Price for Copper Tube or Pipe Fitting in Japan - 2023
Contents:
- Price for Copper Tube or Pipe Fitting in Japan (CIF) - 2023
- Price for Copper Tube or Pipe Fitting in Japan (FOB) - 2023
- Imports of Copper Tube or Pipe Fitting in Japan
- Exports of Copper Tube or Pipe Fitting in Japan
Price for Copper Tube or Pipe Fitting in Japan (CIF) - 2023
In July 2023, the average import price for tube or pipe fittings, couplings, elbows, sleeves of refined copper amounted to $23,069 per ton, with an increase of 4.5% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 17% m-o-m. As a result, import price attained the peak level of $24,043 per ton. From March 2023 to July 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($113K per ton), while the price for China ($18,559 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Thailand (+0.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Copper Tube or Pipe Fitting in Japan (FOB) - 2023
In July 2023, the average export price for tube or pipe fittings, couplings, elbows, sleeves of refined copper amounted to $36,251 per ton, jumping by 17% against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The export price peaked at $40,236 per ton in October 2022; however, from November 2022 to July 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($46,831 per ton), while the average price for exports to China ($21,372 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+3.9%), while the prices for the other major destinations experienced a decline.
Imports of Copper Tube or Pipe Fitting in Japan
Copper tube or pipe fitting imports into Japan reduced modestly to 1.4K tons in 2022, leveling off at the previous year's figure. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 11% against the previous year. As a result, imports reached the peak of 1.4K tons, and then dropped in the following year.
In value terms, copper tube or pipe fitting imports shrank to $30M in 2022. The total import value increased at an average annual rate of +8.2% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 25% against the previous year. As a result, imports attained the peak of $30M, and then dropped slightly in the following year.
| Import of Copper Tube or Pipe Fitting in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 17.7 | 12.0 | 14.5 | 15.3 | -4.7% |
| Thailand | 2.1 | 8.5 | 10.7 | 10.4 | 70.5% |
| South Korea | 2.3 | 2.2 | 3.3 | 1.8 | -7.8% |
| United States | 0.9 | 1.1 | 1.5 | 1.5 | 18.6% |
| Others | 0.3 | 0.4 | 0.4 | 0.6 | 26.0% |
| Total | 23.3 | 24.3 | 30.3 | 29.6 | 8.3% |
Top Suppliers of Copper Tube or Pipe Fitting to Japan in 2022:
- China (790.6 tons)
- Thailand (467.1 tons)
- South Korea (81.5 tons)
- United States (28.2 tons)
Exports of Copper Tube or Pipe Fitting in Japan
In 2022, the amount of tube or pipe fittings, couplings, elbows, sleeves of refined copper exported from Japan expanded significantly to 148 tons, growing by 7.6% compared with the year before. The total export volume increased at an average annual rate of +9.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 22% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, copper tube or pipe fitting exports expanded rapidly to $5.4M in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +15.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.2% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 23%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Copper Tube or Pipe Fitting in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 1,191 | 1,849 | 2,503 | 2,555 | 29.0% |
| United States | 1,077 | 954 | 928 | 1,219 | 4.2% |
| China | 324 | 301 | 491 | 494 | 15.1% |
| Mexico | 125 | 99.4 | 112 | 179 | 12.7% |
| Slovakia | 52.1 | 85.7 | 76.6 | 150 | 42.3% |
| Hong Kong SAR | 14.9 | 74.4 | 109 | 108 | 93.5% |
| Malaysia | 75.2 | 154 | 63.9 | 99.3 | 9.7% |
| South Korea | 173 | 13.5 | 11.6 | 16.7 | -54.1% |
| Others | 516 | 642 | 820 | 612 | 5.9% |
| Total | 3,547 | 4,173 | 5,116 | 5,434 | 15.3% |
Top Export Markets for Copper Tube or Pipe Fitting from Japan in 2022:
- Thailand (71.4 tons)
- China (25.9 tons)
- United States (20.0 tons)
- Slovakia (9.8 tons)
- Mexico (3.9 tons)
- Malaysia (2.8 tons)
- Hong Kong SAR (2.6 tons)
- South Korea (0.3 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.
