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

Price for Copper Alloy Tube or Pipe Fitting in Lithuania (CIF) - 2023

The average import price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys stood at $18,642 per ton in December 2023, with an increase of 28% against the previous month. In general, the import price recorded a slight increase. The import price peaked at $20,078 per ton in February 2023; however, from March 2023 to December 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($33,178 per ton), while the price for China ($14,286 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 Estonia (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In December 2023, the average export price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys amounted to $60,257 per ton, growing by 140% against the previous month. Over the period under review, the export price showed a resilient expansion. 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 foreign markets. In December 2023, the country with the highest price was Armenia ($495K per ton), while the average price for exports to Russia ($16,370 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 Armenia (+20.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Alloy Tube or Pipe Fitting in Lithuania

In 2022, after three years of growth, there was significant decline in overseas purchases of tube or pipe fittings, couplings, elbows, sleeves of copper alloys, when their volume decreased by -9.2% to 1.1K tons. The total import volume increased at an average annual rate of +2.0% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 13% against the previous year. As a result, imports attained the peak of 1.2K tons, and then fell in the following year.

In value terms, imports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys expanded to $18M in 2022. The total import value increased at an average annual rate of +9.2% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 22% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in the near future.

Import of Copper Alloy Tube or Pipe Fitting in Lithuania (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	6.0	6.0	7.7	7.1	5.8%
Poland	1.2	1.3	2.3	2.8	32.6%
Germany	1.7	1.8	1.8	2.3	10.6%
Estonia	1.2	1.7	1.8	1.6	10.1%
Turkey	1.0	0.6	1.1	1.2	6.3%
Latvia	0.5	0.6	0.6	0.8	17.0%
France	0.1	0.2	0.3	0.7	91.3%
China	0.5	0.4	0.7	0.4	-7.2%
Others	1.5	1.6	1.2	1.1	-9.8%
Total	13.7	14.3	17.4	17.9	9.3%

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

Italy (448.9 tons)
Poland (255.0 tons)
Germany (99.8 tons)
Estonia (84.9 tons)
Turkey (63.9 tons)
Latvia (53.0 tons)
France (35.6 tons)
China (29.0 tons)

Exports of Copper Alloy Tube or Pipe Fitting in Lithuania

In 2022, approx. 208 tons of tube or pipe fittings, couplings, elbows, sleeves of copper alloys were exported from Lithuania; surging by 6.6% against the year before. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 11%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys expanded to $4.6M in 2022. The total export value increased at an average annual rate of +6.1% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 27% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Export of Copper Alloy Tube or Pipe Fitting in Lithuania (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Russia	2,240	2,122	2,448	2,123	-1.8%
Netherlands	N/A	88.9	713	481	132.6%
Latvia	267	267	344	348	9.2%
Kazakhstan	85.1	61.7	84.5	343	59.1%
Moldova	N/A	0.1	0.7	289	5275.9%
Estonia	122	178	191	243	25.8%
Uzbekistan	36.1	64.2	113	185	72.4%
Poland	632	108	139	132	-40.7%
Belarus	263	393	190	130	-20.9%
Others	215	215	230	330	15.4%
Total	3,860	3,498	4,454	4,606	6.1%