Price for Copper Alloy Tube or Pipe Fitting in Iran - 2022

Contents:

1. Price for Copper Alloy Tube or Pipe Fitting in Iran (FOB) - 2022
2. Price for Copper Alloy Tube or Pipe Fitting in Iran (CIF) - 2022
3. Exports of Copper Alloy Tube or Pipe Fitting in Iran
4. Imports of Copper Alloy Tube or Pipe Fitting in Iran

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

In 2022, the average export price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys amounted to $9,020 per ton, increasing by 6.6% against the previous year. Overall, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys increased by +41.6% against 2018 indices. The pace of growth was the most pronounced in 2013 when the average export price increased by 108%. The export price peaked at $10,491 per ton in 2016; however, from 2017 to 2022, the export prices remained at a 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 the United Arab Emirates ($14,039 per ton), while the average price for exports to Turkey ($7,543 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 Kazakhstan (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys stood at $5,905 per ton in 2022, dropping by -35.2% against the previous year. Overall, the import price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 39%. Over the period under review, average import prices hit record highs at $13,456 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 the United Arab Emirates ($54,799 per ton), while the price for China ($4,236 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Copper Alloy Tube or Pipe Fitting in Iran

In 2022, shipments abroad of tube or pipe fittings, couplings, elbows, sleeves of copper alloys decreased by -0.4% to 336 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, saw significant growth. The growth pace was the most rapid in 2020 with an increase of 127% against the previous year.

In value terms, exports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys rose sharply to $3M in 2022. In general, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2020 when exports increased by 116% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Copper Alloy Tube or Pipe Fitting from Iran in 2022:

1. Kazakhstan (262.1 tons)
2. Turkey (61.0 tons)
3. Georgia (3.3 tons)

Imports of Copper Alloy Tube or Pipe Fitting in Iran

In 2022, purchases abroad of tube or pipe fittings, couplings, elbows, sleeves of copper alloys was finally on the rise to reach 257 tons after two years of decline. Overall, total imports indicated a measured increase from 2019 to 2022: its volume increased at an average annual rate of +4.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached 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 $1.5M in 2022. In general, imports, however, saw a abrupt downturn.

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

1. China (230.7 tons)
2. Turkey (18.9 tons)

Source: IndexBox Market Intelligence Platform