Price for Refined Copper Tube and Pipe in Canada - 2023
Contents:
- Price for Refined Copper Tube and Pipe in Canada (FOB) - 2023
- Price for Refined Copper Tube and Pipe in Canada (CIF) - 2023
- Exports of Refined Copper Tube and Pipe in Canada
- Imports of Refined Copper Tube and Pipe in Canada
Price for Refined Copper Tube and Pipe in Canada (FOB) - 2023
The average export price for tubes and pipes of refined copper stood at $13,439 per ton in June 2023, declining by -4.7% against the previous month. Over the period under review, the export price continues to indicate a mild decrease. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 15% against the previous month. As a result, the export price reached the peak level of $15,620 per ton. From January 2023 to June 2023, the the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From June 2022 to June 2023, the rate of growth in terms of prices for the United States amounted to -1.0% per month.
Price for Refined Copper Tube and Pipe in Canada (CIF) - 2023
The average import price for tubes and pipes of refined copper stood at $12,372 per ton in June 2023, waning by -2.9% against the previous month. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2022 when the average import price increased by 14% against the previous month. As a result, import price attained the peak level of $13,945 per ton. From September 2022 to June 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($18,787 per ton), while the price for Thailand ($10,278 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Mexico (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Refined Copper Tube and Pipe in Canada
In 2022, approx. 12K tons of tubes and pipes of refined copper were exported from Canada; waning by -15.4% on the previous year's figure. Over the period under review, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2021 when exports increased by 2.9% against the previous year. As a result, the exports reached the peak of 14K tons, and then fell markedly in the following year.
In value terms, refined copper tube and pipe exports contracted significantly to $171M in 2022. In general, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +11.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +39.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 49% against the previous year. As a result, the exports attained the peak of $201M, and then reduced rapidly in the following year.
| Export of Refined Copper Tube and Pipe in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 121 | 134 | 200 | 170 | 12.0% |
| Others | 1.5 | 0.6 | 1.5 | 1.1 | -9.8% |
| Total | 123 | 135 | 201 | 171 | 11.6% |
Top Export Markets for Refined Copper Tube and Pipe from Canada in 2022:
- United States (11.5K tons)
Imports of Refined Copper Tube and Pipe in Canada
Refined copper tube and pipe imports into Canada skyrocketed to 10K tons in 2022, picking up by 51% on the previous year. In general, imports continue to indicate strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, refined copper tube and pipe imports skyrocketed to $129M in 2022. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 83% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.
| Import of Refined Copper Tube and Pipe in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 22.3 | 18.2 | 28.0 | 35.7 | 17.0% |
| Vietnam | 3.4 | 3.4 | 8.7 | 24.9 | 94.2% |
| Mexico | 11.9 | 8.8 | 15.4 | 17.3 | 13.3% |
| India | 2.3 | 1.6 | 2.7 | 12.5 | 75.8% |
| Italy | 5.6 | 4.6 | 12.0 | 12.4 | 30.3% |
| Bahrain | 2.0 | 1.1 | 2.6 | 9.0 | 65.1% |
| China | 2.0 | 2.0 | 4.2 | 7.8 | 57.4% |
| Others | 6.2 | 4.6 | 7.7 | 9.7 | 16.1% |
| Total | 55.7 | 44.3 | 81.2 | 129 | 32.3% |
Top Suppliers of Refined Copper Tube and Pipe to Canada in 2022:
- United States (2.6K tons)
- Vietnam (2.2K tons)
- Mexico (1.6K tons)
- India (0.9K tons)
- Bahrain (0.8K tons)
- Italy (0.7K tons)
- China (0.6K tons)
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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...
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