Price for Copper Alloy Tube or Pipe Fitting in South Korea - 2022
Contents:
- Price for Copper Alloy Tube or Pipe Fitting in South Korea (CIF) - 2022
- Price for Copper Alloy Tube or Pipe Fitting in South Korea (FOB) - 2022
- Imports of Copper Alloy Tube or Pipe Fitting in South Korea
- Exports of Copper Alloy Tube or Pipe Fitting in South Korea
Price for Copper Alloy Tube or Pipe Fitting in South Korea (CIF) - 2022
In December 2022, the average import price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys amounted to $12,324 per ton, with a decrease of -5.7% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in February 2022 an increase of 33% against the previous month. As a result, import price reached the peak level of $17,678 per ton. From March 2022 to December 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was France ($59,697 per ton), while the price for China ($10,829 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by France (+2.7%), while the prices for the other major suppliers experienced a decline.
Price for Copper Alloy Tube or Pipe Fitting in South Korea (FOB) - 2022
In 2022, the average export price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys amounted to $28,653 per ton, growing by 19% against the previous year. In general, the export price recorded buoyant growth. The pace of growth appeared the most rapid in 2021 an increase of 33%. The export price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($46,094 per ton), while the average price for exports to the Philippines ($9,995 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 India (+12.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Copper Alloy Tube or Pipe Fitting in South Korea
In 2022, imports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys into South Korea dropped modestly to 3.7K tons, with a decrease of -3.6% compared with 2021 figures. The total import volume increased at an average annual rate of +5.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2021 when imports increased by 25%. As a result, imports attained the peak of 3.8K tons, and then contracted in the following year.
In value terms, imports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys rose modestly to $53M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +13.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 39%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Copper Alloy Tube or Pipe Fitting in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 26.3 | 24.4 | 35.9 | 36.9 | 11.9% |
| Singapore | 2.1 | 4.1 | 4.6 | 4.7 | 30.8% |
| France | 0.3 | 0.3 | 0.3 | 2.5 | 102.7% |
| Japan | 2.5 | 2.7 | 3.0 | 2.2 | -4.2% |
| Others | 5.3 | 5.0 | 6.9 | 6.9 | 9.2% |
| Total | 36.5 | 36.5 | 50.7 | 53.2 | 13.4% |
Top Suppliers of Copper Alloy Tube or Pipe Fitting to South Korea in 2022:
- China (3294.0 tons)
- France (93.8 tons)
- Singapore (81.6 tons)
- Japan (65.7 tons)
Exports of Copper Alloy Tube or Pipe Fitting in South Korea
In 2022, exports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys from South Korea fell notably to 1.6K tons, waning by -29.9% compared with 2021. In general, exports saw a abrupt descent. The smallest decline of -3.5% was in 2021.
In value terms, exports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys fell remarkably to $46M in 2022. The total export value increased at an average annual rate of +3.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 28% against the previous year. As a result, the exports attained the peak of $55M, and then shrank significantly in the following year.
| Export of Copper Alloy Tube or Pipe Fitting in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 8.2 | 10.5 | 12.8 | 11.8 | 12.9% |
| China | 4.3 | 4.7 | 8.4 | 5.3 | 7.2% |
| Germany | 3.6 | 2.9 | 4.0 | 5.0 | 11.6% |
| Singapore | 0.9 | 2.2 | 2.0 | 2.4 | 38.7% |
| Netherlands | 1.6 | 2.0 | 2.5 | 2.3 | 12.9% |
| Vietnam | 2.1 | 1.4 | 1.7 | 2.1 | 0.0% |
| Thailand | 2.1 | 1.7 | 2.1 | 1.4 | -12.6% |
| Japan | 1.1 | 1.0 | 1.6 | 1.3 | 5.7% |
| Mexico | 0.9 | 0.8 | 1.7 | 1.3 | 13.0% |
| India | 1.0 | 1.8 | 1.2 | 1.2 | 6.3% |
| Indonesia | 0.8 | 0.9 | 1.6 | 1.1 | 11.2% |
| Philippines | 0.3 | N/A | 0.6 | 0.5 | 18.6% |
| Malaysia | 0.4 | 0.2 | 0.2 | 0.5 | 7.7% |
| Others | 14.2 | 12.8 | 14.6 | 9.9 | -11.3% |
| Total | 41.6 | 43.1 | 55.2 | 46.1 | 3.5% |
Top Export Markets for Copper Alloy Tube or Pipe Fitting from South Korea in 2022:
- United States (255.9 tons)
- China (152.8 tons)
- Germany (152.6 tons)
- Netherlands (122.2 tons)
- Singapore (116.9 tons)
- Vietnam (83.2 tons)
- Mexico (77.5 tons)
- Thailand (68.8 tons)
- Philippines (53.7 tons)
- Indonesia (47.9 tons)
- Malaysia (44.3 tons)
- Japan (42.6 tons)
- India (34.9 tons)
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This report provides an in-depth analysis of the market for copper pipe and fitting in Republic of Korea.
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This report provides an in-depth analysis of the global market for copper pipe and fitting.
