Price for Copper Tube or Pipe Fitting in Austria - 2023

Contents:

1. Price for Copper Tube or Pipe Fitting in Austria (CIF) - 2023
2. Price for Copper Tube or Pipe Fitting in Austria (FOB) - 2022
3. Imports of Copper Tube or Pipe Fitting in Austria
4. Exports of Copper Tube or Pipe Fitting in Austria

Price for Copper Tube or Pipe Fitting in Austria (CIF) - 2023

The average import price for tube or pipe fittings, couplings, elbows, sleeves of refined copper stood at $36,597 per ton in June 2023, with an increase of 7.6% against the previous month. In general, import price indicated prominent growth from June 2022 to June 2023: its price increased at an average monthly rate of +6.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, copper tube or pipe fitting import price increased by +135.5% against April 2023 indices. The pace of growth was the most pronounced in May 2023 when the average import price increased by 119% against the previous month. The import price peaked in June 2023.

Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was Germany ($37,797 per ton), while the price for Poland ($34,849 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 Italy (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper Tube or Pipe Fitting in Austria (FOB) - 2022

The average export price for tube or pipe fittings, couplings, elbows, sleeves of refined copper stood at $36,295 per ton in 2022, falling by -21% against the previous year. Over the period under review, the export price, however, posted resilient growth. The growth pace was the most rapid in 2020 when the average export price increased by 61%. The export price peaked at $45,924 per ton in 2021, and then declined rapidly in the following year.

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 the Czech Republic ($89,569 per ton), while the average price for exports to Italy ($8,701 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 (+23.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Tube or Pipe Fitting in Austria

In 2022, the amount of tube or pipe fittings, couplings, elbows, sleeves of refined copper imported into Austria expanded notably to 700 tons, picking up by 9.2% compared with the previous year's figure. The total import volume increased at an average annual rate of +8.0% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 9.5%. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, copper tube or pipe fitting imports shrank modestly to $13M in 2022. The total import value increased at an average annual rate of +12.1% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 24% against the previous year. As a result, imports reached the peak of $14M, and then shrank slightly in the following year.

Top Suppliers of Copper Tube or Pipe Fitting to Austria in 2022:

1. Germany (298.8 tons)
2. Italy (294.5 tons)
3. Poland (89.7 tons)
4. China (0.5 tons)

Exports of Copper Tube or Pipe Fitting in Austria

Copper tube or pipe fitting exports from Austria rose significantly to 118 tons in 2022, increasing by 5.4% compared with the previous year. Over the period under review, exports showed significant growth. The growth pace was the most rapid in 2020 when exports increased by 186%. As a result, the exports attained the peak of 148 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, copper tube or pipe fitting exports declined sharply to $4.3M in 2022. In general, exports showed significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 360% against the previous year. As a result, the exports attained the peak of $6.2M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Top Export Markets for Copper Tube or Pipe Fitting from Austria in 2022:

1. Germany (77.5 tons)
2. Italy (27.5 tons)
3. Romania (4.7 tons)
4. Czech Republic (2.5 tons)

Source: IndexBox Market Intelligence Platform