Price for Copper Tube or Pipe Fitting in China - 2023
Contents:
- Price for Copper Tube or Pipe Fitting in China (FOB) - 2023
- Price for Copper Tube or Pipe Fitting in China (CIF) - 2022
- Exports of Copper Tube or Pipe Fitting in China
- Imports of Copper Tube or Pipe Fitting in China
Price for Copper Tube or Pipe Fitting in China (FOB) - 2023
In June 2023, the average export price for tube or pipe fittings, couplings, elbows, sleeves of refined copper amounted to $14,858 per ton, remaining stable against the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 6.6% against the previous month. Over the period under review, the average export prices attained the peak figure at $15,808 per ton in August 2022; however, from September 2022 to June 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In June 2023, the country with the highest price was Italy ($19,135 per ton), while the average price for exports to Thailand ($11,406 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+0.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Copper Tube or Pipe Fitting in China (CIF) - 2022
In 2022, the average import price for tube or pipe fittings, couplings, elbows, sleeves of refined copper amounted to $34,562 per ton, falling by -12% against the previous year. Over the period under review, the import price, however, saw a noticeable increase. The pace of growth was the most pronounced in 2019 when the average import price increased by 77%. Over the period under review, average import prices reached the maximum at $39,286 per ton in 2021, and then contracted in the following year.
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 Hong Kong SAR ($100,557 per ton), while the price for Australia ($11,583 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+21.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Copper Tube or Pipe Fitting in China
After three years of growth, shipments abroad of tube or pipe fittings, couplings, elbows, sleeves of refined copper decreased by -12.6% to 17K tons in 2022. The total export volume increased at an average annual rate of +5.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 33% against the previous year. As a result, the exports reached the peak of 20K tons, and then shrank in the following year.
In value terms, copper tube or pipe fitting exports dropped sharply to $218M in 2022. Overall, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +9.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +34.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 69%. As a result, the exports reached the peak of $274M, and then declined sharply in the following year.
| Export of Copper Tube or Pipe Fitting in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 22.0 | 16.1 | 31.1 | 33.2 | 14.7% |
| United Kingdom | 27.8 | 24.7 | 55.1 | 32.8 | 5.7% |
| Canada | 11.6 | 11.4 | 18.1 | 15.2 | 9.4% |
| Vietnam | 7.4 | 12.6 | 23.3 | 13.9 | 23.4% |
| Italy | 7.0 | 5.1 | 11.6 | 12.2 | 20.3% |
| Australia | 10.0 | 10.9 | 10.5 | 11.8 | 5.7% |
| Japan | 8.7 | 7.7 | 11.3 | 9.4 | 2.6% |
| Brazil | 7.8 | 8.6 | 10.8 | 7.7 | -0.4% |
| Thailand | 5.0 | 5.3 | 9.9 | 7.0 | 11.9% |
| Mexico | 4.7 | 4.8 | 8.2 | 6.0 | 8.5% |
| South Korea | 7.7 | 7.8 | 9.5 | 5.8 | -9.0% |
| South Africa | 5.9 | 5.6 | 7.1 | 5.7 | -1.1% |
| Spain | 2.3 | 4.0 | 7.5 | 5.4 | 32.9% |
| Others | 40.6 | 38.0 | 60.6 | 52.4 | 8.9% |
| Total | 168 | 163 | 274 | 218 | 9.1% |
Top Export Markets for Copper Tube or Pipe Fitting from China in 2022:
- United Kingdom (2.8K tons)
- United States (2.3K tons)
- Vietnam (1.4K tons)
- Canada (1.2K tons)
- Australia (0.8K tons)
- Italy (0.8K tons)
- Japan (0.7K tons)
- South Korea (0.7K tons)
- Thailand (0.7K tons)
- Brazil (0.5K tons)
- South Africa (0.5K tons)
- Mexico (0.5K tons)
- Spain (0.4K tons)
Imports of Copper Tube or Pipe Fitting in China
In 2022, the amount of tube or pipe fittings, couplings, elbows, sleeves of refined copper imported into China contracted remarkably to 230 tons, with a decrease of -27.1% against the previous year. Overall, imports recorded a pronounced contraction. The pace of growth was the most pronounced in 2021 when imports increased by 137%. As a result, imports attained the peak of 316 tons, and then shrank significantly in the following year.
In value terms, copper tube or pipe fitting imports dropped rapidly to $8M in 2022. In general, imports saw a noticeable decrease. The most prominent rate of growth was recorded in 2021 with an increase of 253%. As a result, imports reached the peak of $12M, and then declined markedly in the following year.
| Import of Copper Tube or Pipe Fitting in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 1,436 | 1,301 | 6,751 | 4,379 | 45.0% |
| Germany | 1,816 | 453 | 707 | 880 | -21.5% |
| Japan | 629 | 249 | 456 | 379 | -15.5% |
| United States | 820 | 77.0 | 562 | 164 | -41.5% |
| Israel | 548 | 165 | 287 | 159 | -33.8% |
| United Kingdom | 515 | 383 | 219 | 122 | -38.1% |
| Poland | 98.0 | 39.0 | 163 | 102 | 1.3% |
| Others | 3,189 | 845 | 3,256 | 1,771 | -17.8% |
| Total | 9,052 | 3,512 | 12,399 | 7,956 | -4.2% |
Top Suppliers of Copper Tube or Pipe Fitting to China in 2022:
- Hong Kong SAR (43.5 tons)
- Germany (35.4 tons)
- Japan (18.5 tons)
- United States (8.1 tons)
- Israel (5.5 tons)
- Poland (4.8 tons)
- United Kingdom (4.3 tons)
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