Price for Copper Tube or Pipe Fitting in Germany - 2023
Contents:
- Price for Copper Tube or Pipe Fitting in Germany (FOB) - 2023
- Price for Copper Tube or Pipe Fitting in Germany (CIF) - 2023
- Exports of Copper Tube or Pipe Fitting in Germany
- Imports of Copper Tube or Pipe Fitting in Germany
Price for Copper Tube or Pipe Fitting in Germany (FOB) - 2023
In June 2023, the average export price for tube or pipe fittings, couplings, elbows, sleeves of refined copper amounted to $34,754 per ton, declining by -5.2% against the previous month. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 14% month-to-month. Over the period under review, the average export prices attained the maximum at $36,669 per ton in May 2023, and then reduced in the following month.
There were significant differences in the average prices for the major overseas markets. In June 2023, the country with the highest price was Australia ($47,345 per ton), while the average price for exports to Denmark ($15,824 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Copper Tube or Pipe Fitting in Germany (CIF) - 2023
The average import price for tube or pipe fittings, couplings, elbows, sleeves of refined copper stood at $24,937 per ton in June 2023, jumping by 29% against the previous month. In general, import price indicated a perceptible expansion from June 2022 to June 2023: its price increased at an average monthly rate of +2.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, copper tube or pipe fitting import price decreased by -11.2% against April 2023 indices. The pace of growth was the most pronounced in April 2023 an increase of 43% m-o-m. As a result, import price reached the peak level of $28,083 per ton. From May 2023 to June 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Poland ($32,992 per ton), while the price for Austria ($16,156 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Poland (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Copper Tube or Pipe Fitting in Germany
In 2022, the amount of tube or pipe fittings, couplings, elbows, sleeves of refined copper exported from Germany shrank sharply to 7.4K tons, with a decrease of -17.9% on 2021. Overall, exports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 28% against the previous year.
In value terms, copper tube or pipe fitting exports shrank sharply to $204M in 2022. Over the period under review, exports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2021 when exports increased by 23%.
| Export of Copper Tube or Pipe Fitting in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 139 | 84.3 | 99.9 | 78.1 | -17.5% |
| United Kingdom | 15.7 | 14.6 | 17.9 | 20.6 | 9.5% |
| France | 9.8 | 10.4 | 17.1 | 13.4 | 11.0% |
| Netherlands | 8.2 | 8.5 | 10.8 | 11.1 | 10.6% |
| Poland | 8.9 | 8.5 | 12.0 | 9.2 | 1.1% |
| Austria | 6.6 | 8.1 | 9.5 | 9.2 | 11.7% |
| Czech Republic | 6.3 | 6.7 | 9.3 | 9.0 | 12.6% |
| Italy | 6.3 | 5.5 | 8.1 | 7.5 | 6.0% |
| Finland | 3.8 | 3.8 | 4.2 | 6.7 | 20.8% |
| Belgium | 8.1 | 7.0 | 8.3 | 5.9 | -10.0% |
| Australia | 5.1 | 3.6 | 3.1 | 4.3 | -5.5% |
| Sweden | 4.9 | 6.5 | 8.2 | 4.3 | -4.3% |
| Denmark | 1.1 | 2.4 | 2.0 | 3.5 | 47.1% |
| Others | 28.5 | 28.9 | 35.1 | 20.7 | -10.1% |
| Total | 252 | 199 | 246 | 204 | -6.8% |
Top Export Markets for Copper Tube or Pipe Fitting from Germany in 2022:
- United States (2348.9 tons)
- France (1229.4 tons)
- United Kingdom (934.9 tons)
- Poland (339.7 tons)
- Netherlands (308.2 tons)
- Czech Republic (295.1 tons)
- Italy (229.7 tons)
- Austria (226.4 tons)
- Belgium (197.8 tons)
- Finland (170.5 tons)
- Sweden (125.5 tons)
- Denmark (119.4 tons)
- Australia (112.8 tons)
Imports of Copper Tube or Pipe Fitting in Germany
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 -19.8% to 5.7K tons. In general, imports, however, saw a significant increase. The growth pace was the most rapid in 2021 when imports increased by 65% against the previous year. As a result, imports reached the peak of 7.1K tons, and then declined remarkably in the following year.
In value terms, copper tube or pipe fitting imports fell to $107M in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +16.7% 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 +59.0% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 62% against the previous year. As a result, imports attained the peak of $123M, and then declined in the following year.
| Import of Copper Tube or Pipe Fitting in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 1.4 | 9.3 | 37.0 | 28.7 | 173.7% |
| China | 17.0 | 14.9 | 21.6 | 26.2 | 15.5% |
| Poland | 25.3 | 25.7 | 35.8 | 16.0 | -14.2% |
| Spain | 1.2 | 1.5 | 0.8 | 13.7 | 125.2% |
| Belgium | 5.4 | 4.5 | 8.7 | 6.7 | 7.5% |
| Italy | 3.3 | 3.7 | 6.0 | 6.6 | 26.0% |
| Netherlands | 6.3 | 6.5 | 6.0 | 2.8 | -23.7% |
| United Kingdom | 3.3 | 4.6 | 1.9 | 1.7 | -19.8% |
| Others | 4.3 | 4.9 | 5.1 | 4.9 | 4.5% |
| Total | 67.4 | 75.6 | 123 | 107 | 16.7% |
Top Suppliers of Copper Tube or Pipe Fitting to Germany in 2022:
- Turkey (2170.4 tons)
- China (1003.6 tons)
- Poland (929.9 tons)
- Spain (571.0 tons)
- Belgium (302.3 tons)
- Italy (272.8 tons)
- Netherlands (95.4 tons)
- United Kingdom (78.9 tons)
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