Price for Copper Alloy Tube or Pipe Fitting in Japan - 2023
Contents:
- Price for Copper Alloy Tube or Pipe Fitting in Japan (CIF) - 2023
- Price for Copper Alloy Tube or Pipe Fitting in Japan (FOB) - 2023
- Imports of Copper Alloy Tube or Pipe Fitting in Japan
- Exports of Copper Alloy Tube or Pipe Fitting in Japan
Price for Copper Alloy Tube or Pipe Fitting in Japan (CIF) - 2023
In November 2023, the average import price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys amounted to $22,974 per ton, growing by 6.2% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in December 2022 when the average import price increased by 13% against the previous month. Over the period under review, average import prices reached the peak figure at $24,310 per ton in April 2023; however, from May 2023 to November 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Singapore ($47,750 per ton), while the price for Vietnam ($15,417 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by China (+1.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Copper Alloy Tube or Pipe Fitting in Japan (FOB) - 2023
In November 2023, the average export price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys amounted to $29,994 per ton, increasing by 4.1% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in March 2023 when the average export price increased by 14% month-to-month. As a result, the export price reached the peak level of $35,309 per ton. From April 2023 to November 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($36,677 per ton), while the average price for exports to the Philippines ($17,292 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Copper Alloy Tube or Pipe Fitting in Japan
In 2022, the amount of tube or pipe fittings, couplings, elbows, sleeves of copper alloys imported into Japan expanded significantly to 8K tons, surging by 14% against 2021 figures. The total import volume increased at an average annual rate of +3.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 22%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys expanded notably to $183M in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +7.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.0% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 42%. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in the near future.
| Import of Copper Alloy Tube or Pipe Fitting in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 91.2 | 69.7 | 98.6 | 112 | 7.1% |
| Singapore | 15.4 | 15.5 | 26.5 | 22.2 | 13.0% |
| Vietnam | 11.2 | 9.1 | 11.1 | 18.3 | 17.8% |
| Taiwan (Chinese) | 10.6 | 8.4 | 10.3 | 10.5 | -0.3% |
| Thailand | 7.7 | 7.4 | 9.2 | 6.6 | -5.0% |
| Germany | 6.7 | 4.4 | 7.3 | 5.1 | -8.7% |
| Others | 6.4 | 6.1 | 7.7 | 8.9 | 11.6% |
| Total | 149 | 121 | 171 | 183 | 7.1% |
Top Suppliers of Copper Alloy Tube or Pipe Fitting to Japan in 2022:
- China (5.8K tons)
- Vietnam (0.8K tons)
- Taiwan (Chinese) (0.4K tons)
- Singapore (0.4K tons)
- Germany (0.2K tons)
- Thailand (0.2K tons)
Exports of Copper Alloy Tube or Pipe Fitting in Japan
In 2022, the amount of tube or pipe fittings, couplings, elbows, sleeves of copper alloys exported from Japan rose significantly to 2.4K tons, picking up by 10% against 2021 figures. In general, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +13.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.0% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 45%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys shrank modestly to $79M in 2022. The total export value increased at an average annual rate of +8.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 38%. As a result, the exports attained the peak of $83M, and then reduced in the following year.
| Export of Copper Alloy Tube or Pipe Fitting in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 25.9 | 25.1 | 33.8 | 34.8 | 10.3% |
| China | 12.3 | 12.8 | 19.0 | 20.0 | 17.6% |
| Singapore | 3.4 | 3.2 | 4.9 | 3.8 | 3.8% |
| Thailand | 1.8 | 1.9 | 3.0 | 3.3 | 22.4% |
| United States | 3.0 | 2.7 | 3.6 | 3.2 | 2.2% |
| Turkey | 1.5 | 1.6 | 1.6 | 1.5 | 0.0% |
| Vietnam | 1.0 | 1.0 | 1.4 | 1.4 | 11.9% |
| Philippines | 1.2 | 1.0 | 1.5 | 1.2 | 0.0% |
| Others | 11.1 | 10.7 | 13.7 | 9.8 | -4.1% |
| Total | 61.2 | 60.0 | 82.6 | 78.8 | 8.8% |
Top Export Markets for Copper Alloy Tube or Pipe Fitting from Japan in 2022:
- Germany (1002.0 tons)
- China (694.1 tons)
- Thailand (116.3 tons)
- Philippines (108.5 tons)
- Singapore (107.4 tons)
- Vietnam (55.6 tons)
- United States (54.3 tons)
- Turkey (43.3 tons)
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This report provides an in-depth analysis of the market for copper pipe and fitting in Japan.
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This report provides an in-depth analysis of the global market for copper pipe and fitting.
