Chile: Market for Copper Tubes And Pipes 2024

Market Size for Copper Tubes And Pipes in Chile

The Chilean copper tube and pipe market shrank slightly to $X in 2022, approximately reflecting the previous year. Over the period under review, consumption, however, showed a perceptible decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Copper Tubes And Pipes in Chile

In value terms, copper tube and pipe production totaled $X in 2022 estimated in export price. Over the period under review, production, however, saw a abrupt setback. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Copper tube and pipe production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Copper Tubes And Pipes

Exports from Chile

In 2022, approx. X tons of copper tubes and pipes were exported from Chile; reducing by X% compared with the previous year. Overall, exports saw a precipitous setback. The pace of growth appeared the most rapid in 2015 with an increase of X%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, copper tube and pipe exports reduced notably to $X in 2022. Over the period under review, exports faced a dramatic decline. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

South Korea (X tons) was the main destination for copper tube and pipe exports from Chile, accounting for a X% share of total exports. Moreover, copper tube and pipe exports to South Korea exceeded the volume sent to the second major destination, Panama (X tons), threefold. China (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to South Korea stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (X% per year) and China (X% per year).

In value terms, the largest markets for copper tube and pipe exported from Chile were Panama ($X), South Korea ($X) and Argentina ($X), together comprising X% of total exports.

Among the main countries of destination, South Korea, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average copper tube and pipe export price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price continues to indicate buoyant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Panama (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Tubes And Pipes

Imports into Chile

In 2022, overseas purchases of copper tubes and pipes decreased by X% to X tons, falling for the second year in a row after three years of growth. Overall, imports, however, posted prominent growth. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, copper tube and pipe imports fell modestly to $X in 2022. In general, imports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then reduced slightly in the following year.

Imports by Country

In 2022, Mexico (X tons) constituted the largest supplier of copper tube and pipe to Chile, accounting for a X% share of total imports. Moreover, copper tube and pipe imports from Mexico exceeded the figures recorded by the second-largest supplier, China (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume from Mexico amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Brazil (X% per year).

In value terms, Mexico ($X) constituted the largest supplier of copper tubes and pipes to Chile, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Mexico amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Brazil (X% per year).

Import Prices by Country

The average copper tube and pipe import price stood at $X per ton in 2022, increasing by X% against the previous year. In general, import price indicated mild growth from 2012 to 2022: its price 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, copper tube and pipe import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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