Price for Brass Tubes and Pipes in Canada - 2023
Contents:
- Price for Brass Tubes and Pipes in Canada (FOB) - 2023
- Price for Brass Tubes and Pipes in Canada (CIF) - 2023
- Exports of Brass Tubes and Pipes in Canada
- Imports of Brass Tubes and Pipes in Canada
Price for Brass Tubes and Pipes in Canada (FOB) - 2023
The average brass tubes and pipes export price stood at $9,120 per ton in September 2023, waning by -11.6% against the previous month. Overall, the export price showed a mild decrease. The pace of growth was the most pronounced in May 2023 an increase of 18% m-o-m. The export price peaked at $12,126 per ton in November 2022; however, from December 2022 to September 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($16,230 per ton), while the average price for exports to Thailand ($6,277 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Brass Tubes and Pipes in Canada (CIF) - 2023
In September 2023, the average brass tubes and pipes import price amounted to $12,428 per ton, which is down by -25.6% against the previous month. Overall, the import price recorded a drastic downturn. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 93% month-to-month. As a result, import price attained the peak level of $30,618 per ton. From April 2023 to September 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was the United States ($24,804 per ton), while the price for Germany ($10,849 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the United States (+1.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Brass Tubes and Pipes in Canada
In 2022, brass tubes and pipes exports from Canada expanded to 3.1K tons, growing by 4.8% against the previous year's figure. The total export volume increased at an average annual rate of +3.8% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of 20%. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, brass tubes and pipes exports expanded notably to $34M in 2022. The total export value increased at an average annual rate of +8.3% from 2019 to 2022; 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 36% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Brass Tubes and Pipes in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 16.4 | 14.3 | 19.7 | 20.7 | 8.1% |
| United Kingdom | 3.4 | 2.7 | 3.7 | 4.9 | 13.0% |
| Australia | 1.9 | 2.7 | 3.6 | 2.6 | 11.0% |
| China | 1.7 | 1.5 | 0.9 | 1.7 | 0.0% |
| Malaysia | 1.2 | 0.6 | 1.0 | 0.9 | -9.1% |
| Thailand | 0.2 | 0.3 | 0.8 | 0.8 | 58.7% |
| Colombia | 0.2 | 0.1 | 0.2 | 0.4 | 26.0% |
| Dominican Republic | 0.4 | 0.2 | 0.5 | 0.2 | -20.6% |
| Others | 1.4 | 1.2 | 1.9 | 1.7 | 6.7% |
| Total | 26.6 | 23.6 | 32.2 | 33.9 | 8.4% |
Top Export Markets for Brass Tubes and Pipes from Canada in 2022:
- United States (1389.6 tons)
- United Kingdom (524.2 tons)
- Australia (363.9 tons)
- China (262.2 tons)
- Malaysia (136.4 tons)
- Thailand (115.3 tons)
- Colombia (50.6 tons)
- Dominican Republic (31.2 tons)
Imports of Brass Tubes and Pipes in Canada
In 2022, imports of tubes and pipes of copper-zinc base alloys (brass) into Canada soared to 1.1K tons, jumping by 22% against the year before. The total import volume increased at an average annual rate of +2.8% 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 23%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, brass tubes and pipes imports soared to $16M in 2022. Over the period under review, imports saw prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Brass Tubes and Pipes in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.4 | 3.4 | 4.5 | 7.2 | 17.8% |
| United States | 1.6 | 1.3 | 2.4 | 2.7 | 19.1% |
| Serbia | 0.4 | 0.6 | 1.2 | 1.7 | 62.0% |
| Singapore | 0.6 | 0.6 | 1.2 | 1.5 | 35.7% |
| Mexico | 1.0 | 0.8 | 0.3 | 1.5 | 14.5% |
| Germany | 0.7 | 0.6 | 0.5 | 0.6 | -5.0% |
| South Korea | 0.1 | 0.1 | 0.1 | 0.4 | 58.7% |
| Others | 1.2 | 0.6 | 1.0 | 0.8 | -12.6% |
| Total | 9.9 | 8.0 | 11.2 | 16.3 | 18.1% |
Top Suppliers of Brass Tubes and Pipes to Canada in 2022:
- China (521.2 tons)
- Serbia (184.7 tons)
- United States (159.0 tons)
- Mexico (104.6 tons)
- Germany (42.8 tons)
- South Korea (39.2 tons)
- Singapore (22.1 tons)
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