Price for Copper Alloy Tube or Pipe Fitting in Bulgaria - 2023
Contents:
- Price for Copper Alloy Tube or Pipe Fitting in Bulgaria (CIF) - 2023
- Price for Copper Alloy Tube or Pipe Fitting in Bulgaria (FOB) - 2023
- Imports of Copper Alloy Tube or Pipe Fitting in Bulgaria
- Exports of Copper Alloy Tube or Pipe Fitting in Bulgaria
Price for Copper Alloy Tube or Pipe Fitting in Bulgaria (CIF) - 2023
In December 2023, the average import price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys amounted to $20,418 per ton, falling by -4.2% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 an increase of 27% month-to-month. The import price peaked at $22,177 per ton in April 2023; however, from May 2023 to December 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($29,451 per ton), while the price for India ($12,523 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Spain (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Copper Alloy Tube or Pipe Fitting in Bulgaria (FOB) - 2023
The average export price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys stood at $15,007 per ton in December 2023, declining by -39.6% against the previous month. Overall, the export price recorded a pronounced decrease. The growth pace was the most rapid in June 2023 an increase of 88% against the previous month. As a result, the export price reached the peak level of $31,347 per ton. From July 2023 to December 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was North Macedonia ($32,650 per ton), while the average price for exports to France ($3,001 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Copper Alloy Tube or Pipe Fitting in Bulgaria
In 2022, supplies from abroad of tube or pipe fittings, couplings, elbows, sleeves of copper alloys decreased by -23.5% to 1.4K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +5.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 32%.
In value terms, imports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys contracted to $25M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +15.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.0% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 39% against the previous year.
| Import of Copper Alloy Tube or Pipe Fitting in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 6.0 | 9.3 | 11.3 | 9.6 | 17.0% |
| China | 1.4 | 2.4 | 3.3 | 3.6 | 37.0% |
| Spain | 2.2 | 2.6 | 4.1 | 3.2 | 13.3% |
| Germany | 3.5 | 4.7 | 4.0 | 2.3 | -13.1% |
| Turkey | 1.4 | 1.5 | 2.3 | 1.9 | 10.7% |
| United Kingdom | N/A | N/A | 0.8 | 1.5 | 87.5% |
| India | 0.3 | 0.5 | 1.4 | 1.2 | 58.7% |
| Greece | 0.5 | 0.4 | 0.4 | 0.5 | 0.0% |
| Others | 1.0 | 1.2 | 1.6 | 1.5 | 14.5% |
| Total | 16.3 | 22.6 | 29.1 | 25.2 | 15.6% |
Top Suppliers of Copper Alloy Tube or Pipe Fitting to Bulgaria in 2022:
- Italy (456.7 tons)
- China (268.1 tons)
- Spain (192.0 tons)
- Turkey (149.7 tons)
- Germany (94.5 tons)
- India (86.4 tons)
- United Kingdom (62.7 tons)
- Greece (32.4 tons)
Exports of Copper Alloy Tube or Pipe Fitting in Bulgaria
In 2022, exports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys from Bulgaria surged to 164 tons, jumping by 52% on 2021. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 103%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, exports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys rose notably to $2.1M in 2022. In general, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +22.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -7.9% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 97% against the previous year. As a result, the exports attained the peak of $2.3M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Copper Alloy Tube or Pipe Fitting in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 11.2 | 168 | 139 | 742 | 304.6% |
| Russia | 389 | 475 | 652 | 431 | 3.5% |
| India | N/A | N/A | N/A | 278 | 0% |
| Spain | 414 | 358 | 254 | 88.2 | -40.3% |
| Italy | 14.6 | 84.9 | 48.8 | 79.4 | 75.9% |
| China | 1.4 | 683 | 619 | 67.5 | 264.0% |
| Denmark | 53.2 | 113 | 44.3 | 66.9 | 7.9% |
| Norway | N/A | N/A | 12.3 | 54.0 | 339.0% |
| Turkey | 23.5 | 32.7 | 34.6 | 42.7 | 22.0% |
| Romania | 68.8 | 145 | 52.9 | 40.9 | -15.9% |
| Georgia | 12.5 | 16.6 | 48.3 | 28.7 | 31.9% |
| Armenia | 6.2 | 19.3 | 18.0 | 23.2 | 55.3% |
| Azerbaijan | N/A | 65.4 | N/A | 0.8 | -88.9% |
| Others | 154 | 103 | 57.6 | 142 | -2.7% |
| Total | 1,148 | 2,264 | 1,981 | 2,086 | 22.0% |
Top Export Markets for Copper Alloy Tube or Pipe Fitting from Bulgaria in 2022:
- Germany (65.4 tons)
- India (30.1 tons)
- Russia (27.0 tons)
- Spain (7.1 tons)
- Romania (6.1 tons)
- Italy (5.5 tons)
- Denmark (3.7 tons)
- Turkey (3.2 tons)
- Norway (3.2 tons)
- China (2.9 tons)
- Georgia (2.1 tons)
- Armenia (1.3 tons)
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This report provides an in-depth analysis of the market for copper pipe and fitting in Bulgaria.
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This report provides an in-depth analysis of the global market for copper pipe and fitting.
