe fitting imports expanded remarkably to $11M in 2022. Overall, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 73%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Top Suppliers of Copper Tube or Pipe Fitting to Singapore in 2022:

1. China (398.6 tons)
2. Vietnam (208.1 tons)
3. Thailand (48.7 tons)
4. South Korea (15.9 tons)

Exports of Copper Tube or Pipe Fitting in Singapore

In 2022, exports of tube or pipe fittings, couplings, elbows, sleeves of refined copper from Singapore soared to 242 tons, picking up by 52% against 2021. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +12.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, copper tube or pipe fitting exports skyrocketed to $8.1M in 2022. Overall, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +6.4% 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 +96.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 44%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

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

1. Indonesia (58.8 tons)
2. Thailand (47.2 tons)
3. Australia (45.3 tons)
4. Brazil (30.9 tons)
5. Malaysia (19.6 tons)
6. United States (10.0 tons)
7. Philippines (9.5 tons)
8. Brunei Darussalam (3.3 tons)

Source: IndexBox Market Intelligence Platform