Price for Copper Alloy Tube or Pipe Fitting in Thailand - 2024

Price for Copper Alloy Tube or Pipe Fitting in Thailand (FOB) - 2022

In 2022, the average export price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys amounted to $16,741 per ton, with an increase of 5.7% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The pace of growth appeared the most rapid in 2019 when the average export price increased by 21% against the previous year. As a result, the export price reached the peak level of $17,358 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($25,982 per ton), while the average price for exports to the UK ($14,282 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 Japan (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Copper Alloy Tube or Pipe Fitting in Thailand (CIF) - 2024

In January 2024, the average import price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys amounted to $15,472 per ton, waning by -21.1% against the previous month. Over the period under review, the import price recorded a slight reduction. The pace of growth was the most pronounced in September 2023 an increase of 15% against the previous month. As a result, import price reached the peak level of $21,876 per ton. From October 2023 to January 2024, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Japan ($37,170 per ton), while the price for India ($9,575 per ton) was amongst the lowest.

From February 2023 to January 2024, the most notable rate of growth in terms of prices was attained by South Korea (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Copper Alloy Tube or Pipe Fitting in Thailand

In 2022, the amount of tube or pipe fittings, couplings, elbows, sleeves of copper alloys exported from Thailand was estimated at 2.8K tons, with an increase of 3.4% on the year before. Over the period under review, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +20.2% 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 +73.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 30%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, exports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys expanded remarkably to $47M in 2022. In general, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +18.8% 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 +67.5% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 47% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Export of Copper Alloy Tube or Pipe Fitting in Thailand (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	11.0	12.9	20.4	27.0	34.9%
Japan	6.3	6.2	7.7	5.3	-5.6%
Turkey	2.3	2.9	3.8	4.2	22.2%
Hong Kong SAR	1.5	1.2	2.3	2.4	17.0%
Hungary	1.0	0.3	1.0	1.1	3.2%
United Kingdom	1.4	0.6	0.8	1.0	-10.6%
India	0.3	0.7	0.7	0.7	32.6%
Others	4.0	4.3	5.9	4.9	7.0%
Total	27.8	29.1	42.7	46.6	18.8%

Top Export Markets for Copper Alloy Tube or Pipe Fitting from Thailand in 2022:

United States (1736.3 tons)
Japan (244.5 tons)
Turkey (189.3 tons)
Hong Kong SAR (143.2 tons)
United Kingdom (66.7 tons)
Hungary (58.3 tons)
India (45.8 tons)

Imports of Copper Alloy Tube or Pipe Fitting in Thailand

In 2022, after three years of growth, there was significant decline in purchases abroad of tube or pipe fittings, couplings, elbows, sleeves of copper alloys, when their volume decreased by -51% to 2.1K tons. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 72%. As a result, imports reached the peak of 4.2K tons, and then declined notably in the following year.

In value terms, imports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys dropped sharply to $41M in 2022. Overall, imports, however, saw prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 97%. As a result, imports attained the peak of $68M, and then declined remarkably in the following year.

Import of Copper Alloy Tube or Pipe Fitting in Thailand (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	13.4	18.2	47.8	21.6	17.3%
Japan	7.6	5.9	6.7	7.3	-1.3%
Turkey	0.7	2.5	3.5	2.2	46.5%
Italy	1.1	0.9	1.1	1.9	20.0%
South Korea	2.1	1.7	2.2	1.7	-6.8%
Germany	4.2	0.9	1.2	1.1	-36.0%
Portugal	0.3	0.2	0.8	0.8	38.7%
United States	0.6	0.8	0.8	0.8	10.1%
Others	3.3	3.3	3.7	4.1	7.5%
Total	33.5	34.4	67.7	41.5	7.4%