Price for Copper Tube or Pipe Fitting in Iran - 2021
Contents:
- Price for Copper Tube or Pipe Fitting in Iran (CIF) - 2022
- Price for Copper Tube or Pipe Fitting in Iran (FOB) - 2022
- Imports of Copper Tube or Pipe Fitting in Iran
- Exports of Copper Tube or Pipe Fitting in Iran
Price for Copper Tube or Pipe Fitting in Iran (CIF) - 2022
The average import price for tube or pipe fittings, couplings, elbows, sleeves of refined copper stood at $15,408 per ton in 2022, jumping by 37% against the previous year. Overall, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper tube or pipe fitting import price increased by +55.4% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($73,151 per ton), while the price for Hong Kong SAR ($6,706 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Copper Tube or Pipe Fitting in Iran (FOB) - 2022
In 2022, the average export price for tube or pipe fittings, couplings, elbows, sleeves of refined copper amounted to $10,473 per ton, surging by 6.7% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 65% against the previous year. As a result, the export price attained the peak level of $15,985 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($14,221 per ton), while the average price for exports to Azerbaijan ($8,714 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 United Arab Emirates (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Copper Tube or Pipe Fitting in Iran
In 2022, imports of tube or pipe fittings, couplings, elbows, sleeves of refined copper into Iran fell significantly to 3.9 tons, waning by -46% against the previous year's figure. In general, imports showed a sharp decline. The smallest decline of -30.9% was in 2020.
In value terms, copper tube or pipe fitting imports shrank sharply to $60K in 2022. Overall, imports showed a sharp decrease.
| Import of Copper Tube or Pipe Fitting in Iran (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 28.6 | 32.5 | 24.6 | 28.5 | -0.1% |
| China | 220 | 134 | 41.4 | 15.5 | -58.7% |
| South Korea | 5.6 | 8.4 | 7.2 | 7.0 | 7.7% |
| Hong Kong SAR | 3.4 | 5.9 | 3.8 | 3.6 | 1.9% |
| India | 1.2 | 1.6 | 1.4 | 2.9 | 34.2% |
| United Arab Emirates | 14.6 | 1.9 | 0.9 | 0.7 | -63.7% |
| Others | 5.5 | 2.0 | 1.1 | 1.2 | -39.8% |
| Total | 279 | 186 | 80.4 | 59.6 | -40.2% |
Top Suppliers of Copper Tube or Pipe Fitting to Iran in 2022:
- China (1716.0 kg)
- South Korea (722.0 kg)
- Hong Kong SAR (544.0 kg)
- India (413.0 kg)
- Italy (390.0 kg)
- United Arab Emirates (46.0 kg)
Exports of Copper Tube or Pipe Fitting in Iran
For the fourth consecutive year, Iran recorded growth in overseas shipments of tube or pipe fittings, couplings, elbows, sleeves of refined copper, which increased by 48% to 844 kg in 2022. Overall, exports showed a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 92% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, copper tube or pipe fitting exports soared to $8.8K in 2022. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 136%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the near future.
| Export of Copper Tube or Pipe Fitting in Iran (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Afghanistan | 1,109 | 1,314 | 1,435 | 3,409 | 45.4% |
| United Arab Emirates | 570 | 788 | 1,002 | 2,773 | 69.4% |
| Iraq | 49.0 | 76.0 | 147 | 1,279 | 196.6% |
| Armenia | 20.0 | 41.0 | 78.0 | 585 | 208.1% |
| Georgia | 60.0 | 151 | 207 | 486 | 100.8% |
| Azerbaijan | N/A | N/A | 127 | 305 | 140.2% |
| Oman | N/A | N/A | 18.0 | N/A | 0% |
| Turkey | N/A | N/A | 2,590 | N/A | 0% |
| Others | N/A | N/A | N/A | 2.0 | 0% |
| Total | 1,808 | 2,370 | 5,604 | 8,839 | 69.7% |
Top Export Markets for Copper Tube or Pipe Fitting from Iran in 2022:
- Afghanistan (348.0 kg)
- United Arab Emirates (195.0 kg)
- Iraq (143.0 kg)
- Armenia (64.0 kg)
- Georgia (55.0 kg)
- Azerbaijan (35.0 kg)
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This report provides an in-depth analysis of the market for copper pipe and fitting in Iran.
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This report provides an in-depth analysis of the global market for copper pipe and fitting.
