Price for Refined Copper Tube and Pipe in Singapore - 2022
Contents:
- Price for Refined Copper Tube and Pipe in Singapore (CIF) - 2022
- Price for Refined Copper Tube and Pipe in Singapore (FOB) - 2022
- Imports of Refined Copper Tube and Pipe in Singapore
- Exports of Refined Copper Tube and Pipe in Singapore
Price for Refined Copper Tube and Pipe in Singapore (CIF) - 2022
In September 2022, the average import price for tubes and pipes of refined copper amounted to $12,453 per ton, shrinking by -7.7% against the previous month. Over the period from September 2021 to September 2022, it increased at an average monthly rate of +1.2%. The most prominent rate of growth was recorded in January 2022 when the average import price increased by 40% m-o-m. Over the period under review, average import prices attained the maximum at $15,292 per ton in May 2022; however, from June 2022 to September 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In September 2022, the countries with the highest prices were Malaysia ($13,959 per ton) and Australia ($12,834 per ton), while the price for China ($11,500 per ton) and Vietnam ($12,160 per ton) were amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Refined Copper Tube and Pipe in Singapore (FOB) - 2022
In 2022, the average export price for tubes and pipes of refined copper amounted to $13,616 per ton, growing by 34% against the previous year. In general, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, refined copper tube and pipe export price increased by +54.7% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Myanmar ($34,118 per ton), while the average price for exports to Maldives ($5,255 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 Myanmar (+25.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Refined Copper Tube and Pipe in Singapore
In 2022, the amount of tubes and pipes of refined copper imported into Singapore expanded notably to 1.4K tons, increasing by 6.7% against 2021 figures. In general, imports, however, saw a deep slump. The pace of growth was the most pronounced in 2021 when imports increased by 9%.
In value terms, refined copper tube and pipe imports expanded significantly to $14M in 2022. Overall, total imports indicated a mild increase from 2019 to 2022: its value increased at an average annual rate of +1.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 39% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.
| Import of Refined Copper Tube and Pipe in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.7 | 2.8 | 2.0 | 4.5 | -7.6% |
| Australia | 2.7 | 2.1 | 4.6 | 3.8 | 12.1% |
| Malaysia | 1.8 | 1.9 | 2.0 | 1.6 | -3.9% |
| Thailand | 1.2 | 1.0 | 1.7 | 1.6 | 10.1% |
| South Korea | 1.0 | 0.4 | 0.9 | 1.5 | 14.5% |
| Vietnam | 0.1 | N/A | 0.3 | 0.3 | 44.2% |
| Others | 0.8 | 0.3 | 0.4 | 0.4 | -20.6% |
| Total | 13.1 | 8.7 | 12.1 | 13.7 | 1.5% |
Top Suppliers of Refined Copper Tube and Pipe to Singapore in 2022:
- China (487.5 tons)
- Australia (374.6 tons)
- Malaysia (183.2 tons)
- Thailand (161.2 tons)
- South Korea (127.4 tons)
- Vietnam (33.3 tons)
Exports of Refined Copper Tube and Pipe in Singapore
In 2022, overseas shipments of tubes and pipes of refined copper decreased by -38.4% to 29 tons, falling for the second consecutive year after two years of growth. Overall, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 5.7%. As a result, the exports attained the peak of 50 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, refined copper tube and pipe exports contracted significantly to $395K in 2022. In general, exports saw a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 8.6%.
| Export of Refined Copper Tube and Pipe in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 159 | 126 | 182 | 200 | 7.9% |
| Indonesia | 149 | 48.9 | 42.7 | 68.9 | -22.7% |
| Sri Lanka | 28.1 | 16.9 | 24.5 | 54.0 | 24.3% |
| Seychelles | 45.7 | 4.9 | 9.8 | 18.6 | -25.9% |
| Maldives | 42.3 | 48.0 | 63.5 | 15.7 | -28.1% |
| South Korea | N/A | 9.7 | 14.0 | 12.5 | 13.5% |
| China | 0.3 | 1.9 | 3.9 | 6.5 | 178.8% |
| Bangladesh | 34.6 | 0.1 | 18.5 | 0.1 | -85.8% |
| Others | 76.2 | 185 | 120 | 18.8 | -37.3% |
| Total | 534 | 441 | 479 | 395 | -9.6% |
Top Export Markets for Refined Copper Tube and Pipe from Singapore in 2022:
- Bangladesh (undefined tons)
- Malaysia (14.3 tons)
- Indonesia (4.3 tons)
- Sri Lanka (3.8 tons)
- Maldives (3.0 tons)
- Seychelles (1.1 tons)
- South Korea (0.6 tons)
- China (0.4 tons)
588
This report provides an in-depth analysis of the market for copper tube and pipe in Singapore.
588
This report provides an in-depth analysis of the market for copper pipe and fitting in Singapore.
691
This report provides an in-depth analysis of the global market for copper tube and pipe.
628
This report provides an in-depth analysis of the global market for copper pipe and fitting.
588
This report provides an in-depth analysis of the market for copper tube and pipe in Singapore.
588
This report provides an in-depth analysis of the market for copper pipe and fitting in Singapore.
691
This report provides an in-depth analysis of the global market for copper tube and pipe.
628
This report provides an in-depth analysis of the global market for copper pipe and fitting.
46
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.
937
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...
947
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...
1034
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...
5146
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...
416
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.
46
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.
937
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...
947
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...
1034
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...
