Price for Copper Tube or Pipe Fitting in Morocco - 2022

Contents:

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

Price for Copper Tube or Pipe Fitting in Morocco (CIF) - 2022

The average import price for tube or pipe fittings, couplings, elbows, sleeves of refined copper stood at $18,723 per ton in 2022, waning by -18.8% against the previous year. Overall, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.3% 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 +25.0% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 63%. As a result, import price reached the peak level of $24,185 per ton. From 2014 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($66,599 per ton), while the price for Italy ($15,450 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for tube or pipe fittings, couplings, elbows, sleeves of refined copper stood at $71,534 per ton in 2022, picking up by 105% against the previous year. Overall, the export price saw a tangible expansion. The pace of growth was the most pronounced in 2016 an increase of 329%. Over the period under review, the average export prices hit record highs at $102,979 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($73,249 per ton), while the average price for exports to Mauritania totaled $34,706 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Madagascar (+191.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Tube or Pipe Fitting in Morocco

In 2022, after three years of growth, there was significant decline in purchases abroad of tube or pipe fittings, couplings, elbows, sleeves of refined copper, when their volume decreased by -45.9% to 20 tons. Over the period under review, imports, however, enjoyed pronounced growth. The growth pace was the most rapid in 2020 with an increase of 60% against the previous year.

In value terms, copper tube or pipe fitting imports dropped rapidly to $379K in 2022. In general, imports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 103%. As a result, imports attained the peak of $864K, and then declined dramatically in the following year.

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

1. Italy (17.2 tons)
2. Spain (0.8 tons)
3. France (0.7 tons)
4. Germany (0.6 tons)
5. China (0.5 tons)

Exports of Copper Tube or Pipe Fitting in Morocco

In 2022, exports of tube or pipe fittings, couplings, elbows, sleeves of refined copper from Morocco fell remarkably to 382 kg, declining by -34.1% against the previous year's figure. Overall, exports recorded a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 194% against the previous year.

In value terms, copper tube or pipe fitting exports surged to $27K in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 268% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

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

1. Spain (365.0 kg)
2. Mauritania (17.0 kg)

Source: IndexBox Market Intelligence Platform