Price for Copper Alloy Tube or Pipe Fitting in Morocco - 2023
Contents:
- Price for Copper Alloy Tube or Pipe Fitting in Morocco (CIF) - 2023
- Price for Copper Alloy Tube or Pipe Fitting in Morocco (FOB) - 2022
- Imports of Copper Alloy Tube or Pipe Fitting in Morocco
- Exports of Copper Alloy Tube or Pipe Fitting in Morocco
Price for Copper Alloy Tube or Pipe Fitting in Morocco (CIF) - 2023
The average import price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys stood at $15,680 per ton in June 2023, picking up by 11% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.3%. The growth pace was the most rapid in December 2022 when the average import price increased by 40% m-o-m. The import price peaked at $18,771 per ton in April 2023; however, from May 2023 to June 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($45,418 per ton), while the price for China ($10,527 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Spain (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Copper Alloy Tube or Pipe Fitting in Morocco (FOB) - 2022
The average export price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys stood at $16,137 per ton in 2022, with an increase of 70% against the previous year. In general, the export price, however, recorded a pronounced slump. The most prominent rate of growth was recorded in 2018 an increase of 295% against the previous year. Over the period under review, the average export prices reached the peak figure at $24,636 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Guinea ($18,657 per ton), while the average price for exports to Burkina Faso ($4,795 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 Benin (+30.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Copper Alloy Tube or Pipe Fitting in Morocco
In 2022, overseas purchases of tube or pipe fittings, couplings, elbows, sleeves of copper alloys decreased by -28.8% to 1.1K tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated a noticeable increase from 2019 to 2022: its volume increased at an average annual rate of +3.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 39%. As a result, imports attained the peak of 1.5K tons, and then declined rapidly in the following year.
In value terms, imports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys contracted rapidly to $14M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +10.0% 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 +33.3% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 39% against the previous year. As a result, imports reached the peak of $17M, and then shrank notably in the following year.
| Import of Copper Alloy Tube or Pipe Fitting in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 4.4 | 5.0 | 6.9 | 5.1 | 5.0% |
| China | 2.3 | 3.0 | 4.5 | 4.0 | 20.3% |
| Spain | 2.2 | 2.5 | 3.6 | 3.0 | 10.9% |
| Turkey | 0.2 | 0.4 | 0.7 | 1.2 | 81.7% |
| Others | 1.6 | 1.4 | 1.3 | 1.1 | -11.7% |
| Total | 10.7 | 12.2 | 17.0 | 14.3 | 10.1% |
Top Suppliers of Copper Alloy Tube or Pipe Fitting to Morocco in 2022:
- China (420.7 tons)
- Italy (325.2 tons)
- Spain (191.1 tons)
- Turkey (93.1 tons)
Exports of Copper Alloy Tube or Pipe Fitting in Morocco
In 2022, exports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys from Morocco declined to 6.9 tons, waning by -6.4% against the previous year. In general, exports faced a abrupt setback. The growth pace was the most rapid in 2021 when exports increased by 47%.
In value terms, exports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys skyrocketed to $111K in 2022. Overall, exports showed a drastic downturn.
| Export of Copper Alloy Tube or Pipe Fitting in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Benin | 0.1 | 0.5 | 7.9 | 66.1 | 771.1% |
| Guinea | 2.1 | 0.3 | 14.1 | 12.5 | 81.2% |
| Mauritania | 11.3 | 5.4 | 15.5 | 10.2 | -3.4% |
| Cote d'Ivoire | 12.3 | 15.9 | 6.4 | 5.2 | -24.9% |
| France | 3.1 | 1.7 | 1.1 | 4.4 | 12.4% |
| Senegal | 1.5 | 1.4 | 3.6 | 4.1 | 39.8% |
| Burkina Faso | 1.2 | 2.3 | 1.4 | 1.4 | 5.3% |
| Turkey | N/A | N/A | N/A | 1.2 | 0% |
| Mali | N/A | 0.9 | 9.0 | 0.8 | -5.7% |
| Madagascar | 1.6 | 42.3 | N/A | 0.7 | -24.1% |
| Spain | 81.1 | N/A | 3.1 | N/A | -80.4% |
| Cameroon | 7.1 | 6.3 | N/A | N/A | -11.3% |
| United Kingdom | N/A | N/A | 1.1 | N/A | 0% |
| Others | 8.4 | 7.8 | 6.3 | 3.9 | -22.6% |
| Total | 130 | 84.8 | 69.4 | 111 | -5.1% |
Top Export Markets for Copper Alloy Tube or Pipe Fitting from Morocco in 2022:
- Benin (3581.0 kg)
- Mauritania (875.0 kg)
- Guinea (670.0 kg)
- Cote d'Ivoire (487.0 kg)
- France (378.0 kg)
- Burkina Faso (298.0 kg)
- Turkey (201.0 kg)
- Senegal (167.0 kg)
- Madagascar (40.0 kg)
- Mali (35.0 kg)
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This report provides an in-depth analysis of the market for copper pipe and fitting in Morocco.
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This report provides an in-depth analysis of the global market for copper pipe and fitting.
