Price for Copper Tube or Pipe Fitting in the UK - 2023

Contents:

1. Price for Copper Tube or Pipe Fitting in the UK (CIF) - 2023
2. Price for Copper Tube or Pipe Fitting in the UK (FOB) - 2022
3. Imports of Copper Tube or Pipe Fitting in the UK
4. Exports of Copper Tube or Pipe Fitting in the UK

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

The average import price for tube or pipe fittings, couplings, elbows, sleeves of refined copper stood at $19,632 per ton in May 2023, picking up by 7.5% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 when the average import price increased by 51% against the previous month. Over the period under review, average import prices hit record highs at $19,853 per ton in December 2022; however, from January 2023 to May 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In May 2023, the country with the highest price was Thailand ($121K per ton), while the price for the United Arab Emirates ($11,524 per ton) was amongst the lowest.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Thailand (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper Tube or Pipe Fitting in the UK (FOB) - 2022

In 2022, the average export price for tube or pipe fittings, couplings, elbows, sleeves of refined copper amounted to $17,990 per ton, picking up by 2.6% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 24%. Over the period under review, the average export prices reached the peak figure at $20,445 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($39,387 per ton), while the average price for exports to Iraq ($11,314 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 Poland (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Tube or Pipe Fitting in the UK

Copper tube or pipe fitting imports into the UK reduced notably to 5K tons in 2022, with a decrease of -23.9% against 2021. Overall, imports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of 29% against the previous year.

In value terms, copper tube or pipe fitting imports contracted remarkably to $86M in 2022. In general, imports showed a abrupt descent. The growth pace was the most rapid in 2021 with an increase of 45%.

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

1. China (2527.2 tons)
2. Hungary (488.3 tons)
3. Germany (437.4 tons)
4. France (428.3 tons)
5. Italy (427.8 tons)
6. Thailand (172.4 tons)
7. United Arab Emirates (135.7 tons)
8. Spain (102.3 tons)
9. Poland (90.0 tons)

Exports of Copper Tube or Pipe Fitting in the UK

In 2022, overseas shipments of tube or pipe fittings, couplings, elbows, sleeves of refined copper decreased by -38% to 566 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a precipitous setback. The pace of growth appeared the most rapid in 2020 when exports increased by 26%. As a result, the exports reached the peak of 1.4K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, copper tube or pipe fitting exports dropped notably to $10M in 2022. In general, exports faced a abrupt downturn. The growth pace was the most rapid in 2020 when exports increased by 10% against the previous year. As a result, the exports reached the peak of $20M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

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

1. Ireland (197.1 tons)
2. Germany (99.4 tons)
3. Taiwan (Chinese) (59.0 tons)
4. Hong Kong SAR (44.8 tons)
5. Qatar (27.5 tons)
6. Jordan (21.5 tons)
7. Pakistan (11.8 tons)
8. Iraq (11.0 tons)
9. Italy (10.7 tons)
10. Netherlands (8.8 tons)
11. Poland (5.0 tons)
12. United Arab Emirates (2.9 tons)
13. Saudi Arabia (1.8 tons)

Source: IndexBox Market Intelligence Platform