Price for Copper Alloy Tube or Pipe Fitting in the United States - 2024
Contents:
- Price for Copper Alloy Tube or Pipe Fitting in the United States (CIF) - 2024
- Price for Copper Alloy Tube or Pipe Fitting in the United States (FOB) - 2022
- Imports of Copper Alloy Tube or Pipe Fitting in the United States
- Exports of Copper Alloy Tube or Pipe Fitting in the United States
Price for Copper Alloy Tube or Pipe Fitting in the United States (CIF) - 2024
The average import price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys stood at $18,754 per ton in December 2023, with an increase of 2.3% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 an increase of 9.3% month-to-month. As a result, import price attained the peak level of $20,756 per ton. From April 2023 to December 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Germany ($39,891 per ton), while the price for China ($11,859 per ton) was amongst the lowest.
From February 2023 to December 2023, the most notable rate of growth in terms of prices was attained by Italy (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Copper Alloy Tube or Pipe Fitting in the United States (FOB) - 2022
The average export price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys stood at $26,487 per ton in 2022, rising by 17% against the previous year. Over the period under review, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys increased by +43.6% against 2018 indices. The pace of growth appeared the most rapid in 2021 an increase of 25%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Mexico ($28,239 per ton) and Australia ($28,229 per ton), while the average price for exports to Canada ($21,794 per ton) and Saudi Arabia ($22,028 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Copper Alloy Tube or Pipe Fitting in the United States
In 2022, imports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys into the United States rose sharply to 43K tons, growing by 7.2% against the previous year's figure. The total import volume increased at an average annual rate of +9.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 32%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys skyrocketed to $791M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +14.0% 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 +69.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 45% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Copper Alloy Tube or Pipe Fitting in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 168 | 140 | 213 | 230 | 11.0% |
| Taiwan (Chinese) | 49.4 | 45.1 | 65.2 | 88.1 | 21.3% |
| Australia | 60.9 | 61.8 | 71.6 | 67.1 | 3.3% |
| Mexico | 36.6 | 30.5 | 50.2 | 64.2 | 20.6% |
| Germany | 63.7 | 43.4 | 66.7 | 61.4 | -1.2% |
| Thailand | 25.9 | 26.0 | 36.6 | 47.0 | 22.0% |
| India | 17.9 | 15.2 | 24.5 | 40.4 | 31.2% |
| Italy | 19.7 | 16.0 | 29.3 | 38.5 | 25.0% |
| Vietnam | 10.2 | 12.1 | 22.5 | 31.1 | 45.0% |
| Others | 80.8 | 77.9 | 96.6 | 123 | 15.0% |
| Total | 534 | 468 | 676 | 791 | 14.0% |
Top Suppliers of Copper Alloy Tube or Pipe Fitting to the United States in 2022:
- China (16.5K tons)
- Taiwan (Chinese) (4.8K tons)
- Mexico (3.2K tons)
- Thailand (3.2K tons)
- India (2.7K tons)
- Australia (2.6K tons)
- Vietnam (2.0K tons)
- Germany (2.0K tons)
- Italy (1.3K tons)
Exports of Copper Alloy Tube or Pipe Fitting in the United States
In 2022, the amount of tube or pipe fittings, couplings, elbows, sleeves of copper alloys exported from the United States declined to 9.8K tons, shrinking by -10.9% on 2021. In general, exports recorded a deep contraction. The smallest decline of -2.5% was in 2021.
In value terms, exports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys reached $259M in 2022. The total export value increased at an average annual rate of +2.7% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2021 when exports increased by 22% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.
| Export of Copper Alloy Tube or Pipe Fitting in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 107 | 81.8 | 114 | 132 | 7.2% |
| Canada | 66.9 | 64.6 | 80.1 | 81.1 | 6.6% |
| Australia | 3.6 | 2.7 | 5.0 | 5.6 | 15.9% |
| Saudi Arabia | 24.5 | 22.6 | 11.4 | 0.3 | -77.0% |
| Others | 36.6 | 33.1 | 39.1 | 40.4 | 3.3% |
| Total | 239 | 205 | 249 | 259 | 2.7% |
Top Export Markets for Copper Alloy Tube or Pipe Fitting from the United States in 2022:
- Mexico (4.7K tons)
- Canada (3.7K tons)
- Australia (0.2K tons)
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