Price for Copper Alloy Tube or Pipe Fitting in Sri Lanka - 2022
Contents:
- Price for Copper Alloy Tube or Pipe Fitting in Sri Lanka (CIF) - 2022
- Price for Copper Alloy Tube or Pipe Fitting in Sri Lanka (FOB) - 2022
- Imports of Copper Alloy Tube or Pipe Fitting in Sri Lanka
- Exports of Copper Alloy Tube or Pipe Fitting in Sri Lanka
Price for Copper Alloy Tube or Pipe Fitting in Sri Lanka (CIF) - 2022
In 2022, the average import price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys amounted to $13,930 per ton, approximately mirroring the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by 43%. Over the period under review, average import prices attained the peak figure at $15,652 per ton in 2015; however, from 2016 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 Singapore ($33,646 per ton), while the price for the United Arab Emirates ($5,660 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Copper Alloy Tube or Pipe Fitting in Sri Lanka (FOB) - 2022
In 2022, the average export price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys amounted to $26,646 per ton, jumping by 56% against the previous year. Overall, the export price showed a buoyant increase. 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 overseas markets. In 2022, amid the top suppliers, the country with the highest price was Mauritius ($141,667 per ton), while the average price for exports to Bangladesh ($2,833 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 Mauritius (+95.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Copper Alloy Tube or Pipe Fitting in Sri Lanka
In 2022, supplies from abroad of tube or pipe fittings, couplings, elbows, sleeves of copper alloys decreased by -15.6% to 53 tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +1.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 42%. As a result, imports reached the peak of 71 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys contracted sharply to $732K in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +14.4% 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 decreased by -26.2% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 103% against the previous year. As a result, imports attained the peak of $992K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Copper Alloy Tube or Pipe Fitting in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 156 | 155 | 203 | 346 | 30.4% |
| United Kingdom | 73.9 | 45.7 | 42.1 | 131 | 21.0% |
| India | 83.0 | 241 | 269 | 76.5 | -2.7% |
| New Zealand | 50.8 | 85.8 | 157 | 23.0 | -23.2% |
| Singapore | 16.1 | 21.8 | 24.6 | 15.2 | -1.9% |
| United Arab Emirates | 1.7 | 2.5 | 9.2 | 5.1 | 44.2% |
| Malaysia | 0.4 | 85.1 | 38.5 | 4.5 | 124.1% |
| Swaziland | N/A | 172 | N/A | N/A | 0% |
| Others | 107 | 184 | 119 | 131 | 7.0% |
| Total | 489 | 992 | 863 | 732 | 14.4% |
Top Suppliers of Copper Alloy Tube or Pipe Fitting to Sri Lanka in 2022:
- China (28.7 tons)
- United Kingdom (9.2 tons)
- India (7.5 tons)
- New Zealand (1.6 tons)
- United Arab Emirates (0.9 tons)
- Singapore (0.5 tons)
- Malaysia (0.4 tons)
Exports of Copper Alloy Tube or Pipe Fitting in Sri Lanka
In 2022, the amount of tube or pipe fittings, couplings, elbows, sleeves of copper alloys exported from Sri Lanka fell sharply to 189 kg, with a decrease of -77.4% against 2021 figures. Overall, exports continue to indicate a dramatic downturn. The smallest decline of -7.3% was in 2021.
In value terms, exports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys declined notably to $5K in 2022. In general, exports saw a sharp slump. The smallest decline of -3% was in 2021.
| Export of Copper Alloy Tube or Pipe Fitting in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ethiopia | 16.5 | 3.0 | 3.1 | 1.3 | -57.1% |
| Australia | 0.2 | 0.2 | 0.4 | 1.1 | 76.5% |
| Maldives | 8.9 | 7.3 | 7.0 | 0.9 | -53.4% |
| Mauritius | 4.0 | 1.6 | 1.8 | 0.8 | -41.5% |
| Malaysia | 7.5 | 2.0 | 1.6 | 0.5 | -59.5% |
| Bangladesh | 0.2 | 0.1 | 0.1 | N/A | -29.3% |
| Others | 9.3 | 0.5 | 0.4 | 0.4 | -65.0% |
| Total | 46.7 | 14.8 | 14.3 | 5.0 | -52.5% |
Top Export Markets for Copper Alloy Tube or Pipe Fitting from Sri Lanka in 2022:
- Ethiopia (92.0 kg)
- Maldives (44.0 kg)
- Australia (16.0 kg)
- Malaysia (13.0 kg)
- Bangladesh (6.0 kg)
- Mauritius (6.0 kg)
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This report provides an in-depth analysis of the market for copper pipe and fitting in Sri Lanka.
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This report provides an in-depth analysis of the global market for copper pipe and fitting.
