Price for Refined Copper Tube and Pipe in the UK - 2023
Contents:
- Price for Refined Copper Tube and Pipe in the UK (CIF) - 2022
- Price for Refined Copper Tube and Pipe in the UK (FOB) - 2022
- Imports of Refined Copper Tube and Pipe in the UK
- Exports of Refined Copper Tube and Pipe in the UK
Price for Refined Copper Tube and Pipe in the UK (CIF) - 2022
The average import price for tubes and pipes of refined copper stood at $10,381 per ton in 2022, surging by 2.4% 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 +1.3% 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 +52.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 41% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($14,423 per ton), while the price for France ($8,488 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Refined Copper Tube and Pipe in the UK (FOB) - 2022
In 2022, the average export price for tubes and pipes of refined copper amounted to $6,704 per ton, therefore, remained relatively stable against the previous year. Overall, the export price continues to indicate a pronounced descent. The pace of growth was the most pronounced in 2017 when the average export price increased by 45% against the previous year. The export price peaked at $9,593 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Myanmar.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to -2.8% per year.
Imports of Refined Copper Tube and Pipe in the UK
In 2022, the amount of tubes and pipes of refined copper imported into the UK declined dramatically to 30K tons, which is down by -15% on 2021. In general, imports saw a slight slump. The pace of growth was the most pronounced in 2021 when imports increased by 24% against the previous year. As a result, imports attained the peak of 35K tons, and then shrank markedly in the following year.
In value terms, refined copper tube and pipe imports reduced to $309M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +12.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.4% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 74%. As a result, imports reached the peak of $355M, and then fell in the following year.
| Import of Refined Copper Tube and Pipe in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | 70.2 | 67.9 | 91.3 | 96.5 | 11.2% |
| Germany | 32.1 | 39.7 | 69.3 | 49.2 | 15.3% |
| Spain | 27.3 | 24.8 | 68.8 | 49.2 | 21.7% |
| Vietnam | 30.9 | 23.4 | 35.5 | 34.9 | 4.1% |
| South Korea | 17.2 | 16.9 | 26.3 | 23.7 | 11.3% |
| Thailand | 3.6 | 4.9 | 27.0 | 21.8 | 82.3% |
| Italy | 12.3 | 9.7 | 22.8 | 18.2 | 14.0% |
| Others | 21.7 | 16.7 | 14.3 | 15.4 | -10.8% |
| Total | 215 | 204 | 355 | 309 | 12.9% |
Top Suppliers of Refined Copper Tube and Pipe to the UK in 2022:
- Greece (9.9K tons)
- Spain (4.9K tons)
- Germany (4.8K tons)
- Vietnam (3.4K tons)
- South Korea (2.4K tons)
- Italy (1.6K tons)
- Thailand (1.5K tons)
Exports of Refined Copper Tube and Pipe in the UK
In 2022, shipments abroad of tubes and pipes of refined copper decreased by 0% to 4.7K tons, falling for the second year in a row after two years of growth. Overall, exports saw a deep downturn. The growth pace was the most rapid in 2020 when exports increased by 4.2%. As a result, the exports attained the peak of 9.3K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, refined copper tube and pipe exports totaled $31M in 2022. Over the period under review, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 6.9% against the previous year. As a result, the exports attained the peak of $63M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Refined Copper Tube and Pipe in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | N/A | N/A | N/A | 31.3 | 0% |
| Ireland | 20.2 | 18.8 | N/A | N/A | -6.9% |
| Sweden | 24.3 | 24.4 | N/A | N/A | 0.4% |
| United Arab Emirates | 4.2 | 2.7 | N/A | N/A | -35.7% |
| Netherlands | 5.2 | 6.8 | N/A | N/A | 30.8% |
| Others | 4.6 | 9.9 | N/A | N/A | 115.2% |
| Total | 58.6 | 62.6 | N/A | 31.3 | -18.9% |
Top Export Markets for Refined Copper Tube and Pipe from the UK in 2022:
- Myanmar (4.7K tons)
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