Price for Refined Copper Tube and Pipe in South Korea - 2022
Contents:
- Price for Refined Copper Tube and Pipe in South Korea (FOB) - 2022
- Price for Refined Copper Tube and Pipe in South Korea (CIF) - 2022
- Exports of Refined Copper Tube and Pipe in South Korea
- Imports of Refined Copper Tube and Pipe in South Korea
Price for Refined Copper Tube and Pipe in South Korea (FOB) - 2022
In 2022, the average export price for tubes and pipes of refined copper amounted to $10,242 per ton, standing approx. at the previous year. Overall, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, refined copper tube and pipe export price increased by +33.1% against 2018 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 41% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Canada ($11,235 per ton) and Japan ($11,007 per ton), while the average price for exports to the UK ($9,505 per ton) and India ($9,798 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 Arab Emirates (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Refined Copper Tube and Pipe in South Korea (CIF) - 2022
In December 2022, the average import price for tubes and pipes of refined copper amounted to $9,610 per ton, falling by -2% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 when the average import price increased by 2% month-to-month. Over the period under review, average import prices hit record highs at $11,159 per ton in May 2022; however, from June 2022 to December 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the highest price was recorded for prices from China ($10,506 per ton) and Thailand ($10,328 per ton), while the price for Vietnam ($9,046 per ton) and Malaysia ($9,177 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 Thailand (+1.5%), while the prices for the other major suppliers experienced a decline.
Exports of Refined Copper Tube and Pipe in South Korea
Refined copper tube and pipe exports from South Korea shrank to 41K tons in 2022, remaining relatively unchanged against the previous year. The total export volume increased at an average annual rate of +3.3% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 15% against the previous year. As a result, the exports attained the peak of 41K tons, leveling off in the following year.
In value terms, refined copper tube and pipe exports stood at $421M in 2022. Overall, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +16.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 62%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Refined Copper Tube and Pipe in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 72.4 | 84.4 | 207 | 201 | 40.5% |
| Australia | 41.8 | 31.3 | 38.6 | 34.1 | -6.6% |
| Saudi Arabia | 13.2 | 10.8 | 25.8 | 31.9 | 34.2% |
| United Arab Emirates | 10.9 | 11.1 | 11.2 | 24.0 | 30.1% |
| United Kingdom | 17.5 | 20.2 | 23.1 | 23.0 | 9.5% |
| India | 9.1 | 6.8 | 6.7 | 14.1 | 15.7% |
| Hong Kong SAR | 11.1 | 8.6 | 15.1 | 14.0 | 8.0% |
| Thailand | 13.7 | 16.3 | 19.7 | 12.7 | -2.5% |
| Turkey | 1.1 | 9.7 | 9.1 | 8.1 | 94.5% |
| China | 14.2 | 8.7 | 7.4 | 5.5 | -27.1% |
| Egypt | 5.3 | 5.2 | 6.4 | 4.9 | -2.6% |
| Japan | 9.7 | 7.4 | 7.6 | 4.2 | -24.3% |
| Brazil | 10.9 | 6.2 | 2.6 | 0.3 | -69.8% |
| Others | 37.4 | 32.1 | 38.8 | 42.7 | 4.5% |
| Total | 268 | 259 | 420 | 421 | 16.2% |
Top Export Markets for Refined Copper Tube and Pipe from South Korea in 2022:
- Brazil (undefinedK tons)
- United States (19.8K tons)
- Australia (3.4K tons)
- Saudi Arabia (3.0K tons)
- United Kingdom (2.4K tons)
- United Arab Emirates (2.3K tons)
- India (1.4K tons)
- Hong Kong SAR (1.3K tons)
- Thailand (1.2K tons)
- Turkey (0.8K tons)
- Egypt (0.5K tons)
- China (0.5K tons)
- Japan (0.4K tons)
Imports of Refined Copper Tube and Pipe in South Korea
For the fourth year in a row, South Korea recorded growth in supplies from abroad of tubes and pipes of refined copper, which increased by 2.7% to 23K tons in 2022. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +14.9% 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 +51.6% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 23%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, refined copper tube and pipe imports reached $235M in 2022. Overall, imports showed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 62%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.
| Import of Refined Copper Tube and Pipe in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 32.4 | 58.4 | 116 | 140 | 62.9% |
| China | 52.0 | 49.3 | 74.7 | 74.1 | 12.5% |
| Thailand | 0.1 | 0.8 | 0.1 | 13.0 | 406.6% |
| Malaysia | 10.0 | 9.0 | 6.0 | 5.7 | -17.1% |
| Others | 13.0 | 9.2 | 8.1 | 2.9 | -39.4% |
| Total | 108 | 127 | 205 | 235 | 29.6% |
Top Suppliers of Refined Copper Tube and Pipe to South Korea in 2022:
- Vietnam (13.7K tons)
- China (6.9K tons)
- Thailand (1.2K tons)
- Malaysia (0.5K tons)
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