Price for Refined Copper Tube and Pipe in Israel - 2023
Contents:
- Price for Refined Copper Tube and Pipe in Israel (CIF) - 2022
- Price for Refined Copper Tube and Pipe in Israel (FOB) - 2022
- Imports of Refined Copper Tube and Pipe in Israel
- Exports of Refined Copper Tube and Pipe in Israel
Price for Refined Copper Tube and Pipe in Israel (CIF) - 2022
The average import price for tubes and pipes of refined copper stood at $11,560 per ton in 2022, with an increase of 7.9% against the previous year. In general, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, refined copper tube and pipe import price increased by +52.1% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 41% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Vietnam ($11,560 per ton) and Brazil ($11,560 per ton), while the price for China ($11,560 per ton) and Turkey ($11,560 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Refined Copper Tube and Pipe in Israel (FOB) - 2022
In 2022, the average export price for tubes and pipes of refined copper amounted to $11,628 per ton, with an increase of 5.6% against the previous year. In general, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, refined copper tube and pipe export price increased by +61.6% against 2017 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 36% against the previous year. The export price peaked in 2022 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 the United States.
From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to +4.5% per year.
Imports of Refined Copper Tube and Pipe in Israel
In 2022, supplies from abroad of tubes and pipes of refined copper decreased by -12.8% to 6.5K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +3.7% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 21%. As a result, imports reached the peak of 7.4K tons, and then declined in the following year.
In value terms, refined copper tube and pipe imports declined to $75M in 2022. Overall, imports, however, saw a strong expansion. The pace of growth was the most pronounced in 2021 when imports increased by 71%. As a result, imports attained the peak of $80M, and then fell in the following year.
| Import of Refined Copper Tube and Pipe in Israel (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 9.5 | 5.3 | 16.4 | 28.6 | 44.4% |
| Greece | 12.6 | 12.4 | 23.8 | 26.8 | 28.6% |
| Brazil | 6.1 | 3.1 | 3.4 | 7.2 | 5.7% |
| Turkey | 0.6 | 0.9 | 3.5 | 4.4 | 94.3% |
| Hong Kong SAR | 0.7 | 8.0 | 1.7 | 4.2 | 81.7% |
| Vietnam | 1.9 | 3.0 | 5.9 | 2.6 | 11.0% |
| Others | 12.8 | 13.9 | 24.9 | 1.1 | -55.9% |
| Total | 44.3 | 46.6 | 79.6 | 74.9 | 19.1% |
Top Suppliers of Refined Copper Tube and Pipe to Israel in 2022:
- China (2474.1 tons)
- Greece (2316.5 tons)
- Brazil (623.1 tons)
- Turkey (378.1 tons)
- Hong Kong SAR (366.3 tons)
- Vietnam (225.2 tons)
Exports of Refined Copper Tube and Pipe in Israel
In 2022, overseas shipments of tubes and pipes of refined copper decreased by -99.6% to 86 kg, falling for the second year in a row after two years of growth. In general, exports continue to indicate a dramatic downturn. The growth pace was the most rapid in 2020 with an increase of 78% against the previous year. As a result, the exports reached the peak of 77 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, refined copper tube and pipe exports shrank markedly to $1K in 2022. Over the period under review, exports faced a dramatic shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 82%. As a result, the exports reached the peak of $626K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Refined Copper Tube and Pipe in Israel (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 94.0 | 28.3 | 4.3 | 1.0 | -78.0% |
| Russia | 80.7 | 211 | 75.4 | N/A | -3.3% |
| Palestine | 130 | 297 | 95.8 | N/A | -14.2% |
| Ukraine | 26.4 | 71.5 | 32.7 | N/A | 11.3% |
| Others | 14.1 | 18.7 | 6.9 | N/A | -30.0% |
| Total | 345 | 626 | 215 | 1.0 | -85.7% |
Top Export Markets for Refined Copper Tube and Pipe from Israel in 2022:
- United States (86.0 kg)
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