Price for Copper Tube or Pipe Fitting in Spain - 2023
Contents:
- Price for Copper Tube or Pipe Fitting in Spain (FOB) - 2023
- Price for Copper Tube or Pipe Fitting in Spain (CIF) - 2022
- Exports of Copper Tube or Pipe Fitting in Spain
- Imports of Copper Tube or Pipe Fitting in Spain
Price for Copper Tube or Pipe Fitting in Spain (FOB) - 2023
In June 2023, the average export price for tube or pipe fittings, couplings, elbows, sleeves of refined copper amounted to $24,047 per ton, surging by 2.5% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.2%. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 14% against the previous month. The export price peaked in June 2023.
There were significant differences in the average prices for the major external markets. In June 2023, the country with the highest price was France ($40,679 per ton), while the average price for exports to Poland ($19,267 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Copper Tube or Pipe Fitting in Spain (CIF) - 2022
In 2022, the average import price for tube or pipe fittings, couplings, elbows, sleeves of refined copper amounted to $16,104 per ton, picking up by 16% against the previous year. In general, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.9% 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 +79.7% against 2016 indices. The growth pace was the most rapid in 2018 when the average import price increased by 22% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($46,529 per ton), while the price for Bulgaria ($4,356 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Copper Tube or Pipe Fitting in Spain
In 2022, copper tube or pipe fitting exports from Spain fell markedly to 4.4K tons, with a decrease of -15.5% compared with 2021 figures. Over the period under review, exports recorded a noticeable setback. The most prominent rate of growth was recorded in 2021 when exports increased by 16%. As a result, the exports reached the peak of 5.3K tons, and then dropped sharply in the following year.
In value terms, copper tube or pipe fitting exports declined dramatically to $86M in 2022. The total export value increased at an average annual rate of +5.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 44% against the previous year. As a result, the exports reached the peak of $102M, and then shrank sharply in the following year.
| Export of Copper Tube or Pipe Fitting in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 47.9 | 47.5 | 68.9 | 53.9 | 4.0% |
| France | 17.9 | 17.5 | 25.8 | 25.8 | 13.0% |
| United Kingdom | 2.0 | 1.3 | 1.8 | 1.1 | -18.1% |
| Others | 5.4 | 4.5 | 5.6 | 5.1 | -1.9% |
| Total | 73.1 | 70.9 | 102 | 85.8 | 5.5% |
Top Export Markets for Copper Tube or Pipe Fitting from Spain in 2022:
- Poland (3.3K tons)
- France (0.8K tons)
- United Kingdom (0.1K tons)
Imports of Copper Tube or Pipe Fitting in Spain
In 2022, the amount of tube or pipe fittings, couplings, elbows, sleeves of refined copper imported into Spain surged to 1.5K tons, picking up by 17% compared with the year before. In general, imports, however, saw a slight shrinkage.
In value terms, copper tube or pipe fitting imports surged to $25M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +13.4% 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 +84.1% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Copper Tube or Pipe Fitting in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.3 | 3.0 | 5.1 | 7.2 | 46.3% |
| Poland | 3.6 | 3.8 | 6.4 | 7.1 | 25.4% |
| Malaysia | 0.7 | N/A | 0.1 | 5.5 | 98.8% |
| Italy | 2.6 | 2.5 | 3.8 | 2.5 | -1.3% |
| France | 2.5 | 1.1 | 0.3 | 0.6 | -37.9% |
| United States | 1.2 | 0.7 | 0.9 | 0.6 | -20.6% |
| Bulgaria | 0.2 | 0.2 | 0.2 | 0.4 | 26.0% |
| South Korea | 1.6 | 0.1 | 0.1 | 0.1 | -60.3% |
| Thailand | 1.4 | 1.1 | N/A | N/A | -21.4% |
| Others | 0.7 | 0.9 | 1.0 | 0.5 | -10.6% |
| Total | 16.8 | 13.3 | 18.0 | 24.6 | 13.6% |
Top Suppliers of Copper Tube or Pipe Fitting to Spain in 2022:
- China (436.4 tons)
- Poland (366.1 tons)
- Italy (297.2 tons)
- Malaysia (252.3 tons)
- Bulgaria (82.1 tons)
- France (43.7 tons)
- United States (19.1 tons)
- South Korea (2.8 tons)
- Thailand (0.8 tons)
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This report provides an in-depth analysis of the market for copper pipe and fitting in Spain.
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This report provides an in-depth analysis of the global market for copper pipe and fitting.
