Price for Copper Tube or Pipe Fitting in Australia - 2023
Contents:
- Price for Copper Tube or Pipe Fitting in Australia (CIF) - 2022
- Price for Copper Tube or Pipe Fitting in Australia (FOB) - 2022
- Imports of Copper Tube or Pipe Fitting in Australia
- Exports of Copper Tube or Pipe Fitting in Australia
Price for Copper Tube or Pipe Fitting in Australia (CIF) - 2022
The average import price for tube or pipe fittings, couplings, elbows, sleeves of refined copper stood at $22,282 per ton in 2022, picking up by 12% against the previous year. Overall, the import price, however, continues to indicate a mild slump. The growth pace was the most rapid in 2018 when the average import price increased by 40%. The import price peaked at $32,453 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Poland ($22,282 per ton) and the United States ($22,282 per ton), while the price for China ($22,282 per ton) and South Korea ($22,282 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Copper Tube or Pipe Fitting in Australia (FOB) - 2022
In 2022, the average export price for tube or pipe fittings, couplings, elbows, sleeves of refined copper amounted to $21,154 per ton, growing by 6.3% against the previous year. Overall, the export price saw resilient growth. The pace of growth was the most pronounced in 2020 when the average export price increased by 190%. Over the period under review, the average export prices reached the peak figure at $22,696 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($86,600 per ton), while the average price for exports to Slovenia ($9,222 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 Hong Kong SAR (+26.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Copper Tube or Pipe Fitting in Australia
In 2022, the amount of tube or pipe fittings, couplings, elbows, sleeves of refined copper imported into Australia fell to 1.8K tons, waning by -6.5% against 2021 figures. In general, imports saw a slight decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 8.6%. As a result, imports attained the peak of 1.9K tons, and then dropped in the following year.
In value terms, copper tube or pipe fitting imports totaled $41M in 2022. The total import value increased at an average annual rate of +8.6% 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 with an increase of 30% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Copper Tube or Pipe Fitting in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 11.5 | 11.3 | 18.8 | 17.7 | 15.5% |
| China | 5.6 | 7.9 | 8.8 | 11.5 | 27.1% |
| Poland | 7.0 | 3.0 | 4.4 | 4.4 | -14.3% |
| Germany | 5.1 | 3.5 | 3.0 | 3.5 | -11.8% |
| Belgium | 0.8 | 1.5 | 1.5 | 1.4 | 20.5% |
| United States | 0.1 | 0.2 | 0.8 | 1.2 | 128.9% |
| South Korea | 1.5 | 1.4 | 1.1 | 0.5 | -30.7% |
| Others | 0.2 | 1.0 | 0.5 | 0.4 | 26.0% |
| Total | 31.7 | 29.8 | 38.9 | 40.6 | 8.6% |
Top Suppliers of Copper Tube or Pipe Fitting to Australia in 2022:
- Spain (795.6 tons)
- China (516.9 tons)
- Poland (195.5 tons)
- Germany (158.8 tons)
- Belgium (60.6 tons)
- United States (54.1 tons)
- South Korea (22.8 tons)
Exports of Copper Tube or Pipe Fitting in Australia
For the third year in a row, Australia recorded decline in shipments abroad of tube or pipe fittings, couplings, elbows, sleeves of refined copper, which decreased by -39.7% to 28 tons in 2022. Over the period under review, exports saw a dramatic decline. The smallest decline of -22.9% was in 2021.
In value terms, copper tube or pipe fitting exports declined rapidly to $587K in 2022. Overall, exports showed a dramatic shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 11%.
| Export of Copper Tube or Pipe Fitting in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Papua New Guinea | 55.2 | 76.1 | 88.2 | 270 | 69.7% |
| New Zealand | 321 | 312 | 459 | 107 | -30.7% |
| United States | 5.8 | 0.1 | 126 | 65.4 | 124.2% |
| Slovenia | 272 | 53.4 | 58.7 | 58.5 | -40.1% |
| Netherlands | N/A | N/A | N/A | 40.0 | 0% |
| South Korea | 53.1 | 348 | 128 | N/A | 55.3% |
| Chile | 4,748 | N/A | N/A | N/A | 0% |
| Others | 79.2 | 34.3 | 56.7 | 46.9 | -16.0% |
| Total | 5,535 | 825 | 916 | 587 | -52.7% |
Top Export Markets for Copper Tube or Pipe Fitting from Australia in 2022:
- Papua New Guinea (12.3 tons)
- Slovenia (6.3 tons)
- New Zealand (3.2 tons)
- Netherlands (2.3 tons)
- United States (2.1 tons)
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This report provides an in-depth analysis of the market for copper pipe and fitting in Australia.
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This report provides an in-depth analysis of the global market for copper pipe and fitting.
