Price for Copper Tube or Pipe Fitting in New Zealand - 2023

Contents:

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

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

The average import price for tube or pipe fittings, couplings, elbows, sleeves of refined copper stood at $17,595 per ton in 2022, growing by 5.3% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 28%. As a result, import price attained the peak level of $22,459 per ton. From 2019 to 2022, the average import prices remained at a lower figure.

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 Poland ($46,289 per ton), while the price for Hong Kong SAR ($13,818 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+12.5%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for tube or pipe fittings, couplings, elbows, sleeves of refined copper amounted to $10,384 per ton, growing by 24% against the previous year. Overall, the export price, however, saw a abrupt descent. The growth pace was the most rapid in 2020 when the average export price increased by 89% against the previous year. Over the period under review, the average export prices hit record highs at $24,167 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Cook Islands ($22,682 per ton), while the average price for exports to Australia ($6,059 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 Cook Islands (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Tube or Pipe Fitting in New Zealand

Copper tube or pipe fitting imports into New Zealand reached 310 tons in 2022, picking up by 14% on 2021 figures. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 180% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, copper tube or pipe fitting imports surged to $5.4M in 2022. In general, imports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 145% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

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

1. China (249.6 tons)
2. Hong Kong SAR (18.7 tons)
3. Poland (17.2 tons)
4. Germany (9.7 tons)
5. Australia (6.1 tons)
6. South Korea (0.1 tons)

Exports of Copper Tube or Pipe Fitting in New Zealand

In 2022, exports of tube or pipe fittings, couplings, elbows, sleeves of refined copper from New Zealand totaled 26 tons, remaining constant against 2021. In general, exports, however, recorded a mild downturn. The most prominent rate of growth was recorded in 2021 with an increase of 57%.

In value terms, copper tube or pipe fitting exports skyrocketed to $266K in 2022. Over the period under review, exports showed a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 43%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

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

1. Australia (19.7 tons)
2. Cook Islands (3.5 tons)
3. Vanuatu (0.9 tons)
4. Fiji (0.5 tons)
5. Samoa (0.4 tons)

Source: IndexBox Market Intelligence Platform