Price for Copper Tube or Pipe Fitting in Serbia - 2024
Contents:
- Price for Copper Tube or Pipe Fitting in Serbia (CIF) - 2024
- Price for Copper Tube or Pipe Fitting in Serbia (FOB) - 2022
- Imports of Copper Tube or Pipe Fitting in Serbia
- Exports of Copper Tube or Pipe Fitting in Serbia
Price for Copper Tube or Pipe Fitting in Serbia (CIF) - 2024
In January 2024, the average import price for tube or pipe fittings, couplings, elbows, sleeves of refined copper amounted to $17,238 per ton, falling by -31.6% against the previous month. Overall, the import price showed a noticeable slump. The growth pace was the most rapid in June 2023 an increase of 17% against the previous month. The import price peaked at $27,774 per ton in February 2023; however, from March 2023 to January 2024, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Hungary ($24,268 per ton), while the price for Turkey ($6,385 per ton) was amongst the lowest.
From February 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Spain (+0.7%), while the prices for the other major suppliers experienced a decline.
Price for Copper Tube or Pipe Fitting in Serbia (FOB) - 2022
The average export price for tube or pipe fittings, couplings, elbows, sleeves of refined copper stood at $21,975 per ton in 2022, growing by 3.4% against the previous year. In general, the export price continues to indicate resilient growth. The growth pace was the most rapid in 2018 an increase of 34% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($32,262 per ton), while the average price for exports to Croatia ($9,524 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 Denmark (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Copper Tube or Pipe Fitting in Serbia
Copper tube or pipe fitting imports into Serbia dropped remarkably to 239 tons in 2022, which is down by -26.1% compared with 2021. Over the period under review, imports continue to indicate a pronounced slump. The pace of growth appeared the most rapid in 2021 when imports increased by 28% against the previous year. As a result, imports reached the peak of 323 tons, and then shrank markedly in the following year.
In value terms, copper tube or pipe fitting imports shrank to $5.2M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +14.3% 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 +49.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 59%. As a result, imports attained the peak of $5.9M, and then contracted in the following year.
| Import of Copper Tube or Pipe Fitting in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 1,372 | 1,112 | 1,975 | 2,367 | 19.9% |
| Germany | 817 | 1,137 | 1,241 | 979 | 6.2% |
| Greece | 0.9 | 138 | 412 | 579 | 763.3% |
| China | 149 | 209 | 417 | 548 | 54.4% |
| Spain | 620 | 873 | 1,532 | 529 | -5.2% |
| Turkey | 353 | 111 | 74.9 | 19.8 | -61.7% |
| Others | 189 | 150 | 296 | 206 | 2.9% |
| Total | 3,500 | 3,730 | 5,948 | 5,229 | 14.3% |
Top Suppliers of Copper Tube or Pipe Fitting to Serbia in 2022:
- Italy (90.4 tons)
- Germany (51.8 tons)
- Greece (36.8 tons)
- Spain (29.3 tons)
- China (20.9 tons)
- Turkey (1.8 tons)
Exports of Copper Tube or Pipe Fitting in Serbia
In 2022, the amount of tube or pipe fittings, couplings, elbows, sleeves of refined copper exported from Serbia reached 64 tons, increasing by 7.9% against 2021 figures. The total export volume increased at an average annual rate of +11.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 30%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.
In value terms, copper tube or pipe fitting exports stood at $1.4M in 2022. In general, exports enjoyed a significant increase. The growth pace was the most rapid in 2021 with an increase of 67% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Copper Tube or Pipe Fitting in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 36.1 | 126 | 437 | 667 | 164.4% |
| Sweden | 275 | 356 | 510 | 376 | 11.0% |
| Bosnia and Herzegovina | 104 | 121 | 119 | 134 | 8.8% |
| Montenegro | 58.3 | 49.2 | 88.5 | 84.7 | 13.3% |
| North Macedonia | 35.0 | 12.2 | 65.4 | 75.7 | 29.3% |
| Croatia | 122 | 54.9 | 23.3 | 30.9 | -36.7% |
| Italy | 4.3 | 33.9 | 7.9 | 30.1 | 91.3% |
| Others | 29.3 | 4.8 | 18.0 | 16.9 | -16.8% |
| Total | 665 | 758 | 1,269 | 1,416 | 28.7% |
Top Export Markets for Copper Tube or Pipe Fitting from Serbia in 2022:
- Denmark (20.7 tons)
- Sweden (14.1 tons)
- Bosnia and Herzegovina (12.9 tons)
- Montenegro (7.6 tons)
- North Macedonia (3.9 tons)
- Croatia (3.2 tons)
- Italy (1.1 tons)
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This report provides an in-depth analysis of the market for copper pipe and fitting in Serbia.
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This report provides an in-depth analysis of the global market for copper pipe and fitting.
