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

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

The average import price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys stood at $20,961 per ton in 2022, increasing by 34% against the previous year. Over the period under review, the import price showed a prominent increase. The most prominent rate of growth was recorded in 2015 when the average import price increased by 57% against the previous year. Over the period under review, average import prices reached the peak figure at $20,995 per ton in 2019; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($54,833 per ton), while the price for Russia ($13,840 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+20.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys amounted to $14,357 per ton, jumping by 24% against the previous year. In general, the export price showed a prominent increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 33% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to +10.6% per year.

Imports of Copper Alloy Tube or Pipe Fitting in Azerbaijan

Imports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys into Azerbaijan dropped slightly to 53 tons in 2022, waning by -2.4% on the previous year. The total import volume increased at an average annual rate of +1.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 9.1%. As a result, imports reached the peak of 55 tons, and then dropped modestly in the following year.

In value terms, imports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys soared to $1.1M in 2022. The total import value increased at an average annual rate of +1.3% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Copper Alloy Tube or Pipe Fitting in Azerbaijan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Turkey	208	196	215	275	9.8%
Italy	349	212	181	254	-10.0%
China	133	194	108	203	15.1%
Germany	125	76.2	128	195	16.0%
United Kingdom	129	35.5	46.2	51.1	-26.6%
Russia	15.5	16.7	40.5	25.3	17.7%
Ukraine	N/A	0.4	84.3	N/A	20975.0%
Others	116	151	53.0	114	-0.6%
Total	1,074	883	856	1,117	1.3%

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

Turkey (18.8 tons)
Italy (14.6 tons)
China (11.4 tons)
Germany (4.1 tons)
Russia (1.8 tons)
United Kingdom (0.6 tons)

Exports of Copper Alloy Tube or Pipe Fitting in Azerbaijan

After three years of growth, shipments abroad of tube or pipe fittings, couplings, elbows, sleeves of copper alloys decreased by -46.2% to 26 tons in 2022. In general, exports, however, recorded prominent growth. The growth pace was the most rapid in 2021 with an increase of 130% against the previous year. As a result, the exports reached the peak of 49 tons, and then contracted sharply in the following year.

In value terms, exports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys shrank dramatically to $380K in 2022. Over the period under review, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 206%. As a result, the exports attained the peak of $572K, and then fell dramatically in the following year.