Price for Refined Copper Tube and Pipe in Denmark - 2023
Contents:
- Price for Refined Copper Tube and Pipe in Denmark (CIF) - 2023
- Price for Refined Copper Tube and Pipe in Denmark (FOB) - 2023
- Imports of Refined Copper Tube and Pipe in Denmark
- Exports of Refined Copper Tube and Pipe in Denmark
Price for Refined Copper Tube and Pipe in Denmark (CIF) - 2023
In July 2023, the average import price for tubes and pipes of refined copper amounted to $13,274 per ton, increasing by 14% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in January 2023 when the average import price increased by 27% against the previous month. Over the period under review, average import prices reached the peak figure at $15,377 per ton in March 2023; however, from April 2023 to July 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Finland ($21,765 per ton), while the price for Greece ($11,017 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Finland (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Refined Copper Tube and Pipe in Denmark (FOB) - 2023
In July 2023, the average export price for tubes and pipes of refined copper amounted to $18,074 per ton, declining by -9.8% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +1.0%. The pace of growth appeared the most rapid in December 2022 an increase of 16% m-o-m. Over the period under review, the average export prices hit record highs at $20,028 per ton in June 2023, and then reduced in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Iceland ($22,366 per ton), while the average price for exports to Faroe Islands ($10,801 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Iceland (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Refined Copper Tube and Pipe in Denmark
Refined copper tube and pipe imports into Denmark rose to 1.4K tons in 2022, growing by 3.8% against the previous year. The total import volume increased at an average annual rate of +2.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 4% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, refined copper tube and pipe imports rose sharply to $18M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +13.0% 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 +44.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 29% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the near future.
| Import of Refined Copper Tube and Pipe in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 5.4 | 6.5 | 4.7 | 2.9 | -18.7% |
| Greece | 1.7 | 0.9 | 1.0 | 1.3 | -8.6% |
| Sweden | 1.5 | 1.4 | 1.8 | 1.3 | -4.7% |
| Austria | 0.9 | 0.9 | 2.9 | 1.2 | 10.1% |
| Finland | 1.2 | 1.1 | 2.7 | 1.0 | -5.9% |
| Italy | 0.3 | 0.4 | 0.8 | 0.4 | 10.1% |
| China | 0.5 | 0.7 | 1.8 | 0.3 | -15.7% |
| United Kingdom | 0.5 | 0.6 | 0.4 | N/A | -10.6% |
| Poland | 0.4 | 0.5 | 0.5 | N/A | 11.8% |
| Others | 0.3 | 0.3 | 0.6 | 9.8 | 219.7% |
| Total | 12.7 | 13.3 | 17.2 | 18.3 | 12.9% |
Top Suppliers of Refined Copper Tube and Pipe to Denmark in 2022:
- Poland (undefined tons)
- Germany (256.0 tons)
- Austria (123.8 tons)
- Greece (122.1 tons)
- Sweden (104.4 tons)
- Finland (69.1 tons)
- Italy (31.1 tons)
- China (17.3 tons)
- United Kingdom (0.7 tons)
Exports of Refined Copper Tube and Pipe in Denmark
In 2022, refined copper tube and pipe exports from Denmark fell to 382 tons, shrinking by -8.3% against the previous year's figure. Overall, exports recorded a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 13%.
In value terms, refined copper tube and pipe exports expanded notably to $6.4M in 2022. The total export value increased at an average annual rate of +2.2% 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 31% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Export of Refined Copper Tube and Pipe in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 2,918 | 2,030 | 2,104 | 818 | -34.6% |
| Faroe Islands | 217 | 135 | 276 | 259 | 6.1% |
| Finland | 221 | 435 | 315 | 98.4 | -23.6% |
| Germany | 497 | 518 | 686 | 90.2 | -43.4% |
| Norway | 1,048 | 320 | 626 | 65.8 | -60.3% |
| Poland | 195 | 251 | 443 | 32.7 | -44.9% |
| Hungary | 114 | 242 | 331 | 4.2 | -66.7% |
| Others | 792 | 640 | 1,217 | 5,035 | 85.2% |
| Total | 6,002 | 4,571 | 5,997 | 6,403 | 2.2% |
Top Export Markets for Refined Copper Tube and Pipe from Denmark in 2022:
- Sweden (71.8 tons)
- Faroe Islands (25.3 tons)
- Finland (9.0 tons)
- Germany (8.2 tons)
- Norway (3.8 tons)
- Poland (2.4 tons)
- Hungary (0.2 tons)
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