Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in the United States - 2024
Contents:
- Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in the United States (CIF) - 2024
- Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in the United States (FOB) - 2024
- Imports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in the United States
- Exports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in the United States
Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in the United States (CIF) - 2024
The average import price for copper; tube or pipe fittings (eg couplings, elbows, sleeves)s stood at $20,483 per ton in December 2023, picking up by 4.9% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 17% month-to-month. As a result, import price attained the peak level of $22,702 per ton. From April 2023 to December 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Germany ($39,774 per ton), while the price for China ($12,067 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 Mexico (+1.2%), 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 United States (FOB) - 2024
The average export price for copper; tube or pipe fittings (eg couplings, elbows, sleeves)s stood at $29,141 per ton in December 2023, surging by 19% against the previous month. Over the last ten-month period, it increased at an average monthly rate of +1.2%. The export price peaked at $30,242 per ton in August 2023; however, from September 2023 to December 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was Australia ($38,572 per ton), while the average price for exports to Turkey ($11,130 per ton) was amongst the lowest.
From February 2023 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+1.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in the United States
In 2022, imports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s into the United States expanded remarkably to 54K tons, growing by 8.6% compared with the previous year's figure. The total import volume increased at an average annual rate of +8.3% 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 2021 when imports increased by 32%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, imports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s soared to $1.1B in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +10.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.8% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 41%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 192 | 152 | 235 | 269 | 11.9% |
| Germany | 203 | 126 | 163 | 149 | -9.8% |
| South Korea | 58.0 | 53.7 | 73.7 | 89.9 | 15.7% |
| Taiwan (Chinese) | 49.5 | 45.3 | 65.5 | 88.6 | 21.4% |
| Mexico | 44.0 | 35.7 | 56.7 | 71.7 | 17.7% |
| Australia | 60.9 | 61.8 | 71.7 | 67.1 | 3.3% |
| Vietnam | 19.4 | 22.9 | 43.5 | 51.0 | 38.0% |
| Thailand | 25.9 | 26.0 | 36.8 | 47.5 | 22.4% |
| India | 17.9 | 15.2 | 24.7 | 40.5 | 31.3% |
| Others | 102 | 100 | 133 | 179 | 20.6% |
| Total | 772 | 639 | 904 | 1,054 | 10.9% |
Top Suppliers of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) to the United States in 2022:
- China (19.0K tons)
- Taiwan (Chinese) (4.8K tons)
- Germany (4.6K tons)
- Mexico (3.9K tons)
- Vietnam (3.5K tons)
- Thailand (3.2K tons)
- South Korea (2.9K tons)
- India (2.7K tons)
- Australia (2.6K tons)
Exports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in the United States
For the third year in a row, the United States recorded decline in shipments abroad of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s, which decreased by -8.9% to 12K tons in 2022. Over the period under review, exports showed a drastic downturn.
In value terms, exports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s reached $313M in 2022. The total export value increased at an average annual rate of +2.7% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of 16%. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the near future.
| Export of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 120 | 93.7 | 127 | 147 | 7.0% |
| Canada | 79.4 | 76.9 | 97.3 | 104 | 9.4% |
| China | 5.0 | 6.1 | 5.6 | 7.0 | 11.9% |
| Australia | 4.4 | 3.6 | 6.4 | 6.8 | 15.6% |
| Saudi Arabia | 36.3 | 37.7 | 14.7 | 1.0 | -69.8% |
| Others | 44.8 | 36.2 | 45.2 | 48.4 | 2.6% |
| Total | 290 | 254 | 296 | 313 | 2.6% |
Top Export Markets for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) from the United States in 2022:
- Mexico (5.3K tons)
- Canada (4.3K tons)
- Australia (0.2K tons)
- China (0.2K tons)
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