Price for Refined Copper Tube and Pipe in Sri Lanka - 2021
Contents:
- Price for Refined Copper Tube and Pipe in Sri Lanka (CIF) - 2022
- Price for Refined Copper Tube and Pipe in Sri Lanka (FOB) - 2022
- Imports of Refined Copper Tube and Pipe in Sri Lanka
- Exports of Refined Copper Tube and Pipe in Sri Lanka
Price for Refined Copper Tube and Pipe in Sri Lanka (CIF) - 2022
The average import price for tubes and pipes of refined copper stood at $10,116 per ton in 2022, reducing by -5.9% against the previous year. In general, the import price, however, continues to indicate a modest expansion. The pace of growth was the most pronounced in 2018 when the average import price increased by 366% against the previous year. As a result, import price reached the peak level of $31,816 per ton. From 2019 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($12,992 per ton), while the price for Singapore ($2,467 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Refined Copper Tube and Pipe in Sri Lanka (FOB) - 2022
In 2022, the average export price for tubes and pipes of refined copper amounted to $9,616 per ton, increasing by 31% against the previous year. Overall, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +2.0% 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 +117.5% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 67%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was India ($9,625 per ton), while the average price for exports to Maldives stood at $6,995 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Seychelles (+63.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Refined Copper Tube and Pipe in Sri Lanka
In 2022, approx. 267 tons of tubes and pipes of refined copper were imported into Sri Lanka; standing approx. at 2021 figures. Overall, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +9.9% 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 +41.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 42%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.
In value terms, refined copper tube and pipe imports shrank to $2.7M in 2022. Over the period under review, imports posted a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 118%. As a result, imports reached the peak of $2.9M, and then declined in the following year.
| Import of Refined Copper Tube and Pipe in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,111 | 1,066 | 2,342 | 2,127 | 24.2% |
| Vietnam | N/A | 61.3 | 22.1 | 378 | 148.3% |
| South Korea | 149 | 40.7 | 40.0 | 70.6 | -22.0% |
| India | 39.0 | 60.2 | 110 | 49.3 | 8.1% |
| Hong Kong SAR | 138 | N/A | 121 | N/A | -6.4% |
| Others | 47.0 | 87.9 | 230 | 78.3 | 18.5% |
| Total | 1,483 | 1,316 | 2,866 | 2,702 | 22.1% |
Top Suppliers of Refined Copper Tube and Pipe to Sri Lanka in 2022:
- China (209.8 tons)
- Vietnam (35.6 tons)
- South Korea (12.1 tons)
- India (3.8 tons)
Exports of Refined Copper Tube and Pipe in Sri Lanka
Refined copper tube and pipe exports from Sri Lanka dropped to 60 tons in 2022, waning by -1.6% compared with 2021. In general, exports continue to indicate a precipitous curtailment.
In value terms, refined copper tube and pipe exports soared to $573K in 2022. Overall, exports continue to indicate a significant decrease. The growth pace was the most rapid in 2021 with an increase of 40% against the previous year.
| Export of Refined Copper Tube and Pipe in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 3,044 | N/A | N/A | 572 | -42.7% |
| Maldives | 90.9 | N/A | 445 | 1.4 | -75.1% |
| Others | 4.9 | 319 | 0.5 | N/A | -68.1% |
| Total | 3,139 | 319 | 446 | 573 | -43.3% |
Top Export Markets for Refined Copper Tube and Pipe from Sri Lanka in 2022:
- India (59.4 tons)
- Maldives (0.2 tons)
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