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Mar 21, 2025

European Union's Copper Pipe and Fitting Market to See Slight Growth with CAGR of +0.7% - News and Statistics - IndexBox

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform. IndexBox has just published a new report: EU - Copper Tubes, Pipes And Fittings - Market Analysis,

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

Driven by increasing demand for copper pipe and fittings in the European Union, the market is expected to show a slight increase in performance over the next decade. A projected CAGR of +0.7% in volume and +2.1% in value from 2024 to 2035 points towards a steady growth trend in the market.

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, the amount of copper tubes, pipes and fitting consumed in the European Union reached 523K tons, therefore, remained relatively stable against the year before. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, consumption reached the maximum volume at 578K tons in 2022; however, from 2023 to 2024, consumption failed to regain momentum.

The value of the copper pipe and fitting market in the European Union soared to $5.7B in 2024, growing 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). In general, consumption, however, saw a mild slump. Over the period under review, the market reached the maximum level at $7.3B in 2022; however, from 2023 to 2024, consumption remained at a lower figure.

The countries with the highest volumes of consumption in 2024 were Italy (142K tons), Germany (118K tons) and France (37K tons), together accounting for 57% 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 biggest increases were recorded for 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) appeared to be the countries with the highest levels of market value in 2024, together accounting for 54% of the total market. Poland, Spain, the Netherlands, Austria, the Czech Republic, Sweden and Greece lagged somewhat behind, together comprising a further 31%.

Among the main consuming countries, Austria, with a CAGR of +10.1%, recorded the highest growth rate of market size 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 biggest increases were recorded for 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 increased by 4.2% to 479K tons for the first time since 2021, thus ending a two-year declining trend. Over the period under review, production, however, continues to indicate a mild slump. The pace of growth was the most pronounced in 2021 when the production volume increased by 22%. The volume of production peaked at 570K tons in 2013; however, from 2014 to 2024, production failed to regain momentum.

In value terms, copper pipe and fitting production soared to $5.8B in 2024 estimated in export price. In general, production, however, recorded a noticeable contraction. The pace of growth appeared the most rapid in 2021 with an increase of 48% against the previous year. The level of production peaked at $7.6B in 2022; however, from 2023 to 2024, production stood at a somewhat lower figure.

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

From 2013 to 2024, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Poland (with a CAGR of +2.8%), while production for the other leaders experienced more modest paces of growth.

For the third year in a row, 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 recorded a slight decline. The growth pace was the most rapid in 2021 when imports increased by 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 lower figure.

In value terms, copper pipe and fitting imports reduced dramatically to $4.3B in 2024. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 44% against the previous year. As a result, imports reached the peak of $6B. From 2022 to 2024, the growth of imports remained at a somewhat lower figure.

In 2024, 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) was the largest importer of copper tubes, pipes and fitting in the European Union, making up 73% of total import. Belgium (12K tons), Sweden (10K tons) and Portugal (10K tons) held a relatively small share of total imports.

From 2013 to 2024, the most notable rate of growth in terms of purchases, amongst the main 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, Germany ($664M), France ($533M) and Italy ($466M) appeared to be the countries with the highest levels of imports in 2024, with a combined 39% share of total imports. Poland, Spain, the Czech Republic, the Netherlands, Belgium, Sweden and Portugal lagged somewhat behind, together accounting for a further 42%.

In terms of the main importing countries, Spain, with a CAGR of +4.5%, 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.

Tubes and pipes of refined copper (149K tons) and tube or pipe fittings, couplings, elbows, sleeves of copper alloys (105K tons) prevails in imports structure, together comprising 78% of total imports. It was distantly followed by tubes and pipes of copper-zinc base alloys (brass) (30K tons), 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), together making up a 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) followed a long way behind the leaders.

From 2013 to 2024, the most notable rate of growth in terms of purchases, amongst the key imported products, was attained by tube or pipe fittings, couplings, elbows, sleeves of copper alloys (with a CAGR of +1.0%), while imports for the other products experienced a decline in the imports figures.

In value terms, the largest types of imported copper tubes, pipes and fitting were 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), with a combined 87% share of total imports.

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

In 2024, the import price in the European Union amounted to $13,170 per ton, remaining stable against the previous year. Over the period from 2013 to 2024, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2021 an increase of 18% against the previous year. Over the period under review, import prices reached the peak figure at $13,264 per ton in 2023, and then fell slightly 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, remaining stable against the previous year. Over the last eleven years, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2021 when the import price increased by 18%. Over the period under review, import prices attained the peak figure at $13,264 per ton in 2023, and then fell modestly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2024, 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, copper pipe and fitting exports in the European Union shrank significantly to 283K tons, declining by -23.7% against the previous year. Overall, exports recorded a perceptible decline. The growth pace was the most rapid in 2021 with an increase of 12%. As a result, the exports attained the peak of 442K tons. From 2022 to 2024, the growth of the exports remained at a somewhat lower figure.

In value terms, copper pipe and fitting exports shrank markedly to $4.9B in 2024. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 39% against the previous year. As a result, the exports attained the peak of $6.6B. From 2022 to 2024, the growth of the exports remained at a somewhat lower figure.

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) took a 5.7% share (based on physical terms) of total exports, which put it in second place, followed by Austria (5%) and Poland (4.9%). Finland (8.1K tons) followed a long way behind the leaders.

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, Germany ($1.5B), Italy ($1.2B) and Greece ($668M) constituted the countries with the highest levels of exports in 2024, together accounting for 68% of total exports.

Greece, with a CAGR of +4.0%, saw the highest growth rate of 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) was the largest type of copper tubes, pipes and fitting, creating 56% of total exports. Tube or pipe fittings, couplings, elbows, sleeves of copper alloys (65K tons) took a 23% share (based on physical terms) of total exports, which put it in second place, 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) took a minor share of total exports.

From 2013 to 2024, average annual rates of growth with regard to tubes and pipes of refined copper exports of stood at -2.8%. 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. From 2013 to 2024, the share of tubes and pipes of copper alloys other than copper-zinc, cupro-nickel or nickel-silver increased by +2.2 percentage points. 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%.

In terms of the main exported products, 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, 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, picking up by 2.1% against the previous year. Export price indicated a noticeable expansion from 2013 to 2024: its price increased at an average annual rate of +2.9% over the last eleven-year period. 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%. The level of export peaked in 2024 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exported products. In 2024, 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, with an increase of 2.1% against the previous year. Export price indicated a notable increase 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% against the previous year. Over the period under review, the export prices hit record highs in 2024 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2024, 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.

In this report, you can find information that helps you to make informed decisions on the following issues:

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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