Price for Copper Alloy Tube or Pipe Fitting in Serbia - 2024
Contents:
- Price for Copper Alloy Tube or Pipe Fitting in Serbia (CIF) - 2024
- Price for Copper Alloy Tube or Pipe Fitting in Serbia (FOB) - 2024
- Imports of Copper Alloy Tube or Pipe Fitting in Serbia
- Exports of Copper Alloy Tube or Pipe Fitting in Serbia
Price for Copper Alloy Tube or Pipe Fitting in Serbia (CIF) - 2024
In January 2024, the average import price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys amounted to $14,027 per ton, dropping by -29% against the previous month. In general, the import price showed a noticeable shrinkage. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 54% m-o-m. The import price peaked at $21,554 per ton in February 2023; however, from March 2023 to January 2024, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was India ($100K per ton), while the price for Turkey ($9,915 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 India (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Copper Alloy Tube or Pipe Fitting in Serbia (FOB) - 2024
The average export price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys stood at $34,344 per ton in January 2024, approximately reflecting the previous month. Over the last eleven-month period, it increased at an average monthly rate of +1.5%. The growth pace was the most rapid in June 2023 an increase of 15% month-to-month. Over the period under review, the average export prices reached the maximum at $34,731 per ton in December 2023, and then shrank slightly in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Russia ($37,697 per ton), while the average price for exports to North Macedonia ($9,565 per ton) was amongst the lowest.
From February 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Copper Alloy Tube or Pipe Fitting in Serbia
Imports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys into Serbia fell sharply to 508 tons in 2022, which is down by -31.9% compared with 2021. Overall, imports continue to indicate a abrupt decline. The growth pace was the most rapid in 2021 when imports increased by 20% against the previous year. As a result, imports reached the peak of 746 tons, and then reduced remarkably in the following year.
In value terms, imports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys contracted significantly to $8.3M in 2022. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 26%. As a result, imports reached the peak of $10M, and then declined significantly in the following year.
| Import of Copper Alloy Tube or Pipe Fitting in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 5.3 | 4.5 | 4.6 | 3.8 | -10.5% |
| China | 0.4 | 0.5 | 0.9 | 1.1 | 40.1% |
| Germany | 1.0 | 1.1 | 1.5 | 1.1 | 3.2% |
| Turkey | 0.1 | 0.6 | 1.6 | 0.7 | 91.3% |
| Hungary | 0.1 | 0.2 | 0.2 | 0.2 | 26.0% |
| Austria | 0.2 | 0.3 | 0.3 | 0.2 | 0.0% |
| Slovakia | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Others | 0.9 | 1.0 | 1.1 | 1.1 | 6.9% |
| Total | 8.1 | 8.2 | 10.3 | 8.3 | 0.8% |
Top Suppliers of Copper Alloy Tube or Pipe Fitting to Serbia in 2022:
- Italy (236.4 tons)
- China (74.6 tons)
- Turkey (65.2 tons)
- Germany (47.4 tons)
- Austria (14.6 tons)
- Hungary (13.9 tons)
- Slovakia (9.4 tons)
Exports of Copper Alloy Tube or Pipe Fitting in Serbia
After three years of growth, shipments abroad of tube or pipe fittings, couplings, elbows, sleeves of copper alloys decreased by -7.4% to 165 tons in 2022. The total export volume increased at an average annual rate of +5.5% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 17% against the previous year.
In value terms, exports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys expanded modestly to $2.4M in 2022. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +14.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.4% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 26%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in the immediate term.
| Export of Copper Alloy Tube or Pipe Fitting in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Croatia | 248 | 404 | 572 | 616 | 35.4% |
| Montenegro | 394 | 310 | 304 | 329 | -5.8% |
| Bosnia and Herzegovina | 229 | 259 | 283 | 273 | 6.0% |
| North Macedonia | 247 | 196 | 231 | 220 | -3.8% |
| Italy | 39.1 | 312 | 329 | 218 | 77.3% |
| Romania | 107 | 110 | 165 | 172 | 17.1% |
| Hungary | 70.9 | 51.8 | 51.5 | 94.8 | 10.2% |
| Others | 220 | 319 | 331 | 432 | 25.2% |
| Total | 1,554 | 1,963 | 2,265 | 2,353 | 14.8% |
Top Export Markets for Copper Alloy Tube or Pipe Fitting from Serbia in 2022:
- Croatia (41.6 tons)
- Montenegro (27.3 tons)
- Bosnia and Herzegovina (19.2 tons)
- North Macedonia (18.3 tons)
- Romania (14.3 tons)
- Italy (13.3 tons)
- Hungary (6.3 tons)
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This report provides an in-depth analysis of the market for copper pipe and fitting in Serbia.
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This report provides an in-depth analysis of the global market for copper pipe and fitting.
