Price for Copper Alloy Tube or Pipe Fitting in China - 2024
Contents:
- Price for Copper Alloy Tube or Pipe Fitting in China (FOB) - 2024
- Price for Copper Alloy Tube or Pipe Fitting in China (CIF) - 2024
- Exports of Copper Alloy Tube or Pipe Fitting in China
- Imports of Copper Alloy Tube or Pipe Fitting in China
Price for Copper Alloy Tube or Pipe Fitting in China (FOB) - 2024
The average export price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys stood at $11,354 per ton in December 2023, increasing by 1.9% against the previous month. In general, the export price, however, continues to indicate a slight decrease. The export price peaked at $13,087 per ton in February 2023; however, from March 2023 to December 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Japan ($21,437 per ton), while the average price for exports to Poland ($9,035 per ton) was amongst the lowest.
From February 2023 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+0.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Copper Alloy Tube or Pipe Fitting in China (CIF) - 2024
The average import price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys stood at $37,488 per ton in December 2023, waning by -7% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2023 when the average import price increased by 11% m-o-m. Over the period under review, average import prices hit record highs at $40,311 per ton in November 2023, and then dropped in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($106K per ton), while the price for Sri Lanka ($5,925 per ton) was amongst the lowest.
From February 2023 to December 2023, the most notable rate of growth in terms of prices was attained by Sri Lanka (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Copper Alloy Tube or Pipe Fitting in China
In 2022, the amount of tube or pipe fittings, couplings, elbows, sleeves of copper alloys exported from China dropped to 99K tons, waning by -5.8% on the previous year's figure. The total export volume increased at an average annual rate of +3.6% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 22%. As a result, the exports reached the peak of 105K tons, and then contracted in the following year.
In value terms, exports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys declined slightly to $1.2B in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +11.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +43.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 45% against the previous year. As a result, the exports reached the peak of $1.2B, leveling off in the following year.
| Export of Copper Alloy Tube or Pipe Fitting in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 128 | 128 | 180 | 185 | 13.1% |
| Russia | 57.4 | 52.3 | 84.7 | 83.6 | 13.4% |
| Germany | 55.4 | 58.7 | 75.7 | 73.6 | 9.9% |
| France | 52.9 | 50.3 | 71.1 | 71.0 | 10.3% |
| Australia | 53.8 | 52.4 | 67.4 | 68.4 | 8.3% |
| Japan | 55.8 | 47.2 | 62.9 | 67.9 | 6.8% |
| Poland | 39.0 | 44.2 | 63.0 | 67.2 | 19.9% |
| Spain | 51.3 | 38.7 | 75.6 | 61.9 | 6.5% |
| United Kingdom | 36.2 | 29.1 | 45.5 | 41.3 | 4.5% |
| Canada | 20.5 | 23.0 | 34.8 | 34.1 | 18.5% |
| Mexico | 17.6 | 19.8 | 28.1 | 31.2 | 21.0% |
| South Korea | 14.0 | 13.7 | 19.8 | 22.2 | 16.6% |
| South Africa | 13.6 | 15.9 | 20.6 | 21.8 | 17.0% |
| Others | 274 | 263 | 382 | 374 | 10.9% |
| Total | 870 | 837 | 1,211 | 1,203 | 11.4% |
Top Export Markets for Copper Alloy Tube or Pipe Fitting from China in 2022:
- United States (12.1K tons)
- Russia (8.4K tons)
- Poland (6.8K tons)
- France (6.5K tons)
- Australia (5.2K tons)
- Spain (5.2K tons)
- Germany (5.1K tons)
- Japan (3.4K tons)
- United Kingdom (3.3K tons)
- Mexico (2.6K tons)
- Canada (2.3K tons)
- South Africa (1.9K tons)
- South Korea (1.9K tons)
Imports of Copper Alloy Tube or Pipe Fitting in China
In 2022, supplies from abroad of tube or pipe fittings, couplings, elbows, sleeves of copper alloys decreased by -21.3% to 3.9K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +1.1% 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 with an increase of 27%. As a result, imports attained the peak of 5K tons, and then contracted markedly in the following year.
In value terms, imports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys plummeted to $136M in 2022. The total import value increased at an average annual rate of +4.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 29%. As a result, imports attained the peak of $168M, and then reduced sharply in the following year.
| Import of Copper Alloy Tube or Pipe Fitting in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 25.9 | 27.9 | 36.2 | 32.2 | 7.5% |
| Germany | 22.3 | 26.9 | 34.3 | 23.4 | 1.6% |
| Italy | 12.5 | 13.3 | 20.8 | 19.3 | 15.6% |
| Singapore | 10.7 | 12.2 | 13.1 | 10.8 | 0.3% |
| United States | 10.2 | 9.9 | 10.1 | 10.2 | 0.0% |
| Taiwan (Chinese) | 6.5 | 7.1 | 11.8 | 9.7 | 14.3% |
| United Kingdom | 9.2 | 7.1 | 8.7 | 7.1 | -8.3% |
| South Korea | 4.3 | 4.7 | 8.4 | 6.2 | 13.0% |
| France | 4.3 | 3.6 | 6.8 | 5.4 | 7.9% |
| Vietnam | 0.3 | 0.4 | 0.7 | 1.8 | 81.7% |
| Norway | 3.9 | 4.3 | 3.5 | 1.1 | -34.4% |
| Others | 9.1 | 12.1 | 13.1 | 8.7 | -1.5% |
| Total | 119 | 130 | 168 | 136 | 4.6% |
Top Suppliers of Copper Alloy Tube or Pipe Fitting to China in 2022:
- Japan (987.9 tons)
- Italy (683.4 tons)
- Germany (487.5 tons)
- Taiwan (Chinese) (373.5 tons)
- United Kingdom (322.7 tons)
- Singapore (242.1 tons)
- South Korea (203.4 tons)
- United States (155.1 tons)
- France (103.4 tons)
- Vietnam (67.9 tons)
- Norway (65.4 tons)
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