Price for Copper Alloy Tube or Pipe Fitting in Saudi Arabia - 2022

Contents:

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

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

In 2021, the average export price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys amounted to $21,212 per ton, growing by 11% against the previous year. In general, the export price continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2016 when the average export price increased by 59%. The export price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($16,349 per ton), while the average price for exports to the United Arab Emirates ($6,604 per ton) was amongst the lowest.

From 2014 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+0.9%), while the prices for the other major destinations experienced a decline.

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

The average import price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys stood at $12,273 per ton in 2021, jumping by 32% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was South Korea ($42,820 per ton), while the price for Germany ($4,703 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Copper Alloy Tube or Pipe Fitting in Saudi Arabia

Exports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys from Saudi Arabia soared to 3.5 tons in 2022, growing by 74% compared with 2021. In general, exports, however, continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2021 when exports increased by 303% against the previous year.

In value terms, exports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys skyrocketed to $76K in 2022. Over the period under review, exports recorded noticeable growth. The most prominent rate of growth was recorded in 2021 with an increase of 348%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the near future.

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

1. Bahrain (15.2 tons)
2. Jordan (12.5 tons)
3. Egypt (3.3 tons)
4. Italy (1.5 tons)
5. United Arab Emirates (1.1 tons)

Imports of Copper Alloy Tube or Pipe Fitting in Saudi Arabia

In 2021, the amount of tube or pipe fittings, couplings, elbows, sleeves of copper alloys imported into Saudi Arabia dropped remarkably to 1K tons, with a decrease of -29.6% against 2020. Over the period under review, imports showed a deep downturn. The smallest decline of -3.9% was in 2020.

In value terms, imports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys declined to $12M in 2021. In general, imports continue to indicate a deep downturn.

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

1. China (690.8 tons)
2. Germany (140.5 tons)
3. India (113.6 tons)
4. Egypt (25.6 tons)
5. South Korea (18.5 tons)
6. United States (17.8 tons)
7. Italy (13.4 tons)
8. United Kingdom (12.7 tons)

Source: IndexBox Market Intelligence Platform