Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Thailand - 2024
Contents:
- Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Thailand (FOB) - 2024
- Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Thailand (CIF) - 2024
- Exports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Thailand
- Imports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Thailand
Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Thailand (FOB) - 2024
In January 2024, the average export price for copper; tube or pipe fittings (eg couplings, elbows, sleeves)s amounted to $16,172 per ton, declining by -4.2% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2023 when the average export price increased by 9.7% against the previous month. As a result, the export price attained the peak level of $18,281 per ton. From August 2023 to January 2024, 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 Turkey ($28,183 per ton), while the average price for exports to the United States ($15,374 per ton) was amongst the lowest.
From February 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+5.7%), 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 Thailand (CIF) - 2024
In January 2024, the average import price for copper; tube or pipe fittings (eg couplings, elbows, sleeves)s amounted to $14,427 per ton, falling by -20% against the previous month. In general, the import price showed a mild reduction. The most prominent rate of growth was recorded in September 2023 an increase of 55% month-to-month. As a result, import price reached the peak level of $19,589 per ton. From October 2023 to January 2024, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Vietnam ($43,441 per ton), while the price for China ($12,272 per ton) was amongst the lowest.
From February 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Vietnam (+9.9%), 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 Thailand
In 2022, approx. 3.5K tons of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s were exported from Thailand; growing by 7.8% compared with the previous year. Overall, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +18.9% 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 +68.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 28% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, exports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s rose significantly to $59M in 2022. Over the period under review, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.6% 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 +75.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 41%. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Export of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 11.0 | 12.9 | 20.4 | 27.2 | 35.2% |
| Canada | 3.7 | 5.4 | 7.3 | 10.1 | 39.8% |
| Japan | 6.3 | 6.2 | 7.7 | 5.3 | -5.6% |
| Turkey | 2.3 | 3.0 | 4.0 | 4.3 | 23.2% |
| Hong Kong SAR | 1.5 | 1.2 | 2.3 | 2.4 | 17.0% |
| Vietnam | 2.2 | 1.9 | 1.6 | 1.9 | -4.8% |
| Hungary | 1.1 | 0.3 | 1.0 | 1.1 | 0.0% |
| United Kingdom | 1.4 | 0.6 | 0.8 | 1.0 | -10.6% |
| India | 0.4 | 0.7 | 0.8 | 0.8 | 26.0% |
| Others | 3.7 | 4.2 | 5.4 | 4.9 | 9.8% |
| Total | 33.7 | 36.5 | 51.4 | 59.0 | 20.5% |
Top Export Markets for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) from Thailand in 2022:
- United States (1744.4 tons)
- Canada (617.7 tons)
- Japan (244.8 tons)
- Turkey (190.2 tons)
- Hong Kong SAR (143.2 tons)
- Vietnam (92.3 tons)
- United Kingdom (66.7 tons)
- Hungary (58.2 tons)
- India (54.7 tons)
Imports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Thailand
In 2022, supplies from abroad of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s decreased by -23.4% to 3.5K tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +9.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +30.5% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 34% against the previous year. As a result, imports attained the peak of 4.5K tons, and then dropped markedly in the following year.
In value terms, imports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s contracted sharply to $56M in 2022. Over the period under review, imports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 89% against the previous year. As a result, imports reached the peak of $82M, and then reduced markedly in the following year.
| Import of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 17.1 | 23.8 | 58.5 | 31.6 | 22.7% |
| Japan | 7.9 | 6.1 | 7.0 | 7.6 | -1.3% |
| South Korea | 2.9 | 2.2 | 3.2 | 2.8 | -1.2% |
| Vietnam | 1.9 | 2.1 | 2.0 | 2.6 | 11.0% |
| Turkey | 0.7 | 2.5 | 3.5 | 2.2 | 46.5% |
| Italy | 1.2 | 0.9 | 1.1 | 1.9 | 16.6% |
| United States | 1.2 | 1.3 | 1.2 | 1.2 | 0.0% |
| Germany | 4.2 | 0.9 | 1.2 | 1.1 | -36.0% |
| Others | 3.7 | 3.6 | 4.5 | 4.9 | 9.8% |
| Total | 40.7 | 43.5 | 82.2 | 55.8 | 11.1% |
Top Suppliers of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) to Thailand in 2022:
- China (2412.7 tons)
- Japan (260.0 tons)
- Turkey (202.7 tons)
- South Korea (153.0 tons)
- Italy (106.3 tons)
- Vietnam (86.3 tons)
- United States (57.6 tons)
- Germany (39.4 tons)
598
This report provides an in-depth analysis of the market for copper pipe and fitting in Thailand.
584
This report provides an in-depth analysis of the global market for copper pipe and fitting.
