Overview of the Global Market for Copper Tubes And Pipes

Market Size for Copper Tubes And Pipes

The global copper tube and pipe market shrank slightly to $X in 2022, approximately reflecting the previous year. In general, consumption recorded a relatively flat trend pattern. Global consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Copper Tubes And Pipes

In value terms, copper tube and pipe production fell slightly to $X in 2022 estimated in export price. In general, production continues to indicate a slight curtailment. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, global production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Copper Tubes And Pipes

Exports

In 2022, the amount of copper tubes and pipes exported worldwide stood at X tons, with an increase of X% against 2021 figures. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the global exports reached the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, copper tube and pipe exports rose significantly to $X in 2022. Over the period under review, total exports indicated notable 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, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the global exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

In 2022, China (X tons), distantly followed by Vietnam (X tons), Germany (X tons), Greece (X tons), Italy (X tons), Thailand (X tons), South Korea (X tons) and Malaysia (X tons) represented the largest exporters of copper tubes and pipes, together committing X% of total exports. The following exporters - the United States (X tons), Austria (X tons), Turkey (X tons), Mexico (X tons) and Uzbekistan (X tons) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to copper tube and pipe exports from China stood at X%. At the same time, Uzbekistan (X%), Vietnam (X%), Turkey (X%), Thailand (X%), Greece (X%), Italy (X%) and Austria (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. The United States and Malaysia experienced a relatively flat trend pattern. By contrast, South Korea (X%), Mexico (X%) and Germany (X%) illustrated a downward trend over the same period. While the share of Vietnam (X p.p.), China (X p.p.), Thailand (X p.p.), Uzbekistan (X p.p.) and Turkey (X p.p.) increased significantly in terms of the global exports from 2012-2022, the share of South Korea (X p.p.) and Germany (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, copper tube and pipe exports expanded 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 Germany (X% per year).

Export Prices by Country

In 2022, the average copper tube and pipe export price amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in the United States ($X per ton) and Italy ($X per ton), while Uzbekistan ($X per ton) and Greece ($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 global leaders experienced more modest paces of growth.

Imports of Copper Tubes And Pipes

Imports

In 2022, global copper tube and pipe imports expanded sharply to X tons, with an increase of X% on the previous year's figure. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Global imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, copper tube and pipe imports expanded markedly to $X in 2022. In general, total imports indicated a noticeable expansion 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 most prominent rate of growth was recorded in 2021 with an increase of X%. Global imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

The countries with the highest levels of copper tube and pipe imports in 2022 were the United States (X tons), India (X tons), Turkey (X tons), Thailand (X tons), Italy (X tons), Germany (X tons), France (X tons), the UK (X tons), Malaysia (X tons), South Korea (X tons), Poland (X tons) and Russia (X tons), together reaching X% of total import. Taiwan (Chinese) (X tons) took a little share of total imports.

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

In value terms, the largest copper tube and pipe importing markets worldwide were the United States ($X), India ($X) and Turkey ($X), with a combined X% share of global imports.

India, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of 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

The average copper tube and pipe import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Global import price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :