Pakistan: Market for Copper Tubes, Pipes And Fitting 2024

Market Size for Copper Tubes, Pipes And Fitting in Pakistan

In 2023, the Pakistani copper pipe and fitting market decreased by X% to $X, falling for the second year in a row after two years of growth. In general, consumption, however, posted a perceptible increase. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Exports of Copper Tubes, Pipes And Fitting

Exports from Pakistan

In 2023, after two years of growth, there was significant decline in shipments abroad of copper tubes, pipes and fitting, when their volume decreased by X% to X tons. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

In value terms, copper pipe and fitting exports fell sharply to $X in 2023. Overall, exports showed a perceptible descent. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X tons), the United Arab Emirates (X tons) and Romania (X tons) were the main destinations of copper pipe and fitting exports from Pakistan, with a combined X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Romania (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for copper pipe and fitting exported from Pakistan were Romania ($X), Malaysia ($X) and the UK ($X), with a combined X% share of total exports.

Romania, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average copper pipe and fitting export price amounted to $X per ton, picking up by X% against the previous year. In general, the export price, however, continues to indicate a pronounced decline. The pace of growth appeared the most rapid in 2015 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2023, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Tubes, Pipes And Fitting

Imports into Pakistan

In 2023, purchases abroad of copper tubes, pipes and fitting decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, showed a noticeable increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, copper pipe and fitting imports contracted markedly to $X in 2023. In general, imports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports failed to regain momentum.

Imports by Country

In 2023, China (X tons) constituted the largest copper pipe and fitting supplier to Pakistan, with a X% share of total imports. Moreover, copper pipe and fitting imports from China exceeded the figures recorded by the second-largest supplier, the UK (X tons), eightfold. The third position in this ranking was taken by South Korea (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and South Korea (X% per year).

In value terms, China ($X) constituted the largest supplier of copper tubes, pipes and fitting to Pakistan, comprising X% of total imports. The second position in the ranking was held by the UK ($X), with an X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2023, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2023, the average copper pipe and fitting import price amounted to $X per ton, with an increase of X% against the previous year. Overall, import price indicated measured growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, copper pipe and fitting import price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2023 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the countries with the highest prices were the UK ($X per ton) and the United States ($X per ton), while the price for Italy ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Iran (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform