Price for Copper Tube or Pipe Fitting in Sweden - 2023

Price for Copper Tube or Pipe Fitting in Sweden (CIF) - 2023

The average import price for tube or pipe fittings, couplings, elbows, sleeves of refined copper stood at $15,240 per ton in June 2023, shrinking by -10.9% against the previous month. Over the period under review, import price indicated a noticeable expansion from June 2022 to June 2023: its price increased at an average monthly rate of +3.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, copper tube or pipe fitting import price decreased by -10.9% against May 2023 indices. The most prominent rate of growth was recorded in August 2022 an increase of 69% against the previous month. The import price peaked at $17,112 per ton in May 2023, and then declined in the following month.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Italy ($37,846 per ton), while the price for Latvia ($2,543 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Italy (+4.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Copper Tube or Pipe Fitting in Sweden (FOB) - 2023

The average export price for tube or pipe fittings, couplings, elbows, sleeves of refined copper stood at $21,925 per ton in June 2023, dropping by -16.9% against the previous month. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in December 2022 an increase of 72% against the previous month. Over the period under review, the average export prices hit record highs at $27,469 per ton in August 2022; however, from September 2022 to June 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Denmark ($34,916 per ton), while the average price for exports to Portugal ($13,390 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 Serbia (+3.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Copper Tube or Pipe Fitting in Sweden

In 2022, after three years of growth, there was significant decline in overseas purchases of tube or pipe fittings, couplings, elbows, sleeves of refined copper, when their volume decreased by -29% to 2.4K tons. In general, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 100%.

In value terms, copper tube or pipe fitting imports dropped significantly to $28M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +6.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +21.2% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 35% against the previous year. As a result, imports attained the peak of $35M, and then contracted markedly in the following year.

Import of Copper Tube or Pipe Fitting in Sweden (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Turkey	6.0	7.2	12.0	10.6	20.9%
Germany	4.9	6.4	8.0	5.3	2.7%
Italy	4.6	4.3	4.4	5.1	3.5%
Latvia	N/A	1.6	2.9	2.6	27.5%
China	3.5	3.5	4.0	2.0	-17.0%
Poland	0.9	0.8	0.9	0.9	0.0%
Denmark	0.3	0.7	1.3	0.7	32.6%
Serbia	1.7	0.5	0.5	0.3	-43.9%
Others	1.2	0.7	0.6	0.5	-25.3%
Total	23.0	25.7	34.6	27.9	6.6%

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

Latvia (1153.0 tons)
Turkey (647.0 tons)
Germany (188.3 tons)
Italy (174.0 tons)
China (101.4 tons)
Denmark (54.0 tons)
Poland (51.5 tons)
Serbia (11.0 tons)

Exports of Copper Tube or Pipe Fitting in Sweden

In 2022, copper tube or pipe fitting exports from Sweden expanded rapidly to 125 tons, picking up by 13% compared with 2021. Over the period under review, exports saw a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 90%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, copper tube or pipe fitting exports rose remarkably to $1.6M in 2022. Overall, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +13.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +90.9% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 78%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Export of Copper Tube or Pipe Fitting in Sweden (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Norway	354	319	363	576	17.6%
Finland	217	94.3	342	352	17.5%
Poland	65.3	13.0	14.8	180	40.2%
Serbia	16.9	46.3	105	165	113.7%
Denmark	52.7	20.0	32.4	133	36.1%
Austria	1.4	5.8	39.2	74.7	276.5%
Netherlands	40.2	36.5	183	13.1	-31.2%
Spain	60.4	82.7	151	0.3	-82.9%
France	71.2	53.1	87.5	0.1	-88.8%
Indonesia	11.6	10.1	14.9	N/A	13.3%
Others	183	147	144	86.8	-22.0%
Total	1,073	828	1,477	1,581	13.8%