Price for Copper Alloy Tube or Pipe Fitting in Estonia - 2023

Price for Copper Alloy Tube or Pipe Fitting in Estonia (CIF) - 2023

The average import price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys stood at $19,774 per ton in December 2023, picking up by 3.6% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.0%. The pace of growth was the most pronounced in July 2023 an increase of 17% against the previous month. Over the period under review, average import prices reached the peak figure at $23,509 per ton in April 2023; however, from May 2023 to December 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Sweden ($28,552 per ton), while the price for China ($12,744 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 Poland (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper Alloy Tube or Pipe Fitting in Estonia (FOB) - 2023

The average export price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys stood at $31,931 per ton in December 2023, surging by 4.6% against the previous month. Over the period from December 2022 to December 2023, it increased at an average monthly rate of +1.0%. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 14% m-o-m. As a result, the export price reached the peak level of $33,548 per ton. From May 2023 to December 2023, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In December 2023, the country with the highest price was Latvia ($38,918 per ton), while the average price for exports to Finland ($24,854 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 Russia (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Alloy Tube or Pipe Fitting in Estonia

In 2022, imports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys into Estonia surged to 788 tons, with an increase of 23% against 2021 figures. The total import volume increased at an average annual rate of +7.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys soared to $14M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +13.6% 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 +51.0% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Copper Alloy Tube or Pipe Fitting in Estonia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Sweden	1.9	1.9	2.1	4.1	29.2%
China	2.7	2.0	2.2	3.5	9.0%
Germany	2.2	2.5	2.5	2.7	7.1%
Italy	1.5	1.2	1.5	1.5	0.0%
Poland	0.3	0.5	0.7	0.8	38.7%
Lithuania	N/A	0.4	0.3	0.4	0.0%
Latvia	N/A	0.3	0.3	0.4	15.5%
Spain	0.2	0.2	0.2	0.2	0.0%
Others	1.0	0.5	0.7	0.6	-15.7%
Total	9.7	9.4	10.5	14.2	13.5%

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

China (242.6 tons)
Sweden (192.5 tons)
Germany (137.7 tons)
Italy (91.1 tons)
Poland (53.3 tons)
Latvia (17.3 tons)
Lithuania (14.0 tons)
Spain (11.5 tons)

Exports of Copper Alloy Tube or Pipe Fitting in Estonia

In 2022, overseas shipments of tube or pipe fittings, couplings, elbows, sleeves of copper alloys decreased by -13.7% to 362 tons, falling for the second consecutive year after two years of growth. Overall, exports showed a drastic downturn. The growth pace was the most rapid in 2020 with an increase of 2.4% against the previous year. As a result, the exports reached the peak of 460 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys reduced to $8.3M in 2022. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 11%. As a result, the exports reached the peak of $9.1M. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Export of Copper Alloy Tube or Pipe Fitting in Estonia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Poland	0.2	1.7	4.8	4.9	190.4%
Lithuania	0.8	1.5	2.0	1.7	28.6%
Latvia	1.1	1.2	1.3	1.2	2.9%
Finland	0.3	0.2	0.3	0.3	0.0%
Russia	0.9	0.8	0.3	0.1	-51.9%
Sweden	4.7	3.6	0.2	N/A	-79.4%
Others	0.2	0.1	N/A	0.1	-20.6%
Total	8.2	9.1	8.9	8.3	0.4%