Price for Copper Alloy Tube or Pipe Fitting in Australia - 2024

Price for Copper Alloy Tube or Pipe Fitting in Australia (CIF) - 2022

The average import price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys stood at $20,729 per ton in 2022, picking up by 3.2% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The growth pace was the most rapid in 2017 an increase of 15% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Poland ($20,729 per ton) and China ($20,729 per ton), while the price for New Zealand ($20,729 per ton) and Italy ($20,729 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper Alloy Tube or Pipe Fitting in Australia (FOB) - 2022

In 2022, the average export price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys amounted to $18,368 per ton, dropping by -32.5% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 25% against the previous year. The export price peaked at $27,317 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($25,723 per ton), while the average price for exports to Hong Kong SAR ($9,383 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+9.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Copper Alloy Tube or Pipe Fitting in Australia

In 2022, the amount of tube or pipe fittings, couplings, elbows, sleeves of copper alloys imported into Australia expanded sharply to 6.4K tons, picking up by 5% on the previous year's figure. The total import volume increased at an average annual rate of +2.8% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 12%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, imports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys rose remarkably to $134M in 2022. The total import value increased at an average annual rate of +10.1% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Import of Copper Alloy Tube or Pipe Fitting in Australia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	69.8	65.7	86.6	89.5	8.6%
Poland	5.5	4.6	6.8	7.5	10.9%
Taiwan (Chinese)	3.0	4.0	5.3	7.4	35.1%
United States	4.4	3.3	4.8	4.4	0.0%
Italy	2.5	2.9	3.2	3.8	15.0%
Germany	2.7	3.5	2.1	3.0	3.6%
United Kingdom	1.2	1.6	2.4	2.8	32.6%
New Zealand	2.6	1.5	1.5	2.4	-2.6%
Others	8.3	8.6	10.6	12.6	14.9%
Total	100	95.6	123	134	10.2%

Top Suppliers of Copper Alloy Tube or Pipe Fitting to Australia in 2022:

China (4317.7 tons)
Poland (362.8 tons)
Taiwan (Chinese) (359.1 tons)
United States (213.8 tons)
Italy (184.4 tons)
Germany (145.1 tons)
United Kingdom (136.8 tons)
New Zealand (114.3 tons)

Exports of Copper Alloy Tube or Pipe Fitting in Australia

In 2022, exports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys from Australia skyrocketed to 3.1K tons, growing by 67% compared with the previous year's figure. Overall, exports recorded a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 137%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, exports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys rose rapidly to $57M in 2022. In general, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 136% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Export of Copper Alloy Tube or Pipe Fitting in Australia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	12.2	19.5	47.5	42.4	51.5%
Hong Kong SAR	N/A	N/A	0.4	5.8	1350.0%
Singapore	N/A	0.1	N/A	2.9	438.5%
New Zealand	0.8	0.9	1.4	2.8	51.8%
Malaysia	N/A	N/A	N/A	1.5	0%
Papua New Guinea	0.3	0.6	0.5	0.7	32.6%
Others	0.6	0.4	1.0	1.2	26.0%
Total	14.1	21.6	50.9	57.3	59.6%