Price for Brass Tubes and Pipes in Sri Lanka - 2021
Contents:
- Price for Brass Tubes and Pipes in Sri Lanka (CIF) - 2022
- Price for Brass Tubes and Pipes in Sri Lanka (FOB) - 2022
- Imports of Brass Tubes and Pipes in Sri Lanka
- Exports of Brass Tubes and Pipes in Sri Lanka
Price for Brass Tubes and Pipes in Sri Lanka (CIF) - 2022
The average brass tubes and pipes import price stood at $11,070 per ton in 2022, shrinking by -3.8% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 14%. Over the period under review, average import prices attained the maximum at $11,839 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($12,190 per ton), while the price for India ($10,398 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Brass Tubes and Pipes in Sri Lanka (FOB) - 2022
The average brass tubes and pipes export price stood at $12,875 per ton in 2022, growing by 43% against the previous year. Over the period under review, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, brass tubes and pipes export price increased by +76.2% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Maldives.
From 2012 to 2022, the rate of growth in terms of prices for Maldives amounted to +2.5% per year.
Imports of Brass Tubes and Pipes in Sri Lanka
In 2022, imports of tubes and pipes of copper-zinc base alloys (brass) into Sri Lanka contracted to 27 tons, reducing by -12.1% compared with the year before. Over the period under review, imports recorded a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by 50%.
In value terms, brass tubes and pipes imports declined markedly to $304K in 2022. Overall, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 71%.
| Import of Brass Tubes and Pipes in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 188 | 94.5 | 153 | 138 | -9.8% |
| China | 41.3 | 11.2 | 28.8 | 92.3 | 30.7% |
| United Kingdom | 98.5 | 30.8 | 41.0 | 67.6 | -11.8% |
| South Korea | 11.3 | 9.6 | 27.8 | N/A | 56.8% |
| Canada | 50.5 | 44.0 | 48.4 | N/A | -2.1% |
| Others | 34.3 | 19.5 | 60.0 | 6.2 | -43.5% |
| Total | 424 | 210 | 359 | 304 | -10.5% |
Top Suppliers of Brass Tubes and Pipes to Sri Lanka in 2022:
- India (13.3 tons)
- China (7.6 tons)
- United Kingdom (6.4 tons)
Exports of Brass Tubes and Pipes in Sri Lanka
In 2022, shipments abroad of tubes and pipes of copper-zinc base alloys (brass) increased by 700% to 8 kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a drastic downturn.
In value terms, brass tubes and pipes exports surged to $103 in 2022. In general, exports posted a measured expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Brass Tubes and Pipes in Sri Lanka (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Maldives | 95.0 | 75.0 | 9.0 | 103 | 2.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 95.0 | 75.0 | 9.0 | 103 | 2.7% |
Top Export Markets for Brass Tubes and Pipes from Sri Lanka in 2022:
- Maldives (8.0 kg)
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