Price for Brass Tubes and Pipes in India - 2023
Contents:
- Price for Brass Tubes and Pipes in India (FOB) - 2023
- Price for Brass Tubes and Pipes in India (CIF) - 2023
- Exports of Brass Tubes and Pipes in India
- Imports of Brass Tubes and Pipes in India
Price for Brass Tubes and Pipes in India (FOB) - 2023
In September 2023, the average brass tubes and pipes export price amounted to $10,736 per ton, standing approximately at the previous month. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 22% m-o-m. As a result, the export price reached the peak level of $12,478 per ton. From July 2023 to September 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was Canada ($22,844 per ton), while the average price for exports to Italy ($8,591 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Brass Tubes and Pipes in India (CIF) - 2023
The average brass tubes and pipes import price stood at $9,758 per ton in September 2023, remaining relatively unchanged against the previous month. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 when the average import price increased by 9.5% month-to-month. As a result, import price attained the peak level of $10,158 per ton. From February 2023 to September 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Canada ($16,818 per ton), while the price for South Korea ($8,687 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Canada (+2.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Brass Tubes and Pipes in India
Brass tubes and pipes exports from India skyrocketed to 2.3K tons in 2022, increasing by 32% against 2021 figures. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 77%. The exports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, brass tubes and pipes exports soared to $25M in 2022. Over the period under review, exports saw significant growth. The growth pace was the most rapid in 2021 when exports increased by 110% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Brass Tubes and Pipes in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.9 | 1.0 | 8.6 | 13.7 | 93.2% |
| Romania | N/A | N/A | N/A | 2.2 | 0% |
| Spain | 1.0 | 0.6 | 1.2 | 1.3 | 9.1% |
| United Arab Emirates | 0.5 | 0.5 | 1.0 | 1.2 | 33.9% |
| Canada | 0.5 | 0.8 | 0.2 | 0.8 | 17.0% |
| Netherlands | 0.8 | 0.6 | 1.0 | 0.8 | 0.0% |
| Zimbabwe | N/A | N/A | 0.1 | 0.7 | 600.0% |
| Italy | 0.8 | 0.6 | 1.1 | 0.7 | -4.4% |
| Bahrain | 0.4 | 0.9 | 0.6 | 0.5 | 7.7% |
| South Africa | N/A | 0.3 | 0.4 | 0.4 | 15.5% |
| China | 0.1 | 0.2 | 0.2 | 0.4 | 58.7% |
| Germany | 0.7 | 0.1 | 0.1 | 0.1 | -47.7% |
| Iran | 1.1 | N/A | N/A | N/A | 0% |
| Others | 2.1 | 2.4 | 2.0 | 1.9 | -3.3% |
| Total | 10.1 | 7.9 | 16.6 | 24.6 | 34.5% |
Top Export Markets for Brass Tubes and Pipes from India in 2022:
- United States (1331.9 tons)
- Romania (221.3 tons)
- United Arab Emirates (117.7 tons)
- Netherlands (96.6 tons)
- Spain (84.9 tons)
- Italy (66.4 tons)
- China (53.8 tons)
- Bahrain (48.1 tons)
- South Africa (42.1 tons)
- Zimbabwe (41.7 tons)
- Canada (40.8 tons)
- Germany (9.5 tons)
Imports of Brass Tubes and Pipes in India
In 2022, the amount of tubes and pipes of copper-zinc base alloys (brass) imported into India declined to 886 tons, with a decrease of -7.3% on 2021 figures. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 28% against the previous year. As a result, imports attained the peak of 955 tons, and then dropped in the following year.
In value terms, brass tubes and pipes imports fell to $8.9M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +7.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.9% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 55% against the previous year. As a result, imports reached the peak of $9M, leveling off in the following year.
| Import of Brass Tubes and Pipes in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 4.4 | 3.6 | 6.4 | 6.5 | 13.9% |
| China | 1.0 | 1.0 | 1.4 | 1.3 | 9.1% |
| Germany | 1.2 | 0.5 | 1.0 | 0.6 | -20.6% |
| Canada | 0.2 | 0.4 | N/A | 0.2 | 0.0% |
| Others | 0.4 | 0.2 | 0.3 | 0.3 | -9.1% |
| Total | 7.2 | 5.8 | 9.0 | 8.9 | 7.3% |
Top Suppliers of Brass Tubes and Pipes to India in 2022:
- South Korea (658.0 tons)
- China (133.9 tons)
- Germany (51.7 tons)
- Canada (13.3 tons)
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