Price for Copper Alloy Tube or Pipe Fitting in New Zealand - 2024
Contents:
- Price for Copper Alloy Tube or Pipe Fitting in New Zealand (CIF) - 2024
- Price for Copper Alloy Tube or Pipe Fitting in New Zealand (FOB) - 2022
- Imports of Copper Alloy Tube or Pipe Fitting in New Zealand
- Exports of Copper Alloy Tube or Pipe Fitting in New Zealand
Price for Copper Alloy Tube or Pipe Fitting in New Zealand (CIF) - 2024
The average import price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys stood at $16,449 per ton in January 2024, leveling off at the previous month. Over the period under review, the import price showed a slight slump. The most prominent rate of growth was recorded in November 2023 an increase of 16% m-o-m. Over the period under review, average import prices reached the peak figure at $21,864 per ton in March 2023; however, from April 2023 to January 2024, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Taiwan (Chinese) ($49,410 per ton), while the price for China ($14,138 per ton) was amongst the lowest.
From February 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Germany (+4.2%), while the prices for the other major suppliers experienced a decline.
Price for Copper Alloy Tube or Pipe Fitting in New Zealand (FOB) - 2022
In 2022, the average export price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys amounted to $18,267 per ton, waning by -22.9% against the previous year. Overall, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 an increase of 26%. The export price peaked at $23,686 per ton in 2021, and then shrank markedly in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($24,289 per ton), while the average price for exports to Australia ($13,733 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Copper Alloy Tube or Pipe Fitting in New Zealand
In 2022, imports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys into New Zealand dropped sharply to 1.3K tons, with a decrease of -21.4% against the year before. Over the period under review, imports recorded a pronounced decline. The growth pace was the most rapid in 2021 when imports increased by 32% against the previous year. As a result, imports reached the peak of 1.6K tons, and then contracted notably in the following year.
In value terms, imports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys dropped significantly to $22M in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 46%. As a result, imports attained the peak of $28M, and then dropped remarkably in the following year.
| Import of Copper Alloy Tube or Pipe Fitting in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 14.6 | 13.2 | 19.8 | 14.9 | 0.7% |
| Taiwan (Chinese) | 0.9 | 0.7 | 0.8 | 1.5 | 18.6% |
| Germany | 1.2 | 1.3 | 1.7 | 1.3 | 2.7% |
| Australia | 1.6 | 1.2 | 1.2 | 1.2 | -9.1% |
| Italy | 0.5 | 0.4 | 0.6 | 0.7 | 11.9% |
| Austria | 0.8 | 0.2 | 0.5 | 0.5 | -14.5% |
| Others | 2.8 | 1.9 | 2.9 | 2.4 | -5.0% |
| Total | 22.3 | 18.9 | 27.6 | 22.5 | 0.3% |
Top Suppliers of Copper Alloy Tube or Pipe Fitting to New Zealand in 2022:
- China (1024.4 tons)
- Germany (52.3 tons)
- Australia (48.0 tons)
- Taiwan (Chinese) (31.6 tons)
- Austria (27.7 tons)
- Italy (21.3 tons)
Exports of Copper Alloy Tube or Pipe Fitting in New Zealand
In 2022, shipments abroad of tube or pipe fittings, couplings, elbows, sleeves of copper alloys was finally on the rise to reach 170 tons after two years of decline. In general, exports, however, saw a abrupt descent.
In value terms, exports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys soared to $3.1M in 2022. Over the period under review, exports, however, continue to indicate a abrupt contraction.
| Export of Copper Alloy Tube or Pipe Fitting in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,032 | 114 | 517 | 1,532 | 14.1% |
| Australia | 3,004 | 719 | 178 | 1,259 | -25.2% |
| Cook Islands | 87.5 | 69.3 | 65.0 | 73.8 | -5.5% |
| Samoa | 71.4 | 29.7 | 43.5 | 59.3 | -6.0% |
| Fiji | 66.2 | 29.9 | 54.5 | 23.8 | -28.9% |
| Thailand | 270 | 175 | 14.3 | 13.3 | -63.3% |
| Sri Lanka | N/A | N/A | 188 | N/A | 0% |
| Others | 246 | 104 | 129 | 141 | -16.9% |
| Total | 4,778 | 1,240 | 1,190 | 3,102 | -13.4% |
Top Export Markets for Copper Alloy Tube or Pipe Fitting from New Zealand in 2022:
- Australia (91.7 tons)
- United States (63.1 tons)
- Cook Islands (4.8 tons)
- Samoa (4.2 tons)
- Fiji (1.5 tons)
- Thailand (0.5 tons)
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This report provides an in-depth analysis of the market for copper pipe and fitting in New Zealand.
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This report provides an in-depth analysis of the global market for copper pipe and fitting.
