Price for Refined Copper Tube and Pipe in China - 2023
Contents:
- Price for Refined Copper Tube and Pipe in China (FOB) - 2023
- Price for Refined Copper Tube and Pipe in China (CIF) - 2023
- Exports of Refined Copper Tube and Pipe in China
- Imports of Refined Copper Tube and Pipe in China
Price for Refined Copper Tube and Pipe in China (FOB) - 2023
The average export price for tubes and pipes of refined copper stood at $9,317 per ton in August 2023, approximately equating the previous month. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in February 2023 an increase of 2.4% month-to-month. Over the period under review, the average export prices attained the maximum at $9,999 per ton in September 2022; however, from October 2022 to August 2023, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major overseas markets. In August 2023, the countries with the highest prices were the United States ($11,597 per ton) and Australia ($10,008 per ton), while the average price for exports to Israel ($9,123 per ton) and Thailand ($9,155 per ton) were amongst the lowest.
From September 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Israel (+0.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Refined Copper Tube and Pipe in China (CIF) - 2023
In September 2023, the average import price for tubes and pipes of refined copper amounted to $10,990 per ton, with an increase of 1.6% against the previous month. In general, the import price, however, showed a mild downturn. The growth pace was the most rapid in January 2023 when the average import price increased by 15% month-to-month. Over the period under review, average import prices attained the maximum at $12,704 per ton in September 2022; however, from October 2022 to September 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($15,680 per ton), while the price for the UK ($5,515 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by South Korea (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Refined Copper Tube and Pipe in China
In 2022, the amount of tubes and pipes of refined copper exported from China stood at 214K tons, remaining stable against the previous year's figure. The total export volume increased at an average annual rate of +7.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 30% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, refined copper tube and pipe exports rose notably to $2.2B in 2022. In general, exports showed significant growth. The growth pace was the most rapid in 2021 when exports increased by 81% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Refined Copper Tube and Pipe in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 238 | 235 | 363 | 406 | 19.5% |
| United States | 15.9 | 20.6 | 115 | 195 | 130.6% |
| Malaysia | 102 | 88.1 | 134 | 169 | 18.3% |
| Japan | 101 | 89.5 | 151 | 123 | 6.8% |
| Indonesia | 62.0 | 60.1 | 85.4 | 81.4 | 9.5% |
| Australia | 44.2 | 50.5 | 72.5 | 77.9 | 20.8% |
| Turkey | 20.1 | 30.7 | 51.4 | 73.5 | 54.1% |
| South Korea | 55.6 | 45.0 | 77.1 | 66.5 | 6.1% |
| Egypt | 35.6 | 37.9 | 63.8 | 60.2 | 19.1% |
| Pakistan | 25.0 | 22.1 | 50.8 | 53.9 | 29.2% |
| India | 18.6 | 11.2 | 69.5 | 52.5 | 41.3% |
| Philippines | 27.8 | 18.4 | 36.7 | 44.7 | 17.2% |
| Brazil | 8.8 | 8.0 | 43.9 | 42.9 | 69.6% |
| Others | 467 | 424 | 746 | 794 | 19.4% |
| Total | 1,222 | 1,140 | 2,061 | 2,241 | 22.4% |
Top Export Markets for Refined Copper Tube and Pipe from China in 2022:
- Thailand (39.3K tons)
- United States (17.0K tons)
- Malaysia (16.3K tons)
- Japan (11.6K tons)
- Indonesia (8.0K tons)
- Australia (7.5K tons)
- Turkey (7.2K tons)
- South Korea (6.2K tons)
- Egypt (5.8K tons)
- Pakistan (5.2K tons)
- India (4.8K tons)
- Brazil (4.2K tons)
- Philippines (4.2K tons)
Imports of Refined Copper Tube and Pipe in China
In 2022, purchases abroad of tubes and pipes of refined copper decreased by -16% to 18K tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 1.1%. As a result, imports reached the peak of 22K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, refined copper tube and pipe imports contracted to $200M in 2022. The total import value increased at an average annual rate of +8.5% over the period from 2019 to 2022; 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 36% against the previous year. As a result, imports reached the peak of $214M, and then dropped in the following year.
| Import of Refined Copper Tube and Pipe in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 1.5 | 7.0 | 106 | 124 | 335.6% |
| Japan | 19.2 | 16.4 | 34.9 | 30.3 | 16.4% |
| Germany | 2.4 | 2.4 | 8.4 | 12.1 | 71.5% |
| South Korea | 15.6 | 10.9 | 10.3 | 7.0 | -23.4% |
| Malaysia | 16.4 | 14.8 | 4.4 | 6.8 | -25.4% |
| Vietnam | 88.0 | 85.1 | 32.6 | 4.4 | -63.2% |
| United Kingdom | 5.7 | 3.4 | 5.0 | 3.4 | -15.8% |
| Others | 8.3 | 17.5 | 12.7 | 12.6 | 14.9% |
| Total | 157 | 157 | 214 | 200 | 8.4% |
Top Suppliers of Refined Copper Tube and Pipe to China in 2022:
- Thailand (11.4K tons)
- Japan (2.5K tons)
- Germany (0.7K tons)
- United Kingdom (0.6K tons)
- Malaysia (0.6K tons)
- South Korea (0.6K tons)
- Vietnam (0.4K tons)
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