Price for Copper Tube or Pipe Fitting in Vietnam - 2021
Contents:
- Price for Copper Tube or Pipe Fitting in Vietnam (FOB) - 2022
- Price for Copper Tube or Pipe Fitting in Vietnam (CIF) - 2022
- Exports of Copper Tube or Pipe Fitting in Vietnam
- Imports of Copper Tube or Pipe Fitting in Vietnam
Price for Copper Tube or Pipe Fitting in Vietnam (FOB) - 2022
The average export price for tube or pipe fittings, couplings, elbows, sleeves of refined copper stood at $18,153 per ton in 2022, increasing by 1.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2018 when the average export price increased by 25% against the previous year. As a result, the export price reached the peak level of $20,796 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Japan ($18,183 per ton) and the United States ($18,183 per ton), while the average price for exports to Thailand ($17,827 per ton) and Singapore ($17,987 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 the United States (+1.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Copper Tube or Pipe Fitting in Vietnam (CIF) - 2022
The average import price for tube or pipe fittings, couplings, elbows, sleeves of refined copper stood at $18,619 per ton in 2022, declining by -6.6% against the previous year. Over the period under review, the import price, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2016 when the average import price increased by 81%. Over the period under review, average import prices reached the peak figure at $19,936 per ton in 2021, and then dropped in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($20,589 per ton) and Japan ($20,588 per ton), while the price for South Korea ($17,963 per ton) and the UK ($18,455 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Copper Tube or Pipe Fitting in Vietnam
In 2022, after three years of growth, there was significant decline in overseas shipments of tube or pipe fittings, couplings, elbows, sleeves of refined copper, when their volume decreased by -25.6% to 329 tons. Overall, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 105%. As a result, the exports reached the peak of 442 tons, and then shrank rapidly in the following year.
In value terms, copper tube or pipe fitting exports dropped markedly to $6M in 2022. In general, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 95%. As a result, the exports reached the peak of $7.9M, and then dropped notably in the following year.
| Export of Copper Tube or Pipe Fitting in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,465 | 2,802 | 6,559 | 4,896 | 49.5% |
| Singapore | 365 | 992 | 626 | 662 | 22.0% |
| Germany | 40.8 | 91.0 | 223 | 166 | 59.6% |
| Thailand | 113 | 100 | 171 | 131 | 5.1% |
| Japan | 42.7 | 56.7 | 138 | 103 | 34.1% |
| Others | 53.2 | 7.2 | 170 | 10.5 | -41.8% |
| Total | 2,079 | 4,049 | 7,886 | 5,968 | 42.1% |
Top Export Markets for Copper Tube or Pipe Fitting from Vietnam in 2022:
- United States (269.2 tons)
- Singapore (36.8 tons)
- Germany (9.1 tons)
- Thailand (7.3 tons)
- Japan (5.7 tons)
Imports of Copper Tube or Pipe Fitting in Vietnam
In 2022, purchases abroad of tube or pipe fittings, couplings, elbows, sleeves of refined copper was finally on the rise to reach 362 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a abrupt slump.
In value terms, copper tube or pipe fitting imports amounted to $6.7M in 2022. Over the period under review, imports, however, continue to indicate a pronounced setback.
| Import of Copper Tube or Pipe Fitting in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.4 | 3.6 | 3.8 | 3.7 | -5.6% |
| Thailand | 2.2 | 2.3 | 1.9 | 2.0 | -3.1% |
| United Kingdom | 0.7 | 0.5 | 0.5 | 0.5 | -10.6% |
| United States | 0.2 | N/A | 0.2 | 0.2 | 0.0% |
| South Korea | 0.2 | 0.3 | N/A | 0.2 | 0.0% |
| Others | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
| Total | 7.8 | 6.8 | 6.7 | 6.7 | -4.9% |
Top Suppliers of Copper Tube or Pipe Fitting to Vietnam in 2022:
- China (199.3 tons)
- Thailand (108.3 tons)
- United Kingdom (26.6 tons)
- United States (10.0 tons)
- South Korea (9.7 tons)
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This report provides an in-depth analysis of the market for copper pipe and fitting in Vietnam.
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This report provides an in-depth analysis of the global market for copper pipe and fitting.
