Price for Refined Copper Tube and Pipe in Spain - 2023
Contents:
- Price for Refined Copper Tube and Pipe in Spain (CIF) - 2023
- Price for Refined Copper Tube and Pipe in Spain (FOB) - 2023
- Imports of Refined Copper Tube and Pipe in Spain
- Exports of Refined Copper Tube and Pipe in Spain
Price for Refined Copper Tube and Pipe in Spain (CIF) - 2023
The average import price for tubes and pipes of refined copper stood at $10,084 per ton in July 2023, waning by -4.5% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in November 2022 when the average import price increased by 59% m-o-m. Over the period under review, average import prices reached the peak figure at $11,444 per ton in April 2023; however, from May 2023 to July 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the highest price was recorded for prices from Austria ($12,181 per ton) and Vietnam ($10,904 per ton), while the price for Italy ($8,885 per ton) and China ($9,507 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Greece (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Refined Copper Tube and Pipe in Spain (FOB) - 2023
The average export price for tubes and pipes of refined copper stood at $10,963 per ton in July 2023, leveling off at the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in December 2022 when the average export price increased by 11% against the previous month. The export price peaked at $11,692 per ton in April 2023; however, from May 2023 to July 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($23,191 per ton), while the average price for exports to the UK ($10,153 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Refined Copper Tube and Pipe in Spain
Refined copper tube and pipe imports into Spain reduced slightly to 16K tons in 2022, dropping by -1.9% on the year before. In general, imports showed a slight shrinkage. The growth pace was the most rapid in 2021 when imports increased by 14%.
In value terms, refined copper tube and pipe imports contracted to $170M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +11.0% 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 +52.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 52% against the previous year. As a result, imports reached the peak of $171M, leveling off in the following year.
| Import of Refined Copper Tube and Pipe in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | 42.2 | 40.7 | 60.7 | 57.7 | 11.0% |
| Italy | 31.3 | 22.7 | 36.8 | 31.8 | 0.5% |
| Vietnam | 5.8 | 6.0 | 15.7 | 21.7 | 55.2% |
| Germany | 18.1 | 20.6 | 19.5 | 18.9 | 1.5% |
| China | 7.1 | 5.9 | 9.9 | 11.4 | 17.1% |
| Turkey | 0.5 | 1.8 | 6.5 | 8.9 | 161.1% |
| Mexico | 6.3 | 3.1 | 5.1 | 6.6 | 1.6% |
| Poland | 3.6 | 2.3 | 2.6 | 2.9 | -7.0% |
| Others | 9.8 | 9.0 | 13.9 | 10.6 | 2.7% |
| Total | 125 | 112 | 171 | 170 | 10.8% |
Top Suppliers of Refined Copper Tube and Pipe to Spain in 2022:
- Greece (5.6K tons)
- Italy (3.6K tons)
- Vietnam (2.0K tons)
- Germany (1.7K tons)
- China (1.1K tons)
- Turkey (0.8K tons)
- Mexico (0.6K tons)
- Poland (0.3K tons)
Exports of Refined Copper Tube and Pipe in Spain
In 2022, approx. 9.6K tons of tubes and pipes of refined copper were exported from Spain; increasing by 6.5% compared with 2021. The total export volume increased at an average annual rate of +3.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 40% 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 reached $103M in 2022. In general, exports showed a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 97% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Refined Copper Tube and Pipe in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 23.1 | 23.7 | 45.0 | 49.0 | 28.5% |
| France | 4.3 | 1.8 | 8.7 | 9.7 | 31.1% |
| Poland | 3.1 | 3.4 | 7.0 | 9.6 | 45.8% |
| Morocco | 4.9 | 3.2 | 5.9 | 8.2 | 18.7% |
| Portugal | 4.9 | 4.0 | 5.4 | 6.6 | 10.4% |
| Italy | 1.2 | 1.4 | 2.9 | 4.8 | 58.7% |
| Germany | 1.4 | 1.8 | 3.8 | 3.6 | 37.0% |
| Algeria | 12.5 | 3.7 | 7.6 | 3.2 | -36.5% |
| Romania | 3.5 | 2.5 | 3.6 | 1.9 | -18.4% |
| Others | 5.6 | 4.6 | 8.7 | 6.6 | 5.6% |
| Total | 64.2 | 50.0 | 98.7 | 103 | 17.1% |
Top Export Markets for Refined Copper Tube and Pipe from Spain in 2022:
- United Kingdom (4863.9 tons)
- Poland (895.0 tons)
- France (831.7 tons)
- Morocco (717.7 tons)
- Portugal (494.9 tons)
- Italy (453.8 tons)
- Germany (319.4 tons)
- Algeria (284.8 tons)
- Romania (173.3 tons)
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