copper wire market Archives

The global copper pipe and fitting market has been experiencing significant growth in recent years, with several countries emerging as key players in the import market. According to data from the IndexBox market intelligence platform, the following countries have been leading the way in terms of import value for copper pipe and fitting:

United States – $2.4 billion USD in 2022
Germany – $1.1 billion USD in 2022
India – $918.9 million USD in 2022
France – $751.4 million USD in 2022
Italy – $614.2 million USD in 2022
Thailand – $597.5 million USD in 2022
United Kingdom – $573.9 million USD in 2022
Poland – $573.7 million USD in 2022
Russia – $492.2 million USD in 2022
Turkey – $411.7 million USD in 2022

These figures highlight the significant import demand for copper pipe and fitting products across the globe. In this article, we will delve further into the details of each country’s import market, exploring key statistics and trends.

1. United States

The United States has the largest import value for copper pipe and fitting, reaching $2.4 billion USD in 2022. The country’s strong demand for these products can be attributed to its thriving construction and infrastructure sectors. Copper pipe and fittings are widely used in plumbing systems, air conditioning, and refrigeration installations, making them essential for residential, commercial, and industrial construction projects.

2. Germany

Germany ranks second in terms of import value, with $1.1 billion USD in 2022. The country’s advanced manufacturing industry and well-developed infrastructure contribute to its high import demand for copper pipe and fitting. Additionally, Germany’s commitment to renewable energy projects, such as solar and wind power, increases the need for copper pipe and fitting in the installation of sustainable energy systems.

3. India

India has witnessed substantial growth in its import market for copper pipe and fitting, with an import value of $918.9 million USD in 2022. The country’s rapid urbanization, infrastructure development, and increasing disposable income have led to a surge in residential and commercial construction projects. Copper pipe and fitting are in high demand for plumbing, HVAC systems, and electrical applications in these projects.

4. France

France ranks fourth on the list, with an import value of $751.4 million USD in 2022. The country’s construction industry, particularly its focus on green building practices, has contributed to the demand for copper pipe and fitting. With an increasing emphasis on energy-efficient buildings, the use of copper pipe and fitting in HVAC systems has witnessed significant growth.

5. Italy

Italy’s import value for copper pipe and fitting reached $614.2 million USD in 2022, positioning it fifth on the list. The country’s well-established automotive industry and construction sector fuel the demand for copper pipe and fitting. These products are widely used in the manufacturing and assembly of automobiles, as well as in residential and commercial construction projects.

6. Thailand

Thailand’s import market for copper pipe and fitting has experienced steady growth, with an import value of $597.5 million USD in 2022. The country’s booming construction industry, coupled with its strong manufacturing sector, drives the demand for copper pipe and fitting. Moreover, Thailand’s geographical location serves as a strategic hub for exports to other Southeast Asian countries.

7. United Kingdom

The United Kingdom imports copper pipe and fitting worth $573.9 million USD in 2022, securing the seventh position on the list. The country’s construction industry, along with its investments in renewable energy projects, creates a significant demand for copper pipe and fitting in residential, commercial, and industrial applications.

8. Poland

Poland’s import value for copper pipe and fitting stands at $573.7 million USD in 2022, making it one of the key players in the global import market. The country’s ongoing infrastructure projects, driven by EU funding, require a substantial amount of copper pipe and fitting for various applications, including plumbing and heating systems.

9. Russia

Russia’s import market for copper pipe and fitting is valued at $492.2 million USD in 2022. The country’s construction and industrial sectors are the primary contributors to the demand for these products. Copper pipe and fitting are essential for the construction of residential and commercial buildings, as well as in the manufacturing and energy sectors.

10. Turkey

Turkey completes the list with an import value of $411.7 million USD in 2022. The country’s construction industry, driven by urbanization and infrastructure development, requires a significant amount of copper pipe and fitting. Furthermore, Turkey’s growing manufacturing sector and its proximity to Europe and Asia make it a crucial market for imports. This article showcases the top import markets for copper pipe and fitting, highlighting the key countries import values and the industries driving their demand. With the global construction industry witnessing continuous growth, the demand for copper pipe and fitting is expected to remain strong. The figures and statistics provided here offer valuable insights for businesses and investors operating in the copper pipe and fitting industry.

Source: IndexBox Market Intelligence Platform

U.S. Copper Wire Imports

Copper wire imports into the United States reduced slightly to 26K tons in April 2023, falling by -2.6% on the month before. Over the period under review, total imports indicated measured growth from April 2022 to April 2023: its volume increased at an average monthly rate of +2.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on April 2023 figures, imports increased by +19.4% against February 2023 indices. The growth pace was the most rapid in October 2022 with an increase of 46% against the previous month.

In value terms, copper wire imports declined to $251M (IndexBox estimates) in April 2023. Overall, total imports indicated a modest expansion from April 2022 to April 2023: its value increased at an average monthly rate of +1.8% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on April 2023 figures, imports increased by +91.9% against September 2022 indices. The most prominent rate of growth was recorded in October 2022 when imports increased by 40% m-o-m.

Imports by Country

In April 2023, Canada (17K tons) constituted the largest copper wire supplier to the United States, with a 66% share of total imports. Moreover, copper wire imports from Canada exceeded the figures recorded by the second-largest supplier, Uzbekistan (2.1K tons), eightfold. The United Arab Emirates (1.8K tons) ranked third in terms of total imports with a 7% share.

From April 2022 to April 2023, the average monthly rate of growth in terms of volume from Canada was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Uzbekistan (0.0% per month) and the United Arab Emirates (-2.4% per month).

In value terms, Canada ($163M) constituted the largest supplier of copper wire to the United States, comprising 65% of total imports. The second position in the ranking was held by Uzbekistan ($21M), with an 8.3% share of total imports. It was followed by the United Arab Emirates, with a 6.8% share.

From April 2022 to April 2023, the average monthly growth rate of value from Canada was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Uzbekistan (0.0% per month) and the United Arab Emirates (+0.0% per month).

Imports by Type

In April 2023, copper; wire, of refined copper, of which the maximum cross-sectional dimension exceeds 6mm (22K tons) constituted the largest type of copper wire supplied to the United States, accounting for a 87% share of total imports. Moreover, copper; wire, of refined copper, of which the maximum cross-sectional dimension exceeds 6mm exceeded the figures recorded for the second-largest type, copper; wire, of refined copper, of which the maximum cross-sectional dimension is 6mm or less (2.1K tons), more than tenfold. The third position in this ranking was held by copper; wire, of copper-zinc base alloys (brass) (626 tons), with a 2.4% share.

From April 2022 to April 2023, the average monthly growth rate of the volume of import of copper; wire, of refined copper, of which the maximum cross-sectional dimension exceeds 6mm totaled +3.0%. With regard to the other supplied products, the following average monthly rates of growth were recorded: copper; wire, of refined copper, of which the maximum cross-sectional dimension is 6mm or less (+0.1% per month) and copper; wire, of copper-zinc base alloys (brass) (-2.0% per month).

In value terms, copper; wire, of refined copper, of which the maximum cross-sectional dimension exceeds 6mm ($213M) constituted the largest type of copper wire supplied to the United States, comprising 85% of total imports. The second position in the ranking was taken by copper; wire, of refined copper, of which the maximum cross-sectional dimension is 6mm or less ($22M), with an 8.9% share of total imports. It was followed by copper; wire, of copper alloys (other than copper-zinc base alloys, copper-nickel base alloys or copper-nickel-zinc base alloys), with a 2.9% share.

Import Prices by Country

In April 2023, the copper wire price amounted to $9,728 per ton, therefore (CIF, US), remained relatively stable against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in December 2022 when the average import price increased by 5% against the previous month. The import price peaked at $10,679 per ton in May 2022; however, from June 2022 to April 2023, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In April 2023, the countries with the highest prices were South Korea ($10,009 per ton) and Chile ($9,857 per ton), while the price for Mexico ($9,219 per ton) and the United Arab Emirates ($9,450 per ton) were amongst the lowest.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

World’s Best Import Markets for Copper Pipe and Fitting

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