Price for Refined Copper Tube and Pipe in Azerbaijan - 2023
Contents:
- Price for Refined Copper Tube and Pipe in Azerbaijan (CIF) - 2023
- Price for Refined Copper Tube and Pipe in Azerbaijan (FOB) - 2022
- Imports of Refined Copper Tube and Pipe in Azerbaijan
- Exports of Refined Copper Tube and Pipe in Azerbaijan
Price for Refined Copper Tube and Pipe in Azerbaijan (CIF) - 2023
In August 2023, the average import price for tubes and pipes of refined copper amounted to $9,826 per ton, rising by 7.9% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +1.2%. The most prominent rate of growth was recorded in February 2023 an increase of 21% against the previous month. The import price peaked at $11,306 per ton in March 2023; however, from April 2023 to August 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In August 2023, the country with the highest price was Turkey ($13,890 per ton), while the price for Uzbekistan amounted to $9,368 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Uzbekistan (+1.2%).
Price for Refined Copper Tube and Pipe in Azerbaijan (FOB) - 2022
In 2022, the average export price for tubes and pipes of refined copper amounted to $16,708 per ton, increasing by 62% against the previous year. Overall, the export price enjoyed prominent growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Georgia.
From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to +4.1% per year.
Imports of Refined Copper Tube and Pipe in Azerbaijan
In 2022, after three years of growth, there was significant decline in purchases abroad of tubes and pipes of refined copper, when their volume decreased by -13% to 389 tons. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +10.0% 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 +33.1% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 35% against the previous year. As a result, imports attained the peak of 447 tons, and then fell in the following year.
In value terms, refined copper tube and pipe imports declined to $3.9M in 2022. In general, imports, however, posted a strong increase. The growth pace was the most rapid in 2021 with an increase of 87%. As a result, imports attained the peak of $4.1M, and then shrank in the following year.
| Import of Refined Copper Tube and Pipe in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uzbekistan | 1,647 | 1,658 | 2,910 | 3,040 | 22.7% |
| Turkey | 123 | 164 | 368 | 486 | 58.1% |
| Russia | 2.8 | 6.3 | 19.7 | 143 | 271.0% |
| Italy | 30.3 | 63.4 | 45.9 | 107 | 52.3% |
| Iran | 49.2 | 85.1 | 150 | N/A | 74.6% |
| Austria | 68.4 | 77.6 | 113 | N/A | 28.5% |
| Others | 514 | 149 | 510 | 78.4 | -46.6% |
| Total | 2,434 | 2,204 | 4,118 | 3,854 | 16.6% |
Top Suppliers of Refined Copper Tube and Pipe to Azerbaijan in 2022:
- Uzbekistan (318.7 tons)
- Turkey (48.9 tons)
- Russia (9.1 tons)
- Italy (7.1 tons)
Exports of Refined Copper Tube and Pipe in Azerbaijan
In 2022, overseas shipments of tubes and pipes of refined copper decreased by -9.1% to 209 kg for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 61% against the previous year. As a result, the exports reached the peak of 230 kg, and then fell in the following year.
In value terms, refined copper tube and pipe exports soared to $3.5K in 2022. Over the period under review, exports, however, recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Refined Copper Tube and Pipe in Azerbaijan (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Georgia | 116 | 78.0 | 29.0 | 3,492 | 211.1% |
| Germany | 64.0 | 50.0 | 26.0 | N/A | -36.3% |
| Turkey | 1,406 | 1,802 | 2,301 | N/A | 27.9% |
| Others | 16.0 | 18.0 | 9.0 | N/A | -25.0% |
| Total | 1,602 | 1,948 | 2,365 | 3,492 | 29.7% |
Top Export Markets for Refined Copper Tube and Pipe from Azerbaijan in 2022:
- Georgia (209.0 kg)
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