Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in New Zealand - 2024
Contents:
- Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in New Zealand (CIF) - 2024
- Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in New Zealand (FOB) - 2022
- Imports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in New Zealand
- Exports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in New Zealand
Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in New Zealand (CIF) - 2024
The average import price for copper; tube or pipe fittings (eg couplings, elbows, sleeves)s stood at $17,770 per ton in December 2023, remaining relatively unchanged against the previous month. Overall, the import price, however, showed a mild curtailment. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 21% month-to-month. As a result, import price reached the peak level of $23,733 per ton. From April 2023 to December 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was the United States ($50,297 per ton), while the price for China ($14,059 per ton) was amongst the lowest.
From February 2023 to December 2023, the most notable rate of growth in terms of prices was attained by Australia (+3.1%), 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 New Zealand (FOB) - 2022
In 2022, the average export price for copper; tube or pipe fittings (eg couplings, elbows, sleeves)s amounted to $18,461 per ton, remaining constant against the previous year. In general, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for copper; tube or pipe fittings (eg couplings, elbows, sleeves)s decreased by -1.2% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 99%. Over the period under review, the average export prices reached the peak figure at $19,852 per ton in 2015; however, from 2016 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 the United States ($24,261 per ton), while the average price for exports to Australia ($13,820 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 South Korea (+68.4%), 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 New Zealand
In 2022, approx. 1.6K tons of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s were imported into New Zealand; with a decrease of -15.3% against the previous year. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 41%. As a result, imports attained the peak of 1.9K tons, and then shrank notably in the following year.
In value terms, imports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s reduced to $28M in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +5.1% 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 +34.7% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 55%. As a result, imports attained the peak of $32M, and then fell in the following year.
| Import of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 15.5 | 14.2 | 22.2 | 18.5 | 6.1% |
| Germany | 1.4 | 1.6 | 2.1 | 1.6 | 4.6% |
| Taiwan (Chinese) | 0.9 | 0.7 | 0.8 | 1.5 | 18.6% |
| Australia | 1.7 | 1.2 | 1.2 | 1.3 | -8.6% |
| Italy | 0.5 | 0.4 | 0.6 | 0.8 | 17.0% |
| Austria | 0.8 | 0.2 | 0.5 | 0.6 | -9.1% |
| Others | 3.3 | 2.4 | 4.6 | 3.7 | 3.9% |
| Total | 24.1 | 20.7 | 32.1 | 27.9 | 5.0% |
Top Suppliers of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) to New Zealand in 2022:
- China (1274.0 tons)
- Germany (62.0 tons)
- Australia (54.1 tons)
- Taiwan (Chinese) (31.6 tons)
- Austria (28.5 tons)
- Italy (23.9 tons)
Exports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in New Zealand
In 2022, approx. 178 tons of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s were exported from New Zealand; with an increase of 137% against 2021 figures. Overall, exports, however, continue to indicate a abrupt contraction.
In value terms, exports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s soared to $3.3M in 2022. Over the period under review, exports, however, showed a deep downturn.
| Export of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,032 | 114 | 518 | 1,532 | 14.1% |
| Australia | 3,110 | 810 | 318 | 1,325 | -24.8% |
| Cook Islands | 89.2 | 103 | 114 | 140 | 16.2% |
| Samoa | 72.5 | 32.2 | 45.3 | 66.4 | -2.9% |
| Fiji | 84.4 | 36.3 | 57.0 | 24.4 | -33.9% |
| Thailand | 270 | 175 | 14.3 | 13.3 | -63.3% |
| Sri Lanka | N/A | N/A | 188 | N/A | 0% |
| Others | 249 | 119 | 132 | 183 | -9.8% |
| Total | 4,907 | 1,389 | 1,387 | 3,284 | -12.5% |
Top Export Markets for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) from New Zealand in 2022:
- Australia (95.9 tons)
- United States (63.1 tons)
- Cook Islands (7.6 tons)
- Samoa (4.5 tons)
- Fiji (1.5 tons)
- Thailand (0.5 tons)
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This report provides an in-depth analysis of the market for copper pipe and fitting in New Zealand.
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This report provides an in-depth analysis of the global market for copper pipe and fitting.
