Price for Cupro-Nickel and Nickel Silver Tubes and Pipes in the United States - 2024
Contents:
- Price for Cupro-Nickel and Nickel Silver Tubes and Pipes in the United States (CIF) - 2024
- Price for Cupro-Nickel and Nickel Silver Tubes and Pipes in the United States (FOB) - 2024
- Imports of Cupro-Nickel and Nickel Silver Tubes and Pipes in the United States
- Exports of Cupro-Nickel and Nickel Silver Tubes and Pipes in the United States
Price for Cupro-Nickel and Nickel Silver Tubes and Pipes in the United States (CIF) - 2024
In December 2023, the average import price for tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) amounted to $16,379 per ton, dropping by -5.3% against the previous month. Over the period from February 2023 to December 2023, it increased at an average monthly rate of +1.0%. The most prominent rate of growth was recorded in November 2023 when the average import price increased by 25% month-to-month. Over the period under review, average import prices hit record highs at $18,175 per ton in April 2023; however, from May 2023 to December 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($35,796 per ton), while the price for China ($10,008 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 India (+3.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cupro-Nickel and Nickel Silver Tubes and Pipes in the United States (FOB) - 2024
In December 2023, the average export price for tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) amounted to $15,908 per ton, falling by -54.1% against the previous month. In general, the export price continues to indicate a noticeable shrinkage. The pace of growth was the most pronounced in October 2023 when the average export price increased by 59% against the previous month. The export price peaked at $34,694 per ton in November 2023, and then declined remarkably in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Canada ($30,129 per ton), while the average price for exports to Israel ($6,319 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 (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cupro-Nickel and Nickel Silver Tubes and Pipes in the United States
In 2022, after two years of decline, there was significant growth in purchases abroad of tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver), when their volume increased by 26% to 6.1K tons. Over the period under review, imports, however, saw a noticeable descent.
In value terms, imports of tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) skyrocketed to $88M in 2022. The total import value increased at an average annual rate of +4.0% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cupro-Nickel and Nickel Silver Tubes and Pipes in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 39.7 | 28.1 | 25.2 | 37.0 | -2.3% |
| India | 1.0 | 0.8 | 6.2 | 15.7 | 150.4% |
| South Korea | 8.1 | 8.1 | 10.7 | 14.8 | 22.3% |
| Germany | 15.6 | 19.5 | 13.3 | 8.5 | -18.3% |
| China | 7.3 | 0.9 | 4.7 | 6.5 | -3.8% |
| France | 1.2 | 9.1 | 5.0 | 1.9 | 16.6% |
| Austria | 1.4 | 0.3 | 1.6 | 1.6 | 4.6% |
| Vietnam | 1.9 | 6.7 | 0.9 | 1.1 | -16.7% |
| Others | 2.5 | 0.4 | 0.8 | 1.1 | -23.9% |
| Total | 78.6 | 73.7 | 68.3 | 88.4 | 4.0% |
Top Suppliers of Cupro-Nickel and Nickel Silver Tubes and Pipes to the United States in 2022:
- Mexico (2431.2 tons)
- India (1506.3 tons)
- South Korea (794.9 tons)
- China (510.6 tons)
- Germany (467.6 tons)
- Austria (101.5 tons)
- Vietnam (93.2 tons)
- France (74.9 tons)
Exports of Cupro-Nickel and Nickel Silver Tubes and Pipes in the United States
In 2022, the amount of tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) exported from the United States dropped markedly to 932 tons, which is down by -23.6% against 2021. Overall, exports continue to indicate a sharp decline. The smallest decline of -12% was in 2020.
In value terms, exports of tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) fell rapidly to $17M in 2022. Over the period under review, exports continue to indicate a significant curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 19% against the previous year. As a result, the exports attained the peak of $57M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Cupro-Nickel and Nickel Silver Tubes and Pipes in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 3.6 | 2.2 | 3.6 | 3.6 | 0.0% |
| Mexico | 3.2 | 3.4 | 7.7 | 3.3 | 1.0% |
| Japan | 2.0 | 1.3 | 2.2 | 2.1 | 1.6% |
| South Korea | 9.7 | 0.4 | 0.1 | 1.5 | -46.3% |
| China | 16.6 | 43.9 | 1.4 | 1.4 | -56.1% |
| Germany | 1.4 | 1.3 | 0.4 | 0.6 | -24.6% |
| Israel | 0.2 | 0.4 | 0.4 | 0.5 | 35.7% |
| Others | 10.9 | 3.7 | 4.7 | 4.0 | -28.4% |
| Total | 47.6 | 56.6 | 20.6 | 17.2 | -28.8% |
Top Export Markets for Cupro-Nickel and Nickel Silver Tubes and Pipes from the United States in 2022:
- Japan (228.6 tons)
- Mexico (180.2 tons)
- Canada (143.2 tons)
- Israel (85.4 tons)
- South Korea (81.0 tons)
- China (45.7 tons)
- Germany (41.0 tons)
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