Price for Copper Tube or Pipe Fitting in Mexico - 2023

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

In June 2023, the average import price for tube or pipe fittings, couplings, elbows, sleeves of refined copper amounted to $16,531 per ton, dropping by -4.8% against the previous month. Over the period under review, the import price recorded a slight shrinkage. The pace of growth appeared the most rapid in October 2022 an increase of 32% m-o-m. Over the period under review, average import prices attained the peak figure at $22,039 per ton in December 2022; however, from January 2023 to June 2023, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In June 2023, the country with the highest price was the United States ($19,759 per ton), while the price for China ($14,423 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 China (+1.0%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for tube or pipe fittings, couplings, elbows, sleeves of refined copper amounted to $15,172 per ton, picking up by 9.2% against the previous year. Overall, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% 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 export price decreased by -27.0% against 2018 indices. The pace of growth was the most pronounced in 2016 when the average export price increased by 31%. The export price peaked at $20,795 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for Colombia amounted to +6.9% per year.

Imports of Copper Tube or Pipe Fitting in Mexico

Copper tube or pipe fitting imports into Mexico reduced rapidly to 1.3K tons in 2022, waning by -25.5% against 2021. Overall, total imports indicated moderate growth from 2019 to 2022: its volume increased at an average annual rate of +2.8% 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 +21.1% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 63%. As a result, imports reached the peak of 1.8K tons, and then fell remarkably in the following year.

In value terms, copper tube or pipe fitting imports contracted notably to $23M in 2022. In general, total imports indicated notable growth from 2019 to 2022: its value increased at an average annual rate of +3.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +26.8% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 69% against the previous year. As a result, imports reached the peak of $30M, and then declined significantly in the following year.

Import of Copper Tube or Pipe Fitting in Mexico (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	5.9	6.2	12.0	9.5	17.2%
United States	11.1	7.9	8.3	9.0	-6.8%
South Korea	2.9	3.4	9.5	3.9	10.4%
Others	0.7	0.4	0.6	0.2	-34.1%
Total	20.5	17.9	30.3	22.7	3.5%

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

China (752.5 tons)
United States (368.3 tons)
South Korea (183.9 tons)

Exports of Copper Tube or Pipe Fitting in Mexico

In 2022, the amount of tube or pipe fittings, couplings, elbows, sleeves of refined copper exported from Mexico contracted markedly to 596 tons, with a decrease of -21.8% compared with the previous year. In general, total exports indicated a measured expansion from 2019 to 2022: its volume increased at an average annual rate of +4.6% 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 +39.4% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 78% against the previous year. As a result, the exports reached the peak of 762 tons, and then fell notably in the following year.

In value terms, copper tube or pipe fitting exports dropped to $9M in 2022. Overall, exports saw a perceptible decline. The growth pace was the most rapid in 2021 when exports increased by 27% against the previous year. As a result, the exports reached the peak of $11M, and then reduced in the following year.