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

Contents:

1. Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Pakistan (CIF) - 2023
2. Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Pakistan (FOB) - 2022
3. Imports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Pakistan
4. Exports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Pakistan

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

The average import price for copper; tube or pipe fittings (eg couplings, elbows, sleeves)s stood at $12,172 per ton in July 2023, increasing by 2.9% against the previous month. Overall, the import price posted prominent growth. The growth pace was the most rapid in October 2022 when the average import price increased by 102% month-to-month. The import price peaked at $14,640 per ton in November 2022; however, from December 2022 to July 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was China ($12,291 per ton), while the price for the UK ($6,101 per ton) was amongst the lowest.

From August 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (+9.3%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for copper; tube or pipe fittings (eg couplings, elbows, sleeves)s amounted to $2,617 per ton, with a decrease of -67.3% against the previous year. In general, the export price, however, posted a prominent increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 1,891%. As a result, the export price reached the peak level of $14,123 per ton. From 2016 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($30,973 per ton), while the average price for exports to the United Arab Emirates ($709 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 Australia (+53.4%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s into Pakistan amounted to 209 tons in 2022, picking up by 5.4% on 2021. In general, imports showed buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 156% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, imports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s rose slightly to $2.1M in 2022. Over the period under review, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 218% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

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

1. China (115.2 tons)
2. United Kingdom (72.7 tons)
3. United States (9.7 tons)
4. Austria (4.0 tons)
5. Italy (1.3 tons)

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

In 2022, exports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s from Pakistan skyrocketed to 6 tons, with an increase of 26% compared with the previous year's figure. Over the period under review, exports, however, recorded a sharp descent. The most prominent rate of growth was recorded in 2021 with an increase of 271% against the previous year.

In value terms, exports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s declined markedly to $16K in 2022. In general, exports, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 311% against the previous year. As a result, the exports reached the peak of $38K, and then contracted markedly in the following year.

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

1. United Arab Emirates (4.9 tons)
2. Malaysia (0.9 tons)

Source: IndexBox Market Intelligence Platform