Price for Copper Alloy Tube or Pipe Fitting in the UK - 2024
Contents:
- Price for Copper Alloy Tube or Pipe Fitting in the UK (CIF) - 2024
- Price for Copper Alloy Tube or Pipe Fitting in the UK (FOB) - 2022
- Imports of Copper Alloy Tube or Pipe Fitting in the UK
- Exports of Copper Alloy Tube or Pipe Fitting in the UK
Price for Copper Alloy Tube or Pipe Fitting in the UK (CIF) - 2024
In December 2023, the average import price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys amounted to $21,333 per ton, rising by 4.5% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 an increase of 17% m-o-m. Over the period under review, average import prices hit record highs at $22,845 per ton in January 2023; however, from February 2023 to December 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was France ($48,327 per ton), while the price for China ($13,800 per ton) was amongst the lowest.
From January 2023 to December 2023, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Copper Alloy Tube or Pipe Fitting in the UK (FOB) - 2022
The average export price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys stood at $19,944 per ton in 2022, with a decrease of -4.2% against the previous year. Over the period under review, the export price, however, enjoyed tangible growth. The most prominent rate of growth was recorded in 2018 an increase of 59% against the previous year. The export price peaked at $20,813 per ton in 2021, and then dropped in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($37,696 per ton), while the average price for exports to France ($7,203 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 the Czech Republic (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Copper Alloy Tube or Pipe Fitting in the UK
Imports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys into the UK fell significantly to 6.9K tons in 2022, reducing by -25% compared with the previous year's figure. Overall, imports showed a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 33% against the previous year. As a result, imports reached the peak of 9.2K tons, and then shrank significantly in the following year.
In value terms, imports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys contracted to $125M in 2022. The total import value increased at an average annual rate of +1.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 46% against the previous year. As a result, imports reached the peak of $142M, and then contracted in the following year.
| Import of Copper Alloy Tube or Pipe Fitting in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 43.2 | 33.6 | 51.5 | 47.7 | 3.4% |
| Germany | 22.9 | 24.3 | 29.6 | 18.8 | -6.4% |
| Italy | 13.8 | 12.1 | 23.0 | 18.4 | 10.1% |
| Hungary | 12.7 | 7.7 | 12.4 | 9.6 | -8.9% |
| Hong Kong SAR | 1.0 | 0.2 | 3.6 | 3.9 | 57.4% |
| France | 0.5 | 0.8 | 0.6 | 3.5 | 91.3% |
| Turkey | 2.2 | 2.0 | 2.9 | 2.2 | 0.0% |
| India | 3.3 | 1.6 | 2.5 | 1.7 | -19.8% |
| Poland | 2.6 | 1.6 | 1.4 | 1.1 | -24.9% |
| Slovakia | 3.2 | 2.3 | 1.8 | 0.1 | -68.5% |
| Others | 13.9 | 10.8 | 12.6 | 17.4 | 7.8% |
| Total | 119 | 97.1 | 142 | 125 | 1.7% |
Top Suppliers of Copper Alloy Tube or Pipe Fitting to the UK in 2022:
- China (3531.8 tons)
- Italy (872.0 tons)
- Germany (698.2 tons)
- Hungary (378.0 tons)
- Hong Kong SAR (263.8 tons)
- France (160.5 tons)
- India (136.9 tons)
- Turkey (112.9 tons)
- Poland (61.5 tons)
- Slovakia (1.7 tons)
Exports of Copper Alloy Tube or Pipe Fitting in the UK
In 2022, the amount of tube or pipe fittings, couplings, elbows, sleeves of copper alloys exported from the UK declined to 3.3K tons, waning by -13.3% against the previous year's figure. Overall, exports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2021 when exports increased by 30% against the previous year.
In value terms, exports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys contracted sharply to $66M in 2022. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 40% against the previous year. As a result, the exports reached the peak of $79M, and then fell markedly in the following year.
| Export of Copper Alloy Tube or Pipe Fitting in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 6.4 | 5.2 | 7.3 | 6.3 | -0.5% |
| China | 7.3 | 4.7 | 8.0 | 5.6 | -8.5% |
| Mexico | 7.1 | 3.0 | 7.8 | 5.3 | -9.3% |
| Netherlands | 3.1 | 3.4 | 4.6 | 4.2 | 10.7% |
| United States | 2.5 | 5.0 | 3.5 | 4.0 | 17.0% |
| Czech Republic | 5.3 | 4.2 | 5.3 | 3.9 | -9.7% |
| France | 3.5 | 3.0 | 3.6 | 3.3 | -1.9% |
| Germany | 4.0 | 6.2 | 4.3 | 2.7 | -12.3% |
| United Arab Emirates | 4.4 | 3.0 | 3.5 | 2.6 | -16.1% |
| Denmark | 0.7 | 0.6 | 2.8 | 2.6 | 54.9% |
| Australia | 1.7 | 1.3 | 2.3 | 2.2 | 9.0% |
| Italy | 2.1 | 2.5 | 3.4 | 2.1 | 0.0% |
| Hungary | 1.3 | 1.1 | 0.9 | 1.7 | 9.4% |
| Others | 16.7 | 13.3 | 21.7 | 19.2 | 4.8% |
| Total | 66.0 | 56.5 | 79.1 | 65.7 | -0.2% |
Top Export Markets for Copper Alloy Tube or Pipe Fitting from the UK in 2022:
- France (463.5 tons)
- China (302.1 tons)
- Ireland (294.3 tons)
- Mexico (214.5 tons)
- Netherlands (209.6 tons)
- United Arab Emirates (182.1 tons)
- Denmark (160.8 tons)
- Czech Republic (149.6 tons)
- United States (105.8 tons)
- Italy (101.3 tons)
- Germany (90.0 tons)
- Australia (86.1 tons)
- Hungary (69.1 tons)
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This report provides an in-depth analysis of the market for copper pipe and fitting in the UK.
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This report provides an in-depth analysis of the global market for copper pipe and fitting.
