Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Italy - 2023

Contents:

1. Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Italy (CIF) - 2023
2. Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Italy (FOB) - 2022
3. Imports of Tubing; Flexible, with or Without Fittings, of Base Metal in Italy
4. Exports of Tubing; Flexible, with or Without Fittings, of Base Metal in Italy

Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Italy (CIF) - 2023

In November 2023, the average import price for tubing; flexible, with or without fittings, of base metals amounted to $12,232 per ton, with an increase of 12% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2023 an increase of 43% against the previous month. As a result, import price reached the peak level of $15,064 per ton. From September 2023 to November 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Switzerland ($72,336 per ton), while the price for Israel ($3,437 per ton) was amongst the lowest.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Switzerland (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Italy (FOB) - 2022

The average export price for tubing; flexible, with or without fittings, of base metals stood at $18,121 per ton in 2022, with an increase of 5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The pace of growth was the most pronounced in 2016 an increase of 43% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($45,059 per ton), while the average price for exports to Tunisia ($6,431 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tubing; Flexible, with or Without Fittings, of Base Metal in Italy

In 2022, the amount of tubing; flexible, with or without fittings, of base metals imported into Italy expanded slightly to 6.8K tons, growing by 4.3% compared with the year before. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +12.2% 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 +53.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 47%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of tubing; flexible, with or without fittings, of base metals rose notably to $84M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +16.4% 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 +71.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 51%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Top Suppliers of Tubing; Flexible, with or Without Fittings, of Base Metal to Italy in 2022:

1. China (2617.4 tons)
2. Turkey (875.5 tons)
3. Germany (804.9 tons)
4. Netherlands (482.5 tons)
5. India (458.1 tons)
6. Poland (353.7 tons)
7. Spain (315.9 tons)
8. Bulgaria (230.3 tons)

Exports of Tubing; Flexible, with or Without Fittings, of Base Metal in Italy

In 2022, overseas shipments of tubing; flexible, with or without fittings, of base metals were finally on the rise to reach 3.4K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, recorded a relatively flat trend pattern.

In value terms, exports of tubing; flexible, with or without fittings, of base metals expanded notably to $62M in 2022. The total export value increased at an average annual rate of +3.7% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Tubing; Flexible, with or Without Fittings, of Base Metal from Italy in 2022:

1. Germany (755.7 tons)
2. France (328.3 tons)
3. Spain (156.6 tons)
4. Switzerland (132.8 tons)
5. Tunisia (127.3 tons)
6. Romania (117.5 tons)
7. Poland (114.5 tons)
8. United States (114.3 tons)
9. Netherlands (112.9 tons)
10. Sweden (106.8 tons)
11. Belgium (106.2 tons)
12. Turkey (84.7 tons)
13. Chile (80.1 tons)

Source: IndexBox Market Intelligence Platform