Price for Copper Alloy Tube or Pipe Fitting in Turkey - 2024
Contents:
- Price for Copper Alloy Tube or Pipe Fitting in Turkey (FOB) - 2024
- Price for Copper Alloy Tube or Pipe Fitting in Turkey (CIF) - 2022
- Exports of Copper Alloy Tube or Pipe Fitting in Turkey
- Imports of Copper Alloy Tube or Pipe Fitting in Turkey
Price for Copper Alloy Tube or Pipe Fitting in Turkey (FOB) - 2024
The average export price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys stood at $13,661 per ton in January 2024, which is down by -4.1% against the previous month. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2023 when the average export price increased by 7.2% month-to-month. The export price peaked at $15,263 per ton in January 2023; however, from February 2023 to January 2024, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($19,731 per ton), while the average price for exports to Iraq ($5,143 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 Hungary (+0.5%), while the prices for the other major destinations experienced a decline.
Price for Copper Alloy Tube or Pipe Fitting in Turkey (CIF) - 2022
The average import price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys stood at $23,250 per ton in 2022, flattening at the previous year. Overall, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys increased by +69.5% against 2016 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 28%. The import price peaked at $23,334 per ton in 2021, and then fell in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($36,315 per ton), while the price for Iran ($7,617 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Copper Alloy Tube or Pipe Fitting in Turkey
After three years of growth, overseas shipments of tube or pipe fittings, couplings, elbows, sleeves of copper alloys decreased by -16% to 14K tons in 2022. The total export volume increased at an average annual rate of +1.7% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 16%. As a result, the exports reached the peak of 16K tons, and then reduced notably in the following year.
In value terms, exports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys declined to $185M in 2022. The total export value increased at an average annual rate of +9.3% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 34%. As a result, the exports attained the peak of $206M, and then fell in the following year.
| Export of Copper Alloy Tube or Pipe Fitting in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 29.7 | 37.2 | 52.8 | 38.5 | 9.0% |
| Russia | 13.7 | 15.5 | 25.1 | 18.8 | 11.1% |
| United States | 5.7 | 6.4 | 8.7 | 15.2 | 38.7% |
| Italy | 5.9 | 7.6 | 12.4 | 12.2 | 27.4% |
| Norway | 5.5 | 4.4 | 6.6 | 10.5 | 24.1% |
| Denmark | 5.3 | 6.1 | 8.1 | 7.9 | 14.2% |
| Hungary | 6.4 | 5.2 | 7.4 | 6.9 | 2.5% |
| France | 4.3 | 4.0 | 6.1 | 4.9 | 4.5% |
| Netherlands | 6.1 | 5.4 | 5.5 | 4.8 | -7.7% |
| Czech Republic | 5.1 | 6.4 | 6.7 | 4.7 | -2.7% |
| Poland | 3.7 | 2.8 | 3.9 | 3.8 | 0.9% |
| Romania | 2.5 | 3.3 | 4.0 | 3.5 | 11.9% |
| Thailand | 1.4 | 3.2 | 4.3 | 3.3 | 33.1% |
| Others | 46.4 | 46.4 | 54.6 | 50.3 | 2.7% |
| Total | 142 | 154 | 206 | 185 | 9.2% |
Top Export Markets for Copper Alloy Tube or Pipe Fitting from Turkey in 2022:
- Germany (2587.8 tons)
- Russia (1639.6 tons)
- Italy (1186.5 tons)
- Norway (1028.8 tons)
- United States (861.3 tons)
- Hungary (605.0 tons)
- Denmark (557.3 tons)
- France (371.1 tons)
- Czech Republic (354.6 tons)
- Romania (317.6 tons)
- Netherlands (305.2 tons)
- Thailand (301.4 tons)
- Poland (294.8 tons)
Imports of Copper Alloy Tube or Pipe Fitting in Turkey
In 2022, imports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys into Turkey skyrocketed to 2.1K tons, jumping by 30% on 2021 figures. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +15.8% 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 +55.1% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys skyrocketed to $49M in 2022. Over the period under review, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Copper Alloy Tube or Pipe Fitting in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 6.0 | 8.9 | 10.4 | 12.9 | 29.1% |
| China | 5.2 | 4.9 | 7.0 | 9.8 | 23.5% |
| Italy | 4.0 | 4.9 | 5.7 | 8.2 | 27.0% |
| Thailand | 0.7 | 1.0 | 3.0 | 4.6 | 87.3% |
| Japan | 1.4 | 2.9 | 3.4 | 3.6 | 37.0% |
| France | 2.2 | 1.4 | 1.4 | 2.6 | 5.7% |
| Spain | 0.7 | 1.2 | 0.9 | 0.9 | 8.7% |
| India | 0.1 | 0.1 | 0.3 | 0.6 | 81.7% |
| Iran | N/A | 0.3 | 0.6 | 0.5 | 29.1% |
| Uzbekistan | 0.9 | 0.1 | N/A | N/A | -88.9% |
| Others | 2.8 | 4.3 | 4.8 | 5.0 | 21.3% |
| Total | 24.1 | 30.0 | 37.5 | 48.5 | 26.3% |
Top Suppliers of Copper Alloy Tube or Pipe Fitting to Turkey in 2022:
- China (613.5 tons)
- Germany (484.6 tons)
- Italy (306.9 tons)
- Thailand (168.9 tons)
- Japan (98.4 tons)
- France (71.7 tons)
- Iran (60.4 tons)
- India (50.6 tons)
- Spain (46.8 tons)
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