Price for Copper Alloy Tube or Pipe Fitting in Colombia - 2022
Contents:
- Price for Copper Alloy Tube or Pipe Fitting in Colombia (CIF) - 2022
- Price for Copper Alloy Tube or Pipe Fitting in Colombia (FOB) - 2022
- Imports of Copper Alloy Tube or Pipe Fitting in Colombia
- Exports of Copper Alloy Tube or Pipe Fitting in Colombia
Price for Copper Alloy Tube or Pipe Fitting in Colombia (CIF) - 2022
In February 2022, the average import price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys amounted to $13,562 per ton, with an increase of 17% against the previous month. Over the last twelve months, it increased at an average monthly rate of +3.6%. The pace of growth appeared the most rapid in June 2021 when the average import price increased by 29% month-to-month. As a result, import price reached the peak level of $14,249 per ton. From July 2021 to February 2022, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Argentina ($152K per ton), while the price for China ($11,033 per ton) was amongst the lowest.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by Italy (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Copper Alloy Tube or Pipe Fitting in Colombia (FOB) - 2022
The average export price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys stood at $31,625 per ton in 2022, jumping by 53% against the previous year. In general, the export price showed a measured expansion. The growth pace was the most rapid in 2015 an increase of 110% against the previous year. As a result, the export price reached the peak level of $37,049 per ton. From 2016 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($61,842 per ton), while the average price for exports to Ecuador ($22,339 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 Indonesia (+27.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Copper Alloy Tube or Pipe Fitting in Colombia
In 2022, approx. 843 tons of tube or pipe fittings, couplings, elbows, sleeves of copper alloys were imported into Colombia; picking up by 4.1% on the previous year. The total import volume increased at an average annual rate of +2.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 38% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys totaled $10M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +8.4% 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 +70.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 57%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Copper Alloy Tube or Pipe Fitting in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.6 | 4.1 | 6.0 | 7.6 | 10.7% |
| United States | 0.7 | 0.5 | 0.7 | 1.0 | 12.6% |
| Argentina | 0.2 | 0.2 | 0.3 | 0.5 | 35.7% |
| Italy | 0.8 | 0.5 | 1.3 | 0.3 | -27.9% |
| Others | 0.9 | 0.7 | 1.2 | 0.9 | 0.0% |
| Total | 8.1 | 6.0 | 9.5 | 10.3 | 8.3% |
Top Suppliers of Copper Alloy Tube or Pipe Fitting to Colombia in 2022:
- China (733.7 tons)
- United States (38.1 tons)
- Argentina (31.1 tons)
- Italy (14.5 tons)
Exports of Copper Alloy Tube or Pipe Fitting in Colombia
In 2022, the amount of tube or pipe fittings, couplings, elbows, sleeves of copper alloys exported from Colombia declined significantly to 11 tons, shrinking by -41.9% compared with 2021 figures. Over the period under review, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. As a result, the exports attained the peak of 19 tons, and then reduced sharply in the following year.
In value terms, exports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys dropped to $352K in 2022. Overall, exports continue to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 42%.
| Export of Copper Alloy Tube or Pipe Fitting in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 14.9 | 7.5 | 46.4 | 116 | 98.2% |
| Indonesia | N/A | 17.9 | N/A | 68.0 | 94.9% |
| Ecuador | 196 | 109 | 214 | 61.6 | -32.0% |
| Panama | 80.3 | 42.8 | N/A | 30.9 | -27.3% |
| United States | 18.2 | 3.0 | 36.5 | 27.7 | 15.0% |
| Guatemala | 12.1 | 13.7 | 16.4 | 23.5 | 24.8% |
| Argentina | 4.8 | 20.4 | 14.6 | 15.2 | 46.8% |
| Dominican Republic | 3.4 | 16.3 | 0.3 | 0.1 | -69.1% |
| Others | 71.9 | 48.0 | 68.1 | 8.8 | -50.4% |
| Total | 402 | 278 | 396 | 352 | -4.3% |
Top Export Markets for Copper Alloy Tube or Pipe Fitting from Colombia in 2022:
- Peru (4.7 tons)
- Ecuador (2.8 tons)
- Indonesia (1.1 tons)
- United States (0.9 tons)
- Panama (0.6 tons)
- Guatemala (0.5 tons)
- Argentina (0.3 tons)
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This report provides an in-depth analysis of the market for copper pipe and fitting in Colombia.
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This report provides an in-depth analysis of the global market for copper pipe and fitting.
