Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in the Dominican Republic - 2023
Contents:
- Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in the Dominican Republic (CIF) - 2023
- Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in the Dominican Republic (FOB) - 2022
- Imports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in the Dominican Republic
- Exports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in the Dominican Republic
Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in the Dominican Republic (CIF) - 2023
The average import price for copper; tube or pipe fittings (eg couplings, elbows, sleeves)s stood at $44,871 per ton in March 2023, growing by 26% against the previous month. Overall, the import price continues to indicate a moderate increase. The most prominent rate of growth was recorded in April 2022 when the average import price increased by 175% month-to-month. As a result, import price attained the peak level of $76,820 per ton. From May 2022 to March 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 March 2023, the country with the highest price was the United States ($229K per ton), while the price for Mexico ($7,369 per ton) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by India (+19.2%), 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 the Dominican Republic (FOB) - 2022
The average export price for copper; tube or pipe fittings (eg couplings, elbows, sleeves)s stood at $15,515 per ton in 2022, increasing by 47% against the previous year. In general, the export price continues to indicate a resilient expansion. The growth pace was the most rapid in 2018 when the average export price increased by 223%. As a result, the export price attained the peak level of $19,308 per ton. From 2019 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($91,534 per ton), while the average price for exports to Turks and Caicos Islands ($7,720 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 Turks and Caicos Islands (+40.8%), 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 the Dominican Republic
Imports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s into the Dominican Republic skyrocketed to 614 tons in 2022, growing by 41% on the previous year. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +21.4% 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 +78.9% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 55%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in the near future.
In value terms, imports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s stood at $9.5M in 2022. The total import value increased at an average annual rate of +13.7% 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 31%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.7 | 5.8 | 5.6 | 5.1 | 11.3% |
| China | 1.2 | 1.4 | 1.7 | 2.2 | 22.4% |
| Italy | 0.7 | 0.9 | 1.4 | 1.2 | 19.7% |
| Mexico | 0.1 | 0.1 | 0.2 | 0.4 | 58.7% |
| Spain | 0.5 | 0.1 | 0.3 | 0.4 | -7.2% |
| Others | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
| Total | 6.5 | 8.4 | 9.4 | 9.5 | 13.5% |
Top Suppliers of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) to the Dominican Republic in 2022:
- China (285.5 tons)
- United States (125.0 tons)
- Italy (83.8 tons)
- Mexico (66.0 tons)
- Spain (34.4 tons)
Exports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in the Dominican Republic
In 2022, the amount of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s exported from the Dominican Republic reduced notably to 4.7 tons, which is down by -64.6% compared with 2021. Over the period under review, exports continue to indicate a sharp decline. The pace of growth was the most pronounced in 2021 with an increase of 29% against the previous year.
In value terms, exports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s contracted rapidly to $74K in 2022. In general, exports saw a sharp decline. The pace of growth was the most pronounced in 2021 when exports increased by 75%.
| Export of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Haiti | 9.1 | 44.5 | 46.6 | 18.8 | 27.4% |
| United States | 113 | 0.8 | 27.0 | 17.5 | -46.3% |
| Italy | 50.5 | 4.3 | 21.2 | 13.5 | -35.6% |
| Turks and Caicos Islands | N/A | N/A | 0.4 | 7.0 | 1650.0% |
| Others | 72.5 | 31.1 | 45.8 | 16.9 | -38.5% |
| Total | 245 | 80.7 | 141 | 73.6 | -33.0% |
Top Export Markets for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) from the Dominican Republic in 2022:
- Haiti (2071.0 kg)
- Italy (1504.0 kg)
- Turks and Caicos Islands (902.0 kg)
- United States (191.0 kg)
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This report provides an in-depth analysis of the market for copper pipe and fitting in the Dominican Republic.
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This report provides an in-depth analysis of the global market for copper pipe and fitting.
