Price for Copper Alloy Tube or Pipe Fitting in the Philippines - 2023
Contents:
- Price for Copper Alloy Tube or Pipe Fitting in the Philippines (CIF) - 2023
- Price for Copper Alloy Tube or Pipe Fitting in the Philippines (FOB) - 2022
- Imports of Copper Alloy Tube or Pipe Fitting in the Philippines
- Exports of Copper Alloy Tube or Pipe Fitting in the Philippines
Price for Copper Alloy Tube or Pipe Fitting in the Philippines (CIF) - 2023
The average import price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys stood at $27,112 per ton in December 2023, waning by -4.8% against the previous month. In general, import price indicated a notable increase from December 2022 to December 2023: its price increased at an average monthly rate of +2.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, import price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys increased by +17.5% against October 2023 indices. The pace of growth was the most pronounced in February 2023 an increase of 86% m-o-m. The import price peaked at $29,901 per ton in July 2023; however, from August 2023 to December 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was the United States ($109K per ton), while the price for China ($14,552 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by China (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Copper Alloy Tube or Pipe Fitting in the Philippines (FOB) - 2022
The average export price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys stood at $7,192 per ton in 2022, surging by 52% against the previous year. In general, the export price, however, saw a slight reduction. The pace of growth appeared the most rapid in 2015 when the average export price increased by 58%. The export price peaked at $8,363 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($27,755 per ton), while the average price for exports to Japan ($2,081 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 Singapore (+47.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Copper Alloy Tube or Pipe Fitting in the Philippines
In 2022, imports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys into the Philippines declined remarkably to 481 tons, which is down by -20.4% on the year before. Overall, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by 14%. As a result, imports reached the peak of 605 tons, and then dropped significantly in the following year.
In value terms, imports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys contracted significantly to $10M in 2022. Over the period under review, imports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2021 with an increase of 79% against the previous year. As a result, imports attained the peak of $14M, and then dropped sharply in the following year.
| Import of Copper Alloy Tube or Pipe Fitting in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | N/A | 0.8 | 7.3 | 5.7 | 166.9% |
| China | 0.9 | 0.9 | 1.9 | 1.2 | 10.1% |
| United States | 0.5 | 0.4 | 0.7 | 0.7 | 11.9% |
| South Korea | 0.3 | N/A | 0.6 | 0.6 | 26.0% |
| Japan | 3.2 | 4.8 | 1.9 | 0.3 | -54.6% |
| Taiwan (Chinese) | N/A | N/A | 0.1 | 0.2 | 100.0% |
| Malaysia | N/A | N/A | N/A | 0.1 | 0% |
| Germany | 0.3 | 0.2 | 0.3 | 0.1 | -30.7% |
| Others | 0.6 | 0.4 | 0.7 | 1.2 | 26.0% |
| Total | 5.8 | 7.6 | 13.6 | 10.1 | 20.3% |
Top Suppliers of Copper Alloy Tube or Pipe Fitting to the Philippines in 2022:
- Thailand (194.3 tons)
- China (134.7 tons)
- South Korea (69.6 tons)
- Japan (16.0 tons)
- Malaysia (12.5 tons)
- Taiwan (Chinese) (12.4 tons)
- United States (8.8 tons)
- Germany (3.1 tons)
Exports of Copper Alloy Tube or Pipe Fitting in the Philippines
In 2022, exports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys from the Philippines declined sharply to 21 tons, falling by -21% on the previous year's figure. Over the period under review, exports faced a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by 112% against the previous year.
In value terms, exports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys skyrocketed to $153K in 2022. In general, exports, however, showed a prominent increase. The pace of growth was the most pronounced in 2021 with an increase of 132% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Copper Alloy Tube or Pipe Fitting in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.4 | 25.8 | 77.0 | 96.3 | 522.1% |
| Japan | 84.0 | 24.0 | 45.0 | 34.2 | -25.9% |
| Netherlands | N/A | 2.4 | 3.8 | 10.4 | 108.2% |
| Singapore | N/A | N/A | N/A | 7.1 | 0% |
| Others | 7.4 | 2.8 | 1.9 | 5.5 | -9.4% |
| Total | 91.9 | 55.0 | 128 | 153 | 18.5% |
Top Export Markets for Copper Alloy Tube or Pipe Fitting from the Philippines in 2022:
- Japan (16.4 tons)
- United States (3.5 tons)
- Netherlands (0.7 tons)
- Singapore (0.5 tons)
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This report provides an in-depth analysis of the market for copper pipe and fitting in the Philippines.
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This report provides an in-depth analysis of the global market for copper pipe and fitting.
