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

Contents:

1. Price for Copper Alloy Tube or Pipe Fitting in Finland (CIF) - 2023
2. Price for Copper Alloy Tube or Pipe Fitting in Finland (FOB) - 2023
3. Imports of Copper Alloy Tube or Pipe Fitting in Finland
4. Exports of Copper Alloy Tube or Pipe Fitting in Finland

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

In December 2023, the average import price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys amounted to $27,183 per ton, declining by -18.7% against the previous month. In general, import price indicated a slight expansion from December 2022 to December 2023: its price increased at an average monthly rate of +1.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, import price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys decreased by -18.7% against November 2023 indices. The pace of growth was the most pronounced in May 2023 an increase of 44% against the previous month. Over the period under review, average import prices hit record highs at $33,444 per ton in November 2023, and then contracted notably in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was Denmark ($43,578 per ton), while the price for China ($13,854 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 Sweden (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys stood at $27,003 per ton in December 2023, approximately equating the previous month. Over the period from December 2022 to December 2023, it increased at an average monthly rate of +2.1%. The most prominent rate of growth was recorded in August 2023 when the average export price increased by 15% against the previous month. The export price peaked at $27,058 per ton in November 2023, and then declined in the following month.

There were significant differences in the average prices for the major foreign markets. In December 2023, the country with the highest price was Poland ($44,524 per ton), while the average price for exports to Austria ($13,396 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 Poland (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Alloy Tube or Pipe Fitting in Finland

In 2022, approx. 1.5K tons of tube or pipe fittings, couplings, elbows, sleeves of copper alloys were imported into Finland; rising by 11% compared with the year before. The total import volume increased at an average annual rate of +6.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 13%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, imports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys expanded markedly to $33M in 2022. The total import value increased at an average annual rate of +5.2% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. Sweden (683.8 tons)
2. China (246.1 tons)
3. Germany (208.3 tons)
4. Italy (111.9 tons)
5. Turkey (95.6 tons)
6. Hong Kong SAR (37.6 tons)
7. Poland (36.1 tons)
8. Norway (17.7 tons)

Exports of Copper Alloy Tube or Pipe Fitting in Finland

For the fourth consecutive year, Finland recorded growth in overseas shipments of tube or pipe fittings, couplings, elbows, sleeves of copper alloys, which increased by 3.5% to 333 tons in 2022. The total export volume increased at an average annual rate of +6.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 8.6%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, exports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys reached $7.3M in 2022. The total export value increased at an average annual rate of +6.8% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 10%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.

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

1. Sweden (81.7 tons)
2. Poland (40.2 tons)
3. Belgium (37.4 tons)
4. Germany (32.3 tons)
5. Italy (30.8 tons)
6. Netherlands (26.5 tons)
7. Austria (20.8 tons)
8. Israel (16.7 tons)
9. Norway (8.5 tons)

Source: IndexBox Market Intelligence Platform