1, the air conditioning market gradually rebound
From the copper pipe industry downstream of the largest application areas of the air conditioning market, the current air conditioning market winter has passed, demand recovery to manufacturers to expand production confidence. Air conditioning industry in 2020 due to the impact of the epidemic, real estate policy regulation, raw material prices, domestic and international demand is weak and other factors demand into the trough, copper tube manufacturers to intensify competition, copper tube enterprise profit margins under pressure. However, since 2021, domestic and foreign air conditioning sales data gradually warmed up, air conditioning manufacturers production willingness to enhance. Data from the National Bureau of Statistics show that air conditioner production in 2021 was 218,357,000 units, up 3.8% year-on-year, and production in 2022 was 222,473,000 units, up 1.88% year-on-year, maintaining stable growth.
2, copper water pipe in the construction field has a bright future
Compared to traditional water pipes, the chemical properties of copper water pipes show corrosion resistance, not easy to rust and scale, bactericidal and antibacterial properties, as well as excellent physical properties, smooth inner wall, pressure and heat resistance, durability. According to the data, copper water pipe in the United States plumbing field accounted for 85%, in the United Kingdom close to 95%, in Europe, Southeast Asia, Hong Kong and other places accounted for about 75%. Due to the high price of copper pipes, the penetration rate of copper water pipes in mainland China is low.In March 2019, the Ministry of Housing and Urban-Rural Development released the national standard "Green Building Evaluation Standards", which recommended the use of copper pipes in civil buildings for the first time. The demand for copper pipes in the construction sector will be boosted in the future with the deepening of the urbanization process and the increase in the level of per capita consumption expenditure.
3, the leader to speed up overseas production expansion, improve the company's ability to resist risks
China's copper pipe processing industry has a strong global comparative advantage, while China is the world's largest producer and consumer of copper pipe, China's copper pipe processing industry has a strong global comparative advantage. About 10% of domestic copper pipes are used for overseas export. At the same time, domestic leading enterprises have also invested in overseas factories or mergers and acquisitions, and actively layout of overseas market production supply and sales channels.
