Price for Copper Tube or Pipe Fitting in Sri Lanka - 2021

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

In 2022, the average import price for tube or pipe fittings, couplings, elbows, sleeves of refined copper amounted to $35,257 per ton, increasing by 92% against the previous year. Overall, the import price saw a prominent expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Singapore ($134,059 per ton), while the price for the UK ($10,204 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+30.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for tube or pipe fittings, couplings, elbows, sleeves of refined copper stood at $8,454 per ton in 2022, declining by -23.2% against the previous year. In general, the export price continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2018 when the average export price increased by 93% against the previous year. The export price peaked at $18,961 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Maldives.

From 2012 to 2022, the rate of growth in terms of prices for Seychelles amounted to +27.3% per year.

Imports of Copper Tube or Pipe Fitting in Sri Lanka

In 2022, overseas purchases of tube or pipe fittings, couplings, elbows, sleeves of refined copper increased by 2.7% to 9 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, faced a sharp reduction.

In value terms, copper tube or pipe fitting imports surged to $316K in 2022. Over the period under review, imports, however, showed a abrupt shrinkage.

Import of Copper Tube or Pipe Fitting in Sri Lanka (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
South Korea	55.6	11.6	7.5	82.4	14.0%
China	106	51.6	35.0	73.1	-11.7%
Singapore	54.2	29.7	37.8	70.0	8.9%
Taiwan (Chinese)	49.4	19.7	18.4	54.4	3.3%
India	10.5	37.4	8.3	17.7	19.0%
United Kingdom	57.3	132	39.6	11.4	-41.6%
Italy	10.2	4.3	4.2	N/A	-35.8%
Others	28.8	29.6	9.8	7.4	-36.4%
Total	372	316	161	316	-5.3%

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

Italy (undefined tons)
China (3.2 tons)
South Korea (1.9 tons)
India (1.6 tons)
United Kingdom (1.1 tons)
Singapore (0.5 tons)
Taiwan (Chinese) (0.4 tons)

Exports of Copper Tube or Pipe Fitting in Sri Lanka

In 2022, the amount of tube or pipe fittings, couplings, elbows, sleeves of refined copper exported from Sri Lanka declined dramatically to 562 kg, falling by -47.5% on the previous year's figure. Overall, exports saw a dramatic slump. The smallest decline of -7.5% was in 2020.

In value terms, copper tube or pipe fitting exports reduced rapidly to $4.8K in 2022. Over the period under review, exports continue to indicate a significant contraction. The smallest decline of -32% was in 2020.