Price for Copper Alloy Tube or Pipe Fitting in Belgium - 2023
Contents:
- Price for Copper Alloy Tube or Pipe Fitting in Belgium (CIF) - 2023
- Price for Copper Alloy Tube or Pipe Fitting in Belgium (FOB) - 2023
- Imports of Copper Alloy Tube or Pipe Fitting in Belgium
- Exports of Copper Alloy Tube or Pipe Fitting in Belgium
Price for Copper Alloy Tube or Pipe Fitting in Belgium (CIF) - 2023
The average import price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys stood at $21,239 per ton in December 2023, increasing by 26% against the previous month. Over the period under review, import price indicated tangible growth from December 2022 to December 2023: its price increased at an average monthly rate of +2.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, import price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys increased by +25.6% against November 2023 indices. The growth pace was the most rapid in August 2023 an increase of 129% month-to-month. As a result, import price reached the peak level of $24,373 per ton. From September 2023 to December 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was France ($27,539 per ton), while the price for China ($12,017 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Germany (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Copper Alloy Tube or Pipe Fitting in Belgium (FOB) - 2023
In December 2023, the average export price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys amounted to $44,547 per ton, increasing by 55% against the previous month. Over the period under review, export price indicated pronounced growth from December 2022 to December 2023: its price increased at an average monthly rate of +2.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, export price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys increased by +86.1% against October 2023 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was Switzerland ($73,073 per ton), while the average price for exports to Poland ($20,806 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Luxembourg (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Copper Alloy Tube or Pipe Fitting in Belgium
In 2022, purchases abroad of tube or pipe fittings, couplings, elbows, sleeves of copper alloys decreased by -23.3% to 13K tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +9.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +29.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 53%. As a result, imports attained the peak of 17K tons, and then reduced remarkably in the following year.
In value terms, imports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys reduced to $132M in 2022. The total import value increased at an average annual rate of +10.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 24% against the previous year. As a result, imports attained the peak of $148M, and then contracted in the following year.
| Import of Copper Alloy Tube or Pipe Fitting in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 32.9 | 34.4 | 48.6 | 43.3 | 9.6% |
| Germany | 29.3 | 25.3 | 36.3 | 30.0 | 0.8% |
| France | 15.8 | 29.8 | 21.4 | 14.2 | -3.5% |
| China | 4.8 | 7.2 | 8.4 | 11.6 | 34.2% |
| Netherlands | 5.4 | 5.8 | 5.9 | 6.8 | 8.0% |
| Poland | 1.8 | 2.5 | 5.9 | 3.5 | 24.8% |
| Spain | 1.0 | 1.0 | 2.1 | 2.1 | 28.1% |
| Others | 7.1 | 13.7 | 19.8 | 20.6 | 42.6% |
| Total | 98.1 | 120 | 148 | 132 | 10.4% |
Top Suppliers of Copper Alloy Tube or Pipe Fitting to Belgium in 2022:
- Italy (6.2K tons)
- Germany (2.1K tons)
- France (1.2K tons)
- China (1.1K tons)
- Netherlands (0.5K tons)
- Poland (0.5K tons)
- Spain (0.4K tons)
Exports of Copper Alloy Tube or Pipe Fitting in Belgium
In 2022, shipments abroad of tube or pipe fittings, couplings, elbows, sleeves of copper alloys decreased by -2.1% to 2.3K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +19.3% 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 +70.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 61%.
In value terms, exports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys fell modestly to $73M in 2022. In general, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 70%.
| Export of Copper Alloy Tube or Pipe Fitting in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 10.3 | 12.0 | 15.3 | 16.9 | 17.9% |
| France | 6.7 | 9.9 | 12.9 | 14.4 | 29.1% |
| Germany | 1.7 | 3.2 | 4.2 | 4.5 | 38.3% |
| United Kingdom | 0.7 | 1.8 | 3.2 | 3.6 | 72.6% |
| Switzerland | 0.3 | 2.0 | 3.1 | 3.2 | 120.1% |
| United States | 0.5 | 2.1 | 2.7 | 2.9 | 79.7% |
| Poland | 2.0 | 2.0 | 2.5 | 2.5 | 7.7% |
| Italy | 1.0 | 2.0 | 2.8 | 2.4 | 33.9% |
| Austria | 0.5 | 1.5 | 2.2 | 2.3 | 66.3% |
| Luxembourg | 1.3 | 1.7 | 2.5 | 2.2 | 19.2% |
| Spain | 0.4 | 1.8 | 2.4 | 2.2 | 76.5% |
| Australia | 0.1 | 0.9 | 0.7 | 1.5 | 146.6% |
| Hungary | 1.3 | 1.4 | 1.6 | 1.2 | -2.6% |
| Others | 7.1 | 15.3 | 16.6 | 12.8 | 21.7% |
| Total | 33.9 | 57.5 | 72.9 | 72.8 | 29.0% |
Top Export Markets for Copper Alloy Tube or Pipe Fitting from Belgium in 2022:
- France (648.0 tons)
- Netherlands (441.4 tons)
- Luxembourg (188.9 tons)
- Poland (123.1 tons)
- Germany (109.1 tons)
- Spain (93.0 tons)
- United Kingdom (65.9 tons)
- United States (58.9 tons)
- Austria (56.6 tons)
- Italy (55.7 tons)
- Australia (51.1 tons)
- Hungary (42.0 tons)
- Switzerland (39.4 tons)
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This report provides an in-depth analysis of the market for copper pipe and fitting in Belgium.
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This report provides an in-depth analysis of the global market for copper pipe and fitting.
