Price for Copper Alloy Tube or Pipe Fitting in Iraq - 2022

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

The average import price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys stood at $8,329 per ton in 2022, reducing by -5.5% against the previous year. Overall, the import price continues to indicate a pronounced curtailment. The growth pace was the most rapid in 2016 when the average import price increased by 18% against the previous year. The import price peaked at $13,541 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($13,910 per ton), while the price for China ($5,672 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys stood at $6,750 per ton in 2021, surging by 10% against the previous year. In general, the export price, however, showed a deep setback. The growth pace was the most rapid in 2016 an increase of 31%. As a result, the export price attained the peak level of $18,741 per ton. From 2017 to 2021, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2015 to 2021, the rate of growth in terms of prices for the United Arab Emirates amounted to 0.0% per year.

Imports of Copper Alloy Tube or Pipe Fitting in Iraq

In 2022, imports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys into Iraq soared to 996 tons, picking up by 17% on the previous year's figure. Overall, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +16.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.3% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 33% against the previous year. Over the period under review, imports of attained the maximum in 2022 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 rose sharply to $8.3M in 2022. In general, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +21.0% 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 +77.2% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 38% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Import of Copper Alloy Tube or Pipe Fitting in Iraq (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Turkey	1.6	2.4	2.4	3.1	24.7%
China	2.0	3.0	3.5	3.0	14.5%
United Arab Emirates	0.3	0.3	0.5	0.9	44.2%
Iran	0.1	0.2	0.3	0.3	44.2%
Others	0.6	0.6	0.8	0.9	14.5%
Total	4.7	6.4	7.5	8.3	20.9%

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

China (533.9 tons)
Turkey (283.4 tons)
United Arab Emirates (95.9 tons)
Iran (37.0 tons)

Exports of Copper Alloy Tube or Pipe Fitting in Iraq

In 2021, approx. 44 kg of tube or pipe fittings, couplings, elbows, sleeves of copper alloys were exported from Iraq; with a decrease of -99.3% on 2020. Overall, exports recorded a precipitous curtailment. The smallest decline of -34.6% was in 2020.

In value terms, exports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys dropped remarkably to $297 in 2021. Over the period under review, exports recorded a dramatic contraction. The smallest decline of -34.6% was in 2020.