European Union's Copper Pipe and Fitting Market to Experience Modest Growth with +0.7% CAGR from 2024-2035 - News and Statistics - IndexBox

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IndexBox has just published a new report: EU - Copper Tubes, Pipes And Fittings - Market Analysis, Forecast, Size, Trends And Insights.

The European Union's market for copper pipe and fittings is on the rise, with an expected increase in consumption over the next decade. Forecasts show a slight performance increase with a projected CAGR of +0.7% in volume and +2.1% in value from 2024 to 2035. By the end of 2035, the market volume is expected to reach 567K tons, with a market value of $7.2B in nominal prices.

Driven by rising demand for copper pipe and fitting in the European Union, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +0.7% for the period from 2024 to 2035, which is projected to bring the market volume to 567K tons by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +2.1% for the period from 2024 to 2035, which is projected to bring the market value to $7.2B (in nominal wholesale prices) by the end of 2035.

In 2024, copper pipe and fitting consumption in the European Union was estimated at 523K tons, leveling off at the previous year. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, consumption attained the peak volume at 578K tons in 2022; however, from 2023 to 2024, consumption failed to regain momentum.

The revenue of the copper pipe and fitting market in the European Union surged to $5.7B in 2024, rising by 32% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a mild curtailment. The level of consumption peaked at $7.3B in 2022; however, from 2023 to 2024, consumption failed to regain momentum.

The countries with the highest volumes of consumption in 2024 were Italy (142K tons), Germany (118K tons) and France (37K tons), with a combined 57% share of total consumption. Spain, the Netherlands, Poland, the Czech Republic, Austria, Sweden and Greece lagged somewhat behind, together comprising a further 30%.

From 2013 to 2024, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Austria (with a CAGR of +6.6%), while consumption for the other leaders experienced more modest paces of growth.

In value terms, Italy ($1.5B), Germany ($1.1B) and France ($482M) were the countries with the highest levels of market value in 2024, with a combined 54% share of the total market. Poland, Spain, the Netherlands, Austria, the Czech Republic, Sweden and Greece lagged somewhat behind, together comprising a further 31%.

Austria, with a CAGR of +10.1%, recorded the highest rates of growth with regard to market size among the main consuming countries over the period under review, while market for the other leaders experienced more modest paces of growth.

The countries with the highest levels of copper pipe and fitting per capita consumption in 2024 were Italy (2.4 kg per person), the Czech Republic (2.2 kg per person) and Austria (1.7 kg per person).

From 2013 to 2024, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Austria (with a CAGR of +6.1%), while consumption for the other leaders experienced more modest paces of growth.

In 2024, production of copper tubes, pipes and fitting was finally on the rise to reach 479K tons for the first time since 2021, thus ending a two-year declining trend. Overall, production, however, recorded a slight curtailment. The growth pace was the most rapid in 2021 with an increase of 22% against the previous year. Over the period under review, production attained the maximum volume at 570K tons in 2013; however, from 2014 to 2024, production failed to regain momentum.

In value terms, copper pipe and fitting production surged to $5.8B in 2024 estimated in export price. Over the period under review, production, however, recorded a pronounced decrease. The most prominent rate of growth was recorded in 2021 when the production volume increased by 48%. Over the period under review, production reached the peak level at $7.6B in 2022; however, from 2023 to 2024, production failed to regain momentum.

The countries with the highest volumes of production in 2024 were Italy (171K tons), Germany (150K tons) and Greece (67K tons), with a combined 81% share of total production. Austria, Spain, Poland and Finland lagged somewhat behind, together accounting for a further 14%.

From 2013 to 2024, the biggest increases were recorded for Poland (with a CAGR of +2.8%), while production for the other leaders experienced more modest paces of growth.

For the third consecutive year, the European Union recorded decline in supplies from abroad of copper tubes, pipes and fitting, which decreased by -23.8% to 327K tons in 2024. Overall, imports continue to indicate a mild decrease. The pace of growth appeared the most rapid in 2021 with an increase of 22% against the previous year. As a result, imports reached the peak of 481K tons. From 2022 to 2024, the growth of imports remained at a somewhat lower figure.

In value terms, copper pipe and fitting imports fell notably to $4.3B in 2024. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 44%. As a result, imports attained the peak of $6B. From 2022 to 2024, the growth of imports remained at a lower figure.

The countries with the highest levels of copper pipe and fitting imports in 2024 were Italy (40K tons), France (38K tons), Germany (37K tons), the Netherlands (34K tons), Spain (32K tons), Poland (30K tons) and the Czech Republic (27K tons), together accounting for 73% of total import. The following importers - Belgium (12K tons), Sweden (10K tons) and Portugal (10K tons) - together made up 10% of total imports.

From 2013 to 2024, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Netherlands (with a CAGR of +6.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest copper pipe and fitting importing markets in the European Union were Germany ($664M), France ($533M) and Italy ($466M), together comprising 39% of total imports. Poland, Spain, the Czech Republic, the Netherlands, Belgium, Sweden and Portugal lagged somewhat behind, together comprising a further 42%.

Spain, with a CAGR of +4.5%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Tubes and pipes of refined copper (149K tons) and tube or pipe fittings, couplings, elbows, sleeves of copper alloys (105K tons) dominates imports structure, together generating 78% of total imports. Tubes and pipes of copper-zinc base alloys (brass) (30K tons) held the next position in the ranking, followed by tubes and pipes of copper alloys other than copper-zinc, cupro-nickel or nickel-silver (19K tons) and tube or pipe fittings, couplings, elbows, sleeves of refined copper (18K tons). All these products together took approx. 21% share of total imports. Tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) (5.2K tons) held a minor share of total imports.

From 2013 to 2024, the biggest increases were recorded for tube or pipe fittings, couplings, elbows, sleeves of copper alloys (with a CAGR of +1.0%), while purchases for the other products experienced a decline in the imports figures.

In value terms, tube or pipe fittings, couplings, elbows, sleeves of copper alloys ($1.7B), tubes and pipes of refined copper ($1.7B) and tube or pipe fittings, couplings, elbows, sleeves of refined copper ($346M) appeared to be the products with the highest levels of imports in 2024, together comprising 87% of total imports.

In terms of the main imported products, tube or pipe fittings, couplings, elbows, sleeves of copper alloys, with a CAGR of +1.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other products experienced more modest paces of growth.

The import price in the European Union stood at $13,170 per ton in 2024, remaining constant against the previous year. Over the last eleven-year period, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2021 when the import price increased by 18% against the previous year. The level of import peaked at $13,264 per ton in 2023, and then contracted in the following year.

There were significant differences in the average prices amongst the major imported products. In 2024, the product with the highest price was tube or pipe fittings, couplings, elbows, sleeves of refined copper ($18,877 per ton), while the price for tubes and pipes of copper-zinc base alloys (brass) ($7,019 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by refined copper tube and pipe (+2.9%), while the other products experienced more modest paces of growth.

In 2024, the import price in the European Union amounted to $13,170 per ton, standing approx. at the previous year. Over the period from 2013 to 2024, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2021 when the import price increased by 18% against the previous year. The level of import peaked at $13,264 per ton in 2023, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($17,815 per ton), while the Netherlands ($8,926 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by the Czech Republic (+6.8%), while the other leaders experienced more modest paces of growth.

In 2024, approx. 283K tons of copper tubes, pipes and fitting were exported in the European Union; shrinking by -23.7% on 2023 figures. Overall, exports continue to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 12%. As a result, the exports attained the peak of 442K tons. From 2022 to 2024, the growth of the exports remained at a lower figure.

In value terms, copper pipe and fitting exports contracted dramatically to $4.9B in 2024. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 39%. As a result, the exports attained the peak of $6.6B. From 2022 to 2024, the growth of the exports failed to regain momentum.

The biggest shipments were from Germany (69K tons), Italy (68K tons) and Greece (60K tons), together accounting for 70% of total export. Spain (16K tons) ranks next in terms of the total exports with a 5.7% share, followed by Austria (5%) and Poland (4.9%). Finland (8.1K tons) held a little share of total exports.

From 2013 to 2024, the biggest increases were recorded for Spain (with a CAGR of +2.0%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest copper pipe and fitting supplying countries in the European Union were Germany ($1.5B), Italy ($1.2B) and Greece ($668M), together comprising 68% of total exports.

Greece, with a CAGR of +4.0%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

In 2024, tubes and pipes of refined copper (159K tons) represented the largest type of copper tubes, pipes and fitting, achieving 56% of total exports. Tube or pipe fittings, couplings, elbows, sleeves of copper alloys (65K tons) ranks second in terms of the total exports with a 23% share, followed by tubes and pipes of copper-zinc base alloys (brass) (6.5%), tubes and pipes of copper alloys other than copper-zinc, cupro-nickel or nickel-silver (6.5%) and tube or pipe fittings, couplings, elbows, sleeves of refined copper (6.3%). Tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) (4.7K tons) followed a long way behind the leaders.

Exports of tubes and pipes of refined copper decreased at an average annual rate of -2.8% from 2013 to 2024. Tubes and pipes of copper alloys other than copper-zinc, cupro-nickel or nickel-silver experienced a relatively flat trend pattern. tube or pipe fittings, couplings, elbows, sleeves of refined copper (-1.4%), tube or pipe fittings, couplings, elbows, sleeves of copper alloys (-2.3%), tubes and pipes of copper-zinc base alloys (brass) (-5.7%) and tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) (-7.7%) illustrated a downward trend over the same period. Tubes and pipes of copper alloys other than copper-zinc, cupro-nickel or nickel-silver (+2.2 p.p.) significantly strengthened its position in terms of the total exports, while tubes and pipes of copper-zinc base alloys (brass) saw its share reduced by -2.6% from 2013 to 2024, respectively. The shares of the other products remained relatively stable throughout the analyzed period.

In value terms, the largest types of exported copper tubes, pipes and fitting were tubes and pipes of refined copper ($1.9B), tube or pipe fittings, couplings, elbows, sleeves of copper alloys ($1.8B) and tube or pipe fittings, couplings, elbows, sleeves of refined copper ($570M), with a combined 88% share of total exports. Tubes and pipes of copper alloys other than copper-zinc, cupro-nickel or nickel-silver, tubes and pipes of copper-zinc base alloys (brass) and tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) lagged somewhat behind, together comprising a further 12%.

Tubes and pipes of copper alloys other than copper-zinc, cupro-nickel or nickel-silver, with a CAGR of +2.8%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exported products over the period under review, while shipments for the other products experienced more modest paces of growth.

In 2024, the export price in the European Union amounted to $17,245 per ton, increasing by 2.1% against the previous year. Export price indicated a pronounced expansion from 2013 to 2024: its price increased at an average annual rate of +2.9% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, copper pipe and fitting export price increased by +77.2% against 2016 indices. The growth pace was the most rapid in 2021 an increase of 25%. Over the period under review, the export prices hit record highs in 2024 and is likely to continue growth in the near future.

Prices varied noticeably by the product type; the product with the highest price was tube or pipe fittings, couplings, elbows, sleeves of refined copper ($31,876 per ton), while the average price for exports of tubes and pipes of copper-zinc base alloys (brass) ($11,238 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by copper tube or pipe fitting (+4.2%), while the other products experienced more modest paces of growth.

The export price in the European Union stood at $17,245 per ton in 2024, picking up by 2.1% against the previous year. Export price indicated a measured expansion from 2013 to 2024: its price increased at an average annual rate of +2.9% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, copper pipe and fitting export price increased by +77.2% against 2016 indices. The pace of growth appeared the most rapid in 2021 an increase of 25%. Over the period under review, the export prices attained the peak figure in 2024 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Poland ($23,820 per ton), while Greece ($11,132 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Germany (+4.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for copper pipe and fitting in the EU. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

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