Price for Copper Alloy Tube or Pipe Fitting in Ghana - 2022
Contents:
- Price for Copper Alloy Tube or Pipe Fitting in Ghana (CIF) - 2022
- Price for Copper Alloy Tube or Pipe Fitting in Ghana (FOB) - 2022
- Imports of Copper Alloy Tube or Pipe Fitting in Ghana
- Exports of Copper Alloy Tube or Pipe Fitting in Ghana
Price for Copper Alloy Tube or Pipe Fitting in Ghana (CIF) - 2022
In 2022, the average import price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys amounted to $10,712 per ton, dropping by -4.3% against the previous year. Over the period under review, the import price, however, continues to indicate a mild expansion. The pace of growth was the most pronounced in 2018 when the average import price increased by 116%. As a result, import price reached the peak level of $21,167 per ton. From 2019 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($24,948 per ton), while the price for India ($3,014 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+30.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Copper Alloy Tube or Pipe Fitting in Ghana (FOB) - 2022
The average export price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys stood at $7,006 per ton in 2022, reducing by -6.2% against the previous year. Overall, the export price, however, enjoyed a moderate increase. The most prominent rate of growth was recorded in 2019 an increase of 147% against the previous year. Over the period under review, the average export prices attained the maximum at $9,975 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($12,175 per ton), while the average price for exports to Sierra Leone ($1,289 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 Belgium (+12.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Copper Alloy Tube or Pipe Fitting in Ghana
Imports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys into Ghana surged to 198 tons in 2022, picking up by 436% compared with the previous year's figure. Over the period under review, imports showed significant growth. As a result, imports attained the peak 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 soared to $2.1M in 2022. In general, imports recorded a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Copper Alloy Tube or Pipe Fitting in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 190 | 126 | 33.4 | 477 | 35.9% |
| United Arab Emirates | 8.3 | 160 | 30.2 | 226 | 200.8% |
| United Kingdom | 171 | 83.1 | 11.9 | 175 | 0.8% |
| Portugal | 0.8 | 1.1 | 0.7 | 143 | 463.3% |
| Italy | 126 | 156 | 61.7 | 110 | -4.4% |
| India | 1.2 | 12.8 | 10.0 | 96.4 | 331.5% |
| South Africa | 32.0 | 10.6 | 1.6 | 45.9 | 12.8% |
| Denmark | 37.8 | 611 | 228 | 2.8 | -58.0% |
| Israel | 479 | 30.5 | 3.0 | 2.6 | -82.4% |
| Others | 279 | 214 | 34.0 | 847 | 44.8% |
| Total | 1,325 | 1,405 | 414 | 2,126 | 17.1% |
Top Suppliers of Copper Alloy Tube or Pipe Fitting to Ghana in 2022:
- United Arab Emirates (72.3 tons)
- India (32.0 tons)
- Portugal (26.9 tons)
- China (19.1 tons)
- United Kingdom (14.7 tons)
- Italy (7.5 tons)
- South Africa (4.7 tons)
- Israel (0.2 tons)
- Denmark (0.2 tons)
Exports of Copper Alloy Tube or Pipe Fitting in Ghana
In 2022, after three years of growth, there was significant decline in shipments abroad of tube or pipe fittings, couplings, elbows, sleeves of copper alloys, when their volume decreased by -24.2% to 524 kg. Overall, total exports indicated a pronounced expansion from 2019 to 2022: its volume increased at an average annual rate of +2.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 38% against the previous year.
In value terms, exports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys contracted remarkably to $3.7K in 2022. In general, exports saw a perceptible contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 61%. As a result, the exports reached the peak of $6.7K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Copper Alloy Tube or Pipe Fitting in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | N/A | N/A | N/A | 2.5 | 0% |
| Belgium | 0.1 | 0.7 | 1.0 | 0.7 | 91.3% |
| Burkina Faso | 3.5 | 5.7 | 3.8 | 0.2 | -61.5% |
| Cote d'Ivoire | 0.1 | 0.2 | 0.2 | 0.1 | 0.0% |
| Benin | 0.1 | 0.1 | 0.2 | 0.1 | 0.0% |
| New Zealand | 0.3 | N/A | N/A | N/A | 0% |
| Sierra Leone | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | 0.1 | 0% |
| Total | 4.1 | 6.7 | 5.2 | 3.7 | -3.4% |
Top Export Markets for Copper Alloy Tube or Pipe Fitting from Ghana in 2022:
- Egypt (322.0 kg)
- Burkina Faso (66.0 kg)
- Belgium (57.0 kg)
- Sierra Leone (38.0 kg)
- Cote d'Ivoire (26.0 kg)
- Benin (12.0 kg)
470
This report provides an in-depth analysis of the market for copper pipe and fitting in Ghana.
594
This report provides an in-depth analysis of the global market for copper pipe and fitting.
