Price for Refined Copper Tube and Pipe in Thailand - 2023
Contents:
- Price for Refined Copper Tube and Pipe in Thailand (FOB) - 2023
- Price for Refined Copper Tube and Pipe in Thailand (CIF) - 2023
- Exports of Refined Copper Tube and Pipe in Thailand
- Imports of Refined Copper Tube and Pipe in Thailand
Price for Refined Copper Tube and Pipe in Thailand (FOB) - 2023
The average export price for tubes and pipes of refined copper stood at $10,583 per ton in September 2023, rising by 2.9% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 7.1% against the previous month. As a result, the export price attained the peak level of $11,505 per ton. From February 2023 to September 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was the Czech Republic ($19,432 per ton), while the average price for exports to South Korea ($9,384 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+1.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Refined Copper Tube and Pipe in Thailand (CIF) - 2023
In September 2023, the average import price for tubes and pipes of refined copper amounted to $9,621 per ton, almost unchanged from the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 an increase of 3.9% month-to-month. Over the period under review, average import prices reached the maximum at $10,282 per ton in January 2023; however, from February 2023 to September 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In September 2023, the highest price was recorded for prices from Malaysia ($13,055 per ton) and Japan ($12,465 per ton), while the price for Hong Kong SAR ($8,919 per ton) and China ($9,542 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+0.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Refined Copper Tube and Pipe in Thailand
After three years of growth, shipments abroad of tubes and pipes of refined copper decreased by -1.4% to 52K tons in 2022. Overall, exports, however, enjoyed prominent growth. The growth pace was the most rapid in 2021 with an increase of 66%. As a result, the exports reached the peak of 53K tons, and then reduced in the following year.
In value terms, refined copper tube and pipe exports reached $579M in 2022. In general, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 114% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.
| Export of Refined Copper Tube and Pipe in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 7.0 | 42.6 | 124 | 124 | 160.7% |
| China | 1.4 | 7.9 | 108 | 115 | 334.7% |
| Japan | 85.4 | 78.3 | 124 | 104 | 6.8% |
| India | 29.3 | 25.5 | 42.1 | 33.3 | 4.4% |
| Vietnam | 27.9 | 21.2 | 18.6 | 32.1 | 4.8% |
| Czech Republic | 27.3 | 23.8 | 35.3 | 30.0 | 3.2% |
| Malaysia | 24.7 | 20.2 | 24.7 | 29.3 | 5.9% |
| United Kingdom | 12.9 | 12.8 | 22.3 | 21.0 | 17.6% |
| South Korea | N/A | 1.1 | 0.6 | 15.8 | 279.0% |
| Turkey | 4.4 | 5.6 | 16.0 | 13.0 | 43.5% |
| Indonesia | 6.5 | 6.0 | 8.0 | 8.4 | 8.9% |
| Others | 26.4 | 25.3 | 54.6 | 52.7 | 25.9% |
| Total | 253 | 270 | 578 | 579 | 31.8% |
Top Export Markets for Refined Copper Tube and Pipe from Thailand in 2022:
- United States (12.1K tons)
- China (10.7K tons)
- Japan (8.5K tons)
- India (3.2K tons)
- Vietnam (3.2K tons)
- Malaysia (2.9K tons)
- Czech Republic (1.6K tons)
- United Kingdom (1.6K tons)
- South Korea (1.5K tons)
- Turkey (1.2K tons)
- Indonesia (0.8K tons)
Imports of Refined Copper Tube and Pipe in Thailand
In 2022, the amount of tubes and pipes of refined copper imported into Thailand rose notably to 48K tons, growing by 6.3% compared with 2021 figures. The total import volume increased at an average annual rate of +8.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 13%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, refined copper tube and pipe imports soared to $507M in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +21.6% 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 +79.7% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 41% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Refined Copper Tube and Pipe in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 222 | 246 | 326 | 379 | 19.5% |
| Vietnam | 12.3 | 11.1 | 26.1 | 48.6 | 58.1% |
| Hong Kong SAR | N/A | 0.1 | 17.4 | 28.4 | 1585.2% |
| Japan | 3.3 | 3.4 | 14.1 | 19.8 | 81.7% |
| Malaysia | 30.1 | 25.1 | 19.7 | 17.7 | -16.2% |
| South Korea | 13.9 | 15.8 | 21.2 | 12.7 | -3.0% |
| Others | 0.4 | 0.8 | 0.2 | 0.7 | 20.5% |
| Total | 282 | 302 | 425 | 507 | 21.6% |
Top Suppliers of Refined Copper Tube and Pipe to Thailand in 2022:
- China (36.3K tons)
- Vietnam (4.8K tons)
- Hong Kong SAR (2.7K tons)
- Malaysia (1.5K tons)
- Japan (1.5K tons)
- South Korea (1.2K tons)
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