Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in China - 2024
Contents:
- Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in China (FOB) - 2024
- Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in China (CIF) - 2024
- Exports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in China
- Imports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in China
Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in China (FOB) - 2024
In December 2023, the average export price for copper; tube or pipe fittings (eg couplings, elbows, sleeves)s amounted to $11,817 per ton, with an increase of 1.7% against the previous month. Overall, the export price, however, showed a slight downturn. The export price peaked at $13,409 per ton in February 2023; however, from March 2023 to December 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In December 2023, the country with the highest price was Japan ($19,873 per ton), while the average price for exports to Poland ($9,352 per ton) was amongst the lowest.
From February 2023 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+0.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in China (CIF) - 2024
The average import price for copper; tube or pipe fittings (eg couplings, elbows, sleeves)s stood at $37,493 per ton in December 2023, waning by -4.1% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2023 an increase of 9.1% against the previous month. The import price peaked at $39,080 per ton in November 2023, and then fell in the following month.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was the United States ($108K per ton), while the price for Sri Lanka ($5,925 per ton) was amongst the lowest.
From February 2023 to December 2023, the most notable rate of growth in terms of prices was attained by Sri Lanka (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in China
Exports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s from China fell to 118K tons in 2022, waning by -5.2% on 2021. The total export volume increased at an average annual rate of +4.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 23% against the previous year. As a result, the exports attained the peak of 124K tons, and then reduced in the following year.
In value terms, exports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s reached $1.5B in 2022. In general, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +13.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +49.8% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 48% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 150 | 144 | 211 | 230 | 15.3% |
| Russia | 59.8 | 54.3 | 87.2 | 87.9 | 13.7% |
| United Kingdom | 64.1 | 53.8 | 99.9 | 85.6 | 10.1% |
| Australia | 63.9 | 63.4 | 77.8 | 84.3 | 9.7% |
| Japan | 64.5 | 54.9 | 74.1 | 80.5 | 7.7% |
| Germany | 58.7 | 60.8 | 79.3 | 78.4 | 10.1% |
| France | 55.2 | 52.8 | 75.9 | 75.6 | 11.1% |
| Poland | 40.3 | 46.5 | 66.9 | 72.0 | 21.3% |
| Spain | 53.5 | 42.6 | 82.9 | 69.1 | 8.9% |
| Canada | 32.1 | 34.4 | 52.7 | 54.6 | 19.4% |
| Vietnam | 15.6 | 25.4 | 48.4 | 42.2 | 39.3% |
| Mexico | 22.4 | 24.6 | 36.2 | 39.2 | 20.5% |
| South Korea | 21.8 | 21.5 | 29.1 | 30.0 | 11.2% |
| Others | 336 | 320 | 461 | 468 | 11.7% |
| Total | 1,038 | 999 | 1,482 | 1,498 | 13.0% |
Top Export Markets for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) from China in 2022:
- United States (14.7K tons)
- Russia (8.7K tons)
- Poland (7.1K tons)
- France (6.8K tons)
- United Kingdom (6.4K tons)
- Australia (6.0K tons)
- Spain (5.6K tons)
- Germany (5.4K tons)
- Japan (4.2K tons)
- Canada (3.7K tons)
- Vietnam (3.3K tons)
- Mexico (3.1K tons)
- South Korea (2.7K tons)
Imports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in China
In 2022, supplies from abroad of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s decreased by -20.6% to 4.1K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, saw modest growth. The most prominent rate of growth was recorded in 2021 when imports increased by 27%. As a result, imports attained the peak of 5.2K tons, and then fell sharply in the following year.
In value terms, imports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s dropped sharply to $143M in 2022. The total import value increased at an average annual rate of +3.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 28%. As a result, imports reached the peak of $176M, and then fell sharply in the following year.
| Import of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 29.9 | 31.4 | 40.2 | 35.2 | 5.6% |
| Germany | 23.9 | 28.2 | 36.1 | 25.1 | 1.6% |
| Italy | 13.1 | 13.7 | 21.0 | 19.4 | 14.0% |
| United States | 11.3 | 10.8 | 11.0 | 11.2 | -0.3% |
| Singapore | 10.9 | 12.5 | 13.4 | 10.9 | 0.0% |
| Taiwan (Chinese) | 6.7 | 7.3 | 12.0 | 9.8 | 13.5% |
| United Kingdom | 9.3 | 7.2 | 8.8 | 7.2 | -8.2% |
| South Korea | 4.5 | 4.8 | 9.0 | 6.5 | 13.0% |
| Norway | 3.9 | 4.3 | 3.6 | 1.1 | -34.4% |
| Others | 14.8 | 17.1 | 21.4 | 17.1 | 4.9% |
| Total | 128 | 137 | 176 | 143 | 3.8% |
Top Suppliers of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) to China in 2022:
- Japan (1098.0 tons)
- Italy (684.8 tons)
- Germany (528.8 tons)
- Taiwan (Chinese) (374.6 tons)
- United Kingdom (324.5 tons)
- Singapore (242.7 tons)
- South Korea (212.0 tons)
- United States (165.7 tons)
- Norway (65.7 tons)
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