Canada: Market for Copper Tubes And Pipes 2024

Market Size for Copper Tubes And Pipes in Canada

In 2022, the Canadian copper tube and pipe market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, saw a perceptible decline. Copper tube and pipe consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Copper Tubes And Pipes in Canada

In value terms, copper tube and pipe production declined slightly to $X in 2022 estimated in export price. Overall, production saw a perceptible slump. The pace of growth appeared the most rapid in 2017 with an increase of X%. Copper tube and pipe production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Exports of Copper Tubes And Pipes

Exports from Canada

In 2022, approx. X tons of copper tubes and pipes were exported from Canada; reducing by X% compared with the previous year's figure. Over the period under review, exports showed a pronounced curtailment. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, copper tube and pipe exports reduced to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then fell in the following year.

Exports by Country

The United States (X tons) was the main destination for copper tube and pipe exports from Canada, accounting for a X% share of total exports. Moreover, copper tube and pipe exports to the United States exceeded the volume sent to the second major destination, the UK (X tons), more than tenfold. Australia (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 the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Australia (X% per year).

In value terms, the United States ($X) remains the key foreign market for copper tubes and pipes exports from Canada, comprising X% of total exports. The second position in the ranking was taken by the UK ($X), with a X% share of total exports. It was followed by Australia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Australia (X% per year).

Export Prices by Country

In 2022, the average copper tube and pipe export price amounted to $X per ton, almost unchanged from the previous year. Overall, export price indicated notable 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 export price increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton, leveling off in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to China ($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 the United States (X%), while the prices for the other major destinations experienced a decline.

Imports of Copper Tubes And Pipes

Imports into Canada

In 2022, purchases abroad of copper tubes and pipes increased by X% to X tons, rising for the second year in a row after two years of decline. In general, imports, however, showed a noticeable reduction. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, copper tube and pipe imports soared to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The United States (X tons), Vietnam (X tons) and Mexico (X tons) were the main suppliers of copper tube and pipe imports to Canada, together comprising X% of total imports.

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

In value terms, the largest copper tube and pipe suppliers to Canada were the United States ($X), Vietnam ($X) and Mexico ($X), together accounting for X% of total imports.

Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other 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, with an increase of X% against the previous year. Over the period under review, import price indicated notable 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 2019 indices. The pace of growth appeared the most rapid in 2015 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Bahrain ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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