Asia: Market for Copper Tubes And Pipes 2023

Market Size for Copper Tubes And Pipes in Asia

The Asian copper tube and pipe market contracted modestly to $X in 2022, remaining stable against the previous year. Over the period under review, consumption showed a mild reduction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Copper Tubes And Pipes in Asia

In value terms, copper tube and pipe production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production showed a mild contraction. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Copper Tubes And Pipes

Exports in Asia

Copper tube and pipe exports expanded markedly to X tons in 2022, increasing by X% against the year before. Total exports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2016 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, copper tube and pipe exports soared to $X in 2022. Overall, exports recorded strong growth. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

Exports by Country

In 2022, China (X tons) represented the main exporter of copper tubes and pipes, comprising X% of total exports. Vietnam (X tons) took an X% share (based on physical terms) of total exports, which put it in second place, followed by Thailand (X%), South Korea (X%) and Malaysia (X%). The following exporters - Turkey (X tons) and Uzbekistan (X tons) - each finished at a X% share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Uzbekistan (X%), Vietnam (X%), Turkey (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. Malaysia experienced a relatively flat trend pattern. By contrast, South Korea (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Vietnam, Uzbekistan, Turkey and Thailand increased by X, X, X and X percentage points, respectively.

In value terms, China ($X) remains the largest copper tube and pipe supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Vietnam ($X), with a X% share of total exports. It was followed by Thailand, with an X% share.

In China, copper tube and pipe exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and Thailand (X% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Thailand ($X per ton) and Turkey ($X per ton), while Uzbekistan ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

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

Imports of Copper Tubes And Pipes

Imports in Asia

In 2022, copper tube and pipe imports in Asia soared to X tons, picking up by X% compared with the previous year. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, copper tube and pipe imports soared to $X in 2022. Total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the near future.

Imports by Country

The purchases of the three major importers of copper tubes and pipes, namely India, Turkey and Thailand, represented more than half of total import. Malaysia (X tons) ranks next in terms of the total imports with a X% share, followed by South Korea (X%), Taiwan (Chinese) (X%) and China (X%). The following importers - the United Arab Emirates (X tons), Japan (X tons), Indonesia (X tons), Saudi Arabia (X tons), Israel (X tons) and Hong Kong SAR (X tons) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Turkey ($X) and Thailand ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

India, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in China ($X per ton) and Israel ($X per ton), while Saudi Arabia ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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