Price for Copper Alloy Tube or Pipe Fitting in Spain - 2023
Contents:
- Price for Copper Alloy Tube or Pipe Fitting in Spain (CIF) - 2022
- Price for Copper Alloy Tube or Pipe Fitting in Spain (FOB) - 2023
- Imports of Copper Alloy Tube or Pipe Fitting in Spain
- Exports of Copper Alloy Tube or Pipe Fitting in Spain
Price for Copper Alloy Tube or Pipe Fitting in Spain (CIF) - 2022
In 2022, the average import price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys amounted to $13,879 per ton, increasing by 10% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 41%. The import price peaked at $14,320 per ton in 2013; however, from 2014 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 France ($21,193 per ton), while the price for Austria ($2,910 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Copper Alloy Tube or Pipe Fitting in Spain (FOB) - 2023
In December 2023, the average export price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys amounted to $14,167 per ton, waning by -2.1% against the previous month. Overall, the export price continues to indicate a mild reduction. The growth pace was the most rapid in May 2023 an increase of 25% month-to-month. Over the period under review, the average export prices hit record highs at $18,804 per ton in October 2023; however, from November 2023 to December 2023, the export prices remained at a 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 Austria ($31,977 per ton), while the average price for exports to Poland ($6,290 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 Austria (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Copper Alloy Tube or Pipe Fitting in Spain
In 2022, imports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys into Spain dropped sharply to 9.4K tons, waning by -15.7% against 2021 figures. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 31% against the previous year. As a result, imports attained the peak of 11K tons, and then dropped notably in the following year.
In value terms, imports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys shrank to $130M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +8.2% 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 +48.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 59%. As a result, imports reached the peak of $140M, and then fell in the following year.
| Import of Copper Alloy Tube or Pipe Fitting in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 53.2 | 45.8 | 87.4 | 77.7 | 13.5% |
| Italy | 21.3 | 19.4 | 26.0 | 25.5 | 6.2% |
| Germany | 9.5 | 8.8 | 10.0 | 10.5 | 3.4% |
| Poland | 5.4 | 4.7 | 5.7 | 5.7 | 1.8% |
| France | 3.9 | 2.2 | 2.3 | 2.6 | -12.6% |
| Austria | 0.5 | N/A | 0.3 | 0.5 | 0.0% |
| Others | 9.0 | 7.1 | 8.4 | 7.9 | -4.3% |
| Total | 103 | 88.1 | 140 | 130 | 8.1% |
Top Suppliers of Copper Alloy Tube or Pipe Fitting to Spain in 2022:
- China (6.0K tons)
- Italy (1.6K tons)
- Poland (0.6K tons)
- Germany (0.6K tons)
- Austria (0.2K tons)
- France (0.1K tons)
Exports of Copper Alloy Tube or Pipe Fitting in Spain
In 2022, the amount of tube or pipe fittings, couplings, elbows, sleeves of copper alloys exported from Spain dropped to 4.2K tons, waning by -7.1% on 2021 figures. The total export volume increased at an average annual rate of +2.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 when exports increased by 21% against the previous year. As a result, the exports reached the peak of 4.5K tons, and then contracted in the following year.
In value terms, exports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys shrank to $68M in 2022. The total export value increased at an average annual rate of +8.2% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 40%. As a result, the exports attained the peak of $73M, and then shrank in the following year.
| Export of Copper Alloy Tube or Pipe Fitting in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 15.7 | 15.6 | 22.2 | 21.1 | 10.4% |
| Portugal | 11.8 | 11.7 | 14.0 | 15.8 | 10.2% |
| Germany | 7.0 | 6.2 | 10.6 | 8.2 | 5.4% |
| Austria | 3.4 | 3.4 | 5.0 | 4.6 | 10.6% |
| Poland | 4.4 | 3.3 | 4.6 | 3.5 | -7.3% |
| Belgium | 1.5 | 1.8 | 2.7 | 2.5 | 18.6% |
| Morocco | 2.0 | 2.0 | 3.3 | 2.3 | 4.8% |
| Italy | 0.4 | 0.4 | 0.8 | 1.2 | 44.2% |
| Romania | 1.0 | 0.9 | 1.2 | 0.9 | -3.5% |
| Hungary | 1.0 | 0.9 | 1.2 | 0.9 | -3.5% |
| Others | 5.6 | 5.8 | 7.4 | 7.2 | 8.7% |
| Total | 54.0 | 52.0 | 73.0 | 68.4 | 8.2% |
Top Export Markets for Copper Alloy Tube or Pipe Fitting from Spain in 2022:
- Portugal (1231.7 tons)
- France (1180.3 tons)
- Germany (365.2 tons)
- Poland (260.9 tons)
- Austria (208.7 tons)
- Belgium (176.9 tons)
- Morocco (159.9 tons)
- Italy (76.6 tons)
- Hungary (66.7 tons)
- Romania (61.0 tons)
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This report provides an in-depth analysis of the market for copper pipe and fitting in Spain.
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This report provides an in-depth analysis of the global market for copper pipe and fitting.
