Republic of Korea - Copper Tubes and Pipes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Copper Tube and Pipe in South Korea - 2022
Contents:
- Price for Copper Tube and Pipe in South Korea (FOB) - 2022
- Price for Copper Tube and Pipe in South Korea (CIF) - 2022
- Exports of Copper Tube and Pipe in South Korea
- Imports of Copper Tube and Pipe in South Korea
Price for Copper Tube and Pipe in South Korea (FOB) - 2022
In 2022, the average copper tube and pipe export price amounted to $10,667 per ton, rising by 1.9% against the previous year. In general, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.2% 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 +40.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 38%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the immediate term.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to China ($12,361 per ton) and Canada ($12,007 per ton), while the average price for exports to India ($9,851 per ton) and the UK ($10,039 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Copper Tube and Pipe in South Korea (CIF) - 2022
In December 2022, the average copper tube and pipe import price amounted to $10,323 per ton, which is down by -14.9% against the previous month. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 20% month-to-month. As a result, import price attained the peak level of $12,133 per ton, and then declined in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($38,106 per ton), while the price for Vietnam ($9,046 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 Germany (+4.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Copper Tube and Pipe in South Korea
In 2022, exports of copper tubes and pipes from South Korea dropped modestly to 45K tons, flattening at 2021. The total export volume increased at an average annual rate of +1.9% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 13% against the previous year. As a result, the exports reached the peak of 45K tons, and then shrank modestly in the following year.
In value terms, copper tube and pipe exports reached $476M in 2022. Overall, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +14.0% 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 +56.2% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 55% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.
Export of Copper Tube and Pipe in South Korea (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 87.0 | 96.1 | 224 | 222 | 36.7% |
Australia | 42.5 | 31.6 | 39.6 | 34.8 | -6.4% |
Saudi Arabia | 13.3 | 10.8 | 25.8 | 32.2 | 34.3% |
United Arab Emirates | 11.2 | 11.8 | 11.8 | 24.9 | 30.5% |
United Kingdom | 19.5 | 21.7 | 24.5 | 24.4 | 7.8% |
India | 13.5 | 11.6 | 12.9 | 21.6 | 17.0% |
Hong Kong SAR | 11.2 | 8.6 | 15.1 | 14.0 | 7.7% |
Thailand | 14.6 | 16.8 | 20.6 | 13.9 | -1.6% |
China | 23.6 | 13.0 | 14.8 | 11.2 | -22.0% |
Turkey | 1.1 | 9.8 | 9.4 | 8.2 | 95.3% |
Japan | 11.7 | 8.6 | 9.3 | 5.6 | -21.8% |
Brazil | 13.2 | 8.9 | 4.7 | 0.7 | -62.4% |
Others | 59.1 | 55.7 | 61.1 | 63.1 | 2.2% |
Total | 321 | 305 | 474 | 476 | 14.0% |
Top Export Markets for Copper Tube and Pipe from South Korea in 2022:
- Brazil (undefinedK tons)
- United States (21.0K tons)
- Australia (3.4K tons)
- Saudi Arabia (3.0K tons)
- United Kingdom (2.4K tons)
- United Arab Emirates (2.3K tons)
- India (2.2K tons)
- Thailand (1.3K tons)
- Hong Kong SAR (1.3K tons)
- China (0.9K tons)
- Turkey (0.8K tons)
- Japan (0.5K tons)
Imports of Copper Tube and Pipe in South Korea
For the fourth consecutive year, South Korea recorded growth in overseas purchases of copper tubes and pipes, which increased by 4% to 24K tons in 2022. The total import volume increased at an average annual rate of +13.7% 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 when imports increased by 19% 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.
In value terms, copper tube and pipe imports skyrocketed to $264M in 2022. In general, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 53%. Imports peaked in 2022 and are likely to see steady growth in years to come.
Import of Copper Tube and Pipe in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Vietnam | 32.4 | 58.9 | 116 | 140 | 62.9% |
China | 65.4 | 61.8 | 87.0 | 86.3 | 9.7% |
Thailand | 1.7 | 3.6 | 3.8 | 17.7 | 118.4% |
Malaysia | 10.0 | 9.0 | 6.0 | 5.7 | -17.1% |
Others | 27.6 | 16.3 | 14.8 | 15.0 | -18.4% |
Total | 137 | 149 | 228 | 264 | 24.4% |
Top Suppliers of Copper Tube and Pipe to South Korea in 2022:
- Vietnam (13.7K tons)
- China (7.9K tons)
- Thailand (1.6K tons)
- Malaysia (0.5K tons)
This report provides an in-depth analysis of the market for copper tube and pipe in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24442630 - Copper tubes and pipes
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the market for copper tube and pipe in Republic of Korea.
This report provides an in-depth analysis of the market for copper pipe and fitting in Republic of Korea.
This report provides an in-depth analysis of the global market for copper tube and pipe.
This report provides an in-depth analysis of the global market for copper pipe and fitting.
This report provides an in-depth analysis of the market for copper tube and pipe in Republic of Korea.
This report provides an in-depth analysis of the market for copper pipe and fitting in Republic of Korea.
This report provides an in-depth analysis of the global market for copper tube and pipe.
This report provides an in-depth analysis of the global market for copper pipe and fitting.
Explore the top import markets for copper tube and pipe in 2023, including countries such as India, the United States, and Turkey. Discover key statistics and trends in the global copper tube and pipe import market.
In value terms, copper tubes and pipes imports totaled $X in 2016. Overall, copper tubes and pipes imports continue to indicate a drastic curtailment. Global copper tubes and pipes import peaked of...
In value terms, copper tube and pipe fittings imports stood at $X in 2016. In general, copper tube and pipe fittings imports continue to indicate a relatively flat trend pattern. Over the period unde...
In value terms, copper tubes and pipes exports totaled $X in 2016. In general, copper tubes and pipes exports continue to indicate a abrupt deduction. Over the period under review, global copper tu...
In value terms, copper tube and pipe fittings exports stood at $X in 2016. In general, copper tube and pipe fittings exports continue to indicate a relatively flat trend pattern. Over the period un...
Explore the top import markets for copper pipe and fitting products, including key statistics and trends. Discover the leading countries in terms of import value for 2022.
Explore the top import markets for copper tube and pipe in 2023, including countries such as India, the United States, and Turkey. Discover key statistics and trends in the global copper tube and pipe import market.
In value terms, copper tubes and pipes imports totaled $X in 2016. Overall, copper tubes and pipes imports continue to indicate a drastic curtailment. Global copper tubes and pipes import peaked of...
In value terms, copper tube and pipe fittings imports stood at $X in 2016. In general, copper tube and pipe fittings imports continue to indicate a relatively flat trend pattern. Over the period unde...
In value terms, copper tubes and pipes exports totaled $X in 2016. In general, copper tubes and pipes exports continue to indicate a abrupt deduction. Over the period under review, global copper tu...