Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Singapore - 2023
Contents:
- Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Singapore (FOB) - 2023
- Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Singapore (CIF) - 2023
- Exports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Singapore
- Imports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Singapore
Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Singapore (FOB) - 2023
In September 2022, the average export price for copper; tube or pipe fittings (eg couplings, elbows, sleeves)s amounted to $54,928 per ton, shrinking by -5.5% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2022 when the average export price increased by 15% m-o-m. As a result, the export price reached the peak level of $64,906 per ton. From August 2022 to September 2022, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($66,324 per ton), while the average price for exports to Vietnam ($26,614 per ton) was amongst the lowest.
From June 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+32.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Singapore (CIF) - 2023
In September 2022, the average import price for copper; tube or pipe fittings (eg couplings, elbows, sleeves)s amounted to $17,559 per ton, picking up by 12% against the previous month. Overall, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($176K per ton), while the price for India ($8,204 per ton) was amongst the lowest.
From June 2022 to September 2022, the most notable rate of growth in terms of prices was attained by the United States (+137.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Singapore
In 2022, approx. 2.4K tons of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s were exported from Singapore; jumping by 54% on 2021. Overall, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +21.4% 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 +79.1% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s expanded modestly to $73M in 2022. The total export value increased at an average annual rate of +13.2% 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 2020 with an increase of 36%. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6.8 | 13.7 | 21.0 | 24.3 | 52.9% |
| Japan | 14.8 | 14.8 | 16.5 | 11.4 | -8.3% |
| China | 8.8 | 10.6 | 9.2 | 9.3 | 1.9% |
| South Korea | 2.3 | 4.6 | 4.0 | 4.9 | 28.7% |
| Indonesia | 1.3 | 3.1 | 2.9 | 4.0 | 45.4% |
| Malaysia | 1.4 | 1.6 | 2.2 | 3.3 | 33.1% |
| Brazil | 0.1 | 0.4 | 2.0 | 2.6 | 196.2% |
| Thailand | 1.9 | 2.0 | 1.9 | 2.5 | 9.6% |
| Germany | 0.2 | 0.1 | 0.3 | 2.0 | 115.4% |
| Belgium | 5.6 | 12.4 | 3.4 | 1.9 | -30.3% |
| Australia | 0.6 | 1.1 | 1.7 | 1.8 | 44.2% |
| Vietnam | 0.2 | 0.2 | 0.3 | 0.8 | 58.7% |
| India | 3.1 | 1.0 | 0.8 | 0.7 | -39.1% |
| Others | 2.7 | 2.7 | 4.5 | 3.4 | 8.0% |
| Total | 50.0 | 68.1 | 70.7 | 72.6 | 13.2% |
Top Export Markets for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) from Singapore in 2022:
- United States (599.6 tons)
- Japan (394.6 tons)
- China (342.5 tons)
- Indonesia (272.1 tons)
- South Korea (153.5 tons)
- Malaysia (125.7 tons)
- Thailand (87.4 tons)
- Australia (72.4 tons)
- Brazil (66.5 tons)
- Vietnam (65.4 tons)
- Belgium (58.6 tons)
- Germany (42.1 tons)
- India (21.9 tons)
Imports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Singapore
For the fourth consecutive year, Singapore recorded growth in supplies from abroad of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s, which increased by 2.2% to 3.1K tons in 2022. The total import volume increased at an average annual rate of +9.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 23% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, imports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s fell to $42M in 2022. The total import value increased at an average annual rate of +4.9% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 16%. As a result, imports attained the peak of $46M, and then reduced in the following year.
| Import of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.0 | 8.0 | 17.7 | 15.9 | 31.5% |
| Vietnam | 1.8 | 5.7 | 3.6 | 5.4 | 44.2% |
| Japan | 11.8 | 10.0 | 5.8 | 5.2 | -23.9% |
| South Korea | 0.9 | 2.3 | 2.0 | 3.0 | 49.4% |
| United States | 2.4 | 2.7 | 3.3 | 2.8 | 5.3% |
| Malaysia | 1.1 | 0.9 | 1.1 | 1.9 | 20.0% |
| Germany | 2.0 | 1.6 | 3.3 | 1.6 | -7.2% |
| Taiwan (Chinese) | 1.2 | 1.2 | 1.1 | 1.3 | 2.7% |
| France | 1.2 | 1.7 | 1.6 | 1.1 | -2.9% |
| Thailand | 1.9 | 0.7 | 1.5 | 0.6 | -31.9% |
| India | 0.4 | 0.3 | 0.3 | 0.3 | -9.1% |
| Australia | 1.3 | 0.6 | 0.7 | 0.1 | -57.5% |
| Others | 3.1 | 4.2 | 3.9 | 2.4 | -8.2% |
| Total | 36.1 | 39.7 | 45.8 | 41.6 | 4.8% |
Top Suppliers of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) to Singapore in 2022:
- China (1845.1 tons)
- Vietnam (202.4 tons)
- United States (196.2 tons)
- South Korea (166.1 tons)
- Japan (143.2 tons)
- Malaysia (108.9 tons)
- Taiwan (Chinese) (69.2 tons)
- Germany (57.5 tons)
- India (51.1 tons)
- Thailand (50.8 tons)
- France (41.9 tons)
- Australia (5.9 tons)
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This report provides an in-depth analysis of the market for copper pipe and fitting in Singapore.
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This report provides an in-depth analysis of the global market for copper pipe and fitting.
