Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in the UK - 2024
Contents:
- Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in the UK (CIF) - 2024
- Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in the UK (FOB) - 2024
- Imports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in the UK
- Exports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in the UK
Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in the UK (CIF) - 2024
In November 2023, the average import price for copper; tube or pipe fittings (eg couplings, elbows, sleeves)s amounted to $18,825 per ton, remaining stable against the previous month. Over the period under review, the import price showed a mild reduction. The pace of growth was the most pronounced in March 2023 an increase of 15% m-o-m. The import price peaked at $20,868 per ton in January 2023; however, from February 2023 to November 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Hungary ($30,859 per ton), while the price for Thailand ($5,761 per ton) was amongst the lowest.
From January 2023 to November 2023, the most notable rate of growth in terms of prices was attained by Hungary (+2.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in the UK (FOB) - 2024
In November 2023, the average export price for copper; tube or pipe fittings (eg couplings, elbows, sleeves)s amounted to $26,485 per ton, remaining relatively unchanged against the previous month. Over the period from January 2023 to November 2023, it increased at an average monthly rate of +2.0%. The most prominent rate of growth was recorded in September 2023 when the average export price increased by 32% month-to-month. As a result, the export price reached the peak level of $27,932 per ton. From October 2023 to November 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($36,072 per ton), while the average price for exports to Kenya ($14,267 per ton) was amongst the lowest.
From January 2023 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+7.1%), 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 UK
Imports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s into the UK fell notably to 12K tons in 2022, declining by -26.3% compared with 2021. In general, imports saw a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 19%.
In value terms, imports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s fell notably to $211M in 2022. Over the period under review, imports continue to indicate a noticeable descent. The pace of growth was the most pronounced in 2021 with an increase of 46%. As a result, imports attained the peak of $256M, and then dropped dramatically in the following year.
| Import of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 54.5 | 49.8 | 83.8 | 86.7 | 16.7% |
| Germany | 38.7 | 38.8 | 47.0 | 28.5 | -9.7% |
| Italy | 14.4 | 13.0 | 23.4 | 22.0 | 15.2% |
| Hungary | 27.1 | 19.3 | 27.5 | 20.1 | -9.5% |
| France | 24.8 | 16.8 | 21.3 | 13.8 | -17.7% |
| Hong Kong SAR | 1.2 | 0.6 | 7.5 | 5.5 | 66.1% |
| Thailand | 12.0 | 10.6 | 13.2 | 3.7 | -32.4% |
| Poland | 39.7 | 4.8 | 5.4 | 3.0 | -57.7% |
| United Arab Emirates | 1.3 | 1.1 | 1.8 | 2.1 | 17.3% |
| Others | 29.3 | 20.5 | 24.7 | 25.4 | -4.6% |
| Total | 243 | 175 | 256 | 211 | -4.6% |
Top Suppliers of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) to the UK in 2022:
- China (6.1K tons)
- Germany (1.1K tons)
- Italy (1.0K tons)
- Hungary (0.9K tons)
- France (0.5K tons)
- Hong Kong SAR (0.4K tons)
- United Arab Emirates (0.2K tons)
- Poland (0.2K tons)
- Thailand (0.2K tons)
Exports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in the UK
Exports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s from the UK declined notably to 3.8K tons in 2022, falling by -18.6% on the year before. In general, exports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2021 when exports increased by 4.1% against the previous year.
In value terms, exports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s declined dramatically to $76M in 2022. Over the period under review, exports showed a perceptible shrinkage. The growth pace was the most rapid in 2021 when exports increased by 25%. As a result, the exports attained the peak of $95M, and then fell notably in the following year.
| Export of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 7.3 | 6.0 | 8.5 | 8.6 | 5.6% |
| China | 7.6 | 5.2 | 8.2 | 5.7 | -9.1% |
| Mexico | 7.1 | 3.0 | 7.9 | 5.4 | -8.7% |
| Germany | 5.6 | 8.9 | 6.3 | 4.7 | -5.7% |
| Netherlands | 6.4 | 6.0 | 5.0 | 4.5 | -11.1% |
| Czech Republic | 5.4 | 4.3 | 5.7 | 4.0 | -9.5% |
| United States | 3.3 | 5.2 | 3.7 | 4.0 | 6.6% |
| France | 4.0 | 3.3 | 4.0 | 3.4 | -5.3% |
| United Arab Emirates | 5.6 | 4.0 | 4.1 | 2.7 | -21.6% |
| Denmark | 0.8 | 0.9 | 3.0 | 2.7 | 50.0% |
| Italy | 2.1 | 2.5 | 3.7 | 2.3 | 3.1% |
| Australia | 1.8 | 1.3 | 2.3 | 2.3 | 8.5% |
| Qatar | 2.3 | 3.4 | 2.1 | 1.5 | -13.3% |
| Others | 24.8 | 22.4 | 30.5 | 24.0 | -1.1% |
| Total | 84.1 | 76.3 | 95.1 | 75.9 | -3.4% |
Top Export Markets for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) from the UK in 2022:
- France (477.3 tons)
- Ireland (378.9 tons)
- China (315.8 tons)
- Netherlands (223.8 tons)
- Mexico (222.2 tons)
- Germany (194.9 tons)
- United Arab Emirates (189.5 tons)
- Denmark (166.8 tons)
- Czech Republic (156.9 tons)
- Italy (114.9 tons)
- United States (109.6 tons)
- Australia (88.5 tons)
- Qatar (83.2 tons)
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This report provides an in-depth analysis of the market for copper pipe and fitting in the UK.
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This report provides an in-depth analysis of the global market for copper pipe and fitting.
