Price for Copper Tube or Pipe Fitting in Belgium - 2023

Price for Copper Tube or Pipe Fitting in Belgium (CIF) - 2022

The average import price for tube or pipe fittings, couplings, elbows, sleeves of refined copper stood at $21,111 per ton in 2022, increasing by 38% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. Over the period under review, average import prices hit record highs at $25,712 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($31,613 per ton), while the price for Poland ($3,217 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper Tube or Pipe Fitting in Belgium (FOB) - 2022

In 2022, the average export price for tube or pipe fittings, couplings, elbows, sleeves of refined copper amounted to $24,779 per ton, rising by 12% against the previous year. Overall, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper tube or pipe fitting export price increased by +86.6% against 2016 indices. The pace of growth was the most pronounced in 2021 an increase of 20%. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($35,208 per ton), while the average price for exports to France ($18,349 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 the Netherlands (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Tube or Pipe Fitting in Belgium

In 2022, after three years of growth, there was significant decline in supplies from abroad of tube or pipe fittings, couplings, elbows, sleeves of refined copper, when their volume decreased by -42.1% to 1.3K tons. Overall, imports, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2020 when imports increased by 73%.

In value terms, copper tube or pipe fitting imports declined markedly to $27M in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +12.0% 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 +40.5% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 38%. As a result, imports attained the peak of $33M, and then declined significantly in the following year.

Import of Copper Tube or Pipe Fitting in Belgium (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Slovakia	1.5	5.5	9.0	8.8	80.4%
Germany	7.3	7.2	9.7	5.5	-9.0%
Italy	3.0	3.2	5.0	4.0	10.1%
France	2.0	2.8	3.1	2.0	0.0%
Netherlands	0.4	1.3	1.6	1.6	58.7%
Czech Republic	0.8	0.9	1.0	1.4	20.5%
United States	0.7	0.5	0.9	0.9	8.7%
Thailand	0.8	0.6	0.6	0.9	4.0%
China	0.5	0.4	0.3	0.5	0.0%
Poland	0.9	0.4	0.7	0.4	-23.7%
Romania	0.2	0.6	0.5	0.2	0.0%
United Kingdom	0.4	0.3	N/A	N/A	-25.0%
Others	0.2	0.4	0.9	0.5	35.7%
Total	18.9	24.0	33.2	26.5	11.9%

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

Slovakia (287.4 tons)
Germany (172.9 tons)
Netherlands (146.5 tons)
Italy (141.9 tons)
Poland (122.7 tons)
France (96.3 tons)
Thailand (92.7 tons)
Czech Republic (70.3 tons)
China (66.6 tons)
United States (33.5 tons)
Romania (12.0 tons)
United Kingdom (0.2 tons)

Exports of Copper Tube or Pipe Fitting in Belgium

In 2022, exports of tube or pipe fittings, couplings, elbows, sleeves of refined copper from Belgium fell dramatically to 974 tons, which is down by -17.4% compared with the previous year. Overall, exports showed a noticeable decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 28% against the previous year. As a result, the exports attained the peak of 1.2K tons, and then dropped dramatically in the following year.

In value terms, copper tube or pipe fitting exports reduced to $24M in 2022. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +9.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +41.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 53%. As a result, the exports attained the peak of $26M, and then shrank in the following year.

Export of Copper Tube or Pipe Fitting in Belgium (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Poland	10.0	7.2	11.3	12.0	6.3%
Germany	4.5	4.7	8.9	6.1	10.7%
Australia	0.6	1.9	1.6	1.8	44.2%
Netherlands	1.5	1.6	2.0	1.6	2.2%
France	1.0	1.2	1.6	1.2	6.3%
Others	0.5	0.5	0.7	1.4	40.9%
Total	18.2	17.0	26.1	24.1	9.8%