Price for Copper Alloy Tube or Pipe Fitting in Italy - 2023

Contents:

1. Price for Copper Alloy Tube or Pipe Fitting in Italy (FOB) - 2023
2. Price for Copper Alloy Tube or Pipe Fitting in Italy (CIF) - 2022
3. Exports of Copper Alloy Tube or Pipe Fitting in Italy
4. Imports of Copper Alloy Tube or Pipe Fitting in Italy

Price for Copper Alloy Tube or Pipe Fitting in Italy (FOB) - 2023

The average export price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys stood at $23,357 per ton in December 2023, picking up by 2.2% against the previous month. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 11% m-o-m. The export price peaked at $24,711 per ton in August 2023; however, from September 2023 to December 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was Serbia ($36,287 per ton), while the average price for exports to Jordan ($12,009 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 Serbia (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys amounted to $17,806 per ton, surging by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 16% against the previous year. As a result, import price attained the peak level of $17,866 per ton. From 2015 to 2022, the average import prices remained at a somewhat 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 Germany ($27,133 per ton), while the price for Turkey ($10,225 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Copper Alloy Tube or Pipe Fitting in Italy

Exports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys from Italy dropped to 43K tons in 2022, which is down by -4.2% compared with 2021. The total export volume increased at an average annual rate of +3.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 22% against the previous year. As a result, the exports attained the peak of 45K tons, and then contracted slightly in the following year.

In value terms, exports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys totaled $883M in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +11.1% 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 +39.0% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 36% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

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

1. Germany (10.5K tons)
2. France (4.1K tons)
3. Russia (3.7K tons)
4. Belgium (2.3K tons)
5. Israel (2.0K tons)
6. Czech Republic (1.4K tons)
7. Spain (1.4K tons)
8. Poland (1.2K tons)
9. Netherlands (1.1K tons)
10. United States (1.1K tons)
11. Romania (0.9K tons)
12. Austria (0.9K tons)
13. Bulgaria (0.9K tons)

Imports of Copper Alloy Tube or Pipe Fitting in Italy

After three years of growth, supplies from abroad of tube or pipe fittings, couplings, elbows, sleeves of copper alloys decreased by -8.6% to 6.9K tons in 2022. Overall, total imports indicated a strong increase 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 +29.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 41%. As a result, imports reached the peak of 7.6K tons, and then shrank in the following year.

In value terms, imports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys expanded to $124M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +13.8% 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 +52.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 50%. Imports peaked in 2022 and are expected to retain growth in the near future.

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

1. China (2145.1 tons)
2. Germany (1698.0 tons)
3. Turkey (1177.7 tons)
4. Poland (921.6 tons)
5. France (192.5 tons)
6. Czech Republic (145.0 tons)
7. India (113.1 tons)

Source: IndexBox Market Intelligence Platform