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

Contents:

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

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

The average import price for copper; tube or pipe fittings (eg couplings, elbows, sleeves)s stood at $8,555 per ton in 2022, falling by -15.5% against the previous year. In general, the import price saw a perceptible setback. The pace of growth was the most pronounced in 2021 when the average import price increased by 30%. Over the period under review, average import prices attained the maximum at $13,757 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($14,531 per ton), while the price for China ($5,739 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+9.9%), while the prices for the other major suppliers experienced a decline.

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

The average export price for copper; tube or pipe fittings (eg couplings, elbows, sleeves)s stood at $6,750 per ton in 2021, picking up by 10% against the previous year. Overall, the export price, however, recorded a abrupt descent. The pace of growth was the most pronounced in 2016 when the average export price increased by 31% against the previous year. As a result, the export price reached the peak level of $18,741 per ton. From 2017 to 2021, the average export prices failed to regain momentum.

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

From 2015 to 2021, the rate of growth in terms of prices for Iran amounted to -21.4% per year.

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

For the fourth consecutive year, Iraq recorded growth in supplies from abroad of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s, which increased by 2.9% to 1K tons in 2022. The total import volume increased at an average annual rate of +13.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 23% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s contracted to $8.8M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +17.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.2% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 51%. As a result, imports attained the peak of $10M, and then declined in the following year.

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

1. China (547.6 tons)
2. Turkey (285.2 tons)
3. United Arab Emirates (98.7 tons)
4. Iran (36.8 tons)
5. United Kingdom (21.4 tons)

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

In 2021, the amount of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s exported from Iraq reduced rapidly to 44 kg, declining by -99.3% against 2020. In general, exports faced a sharp reduction. The smallest decline of -34.6% was in 2020.

In value terms, exports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s declined significantly to $297 in 2021. Overall, exports continue to indicate a significant decrease. The smallest decline of -34.6% was in 2020.

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

1. United Arab Emirates (44.0 kg)

Source: IndexBox Market Intelligence Platform