Benelux: Market for Copper Tubes, Pipes And Fitting 2024

Market Size for Copper Tubes, Pipes And Fitting in Benelux

In 2023, the Benelux copper pipe and fitting market decreased by X% to $X for the first time since 2016, thus ending a six-year rising trend. Overall, consumption, however, continues to indicate a perceptible expansion. As a result, consumption reached the peak level of $X, and then fell in the following year.

Production of Copper Tubes, Pipes And Fitting in Benelux

In value terms, copper pipe and fitting production fell notably to $X in 2023 estimated in export price. In general, production, however, continues to indicate mild growth. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2023, production remained at a lower figure.

Exports of Copper Tubes, Pipes And Fitting

Exports in Benelux

After five years of growth, shipments abroad of copper tubes, pipes and fitting decreased by X% to X tons in 2023. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2022, and then dropped in the following year.

In value terms, copper pipe and fitting exports amounted to $X in 2023. Overall, exports, however, saw notable growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure in 2023 and are expected to retain growth in years to come.

Exports by Country

The shipments of the two major exporters of copper tubes, pipes and fitting, namely the Netherlands and Belgium, represented more than two-thirds of total export.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Belgium (with a CAGR of X%).

In value terms, the Netherlands ($X) and Belgium ($X) appeared to be the countries with the highest levels of exports in 2023.

The Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2023, surging by X% against the previous year. Export price indicated a tangible expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, copper pipe and fitting export price increased by X% against 2018 indices. The pace of growth was the most pronounced in 2021 an increase of X%. The level of export peaked in 2023 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%).

Imports of Copper Tubes, Pipes And Fitting

Imports in Benelux

After two years of growth, overseas purchases of copper tubes, pipes and fitting decreased by X% to X tons in 2023. Over the period under review, imports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2022 when imports increased by X%. As a result, imports attained the peak of X tons, and then shrank in the following year.

In value terms, copper pipe and fitting imports expanded slightly to $X in 2023. Total imports indicated a moderate increase from 2012 to 2023: its value 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, imports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked in 2023 and is likely to see steady growth in the near future.

Imports by Country

The Netherlands was the major importer of copper tubes, pipes and fitting in Benelux, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2023. It was distantly followed by Belgium (X tons), committing a X% share of total imports. Luxembourg (X tons) followed a long way behind the leaders.

The Netherlands was also the fastest-growing in terms of the copper tubes, pipes and fitting imports, with a CAGR of X% from 2012 to 2023. Belgium experienced a relatively flat trend pattern. Luxembourg (X%) illustrated a downward trend over the same period. The Netherlands (X p.p.) significantly strengthened its position in terms of the total imports, while Luxembourg and Belgium saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, the Netherlands ($X), Belgium ($X) and Luxembourg ($X) appeared to be the countries with the highest levels of imports in 2023.

The Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to 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 2023, the import price in Benelux amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price, however, continues to indicate a mild contraction. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Belgium ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Luxembourg (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform