Price for Copper Alloy Tube or Pipe Fitting in South Africa - 2024
Contents:
- Price for Copper Alloy Tube or Pipe Fitting in South Africa (CIF) - 2024
- Price for Copper Alloy Tube or Pipe Fitting in South Africa (FOB) - 2024
- Imports of Copper Alloy Tube or Pipe Fitting in South Africa
- Exports of Copper Alloy Tube or Pipe Fitting in South Africa
Price for Copper Alloy Tube or Pipe Fitting in South Africa (CIF) - 2024
In January 2024, the average import price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys amounted to $10,285 per ton, picking up by 79% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $13,606 per ton in March 2023; however, from April 2023 to January 2024, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Germany ($16,555 per ton), while the price for China ($9,384 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by China (-0.4%), while the prices for the other major suppliers experienced a decline.
Price for Copper Alloy Tube or Pipe Fitting in South Africa (FOB) - 2024
In January 2024, the average export price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys amounted to $10,310 per ton, rising by 49% against the previous month. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in May 2023 when the average export price increased by 104% month-to-month. The export price peaked in January 2024.
Prices varied noticeably by the country of destination: the country with the highest price was Namibia ($12,721 per ton), while the average price for exports to Mozambique ($2,586 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Swaziland (+14.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Copper Alloy Tube or Pipe Fitting in South Africa
After three years of growth, overseas purchases of tube or pipe fittings, couplings, elbows, sleeves of copper alloys decreased by -18.1% to 3K tons in 2022. Overall, imports saw a noticeable decrease. The growth pace was the most rapid in 2021 with an increase of 14% against the previous year. As a result, imports reached the peak of 3.7K tons, and then contracted significantly in the following year.
In value terms, imports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys rose rapidly to $35M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +13.5% 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 +46.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 30% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in the immediate term.
| Import of Copper Alloy Tube or Pipe Fitting in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 18.3 | 20.1 | 26.4 | 27.8 | 15.0% |
| India | 0.6 | 0.8 | 1.1 | 1.3 | 29.4% |
| Germany | 1.2 | 0.8 | 0.9 | 1.1 | -2.9% |
| Others | 3.7 | 3.3 | 4.1 | 4.5 | 6.7% |
| Total | 23.7 | 25.0 | 32.5 | 34.7 | 13.6% |
Top Suppliers of Copper Alloy Tube or Pipe Fitting to South Africa in 2022:
- China (2615.7 tons)
- India (106.5 tons)
- Germany (58.7 tons)
Exports of Copper Alloy Tube or Pipe Fitting in South Africa
In 2022, shipments abroad of tube or pipe fittings, couplings, elbows, sleeves of copper alloys decreased by -22.8% to 401 tons, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 8.9%. As a result, the exports attained the peak of 585 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys fell markedly to $3.4M in 2022. Over the period under review, exports recorded a pronounced decline. The most prominent rate of growth was recorded in 2021 with an increase of 21%. As a result, the exports attained the peak of $4.9M, and then declined rapidly in the following year.
| Export of Copper Alloy Tube or Pipe Fitting in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Namibia | 831 | 842 | 1,139 | 1,207 | 13.2% |
| Botswana | 1,475 | 1,634 | 1,185 | 658 | -23.6% |
| Zimbabwe | 484 | 318 | 1,106 | 513 | 2.0% |
| Swaziland | 335 | 605 | 691 | 419 | 7.7% |
| Lesotho | 59.8 | 137 | 145 | 152 | 36.5% |
| Zambia | 246 | 62.8 | 78.3 | 85.2 | -29.8% |
| Mozambique | 187 | 67.1 | 62.9 | 77.0 | -25.6% |
| Others | 317 | 396 | 528 | 310 | -0.7% |
| Total | 3,935 | 4,061 | 4,934 | 3,422 | -4.5% |
Top Export Markets for Copper Alloy Tube or Pipe Fitting from South Africa in 2022:
- Namibia (126.2 tons)
- Swaziland (77.5 tons)
- Botswana (62.5 tons)
- Zimbabwe (56.4 tons)
- Lesotho (33.0 tons)
- Mozambique (10.8 tons)
- Zambia (7.8 tons)
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