Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Vietnam - 2022
Contents:
- Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Vietnam (FOB) - 2022
- Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Vietnam (CIF) - 2022
- Exports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Vietnam
- Imports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Vietnam
Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Vietnam (FOB) - 2022
In December 2022, the average export price for copper; tube or pipe fittings (eg couplings, elbows, sleeves)s amounted to $23,146 per ton, leveling off at the previous month. Over the last twelve months, it increased at an average monthly rate of +1.1%. The pace of growth appeared the most rapid in January 2022 an increase of 14% month-to-month. The export price peaked at $23,200 per ton in July 2022; however, from August 2022 to December 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In December 2022, the countries with the highest prices were Japan ($23,354 per ton) and the United States ($23,150 per ton), while the average price for exports to Singapore ($22,713 per ton) and Germany ($22,809 per ton) were amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+1.2%), 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 Vietnam (CIF) - 2022
In December 2022, the average import price for copper; tube or pipe fittings (eg couplings, elbows, sleeves)s amounted to $21,965 per ton, remaining constant against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in January 2022 when the average import price increased by 11% against the previous month. The import price peaked at $22,211 per ton in April 2022; however, from May 2022 to December 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the highest price was recorded for prices from Malaysia ($22,378 per ton) and Japan ($22,371 per ton), while the price for the United States ($21,618 per ton) and Thailand ($21,660 per ton) were amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Japan (+0.9%), 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 Vietnam
In 2022, approx. 3.7K tons of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s were exported from Vietnam; surging by 5.3% on 2021. Over the period under review, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 with an increase of 78%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s skyrocketed to $86M in 2022. In general, exports showed a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 64%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see steady growth in the near future.
| Export of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 23.1 | 30.7 | 55.2 | 61.3 | 38.4% |
| Japan | 5.1 | 4.3 | 8.1 | 11.5 | 31.1% |
| Singapore | 3.2 | 5.5 | 2.6 | 5.6 | 20.5% |
| Canada | 0.1 | 0.2 | 1.2 | 2.0 | 171.4% |
| Germany | 0.4 | 0.7 | 1.1 | 1.5 | 55.4% |
| Others | 2.8 | 2.1 | 3.0 | 3.7 | 9.7% |
| Total | 34.8 | 43.4 | 71.2 | 85.6 | 35.0% |
Top Export Markets for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) from Vietnam in 2022:
- United States (2653.0 tons)
- Japan (494.0 tons)
- Singapore (248.2 tons)
- Canada (88.3 tons)
- Germany (64.3 tons)
Imports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Vietnam
Imports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s into Vietnam surged to 2.1K tons in 2022, increasing by 38% compared with the previous year. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +11.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.9% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s expanded markedly to $33M in 2022. The total import value increased at an average annual rate of +9.0% 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 19%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 13.1 | 11.2 | 13.0 | 12.7 | -1.0% |
| Japan | 2.8 | 6.5 | 8.5 | 9.4 | 49.7% |
| Thailand | 2.8 | 2.8 | 2.5 | 2.8 | 0.0% |
| South Korea | 2.3 | 1.7 | 1.8 | 2.5 | 2.8% |
| Germany | 0.7 | 0.6 | 1.4 | 1.6 | 31.7% |
| United States | 0.5 | 0.4 | 0.7 | 1.1 | 30.1% |
| Malaysia | 0.8 | 0.7 | 0.7 | 0.6 | -9.1% |
| Others | 2.2 | 1.9 | 2.0 | 1.8 | -6.5% |
| Total | 25.2 | 25.8 | 30.6 | 32.6 | 9.0% |
Top Suppliers of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) to Vietnam in 2022:
- China (830.5 tons)
- Japan (598.9 tons)
- Thailand (182.2 tons)
- South Korea (162.6 tons)
- Germany (105.6 tons)
- United States (74.9 tons)
- Malaysia (41.2 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.
