Price for Copper Tube or Pipe Fitting in Switzerland - 2023

Contents:

1. Price for Copper Tube or Pipe Fitting in Switzerland (CIF) - 2023
2. Price for Copper Tube or Pipe Fitting in Switzerland (FOB) - 2023
3. Imports of Copper Tube or Pipe Fitting in Switzerland
4. Exports of Copper Tube or Pipe Fitting in Switzerland

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

In July 2023, the average import price for tube or pipe fittings, couplings, elbows, sleeves of refined copper amounted to $32,416 per ton, picking up by 27% against the previous month. Over the period under review, import price indicated a modest expansion from July 2022 to July 2023: its price increased at an average monthly rate of +1.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, copper tube or pipe fitting import price decreased by -18.4% against April 2023 indices. The pace of growth appeared the most rapid in December 2022 when the average import price increased by 69% month-to-month. The import price peaked at $39,744 per ton in April 2023; however, from May 2023 to July 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($56,855 per ton), while the price for Italy ($16,982 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the United States (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In July 2023, the average export price for tube or pipe fittings, couplings, elbows, sleeves of refined copper amounted to $32,634 per ton, dropping by -17.5% against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 when the average export price increased by 106% month-to-month. As a result, the export price attained the peak level of $64,568 per ton. From April 2023 to July 2023, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was France ($70,586 per ton), while the average price for exports to Germany ($30,181 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+2.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Copper Tube or Pipe Fitting in Switzerland

Copper tube or pipe fitting imports into Switzerland expanded modestly to 165 tons in 2022, surging by 3.8% against the previous year's figure. In general, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 65% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, copper tube or pipe fitting imports expanded notably to $4.3M 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 +14.2% 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 +49.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 30% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

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

1. Germany (66.9 tons)
2. Italy (53.4 tons)
3. Slovakia (20.0 tons)
4. Poland (13.4 tons)
5. Spain (3.2 tons)

Exports of Copper Tube or Pipe Fitting in Switzerland

In 2022, overseas shipments of tube or pipe fittings, couplings, elbows, sleeves of refined copper decreased by -0.2% to 71 tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +1.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 4.5% against the previous year.

In value terms, copper tube or pipe fitting exports expanded sharply to $2.3M in 2022. The total export value increased at an average annual rate of +5.7% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 36% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Top Export Markets for Copper Tube or Pipe Fitting from Switzerland in 2022:

1. Germany (65.7 tons)
2. France (1.7 tons)
3. Italy (1.0 tons)

Source: IndexBox Market Intelligence Platform