Price for Tubes and Pipes of Copper Alloys Other than Copper-Zinc, Cupro-Nickel or Nickel-Silver in South Korea - 2022
Contents:
- Price for Tubes and Pipes of Copper Alloys Other than Copper-Zinc, Cupro-Nickel or Nickel-Silver in South Korea (CIF) - 2022
- Price for Tubes and Pipes of Copper Alloys Other than Copper-Zinc, Cupro-Nickel or Nickel-Silver in South Korea (FOB) - 2022
- Imports of Tubes and Pipes of Copper Alloys Other than Copper-Zinc, Cupro-Nickel or Nickel-Silver in South Korea
- Exports of Tubes and Pipes of Copper Alloys Other than Copper-Zinc, Cupro-Nickel or Nickel-Silver in South Korea
Price for Tubes and Pipes of Copper Alloys Other than Copper-Zinc, Cupro-Nickel or Nickel-Silver in South Korea (CIF) - 2022
The average import price for tubes and pipes of copper alloys other than copper-zinc, cupro-nickel or nickel-silver stood at $23,967 per ton in 2022, reducing by -8.5% against the previous year. Over the period under review, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for tubes and pipes of copper alloys other than copper-zinc, cupro-nickel or nickel-silver increased by +51.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 46% against the previous year. Over the period under review, average import prices hit record highs at $26,196 per ton in 2021, and then reduced in the following year.
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 Japan ($220,035 per ton), while the price for China ($7,920 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+26.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Tubes and Pipes of Copper Alloys Other than Copper-Zinc, Cupro-Nickel or Nickel-Silver in South Korea (FOB) - 2022
The average export price for tubes and pipes of copper alloys other than copper-zinc, cupro-nickel or nickel-silver stood at $14,855 per ton in 2022, rising by 6% against the previous year. In general, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for tubes and pipes of copper alloys other than copper-zinc, cupro-nickel or nickel-silver increased by +58.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 49% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($54,330 per ton), while the average price for exports to Australia ($7,770 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 China (+15.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tubes and Pipes of Copper Alloys Other than Copper-Zinc, Cupro-Nickel or Nickel-Silver in South Korea
For the third year in a row, South Korea recorded decline in overseas purchases of tubes and pipes of copper alloys other than copper-zinc, cupro-nickel or nickel-silver, which decreased by -1.6% to 264 tons in 2022. Over the period under review, imports showed a deep reduction.
In value terms, imports of tubes and pipes of copper alloys other than copper-zinc, cupro-nickel or nickel-silver dropped to $6.3M in 2022. In general, imports showed a noticeable shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 6.5%.
| Import of Tubes and Pipes of Copper Alloys Other than Copper-Zinc, Cupro-Nickel or Nickel-Silver in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 2.7 | 4.0 | 4.4 | 3.7 | 11.1% |
| China | 3.1 | 1.3 | 1.7 | 1.5 | -21.5% |
| United States | 0.2 | 0.3 | 0.3 | 0.4 | 26.0% |
| Austria | 0.1 | N/A | 0.2 | 0.4 | 58.7% |
| Germany | 0.5 | 0.3 | 0.4 | 0.1 | -41.5% |
| Vietnam | N/A | 0.5 | N/A | N/A | 0% |
| Mexico | 0.4 | N/A | N/A | N/A | 0% |
| Others | 0.2 | 0.3 | 0.2 | 0.1 | -20.6% |
| Total | 7.2 | 6.6 | 7.0 | 6.3 | -4.4% |
Top Suppliers of Tubes and Pipes of Copper Alloys Other than Copper-Zinc, Cupro-Nickel or Nickel-Silver to South Korea in 2022:
- China (192.6 tons)
- Austria (26.4 tons)
- United States (19.5 tons)
- Japan (16.9 tons)
- Germany (5.1 tons)
- Vietnam (0.3 tons)
Exports of Tubes and Pipes of Copper Alloys Other than Copper-Zinc, Cupro-Nickel or Nickel-Silver in South Korea
After three years of growth, shipments abroad of tubes and pipes of copper alloys other than copper-zinc, cupro-nickel or nickel-silver decreased by -71.9% to 251 tons in 2022. Overall, exports showed a deep setback. The growth pace was the most rapid in 2021 with an increase of 36% against the previous year. As a result, the exports reached the peak of 893 tons, and then shrank significantly in the following year.
In value terms, exports of tubes and pipes of copper alloys other than copper-zinc, cupro-nickel or nickel-silver dropped rapidly to $3.7M in 2022. Over the period under review, exports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2021 when exports increased by 103% against the previous year. As a result, the exports reached the peak of $13M, and then fell sharply in the following year.
| Export of Tubes and Pipes of Copper Alloys Other than Copper-Zinc, Cupro-Nickel or Nickel-Silver in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 1,432 | 1,459 | 2,779 | 1,138 | -7.4% |
| China | 192 | 1,103 | 1,814 | 656 | 50.6% |
| Vietnam | 632 | 599 | 860 | 454 | -10.4% |
| United States | 7.2 | 267 | 3,261 | 269 | 234.3% |
| Mexico | 45.1 | 86.5 | 113 | 260 | 79.3% |
| Thailand | 307 | 361 | 791 | 200 | -13.3% |
| United Arab Emirates | 3.4 | 75.4 | 116 | 186 | 279.6% |
| Australia | 300 | 175 | 187 | 132 | -23.9% |
| Singapore | 50.7 | 93.6 | 516 | 106 | 27.9% |
| Egypt | 929 | 485 | 475 | N/A | -28.5% |
| Saudi Arabia | 513 | 936 | 835 | N/A | 27.6% |
| Others | 815 | 514 | 775 | 324 | -26.5% |
| Total | 5,226 | 6,155 | 12,521 | 3,724 | -10.7% |
Top Export Markets for Tubes and Pipes of Copper Alloys Other than Copper-Zinc, Cupro-Nickel or Nickel-Silver from South Korea in 2022:
- Poland (72.9 tons)
- Vietnam (35.8 tons)
- United States (25.3 tons)
- Mexico (20.6 tons)
- United Arab Emirates (19.4 tons)
- Australia (17.0 tons)
- Thailand (13.5 tons)
- Singapore (12.9 tons)
- China (12.1 tons)
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