World - Copper Tubes and Pipes - Market Analysis, Forecast, Size, Trends And Insights
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The article provides an in-depth analysis of the global copper tube and pipe market, forecasting a decrease in both volume and value terms over the next eight years. It highlights the trends in consumption, production, import, and export of copper tubes and pipes worldwide. Key points include the dominance of China in both consumption and production, the growth of India as an importing country, and the types of copper tubes and pipes dominating the market. The data presented covers the years from 2012 to 2022, showing trends in consumption, production, import, and export volumes, values, and prices.
Market Forecast
Depressed by shrinking demand for copper tube and pipe worldwide, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -1.8% for the period from 2022 to 2030, which is projected to depress the market volume to 3M tons by the end of 2030.
In value terms, the market is forecast to contract with an anticipated CAGR of +0.2% for the period from 2022 to 2030, which is projected to bring the market value to $29.9B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Copper Tubes And Pipes
Global copper tube and pipe consumption declined modestly to 3.5M tons in 2022, almost unchanged from the year before. Overall, consumption showed a relatively flat trend pattern. Global consumption peaked at 3.7M tons in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.
The global copper tube and pipe market revenue reduced modestly to $29.5B in 2022, approximately mirroring 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). In general, consumption saw a relatively flat trend pattern. Global consumption peaked at $31.8B in 2012; however, from 2013 to 2022, consumption failed to regain momentum.
Consumption By Country
China (844K tons) constituted the country with the largest volume of copper tube and pipe consumption, comprising approx. 24% of total volume. Moreover, copper tube and pipe consumption in China exceeded the figures recorded by the second-largest consumer, India (365K tons), twofold. The third position in this ranking was taken by the United States (306K tons), with an 8.7% share.
In China, copper tube and pipe consumption remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (+2.2% per year) and the United States (-0.5% per year).
In value terms, the largest copper tube and pipe markets worldwide were China ($6.3B), the United States ($3.2B) and India ($3.1B), together accounting for 43% of the global market. Japan, Brazil, Germany, Mexico, Bangladesh, Italy, Ethiopia, Vietnam, South Korea and Iran lagged somewhat behind, together comprising a further 28%.
Among the main consuming countries, Ethiopia, with a CAGR of +1.6%, saw the highest growth rate of market size 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 copper tube and pipe per capita consumption in 2022 were South Korea (1,470 kg per 1000 persons), Germany (1,266 kg per 1000 persons) and Japan (1,264 kg per 1000 persons).
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by India (with a CAGR of +1.1%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Copper Tubes And Pipes
In 2022, the amount of copper tubes and pipes produced worldwide shrank slightly to 3.5M tons, waning by -1.7% compared with the previous year's figure. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by 6.1% against the previous year. Global production peaked at 3.8M tons in 2018; however, from 2019 to 2022, production remained at a lower figure.
In value terms, copper tube and pipe production dropped to $28.4B in 2022 estimated in export price. In general, production saw a slight reduction. The pace of growth was the most pronounced in 2017 with an increase of 15% against the previous year. Over the period under review, global production hit record highs at $32.8B in 2012; however, from 2013 to 2022, production remained at a lower figure.
Production By Country
China (1.1M tons) constituted the country with the largest volume of copper tube and pipe production, accounting for 30% of total volume. Moreover, copper tube and pipe production in China exceeded the figures recorded by the second-largest producer, India (288K tons), fourfold. The third position in this ranking was taken by the United States (215K tons), with a 6.2% share.
In China, copper tube and pipe production remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (+0.4% per year) and the United States (-2.4% per year).
Imports
World Imports of Copper Tubes And Pipes
In 2022, approx. 968K tons of copper tubes and pipes were imported worldwide; growing by 9.3% on the year before. The total import volume increased at an average annual rate of +2.6% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 13% against the previous year. Global imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, copper tube and pipe imports reached $10.4B in 2022. Over the period under review, total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +3.9% 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 +68.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 48% against the previous year. Over the period under review, global imports reached the peak figure in 2022 and are likely to see steady growth in the near future.
Imports By Country
The countries with the highest levels of copper tube and pipe imports in 2022 were the United States (116K tons), India (85K tons), Turkey (68K tons), Thailand (51K tons), Italy (46K tons), Germany (39K tons), France (36K tons), the UK (34K tons), Malaysia (25K tons), South Korea (24K tons), Poland (22K tons) and Russia (21K tons), together amounting to 59% of total import. Taiwan (Chinese) (21K tons) followed a long way behind the leaders.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by India (with a CAGR of +16.4%), 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 ($1.4B), India ($886M) and Turkey ($713M), with a combined 29% share of global imports.
India, with a CAGR of +17.7%, 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.
Imports By Type
Tubes and pipes of refined copper dominates imports structure, reaching 778K tons, which was approx. 86% of total imports in 2022. It was distantly followed by tubes and pipes of copper-zinc base alloys (brass) (63K tons) and tubes and pipes of copper alloys other than copper-zinc, cupro-nickel or nickel-silver (45K tons), together committing a 12% share of total imports. Tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) (20K tons) took a relatively small share of total imports.
Tubes and pipes of refined copper was also the fastest-growing in terms of imports, with a CAGR of +3.5% from 2012 to 2022. tubes and pipes of copper-zinc base alloys (brass) (-2.5%), tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) (-2.8%) and tubes and pipes of copper alloys other than copper-zinc, cupro-nickel or nickel-silver (-5.9%) illustrated a downward trend over the same period. Tubes and pipes of refined copper (+12 p.p.) significantly strengthened its position in terms of the global imports, while tubes and pipes of copper-zinc base alloys (brass) and tubes and pipes of copper alloys other than copper-zinc, cupro-nickel or nickel-silver saw its share reduced by -4% and -6.2% from 2012 to 2022, respectively. The shares of the other products remained relatively stable throughout the analyzed period.
In value terms, tubes and pipes of refined copper ($8.4B) constitutes the largest type of copper tubes and pipes imported worldwide, comprising 85% of global imports. The second position in the ranking was held by tubes and pipes of copper-zinc base alloys (brass) ($623M), with a 6.3% share of global imports. It was followed by tubes and pipes of copper alloys other than copper-zinc, cupro-nickel or nickel-silver, with a 5.9% share.
For tubes and pipes of refined copper, imports expanded at an average annual rate of +4.9% over the period from 2012-2022. With regard to the other imported products, the following average annual rates of growth were recorded: tubes and pipes of copper-zinc base alloys (brass) (-1.1% per year) and tubes and pipes of copper alloys other than copper-zinc, cupro-nickel or nickel-silver (-2.9% per year).
Import Prices By Type
The average copper tube and pipe import price stood at $10,719 per ton in 2022, rising by 4.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 31%. Global import price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by the product type; the product with the highest price was tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) ($15,677 per ton), while the price for tubes and pipes of copper-zinc base alloys (brass) ($9,817 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by tubes and pipes of copper alloys other than copper-zinc, cupro-nickel or nickel-silver (+3.2%), while the other products experienced more modest paces of growth.
Import Prices By Country
In 2022, the average copper tube and pipe import price amounted to $10,719 per ton, rising by 4.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2021 when the average import price increased by 31%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($11,994 per ton), while Russia ($6,725 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+1.7%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Copper Tubes And Pipes
Global copper tube and pipe exports rose markedly to 947K tons in 2022, surging by 6.6% on 2021. The total export volume increased at an average annual rate of +2.5% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 13% against the previous year. The global exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, copper tube and pipe exports rose sharply to $10.4B in 2022. Overall, total exports indicated a temperate increase from 2012 to 2022: its value 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, exports increased by +65.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 50% against the previous year. The global exports peaked in 2022 and are likely to continue growth in the near future.
Exports By Country
In 2022, China (233K tons), distantly followed by Vietnam (103K tons), Germany (83K tons), Greece (73K tons), Italy (63K tons), Thailand (55K tons), South Korea (45K tons) and Malaysia (43K tons) represented the largest exporters of copper tubes and pipes, together creating 74% of total exports. The United States (26K tons), Austria (24K tons), Turkey (19K tons), Mexico (19K tons) and Uzbekistan (17K tons) held a relatively small share of total exports.
From 2012 to 2022, average annual rates of growth with regard to copper tube and pipe exports from China stood at +3.7%. At the same time, Uzbekistan (+105.7%), Vietnam (+26.4%), Turkey (+19.5%), Thailand (+7.1%), Greece (+3.9%), Italy (+3.4%) and Austria (+1.1%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in the world, with a CAGR of +105.7% from 2012-2022. The United States and Malaysia experienced a relatively flat trend pattern. By contrast, South Korea (-1.2%), Mexico (-1.6%) and Germany (-2.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Vietnam, China, Thailand, Uzbekistan and Turkey increased by +9.5, +2.8, +2.1, +1.8 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, China ($2.5B) remains the largest copper tube and pipe supplier worldwide, comprising 24% of global exports. The second position in the ranking was held by Vietnam ($1.1B), with an 11% share of global exports. It was followed by Germany, with a 9.4% share.
In China, copper tube and pipe exports expanded at an average annual rate of +5.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Vietnam (+28.5% per year) and Germany (-1.4% per year).
Exports By Type
Tubes and pipes of refined copper dominates exports structure, recording 787K tons, which was near 87% of total exports in 2022. It was distantly followed by tubes and pipes of copper-zinc base alloys (brass) (60K tons), generating a 6.7% share of total exports. The following types - tubes and pipes of copper alloys other than copper-zinc, cupro-nickel or nickel-silver (37K tons) and tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) (19K tons) - together made up 6.2% of total exports.
Tubes and pipes of refined copper was also the fastest-growing in terms of exports, with a CAGR of +3.0% from 2012 to 2022. tubes and pipes of copper-zinc base alloys (brass) (-2.3%), tubes and pipes of copper alloys other than copper-zinc, cupro-nickel or nickel-silver (-3.4%) and tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) (-4.2%) illustrated a downward trend over the same period. While the share of tubes and pipes of refined copper (+8.4 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) (-1.8 p.p.), tubes and pipes of copper alloys other than copper-zinc, cupro-nickel or nickel-silver (-2.9 p.p.) and tubes and pipes of copper-zinc base alloys (brass) (-3.6 p.p.) displayed negative dynamics.
In value terms, tubes and pipes of refined copper ($8.5B) remains the largest type of copper tubes and pipes supplied worldwide, comprising 85% of global exports. The second position in the ranking was taken by tubes and pipes of copper-zinc base alloys (brass) ($645M), with a 6.5% share of global exports. It was followed by tubes and pipes of copper alloys other than copper-zinc, cupro-nickel or nickel-silver, with a 5.1% share.
From 2012 to 2022, the average annual rate of growth in terms of the value of tubes and pipes of refined copper exports totaled +4.3%. With regard to the other exported products, the following average annual rates of growth were recorded: tubes and pipes of copper-zinc base alloys (brass) (-0.4% per year) and tubes and pipes of copper alloys other than copper-zinc, cupro-nickel or nickel-silver (-0.9% per year).
Export Prices By Type
In 2022, the average copper tube and pipe export price amounted to $10,969 per ton, surging by 3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2021 when the average export price increased by 34%. 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 exported products. In 2022, the product with the highest price was tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) ($16,241 per ton), while the average price for exports of tubes and pipes of copper-zinc base alloys (brass) ($10,696 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by tubes and pipes of copper alloys other than copper-zinc, cupro-nickel or nickel-silver (+2.6%), while the other products experienced more modest paces of growth.
Export Prices By Country
In 2022, the average copper tube and pipe export price amounted to $10,969 per ton, picking up by 3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2021 an increase of 34%. The global export price peaked in 2022 and is expected to retain growth in years to come.
Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in the United States ($12,939 per ton) and Italy ($12,210 per ton), while Uzbekistan ($9,234 per ton) and Greece ($9,885 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+2.6%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global market for copper tube and pipe. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24442630 - Copper tubes and pipes
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
This report provides an in-depth analysis of the global market for copper tube and pipe.
This report provides an in-depth analysis of the global market for copper pipe and fitting.
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