Price for Copper Tube or Pipe Fitting in Thailand - 2023
Contents:
- Price for Copper Tube or Pipe Fitting in Thailand (CIF) - 2023
- Price for Copper Tube or Pipe Fitting in Thailand (FOB) - 2023
- Imports of Copper Tube or Pipe Fitting in Thailand
- Exports of Copper Tube or Pipe Fitting in Thailand
Price for Copper Tube or Pipe Fitting in Thailand (CIF) - 2023
In July 2023, the average import price for tube or pipe fittings, couplings, elbows, sleeves of refined copper amounted to $5,223 per ton, waning by -1.6% against the previous month. In general, the import price recorded a abrupt shrinkage. The pace of growth was the most pronounced in November 2022 an increase of 99% month-to-month. As a result, import price attained the peak level of $19,558 per ton. From December 2022 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 Vietnam ($41,088 per ton), while the price for China ($3,417 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 Vietnam (+7.3%), while the prices for the other major suppliers experienced a decline.
Price for Copper Tube or Pipe Fitting in Thailand (FOB) - 2023
In July 2023, the average export price for tube or pipe fittings, couplings, elbows, sleeves of refined copper amounted to $16,358 per ton, waning by -1.9% against the previous month. Over the period under review, the export price showed a mild descent. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 24% m-o-m. As a result, the export price reached the peak level of $20,319 per ton. From April 2023 to July 2023, the the average export prices remained at a lower figure.
Average prices varied somewhat for the major foreign markets. In July 2023, the countries with the highest prices were the United States ($22,733 per ton) and Lao People's Democratic Republic ($20,287 per ton), while the average price for exports to Canada ($15,489 per ton) and India ($15,534 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Lao People's Democratic Republic (+24.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Copper Tube or Pipe Fitting in Thailand
In 2022, overseas purchases of tube or pipe fittings, couplings, elbows, sleeves of refined copper decreased by -20.5% to 1.3K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 73%.
In value terms, copper tube or pipe fitting imports shrank markedly to $12M in 2022. In general, imports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by 60% against the previous year. As a result, imports reached the peak of $15M, and then reduced remarkably in the following year.
| Import of Copper Tube or Pipe Fitting in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.6 | 5.6 | 10.7 | 8.2 | 31.6% |
| Vietnam | 1.9 | 2.1 | 2.0 | 2.1 | 3.4% |
| South Korea | 0.8 | 0.6 | 1.0 | 0.9 | 4.0% |
| United States | 0.6 | 0.4 | 0.4 | 0.3 | -20.6% |
| Others | 0.4 | 0.4 | 0.4 | 0.2 | -20.6% |
| Total | 7.3 | 9.1 | 14.5 | 11.8 | 17.4% |
Top Suppliers of Copper Tube or Pipe Fitting to Thailand in 2022:
- China (1134.3 tons)
- Vietnam (77.7 tons)
- South Korea (56.8 tons)
- United States (12.1 tons)
Exports of Copper Tube or Pipe Fitting in Thailand
In 2022, approx. 589 tons of tube or pipe fittings, couplings, elbows, sleeves of refined copper were exported from Thailand; increasing by 1.5% on the previous year. In general, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +15.4% 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 decreased by -1.6% against 2020 indices. The growth pace was the most rapid in 2020 when exports increased by 56% against the previous year. As a result, the exports reached the peak of 598 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, copper tube or pipe fitting exports declined to $8.1M in 2022. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +17.9% 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 +64.0% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 51%.
| Export of Copper Tube or Pipe Fitting in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 3.1 | 5.3 | 7.1 | 6.5 | 28.0% |
| Vietnam | 1.2 | 1.3 | 0.9 | 0.7 | -16.4% |
| South Korea | N/A | N/A | N/A | 0.2 | 0% |
| Malaysia | N/A | N/A | 0.2 | 0.1 | -50.0% |
| Austria | N/A | N/A | N/A | 0.1 | 0% |
| Others | 0.6 | 0.7 | 0.5 | 0.5 | -5.9% |
| Total | 4.9 | 7.4 | 8.7 | 8.1 | 18.2% |
Top Export Markets for Copper Tube or Pipe Fitting from Thailand in 2022:
- Canada (477.0 tons)
- Vietnam (44.0 tons)
- Austria (15.0 tons)
- South Korea (12.9 tons)
- Malaysia (9.8 tons)
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This report provides an in-depth analysis of the market for copper pipe and fitting in Thailand.
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This report provides an in-depth analysis of the global market for copper pipe and fitting.
