Threaded Copper Articles Market

The global market for threaded copper articles is projected to experience a slight growth in volume and value from 2022 to 2030. Consumption, production, imports, and exports of threaded copper articles are analyzed for various countries, with detailed statistics and trends provided. Key findings include the growth in demand for threaded copper articles in China, the United States, and India, as well as fluctuations in import and export prices. The article provides a comprehensive overview of the threaded copper articles market, highlighting key players and growth opportunities in the industry.

Market Forecast

Driven by rising demand for threaded copper articles worldwide, the market is expected to start an upward consumption trend over the next eight years. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +0.4% for the period from 2022 to 2030, which is projected to bring the market volume to 148K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +2.6% for the period from 2022 to 2030, which is projected to bring the market value to $2.6B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Threaded Articles Of Copper

In 2022, consumption of threaded articles of copper increased by 1.6% to 143K tons, rising for the third year in a row after seven years of decline. Over the period under review, consumption, however, recorded a perceptible descent. The most prominent rate of growth was recorded in 2021 with an increase of 4.6%. Over the period under review, global consumption attained the maximum volume at 206K tons in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

The global threaded copper articles market revenue reached $2.1B in 2022, increasing by 3.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw a perceptible slump. The most prominent rate of growth was recorded in 2016 when the market value increased by 4.3% against the previous year. Over the period under review, the global market reached the maximum level at $3.5B in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Consumption By Country

China (37K tons) constituted the country with the largest volume of threaded copper articles consumption, accounting for 26% of total volume. Moreover, threaded copper articles consumption in China exceeded the figures recorded by the second-largest consumer, the United States (17K tons), twofold. India (16K tons) ranked third in terms of total consumption with an 11% share.

In China, threaded copper articles consumption plunged by an average annual rate of -1.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (-2.2% per year) and India (-1.5% per year).

In value terms, China ($493M), the United States ($276M) and Japan ($196M) constituted the countries with the highest levels of market value in 2022, with a combined 45% share of the global market. India, Mexico, the UK, Germany, Turkey, Pakistan, Italy, Thailand, Iran and Saudi Arabia lagged somewhat behind, together accounting for a further 29%.

Saudi Arabia, with a CAGR of +3.2%, saw the highest growth rate of market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of threaded copper articles per capita consumption in 2022 were Saudi Arabia (142 kg per 1000 persons), Italy (103 kg per 1000 persons) and the United States (51 kg per 1000 persons).

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +11.2%), while consumption for the other global leaders experienced mixed trends in the per capita consumption figures.

Production

World Production of Threaded Articles Of Copper

In 2022, approx. 133K tons of threaded articles of copper were produced worldwide; picking up by 3.1% compared with 2021 figures. In general, production, however, recorded a noticeable downturn. Global production peaked at 197K tons in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

In value terms, threaded copper articles production amounted to $2B in 2022 estimated in export price. Over the period under review, production, however, recorded a pronounced slump. The growth pace was the most rapid in 2016 when the production volume increased by 9.8% against the previous year. Global production peaked at $3.1B in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Production By Country

China (37K tons) remains the largest threaded copper articles producing country worldwide, accounting for 28% of total volume. Moreover, threaded copper articles production in China exceeded the figures recorded by the second-largest producer, India (16K tons), twofold. The United States (15K tons) ranked third in terms of total production with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China totaled -1.4%. The remaining producing countries recorded the following average annual rates of production growth: India (-1.1% per year) and the United States (-3.3% per year).

Imports

World Imports of Threaded Articles Of Copper

In 2022, global imports of threaded articles of copper contracted slightly to 27K tons, waning by -2.7% against 2021 figures. Overall, total imports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.1% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 64%. As a result, imports reached the peak of 28K tons, and then dropped slightly in the following year.

In value terms, threaded copper articles imports totaled $407M in 2022. In general, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 36% against the previous year. Over the period under review, global imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Imports By Country

In 2022, Saudi Arabia (5.1K tons), distantly followed by the United States (2.7K tons), Indonesia (1.7K tons) and Germany (1.2K tons) were the key importers of threaded articles of copper, together achieving 40% of total imports. Spain (1,158 tons), Poland (1,037 tons), the Czech Republic (993 tons), the UK (923 tons), Malaysia (871 tons), Mexico (780 tons), Thailand (772 tons), Italy (691 tons) and Canada (648 tons) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Indonesia (with a CAGR of +24.5%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($52M), Germany ($45M) and the Czech Republic ($26M) were the countries with the highest levels of imports in 2022, together accounting for 30% of global imports. Poland, Mexico, Italy, the UK, Malaysia, Thailand, Saudi Arabia, Indonesia, Spain and Canada lagged somewhat behind, together accounting for a further 31%.

Indonesia, with a CAGR of +13.5%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average threaded copper articles import price amounted to $15,052 per ton, growing by 14% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. Global import price peaked at $15,929 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Germany ($35,830 per ton), while Saudi Arabia ($1,843 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+12.8%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Threaded Articles Of Copper

In 2022, shipments abroad of threaded articles of copper increased by 5.5% to 17K tons, rising for the second year in a row after two years of decline. In general, total exports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +45.4% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 38%. Over the period under review, the global exports reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, threaded copper articles exports stood at $383M in 2022. Over the period under review, total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 48% against the previous year. Over the period under review, the global exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports By Country

Azerbaijan (3K tons), Taiwan (Chinese) (2.2K tons), Italy (2.1K tons) and Germany (1.8K tons) represented roughly 54% of total exports in 2022. China (1.2K tons) ranks next in terms of the total exports with a 6.9% share, followed by the United States (6.4%) and India (5.6%). France (746 tons), the UK (506 tons) and Switzerland (298 tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Azerbaijan (with a CAGR of +344.8%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($80M), Italy ($43M) and Taiwan (Chinese) ($39M) appeared to be the countries with the highest levels of exports in 2022, with a combined 42% share of global exports. Switzerland, France, the United States, Azerbaijan, the UK, China and India lagged somewhat behind, together comprising a further 38%.

Azerbaijan, with a CAGR of +401.8%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average threaded copper articles export price amounted to $22,560 per ton, stabilizing at the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average export price increased by 15%. The global export price peaked in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($97,933 per ton), while Azerbaijan ($6,670 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Azerbaijan (+12.8%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform