Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Lithuania - 2023

Contents:

1. Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Lithuania (CIF) - 2023
2. Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Lithuania (FOB) - 2023
3. Imports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Lithuania
4. Exports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Lithuania

Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Lithuania (CIF) - 2023

The average import price for copper; tube or pipe fittings (eg couplings, elbows, sleeves)s stood at $14,974 per ton in November 2023, falling by -19.7% against the previous month. Over the period under review, the import price recorded a slight downturn. The most prominent rate of growth was recorded in September 2023 when the average import price increased by 26% against the previous month. Over the period under review, average import prices reached the maximum at $20,388 per ton in February 2023; however, from March 2023 to November 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Turkey ($30,527 per ton), while the price for Poland ($6,923 per ton) was amongst the lowest.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Estonia (+6.2%), 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 Lithuania (FOB) - 2023

In November 2023, the average export price for copper; tube or pipe fittings (eg couplings, elbows, sleeves)s amounted to $25,967 per ton, remaining constant against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in February 2023 when the average export price increased by 23% m-o-m. Over the period under review, the average export prices attained the maximum at $34,470 per ton in March 2023; however, from April 2023 to November 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In November 2023, the country with the highest price was Russia ($41,731 per ton), while the average price for exports to Latvia ($18,304 per ton) was amongst the lowest.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, overseas purchases of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s decreased by -9.1% to 1.1K tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +1.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 28% against the previous year. As a result, imports reached the peak of 1.4K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s totaled $19M in 2022. The total import value increased at an average annual rate of +8.9% 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 22%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

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

1. Italy (453.2 tons)
2. Poland (272.5 tons)
3. Germany (101.3 tons)
4. Estonia (85.0 tons)
5. Turkey (63.9 tons)
6. Latvia (53.7 tons)
7. China (38.0 tons)

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

Exports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s from Lithuania reached 223 tons in 2022, growing by 3.6% against the year before. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 11%.

In value terms, exports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s reached $5M in 2022. The total export value increased at an average annual rate of +5.0% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 27%. Over the period under review, the exports of reached the maximum in 2022 and are likely to continue growth in the immediate term.

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

1. Russia (113.3 tons)
2. Latvia (21.7 tons)
3. Kazakhstan (14.7 tons)
4. Estonia (12.9 tons)
5. Moldova (11.4 tons)
6. Netherlands (10.8 tons)
7. Uzbekistan (8.7 tons)
8. Poland (7.2 tons)
9. Belarus (7.0 tons)
10. Ukraine (4.3 tons)

Source: IndexBox Market Intelligence Platform