Price for Refined Copper Tube and Pipe in Australia - 2023
Contents:
- Price for Refined Copper Tube and Pipe in Australia (CIF) - 2023
- Price for Refined Copper Tube and Pipe in Australia (FOB) - 2022
- Imports of Refined Copper Tube and Pipe in Australia
- Exports of Refined Copper Tube and Pipe in Australia
Price for Refined Copper Tube and Pipe in Australia (CIF) - 2023
The average import price for tubes and pipes of refined copper stood at $9,564 per ton in August 2023, flattening at the previous month. Over the period under review, the import price showed a mild slump. The pace of growth was the most pronounced in November 2022 an increase of 10% against the previous month. The import price peaked at $11,021 per ton in August 2022; however, from September 2022 to August 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the country with the highest price was South Korea ($10,917 per ton), while the price for China ($9,278 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by South Korea (-0.1%), while the prices for the other major suppliers experienced a decline.
Price for Refined Copper Tube and Pipe in Australia (FOB) - 2022
In 2022, the average export price for tubes and pipes of refined copper amounted to $9,801 per ton, rising by 25% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Malaysia ($11,700 per ton) and Oman ($11,212 per ton), while the average price for exports to New Zealand ($8,460 per ton) and Hong Kong SAR ($9,407 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Refined Copper Tube and Pipe in Australia
In 2022, supplies from abroad of tubes and pipes of refined copper decreased by -4.9% to 13K tons, falling for the second year in a row after two years of growth. Over the period under review, imports saw a mild descent. The most prominent rate of growth was recorded in 2020 when imports increased by 0.6% against the previous year. As a result, imports reached the peak of 14K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, refined copper tube and pipe imports totaled $142M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +10.7% 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 +41.1% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 41% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.
| Import of Refined Copper Tube and Pipe in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 45.5 | 50.4 | 80.1 | 85.1 | 23.2% |
| South Korea | 39.6 | 31.2 | 39.8 | 36.6 | -2.6% |
| Vietnam | 17.5 | 18.0 | 20.1 | 18.1 | 1.1% |
| Others | 1.7 | 0.8 | 1.0 | 1.7 | 0.0% |
| Total | 104 | 100 | 141 | 142 | 10.9% |
Top Suppliers of Refined Copper Tube and Pipe to Australia in 2022:
- China (8.2K tons)
- South Korea (3.4K tons)
- Vietnam (1.6K tons)
Exports of Refined Copper Tube and Pipe in Australia
In 2022, refined copper tube and pipe exports from Australia dropped sharply to 1.1K tons, falling by -53.3% against the previous year's figure. Overall, exports showed a sharp contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 5.3%.
In value terms, refined copper tube and pipe exports fell significantly to $11M in 2022. In general, exports saw a drastic downturn. The pace of growth was the most pronounced in 2021 when exports increased by 12% against the previous year.
| Export of Refined Copper Tube and Pipe in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 5.8 | 1.2 | 4.7 | 5.6 | -1.2% |
| Singapore | 4.4 | 3.0 | 5.5 | 2.3 | -19.4% |
| Malaysia | 1.7 | 1.2 | 1.3 | 1.0 | -16.2% |
| New Zealand | 3.0 | 1.7 | 1.9 | 1.0 | -30.7% |
| Vietnam | 0.2 | 0.3 | 0.1 | 0.4 | 26.0% |
| Oman | N/A | 0.1 | 0.1 | 0.3 | 73.2% |
| China | 0.3 | 0.5 | 0.4 | N/A | 15.5% |
| Kyrgyzstan | 3.0 | 8.6 | 4.0 | N/A | 15.5% |
| Others | 0.3 | 0.2 | 0.5 | 0.2 | -12.6% |
| Total | 18.7 | 16.7 | 18.6 | 10.9 | -16.5% |
Top Export Markets for Refined Copper Tube and Pipe from Australia in 2022:
- China (undefined tons)
- Hong Kong SAR (594.5 tons)
- Singapore (230.3 tons)
- New Zealand (121.3 tons)
- Malaysia (86.5 tons)
- Vietnam (37.8 tons)
- Oman (26.4 tons)
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This report provides an in-depth analysis of the market for copper tube and pipe in Australia.
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This report provides an in-depth analysis of the global market for copper tube and pipe.
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884
In value terms, copper tubes and pipes imports totaled $X in 2016. Overall, copper tubes and pipes imports continue to indicate a drastic curtailment. Global copper tubes and pipes import peaked of...
888
In value terms, copper tube and pipe fittings imports stood at $X in 2016. In general, copper tube and pipe fittings imports continue to indicate a relatively flat trend pattern. Over the period unde...
954
In value terms, copper tubes and pipes exports totaled $X in 2016. In general, copper tubes and pipes exports continue to indicate a abrupt deduction. Over the period under review, global copper tu...
5015
In value terms, copper tube and pipe fittings exports stood at $X in 2016. In general, copper tube and pipe fittings exports continue to indicate a relatively flat trend pattern. Over the period un...
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Explore the top import markets for copper pipe and fitting products, including key statistics and trends. Discover the leading countries in terms of import value for 2022.
