Price for Copper Alloy Tube or Pipe Fitting in Norway - 2024
Contents:
- Price for Copper Alloy Tube or Pipe Fitting in Norway (CIF) - 2024
- Price for Copper Alloy Tube or Pipe Fitting in Norway (FOB) - 2024
- Imports of Copper Alloy Tube or Pipe Fitting in Norway
- Exports of Copper Alloy Tube or Pipe Fitting in Norway
Price for Copper Alloy Tube or Pipe Fitting in Norway (CIF) - 2024
In January 2024, the average import price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys amounted to $18,475 per ton, with a decrease of -11.8% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 an increase of 18% month-to-month. Over the period under review, average import prices hit record highs at $22,161 per ton in November 2023; however, from December 2023 to January 2024, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Switzerland ($55,464 per ton), while the price for Turkey ($10,045 per ton) was amongst the lowest.
From February 2023 to January 2024, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Copper Alloy Tube or Pipe Fitting in Norway (FOB) - 2024
In January 2024, the average export price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys amounted to $26,367 per ton, reducing by -25.2% against the previous month. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in December 2023 when the average export price increased by 31% against the previous month. As a result, the export price reached the peak level of $35,239 per ton, and then shrank markedly in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Denmark ($45,074 per ton), while the average price for exports to the Czech Republic ($14,607 per ton) was amongst the lowest.
From February 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+0.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Copper Alloy Tube or Pipe Fitting in Norway
In 2022, overseas purchases of tube or pipe fittings, couplings, elbows, sleeves of copper alloys decreased by -11.3% to 3.5K tons, falling for the second consecutive year after two years of growth. In general, imports saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 2%. As a result, imports attained the peak of 4.1K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys dropped to $67M in 2022. The total import value increased at an average annual rate of +7.8% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 13% against the previous year. As a result, imports attained the peak of $68M, and then declined modestly in the following year.
| Import of Copper Alloy Tube or Pipe Fitting in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 19.3 | 21.1 | 20.1 | 14.0 | -10.1% |
| Turkey | 5.9 | 4.3 | 6.9 | 9.5 | 17.2% |
| Switzerland | 6.6 | 8.2 | 9.8 | 7.7 | 5.3% |
| Germany | 7.0 | 5.2 | 5.8 | 6.9 | -0.5% |
| China | 1.1 | 1.0 | 3.6 | 5.3 | 68.9% |
| Italy | 3.8 | 4.9 | 5.4 | 5.2 | 11.0% |
| Netherlands | 2.9 | 3.3 | 4.1 | 4.9 | 19.1% |
| Others | 6.9 | 12.2 | 12.3 | 13.8 | 26.0% |
| Total | 53.6 | 60.3 | 68.1 | 67.2 | 7.8% |
Top Suppliers of Copper Alloy Tube or Pipe Fitting to Norway in 2022:
- Turkey (982.8 tons)
- Sweden (789.5 tons)
- Netherlands (453.8 tons)
- Germany (246.4 tons)
- China (222.8 tons)
- Italy (212.5 tons)
- Switzerland (144.9 tons)
Exports of Copper Alloy Tube or Pipe Fitting in Norway
In 2022, approx. 727 tons of tube or pipe fittings, couplings, elbows, sleeves of copper alloys were exported from Norway; waning by -9.6% compared with the year before. Overall, exports saw a perceptible contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 2.5% against the previous year.
In value terms, exports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys dropped to $18M in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 12%. As a result, the exports attained the peak of $19M, and then contracted in the following year.
| Export of Copper Alloy Tube or Pipe Fitting in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 4.0 | 3.3 | 4.3 | 4.1 | 0.8% |
| Germany | 3.9 | 4.8 | 4.8 | 4.1 | 1.7% |
| Denmark | 3.9 | 3.9 | 4.3 | 3.9 | 0.0% |
| Netherlands | 0.8 | 0.8 | 1.0 | 1.1 | 11.2% |
| Sweden | 1.2 | 1.2 | 1.2 | 1.1 | -2.9% |
| Czech Republic | 0.7 | 0.6 | 0.7 | 0.8 | 4.6% |
| Spain | 0.5 | 0.4 | 1.0 | 0.7 | 11.9% |
| Hungary | 0.6 | 0.6 | 0.6 | 0.5 | -5.9% |
| Others | 1.9 | 1.6 | 1.5 | 1.4 | -9.7% |
| Total | 17.5 | 17.3 | 19.4 | 17.7 | 0.4% |
Top Export Markets for Copper Alloy Tube or Pipe Fitting from Norway in 2022:
- France (217.1 tons)
- Germany (152.7 tons)
- Denmark (103.6 tons)
- Czech Republic (59.0 tons)
- Spain (48.4 tons)
- Sweden (44.9 tons)
- Netherlands (30.3 tons)
- Hungary (28.3 tons)
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This report provides an in-depth analysis of the market for copper pipe and fitting in Norway.
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This report provides an in-depth analysis of the global market for copper pipe and fitting.
