Price for Copper Tube or Pipe Fitting in Iraq - 2022
Contents:
- Price for Copper Tube or Pipe Fitting in Iraq (CIF) - 2022
- Imports of Copper Tube or Pipe Fitting in Iraq
Price for Copper Tube or Pipe Fitting in Iraq (CIF) - 2022
The average import price for tube or pipe fittings, couplings, elbows, sleeves of refined copper stood at $12,042 per ton in 2022, which is down by -42.7% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 97%. As a result, import price attained the peak level of $21,018 per ton, and then fell dramatically in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($29,722 per ton), while the price for China ($6,447 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 (+25.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Copper Tube or Pipe Fitting in Iraq
Copper tube or pipe fitting imports into Iraq contracted remarkably to 43 tons in 2022, waning by -65.1% on the year before. Overall, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 357% against the previous year. As a result, imports attained the peak of 124 tons, and then contracted markedly in the following year.
In value terms, copper tube or pipe fitting imports shrank sharply to $519K in 2022. Over the period under review, imports saw a abrupt setback. The pace of growth appeared the most rapid in 2021 when imports increased by 802%. As a result, imports attained the peak of $2.6M, and then declined notably in the following year.
| Import of Copper Tube or Pipe Fitting in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 393 | N/A | N/A | 125 | -31.7% |
| China | 105 | 78.2 | 37.3 | 125 | 6.0% |
| Italy | 27.5 | 13.7 | 16.5 | 99.9 | 53.7% |
| Turkey | 10.8 | 53.9 | 62.9 | 86.8 | 100.3% |
| United Arab Emirates | 21.1 | 92.3 | 18.7 | 66.4 | 46.5% |
| South Korea | 14.1 | 7.6 | N/A | 9.5 | -12.3% |
| Saudi Arabia | 195 | 38.0 | 2,459 | N/A | 255.1% |
| Others | 20.1 | 4.3 | 2.2 | 6.6 | -31.0% |
| Total | 787 | 288 | 2,597 | 519 | -13.0% |
Top Suppliers of Copper Tube or Pipe Fitting to Iraq in 2022:
- China (19.3 tons)
- United Kingdom (11.0 tons)
- Turkey (4.8 tons)
- United Arab Emirates (3.9 tons)
- Italy (3.4 tons)
- South Korea (0.3 tons)
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This report provides an in-depth analysis of the market for copper pipe and fitting in Iraq.
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This report provides an in-depth analysis of the global market for copper pipe and fitting.
