Price for Copper Tube or Pipe Fitting in Egypt - 2023

Contents:

1. Price for Copper Tube or Pipe Fitting in Egypt (CIF) - 2022
2. Price for Copper Tube or Pipe Fitting in Egypt (FOB) - 2022
3. Imports of Copper Tube or Pipe Fitting in Egypt
4. Exports of Copper Tube or Pipe Fitting in Egypt

Price for Copper Tube or Pipe Fitting in Egypt (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, with an increase of 11% against the previous year. In general, the import price continues to indicate a strong increase. The growth pace was the most rapid in 2018 when the average import price increased by 86% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($22,286 per ton) and the United States ($22,283 per ton), while the price for the United Arab Emirates ($22,280 per ton) and South Korea ($22,281 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for tube or pipe fittings, couplings, elbows, sleeves of refined copper stood at $26,591 per ton in 2022, with an increase of 45% against the previous year. Over the period under review, the export price showed a buoyant increase. The growth pace was the most rapid in 2020 an increase of 137%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($26,600 per ton), while the average price for exports to Turkey amounted to $26,517 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malta (+42.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Copper Tube or Pipe Fitting in Egypt

For the third consecutive year, Egypt recorded decline in purchases abroad of tube or pipe fittings, couplings, elbows, sleeves of refined copper, which decreased by -24.4% to 94 tons in 2022. In general, imports continue to indicate a significant decrease.

In value terms, copper tube or pipe fitting imports declined sharply to $2.1M in 2022. Overall, imports saw a abrupt curtailment. The smallest decline of -10.1% was in 2021.

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

1. United Kingdom (undefined tons)
2. China (69.6 tons)
3. Italy (7.3 tons)
4. United States (7.2 tons)
5. United Arab Emirates (4.6 tons)
6. South Korea (2.0 tons)
7. Germany (1.2 tons)
8. India (0.6 tons)

Exports of Copper Tube or Pipe Fitting in Egypt

In 2022, the amount of tube or pipe fittings, couplings, elbows, sleeves of refined copper exported from Egypt skyrocketed to 1 tons, increasing by 260% compared with the previous year's figure. Over the period under review, exports recorded a resilient increase. The pace of growth appeared the most rapid in 2020 with an increase of 707%. As a result, the exports reached the peak of 7 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, copper tube or pipe fitting exports skyrocketed to $27K in 2022. Overall, exports showed significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 1,815% against the previous year. As a result, the exports attained the peak of $81K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Top Export Markets for Copper Tube or Pipe Fitting from Egypt in 2022:

1. United Arab Emirates (906.0 kg)
2. Turkey (116.0 kg)

Source: IndexBox Market Intelligence Platform