Price for Copper Tube or Pipe Fitting in India - 2023

Contents:

1. Price for Copper Tube or Pipe Fitting in India (CIF) - 2022
2. Price for Copper Tube or Pipe Fitting in India (FOB) - 2022
3. Imports of Copper Tube or Pipe Fitting in India
4. Exports of Copper Tube or Pipe Fitting in India

Price for Copper Tube or Pipe Fitting in India (CIF) - 2022

In 2022, the average import price for tube or pipe fittings, couplings, elbows, sleeves of refined copper amounted to $19,693 per ton, therefore, remained relatively stable against the previous year. Over the period under review, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper tube or pipe fitting import price increased by +63.5% against 2019 indices. The pace of growth appeared the most rapid in 2014 an increase of 39%. Over the period under review, average import prices attained the peak figure at $19,712 per ton in 2021, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($28,905 per ton), while the price for Thailand ($6,231 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper Tube or Pipe Fitting in India (FOB) - 2022

The average export price for tube or pipe fittings, couplings, elbows, sleeves of refined copper stood at $17,009 per ton in 2022, rising by 15% against the previous year. Over the period under review, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +7.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper tube or pipe fitting export price increased by +97.4% against 2018 indices. The pace of growth appeared the most rapid in 2013 an increase of 37%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bangladesh ($35,800 per ton), while the average price for exports to Bhutan ($4,104 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 Malaysia (+26.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Tube or Pipe Fitting in India

After two years of decline, purchases abroad of tube or pipe fittings, couplings, elbows, sleeves of refined copper increased by 110% to 411 tons in 2022. Overall, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, copper tube or pipe fitting imports soared to $8.1M in 2022. In general, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Copper Tube or Pipe Fitting to India in 2022:

1. Germany (204.0 tons)
2. China (164.2 tons)
3. Poland (19.6 tons)
4. Italy (7.2 tons)
5. United Kingdom (1.1 tons)

Exports of Copper Tube or Pipe Fitting in India

In 2022, shipments abroad of tube or pipe fittings, couplings, elbows, sleeves of refined copper decreased by -15.8% to 108 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 104%.

In value terms, copper tube or pipe fitting exports dropped slightly to $1.8M in 2022. Over the period under review, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 147% against the previous year.

Top Export Markets for Copper Tube or Pipe Fitting from India in 2022:

1. Malaysia (22.8 tons)
2. United Arab Emirates (14.3 tons)
3. United States (13.3 tons)
4. Turkey (11.6 tons)
5. Qatar (6.2 tons)
6. Nepal (5.9 tons)
7. Democratic Republic of the Congo (5.7 tons)
8. Saudi Arabia (5.7 tons)
9. Nigeria (3.5 tons)
10. Bhutan (3.4 tons)
11. Bangladesh (2.2 tons)
12. Israel (1.7 tons)

Source: IndexBox Market Intelligence Platform