Price for Copper Tube or Pipe Fitting in the United States - 2023
Contents:
- Price for Copper Tube or Pipe Fitting in the United States (CIF) - 2023
- Price for Copper Tube or Pipe Fitting in the United States (FOB) - 2022
- Imports of Copper Tube or Pipe Fitting in the United States
- Exports of Copper Tube or Pipe Fitting in the United States
Price for Copper Tube or Pipe Fitting in the United States (CIF) - 2023
The average import price for tube or pipe fittings, couplings, elbows, sleeves of refined copper stood at $26,367 per ton in July 2023, with an increase of 12% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2022 an increase of 48% m-o-m. Over the period under review, average import prices attained the maximum at $29,246 per ton in March 2023; however, from April 2023 to July 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Germany ($35,618 per ton), while the price for Mexico ($14,243 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 Spain (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Copper Tube or Pipe Fitting in the United States (FOB) - 2022
The average export price for tube or pipe fittings, couplings, elbows, sleeves of refined copper stood at $20,131 per ton in 2022, declining by -19.1% against the previous year. Overall, export price indicated a mild increase 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 export price increased by +24.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 53% against the previous year. As a result, the export price reached the peak level of $24,877 per ton, and then fell sharply in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($27,612 per ton), while the average price for exports to the United Arab Emirates ($11,351 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 Spain (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Copper Tube or Pipe Fitting in the United States
In 2022, approx. 8.5K tons of tube or pipe fittings, couplings, elbows, sleeves of refined copper were imported into the United States; which is down by -11.9% compared with the previous year's figure. Over the period under review, imports continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 32%.
In value terms, copper tube or pipe fitting imports dropped to $200M in 2022. Overall, imports saw a abrupt decrease. The growth pace was the most rapid in 2021 when imports increased by 32%.
| Import of Copper Tube or Pipe Fitting in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 139 | 82.9 | 96.2 | 66.6 | -21.7% |
| South Korea | 49.8 | 43.7 | 61.4 | 58.0 | 5.2% |
| China | 23.4 | 12.6 | 22.2 | 29.7 | 8.3% |
| Vietnam | 9.1 | 10.8 | 21.0 | 15.1 | 18.4% |
| Italy | 1.1 | 0.2 | 3.0 | 8.8 | 100.0% |
| Mexico | 7.4 | 5.2 | 6.5 | 5.7 | -8.3% |
| Canada | 4.2 | 4.2 | 4.3 | 3.5 | -5.9% |
| Others | 4.7 | 12.1 | 12.8 | 12.4 | 38.2% |
| Total | 239 | 172 | 227 | 200 | -5.8% |
Top Suppliers of Copper Tube or Pipe Fitting to the United States in 2022:
- Germany (2.0K tons)
- South Korea (2.0K tons)
- China (1.9K tons)
- Vietnam (1.1K tons)
- Mexico (0.5K tons)
- Italy (0.3K tons)
- Canada (0.2K tons)
Exports of Copper Tube or Pipe Fitting in the United States
After two years of decline, overseas shipments of tube or pipe fittings, couplings, elbows, sleeves of refined copper increased by 27% to 2.4K tons in 2022. Overall, exports, however, continue to indicate a deep reduction.
In value terms, copper tube or pipe fitting exports expanded to $48M in 2022. Over the period under review, exports, however, continue to indicate a mild reduction.
| Export of Copper Tube or Pipe Fitting in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 12.5 | 12.3 | 17.2 | 20.0 | 17.0% |
| Mexico | 12.3 | 11.9 | 13.3 | 13.3 | 2.6% |
| China | 0.4 | 0.1 | 0.6 | 1.7 | 62.0% |
| Japan | 0.8 | 1.1 | 1.3 | 1.4 | 20.5% |
| France | 0.8 | 1.1 | 1.4 | 1.1 | 11.2% |
| Belgium | 0.5 | 0.4 | 0.5 | 0.9 | 21.6% |
| United Arab Emirates | 1.1 | 0.3 | 0.3 | 0.8 | -10.1% |
| Saudi Arabia | 11.9 | 15.1 | 3.3 | 0.6 | -63.1% |
| Others | 10.3 | 7.3 | 9.1 | 8.5 | -6.2% |
| Total | 50.7 | 49.6 | 47.0 | 48.3 | -1.6% |
Top Export Markets for Copper Tube or Pipe Fitting from the United States in 2022:
- Mexico (828.2 tons)
- Canada (751.7 tons)
- China (96.6 tons)
- United Arab Emirates (72.3 tons)
- Belgium (62.5 tons)
- Japan (51.3 tons)
- France (50.7 tons)
- Saudi Arabia (24.6 tons)
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