U.S.: Market for Copper Tubes, Pipes And Fitting 2024

Market Size for Copper Tubes, Pipes And Fitting in the U.S.

The U.S. copper pipe and fitting market rose slightly to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption, however, saw a mild reduction. Copper pipe and fitting consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Copper Tubes, Pipes And Fitting in the U.S.

In value terms, copper pipe and fitting production shrank slightly to $X in 2022. Over the period under review, production continues to indicate a noticeable descent. The pace of growth appeared the most rapid in 2019 when the production volume increased by X% against the previous year. Copper pipe and fitting production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Copper Tubes, Pipes And Fitting

Exports from the U.S.

In 2022, shipments abroad of copper tubes, pipes and fitting increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, copper pipe and fitting exports rose notably to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Mexico (X tons), Saudi Arabia (X tons) and Canada (X tons) were the main destinations of copper pipe and fitting exports from the United States, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for copper pipe and fitting exported from the United States were Mexico ($X), Canada ($X) and Saudi Arabia ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Saudi Arabia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average copper pipe and fitting export price amounted to $X per ton, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Canada ($X per ton) and Mexico ($X per ton), while the average price for exports to Saudi Arabia ($X per ton) and the United Arab Emirates ($X 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 Canada (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Tubes, Pipes And Fitting

Imports into the U.S.

For the third year in a row, the United States recorded growth in overseas purchases of copper tubes, pipes and fitting, which increased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, copper pipe and fitting imports surged to $X in 2022. Over the period under review, imports saw prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Thailand (X tons), South Korea (X tons) and China (X tons) were the main suppliers of copper pipe and fitting imports to the United States, with a combined X% share of total imports. Mexico, Canada, Bahrain, Germany, India, Malaysia, Brazil, Taiwan (Chinese), Italy and Vietnam lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Bahrain (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest copper pipe and fitting suppliers to the United States were South Korea ($X), Thailand ($X) and China ($X), with a combined X% share of total imports. Mexico, Canada, Germany, Bahrain, Italy, Taiwan (Chinese), India, Vietnam, Malaysia and Brazil lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Bahrain, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average copper pipe and fitting import price amounted to $X per ton, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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