Price for Refined Copper Tube and Pipe in South Africa - 2023
Contents:
- Price for Refined Copper Tube and Pipe in South Africa (FOB) - 2023
- Price for Refined Copper Tube and Pipe in South Africa (CIF) - 2023
- Exports of Refined Copper Tube and Pipe in South Africa
- Imports of Refined Copper Tube and Pipe in South Africa
Price for Refined Copper Tube and Pipe in South Africa (FOB) - 2023
The average export price for tubes and pipes of refined copper stood at $9,851 per ton in July 2023, with a decrease of -2.7% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 when the average export price increased by 6.5% against the previous month. Over the period under review, the average export prices attained the maximum at $10,584 per ton in January 2023; however, from February 2023 to July 2023, the export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In July 2023, the countries with the highest prices were Zimbabwe ($11,581 per ton) and Saudi Arabia ($9,961 per ton), while the average price for exports to Oman ($9,597 per ton) and the United Arab Emirates ($9,691 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Zimbabwe (+5.5%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Refined Copper Tube and Pipe in South Africa (CIF) - 2023
In July 2023, the average import price for tubes and pipes of refined copper amounted to $9,763 per ton, increasing by 8.1% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 15% m-o-m. The import price peaked at $11,800 per ton in August 2022; however, from September 2022 to July 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was India ($22,915 per ton), while the price for China totaled $9,616 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Australia (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Refined Copper Tube and Pipe in South Africa
In 2022, refined copper tube and pipe exports from South Africa expanded remarkably to 6.2K tons, growing by 8.6% on 2021 figures. Over the period under review, exports recorded a mild increase. The pace of growth was the most pronounced in 2021 when exports increased by 24% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, refined copper tube and pipe exports skyrocketed to $65M in 2022. In general, exports posted a prominent expansion. The growth pace was the most rapid in 2021 when exports increased by 81% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.
| Export of Refined Copper Tube and Pipe in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 25.8 | 16.4 | 34.4 | 38.2 | 14.0% |
| Egypt | 5.5 | 3.5 | 4.6 | 3.6 | -13.2% |
| Saudi Arabia | 0.8 | 0.7 | 1.7 | 3.5 | 63.6% |
| Nigeria | 1.0 | 0.9 | 2.0 | 3.5 | 51.8% |
| Ghana | 1.0 | 1.1 | 1.5 | 3.0 | 44.2% |
| Zimbabwe | 1.2 | 2.3 | 3.7 | 2.8 | 32.6% |
| Oman | 3.5 | 1.4 | 1.6 | 2.7 | -8.3% |
| Iraq | 1.1 | 1.3 | 1.6 | 2.2 | 26.0% |
| Botswana | 0.8 | 0.4 | 1.6 | 1.2 | 14.5% |
| Others | 3.3 | 2.7 | 2.9 | 4.2 | 8.4% |
| Total | 44.0 | 30.6 | 55.6 | 64.8 | 13.8% |
Top Export Markets for Refined Copper Tube and Pipe from South Africa in 2022:
- United Arab Emirates (3593.1 tons)
- Zimbabwe (464.7 tons)
- Saudi Arabia (332.3 tons)
- Nigeria (329.1 tons)
- Egypt (325.2 tons)
- Ghana (279.6 tons)
- Oman (251.1 tons)
- Iraq (202.2 tons)
- Botswana (96.7 tons)
Imports of Refined Copper Tube and Pipe in South Africa
Refined copper tube and pipe imports into South Africa shrank slightly to 2K tons in 2022, waning by -3.1% compared with the previous year's figure. The total import volume increased at an average annual rate of +9.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 36%. As a result, imports attained the peak of 2K tons, and then dropped slightly in the following year.
In value terms, refined copper tube and pipe imports totaled $20M in 2022. Over the period under review, imports, however, showed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 101% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.
| Import of Refined Copper Tube and Pipe in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 9.0 | 8.4 | 17.6 | 17.9 | 25.8% |
| Italy | 0.2 | 0.5 | 0.6 | 0.7 | 51.8% |
| India | N/A | N/A | 0.1 | 0.4 | 300.0% |
| Greece | 0.8 | 0.5 | 0.5 | 0.3 | -27.9% |
| Others | 0.9 | 0.6 | 1.3 | 1.0 | 3.6% |
| Total | 10.9 | 10.0 | 20.1 | 20.3 | 23.0% |
Top Suppliers of Refined Copper Tube and Pipe to South Africa in 2022:
- China (1782.6 tons)
- Italy (60.5 tons)
- India (35.4 tons)
- Greece (32.4 tons)
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