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

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

In December 2023, the average import price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys amounted to $22,436 per ton, shrinking by -3% against the previous month. Over the period from December 2022 to December 2023, it increased at an average monthly rate of +1.8%. The growth pace was the most rapid in May 2023 an increase of 25% m-o-m. Over the period under review, average import prices attained the maximum at $23,141 per ton in November 2023, and then reduced modestly in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($35,634 per ton), while the price for Austria ($10,637 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 (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In December 2023, the average export price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys amounted to $25,857 per ton, rising by 27% against the previous month. Over the period from December 2022 to December 2023, it increased at an average monthly rate of +2.4%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In December 2023, the country with the highest price was Austria ($99,106 per ton), while the average price for exports to the United States ($11,583 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 Austria (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Alloy Tube or Pipe Fitting in Slovakia

For the fourth consecutive year, Slovakia recorded growth in purchases abroad of tube or pipe fittings, couplings, elbows, sleeves of copper alloys, which increased by 15% to 3K tons in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +15.7% 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 +54.8% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 22%. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, imports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys fell slightly to $47M in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +13.3% 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 +45.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 31% against the previous year. As a result, imports reached the peak of $48M, and then fell modestly in the following year.

Import of Copper Alloy Tube or Pipe Fitting in Slovakia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	8.5	9.5	12.1	12.9	14.9%
Italy	7.3	8.4	11.1	10.1	11.4%
Czech Republic	5.1	7.6	8.1	8.4	18.1%
China	2.5	2.9	7.1	5.9	33.1%
Austria	2.7	3.0	3.4	3.3	6.9%
Poland	1.1	1.4	1.6	1.8	17.8%
Turkey	0.9	1.0	1.5	1.7	23.6%
Others	4.2	2.9	3.0	2.9	-11.6%
Total	32.3	36.6	47.9	47.0	13.3%

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

Germany (903.2 tons)
Italy (613.2 tons)
Czech Republic (530.4 tons)
China (431.4 tons)
Austria (171.4 tons)
Turkey (101.7 tons)
Poland (89.6 tons)

Exports of Copper Alloy Tube or Pipe Fitting in Slovakia

In 2022, overseas shipments of tube or pipe fittings, couplings, elbows, sleeves of copper alloys decreased by -12.6% to 270 tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 62%. As a result, the exports attained the peak of 437 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys reduced to $4.5M in 2022. The total export value increased at an average annual rate of +9.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 27% against the previous year.

Export of Copper Alloy Tube or Pipe Fitting in Slovakia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Czech Republic	1,896	2,749	2,548	2,692	12.4%
Hungary	577	402	551	520	-3.4%
Germany	63.7	121	543	232	53.9%
Serbia	89.3	126	150	192	29.1%
Netherlands	42.6	65.9	35.1	140	48.7%
Belgium	161	146	90.2	119	-9.6%
Austria	113	112	142	102	-3.4%
Romania	56.7	61.2	105	92.1	17.6%
Poland	50.9	115	117	86.0	19.1%
Others	351	427	475	290	-6.2%
Total	3,402	4,325	4,757	4,464	9.5%