Puerto Rico: Market for Copper Tubes, Pipes And Fitting 2024

Market Size for Copper Tubes, Pipes And Fitting in Puerto Rico

In 2021, the Puerto Rican copper pipe and fitting market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, showed a deep setback. Puerto Rico consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Copper Tubes, Pipes And Fitting in Puerto Rico

In value terms, copper pipe and fitting production expanded slightly to $X in 2021 estimated in export price. Overall, production, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2017 when the production volume increased by 20% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Copper Tubes, Pipes And Fitting

Exports from Puerto Rico

Copper pipe and fitting exports from Puerto Rico was estimated at less than X kg in 2021, leveling off at the year before. Over the period under review, exports continue to indicate a relatively flat trend pattern.

In value terms, copper pipe and fitting exports stood at less than $X in 2021. Overall, exports showed a relatively flat trend pattern.

Exports by Country

China was the main exporter of copper tubes, pipes and fitting in the world, with the volume of exports reaching X tons, which was approx. 28% of total exports in 2021. It was distantly followed by Germany (X tons), Italy (X tons), Vietnam (X tons), Greece (X tons) and Thailand (X tons), together making up a 35% share of total exports. South Korea (X tons), Malaysia (X tons), Turkey (X tons), the United States (X tons), Austria (X tons), Poland (X tons) and Mexico (X tons) held a relatively small share of total exports.

Exports from China increased at an average annual rate of +4.2% from 2012 to 2021. At the same time, Vietnam (+25.7%), Turkey (+17.5%), Thailand (+7.9%), Poland (+5.8%), Greece (+4.4%), Italy (+3.9%) and Austria (+2.4%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of +25.7% from 2012-2021. Malaysia and the United States experienced a relatively flat trend pattern. By contrast, South Korea (-1.9%), Germany (-2.1%) and Mexico (-3.6%) illustrated a downward trend over the same period. Vietnam (+5.2 p.p.), China (+3.4 p.p.), Turkey (+2.5 p.p.) and Thailand (+1.7 p.p.) significantly strengthened its position in terms of the global exports, while South Korea and Germany saw its share reduced by -2% and -4.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest copper pipe and fitting supplying countries from Puerto Rico were China ($X), Germany ($X) and Italy ($X), with a combined 47% share of total exports. These countries were followed by Vietnam, Greece, Thailand, South Korea, the United States, Turkey, Poland, Malaysia, Austria and Mexico, which together accounted for a further 34%.

Among the main exporting countries, Vietnam, with a CAGR of +26.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Puerto Rico stood at less than $X per ton in 2021, stabilizing at the previous year. In general, the export price recorded a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Poland ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+2.9%), while the other leaders experienced more modest paces of growth.

Imports of Copper Tubes, Pipes And Fitting

Imports into Puerto Rico

In 2021, imports of copper tubes, pipes and fitting into Puerto Rico amounted to less than X kg, remaining relatively unchanged against the year before. Overall, imports recorded a relatively flat trend pattern.

In value terms, copper pipe and fitting imports totaled less than $X in 2021. In general, imports showed a relatively flat trend pattern.

Imports by Country

In 2021, the United States (X tons), followed by Germany (X tons), India (X tons) and France (X tons) were the major importers of copper tubes, pipes and fitting, together constituting 26% of total imports. Italy (X tons), the UK (X tons), Thailand (X tons), Turkey (X tons), Poland (X tons), Mexico (X tons), Belgium (X tons), Spain (X tons) and the Czech Republic (X tons) took a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +13.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and France ($X) were the countries with the highest levels of imports in 2021, with a combined 24% share of total imports. These countries were followed by the UK, Italy, India, Poland, Thailand, Turkey, Mexico, the Czech Republic, Spain and Belgium, which together accounted for a further 31%.

India, with a CAGR of +14.1%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 2021, the import price in Puerto Rico amounted to less than $X per ton, leveling off at the previous year. In general, the import price saw a relatively flat trend pattern.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+2.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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