Price for Copper Tube or Pipe Fitting in Pakistan - 2023
Contents:
- Price for Copper Tube or Pipe Fitting in Pakistan (CIF) - 2022
- Price for Copper Tube or Pipe Fitting in Pakistan (FOB) - 2022
- Imports of Copper Tube or Pipe Fitting in Pakistan
- Exports of Copper Tube or Pipe Fitting in Pakistan
Price for Copper Tube or Pipe Fitting in Pakistan (CIF) - 2022
In 2022, the average import price for tube or pipe fittings, couplings, elbows, sleeves of refined copper amounted to $9,843 per ton, stabilizing at the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +6.3% 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 +9.8% against 2020 indices. The pace of growth was the most pronounced in 2014 an increase of 31% against the previous year. The import price peaked at $10,415 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat 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 Thailand ($36,732 per ton), while the price for the UK ($6,658 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+16.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Copper Tube or Pipe Fitting in Pakistan (FOB) - 2022
The average export price for tube or pipe fittings, couplings, elbows, sleeves of refined copper stood at $4,500 per ton in 2022, leveling off at the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 13% against the previous year. The export price peaked at $5,258 per ton in 2014; however, from 2015 to 2022, the 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 UK ($18,712 per ton), while the average price for exports to the United Arab Emirates ($771 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 UK (+11.3%), while the prices for the other major destinations experienced a decline.
Imports of Copper Tube or Pipe Fitting in Pakistan
In 2022, approx. 23 tons of tube or pipe fittings, couplings, elbows, sleeves of refined copper were imported into Pakistan; with a decrease of -17.7% against 2021. Over the period under review, imports showed a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 43%.
In value terms, copper tube or pipe fitting imports shrank markedly to $223K in 2022. In general, imports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 59%.
| Import of Copper Tube or Pipe Fitting in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 75.8 | 19.1 | 41.4 | 79.4 | 1.6% |
| China | 135 | 83.8 | 132 | 65.8 | -21.3% |
| Thailand | 35.7 | 29.2 | 36.9 | 25.0 | -11.2% |
| Italy | 13.1 | 14.1 | 31.2 | 20.8 | 16.7% |
| Germany | 5.3 | 7.8 | 2.1 | 11.8 | 30.6% |
| United States | 32.1 | 8.3 | 6.5 | 10.8 | -30.4% |
| United Arab Emirates | 7.9 | 5.2 | 5.1 | 3.4 | -24.5% |
| Others | 9.3 | 4.9 | 19.1 | 6.3 | -12.2% |
| Total | 315 | 172 | 274 | 223 | -10.9% |
Top Suppliers of Copper Tube or Pipe Fitting to Pakistan in 2022:
- United Kingdom (11.9 tons)
- China (4.6 tons)
- Italy (2.9 tons)
- United States (1.3 tons)
- Thailand (0.7 tons)
- Germany (0.6 tons)
- United Arab Emirates (0.3 tons)
Exports of Copper Tube or Pipe Fitting in Pakistan
In 2022, overseas shipments of tube or pipe fittings, couplings, elbows, sleeves of refined copper increased by 6.1% to 1.2 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, recorded a abrupt descent.
In value terms, copper tube or pipe fitting exports stood at $5.2K in 2022. Over the period under review, exports, however, showed a perceptible decline.
| Export of Copper Tube or Pipe Fitting in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 3.1 | 3.3 | 3.3 | 3.8 | 7.0% |
| Saudi Arabia | 2.2 | 1.6 | 1.1 | 0.9 | -25.8% |
| United Arab Emirates | 0.7 | 0.6 | 0.5 | 0.5 | -10.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 6.0 | 5.5 | 5.0 | 5.2 | -4.7% |
Top Export Markets for Copper Tube or Pipe Fitting from Pakistan in 2022:
- United Arab Emirates (642.0 kg)
- Saudi Arabia (312.0 kg)
- United Kingdom (205.0 kg)
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This report provides an in-depth analysis of the market for copper pipe and fitting in Pakistan.
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This report provides an in-depth analysis of the global market for copper pipe and fitting.
