Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Azerbaijan - 2024

Contents:

1. Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Azerbaijan (CIF) - 2022
2. Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Azerbaijan (FOB) - 2022
3. Imports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Azerbaijan
4. Exports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Azerbaijan

Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Azerbaijan (CIF) - 2022

In 2022, the average import price for copper; tube or pipe fittings (eg couplings, elbows, sleeves)s amounted to $21,702 per ton, surging by 41% against the previous year. Over the period under review, the import price saw a buoyant increase. The growth pace was the most rapid in 2018 an increase of 42% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($110,469 per ton), while the price for Russia ($13,704 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+22.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Azerbaijan (FOB) - 2022

In 2022, the average export price for copper; tube or pipe fittings (eg couplings, elbows, sleeves)s amounted to $14,353 per ton, jumping by 23% against the previous year. In general, the export price enjoyed strong growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 33% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to +10.7% per year.

Imports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Azerbaijan

Imports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s into Azerbaijan dropped to 57 tons in 2022, with a decrease of -7.2% against the previous year's figure. In general, imports showed a pronounced slump. The pace of growth appeared the most rapid in 2021 when imports increased by 13%.

In value terms, imports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s soared to $1.2M in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) to Azerbaijan in 2022:

1. Turkey (19.8 tons)
2. Italy (14.8 tons)
3. China (12.5 tons)
4. Germany (4.6 tons)
5. Russia (1.8 tons)
6. United Kingdom (0.9 tons)

Exports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Azerbaijan

In 2022, after three years of growth, there was significant decline in overseas shipments of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s, when their volume decreased by -46.2% to 26 tons. Over the period under review, exports, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2021 when exports increased by 130%. As a result, the exports attained the peak of 49 tons, and then fell rapidly in the following year.

In value terms, exports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s fell significantly to $380K in 2022. Overall, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 206% against the previous year. As a result, the exports reached the peak of $572K, and then reduced remarkably in the following year.

Top Export Markets for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) from Azerbaijan in 2022:

1. Russia (25.9 tons)

Source: IndexBox Market Intelligence Platform