Price for Copper Tube or Pipe Fitting in Ireland - 2023

Contents:

1. Price for Copper Tube or Pipe Fitting in Ireland (CIF) - 2023
2. Price for Copper Tube or Pipe Fitting in Ireland (FOB) - 2022
3. Imports of Copper Tube or Pipe Fitting in Ireland
4. Exports of Copper Tube or Pipe Fitting in Ireland

Price for Copper Tube or Pipe Fitting in Ireland (CIF) - 2023

The average import price for tube or pipe fittings, couplings, elbows, sleeves of refined copper stood at $21,511 per ton in June 2023, dropping by -10.1% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.0%. The pace of growth appeared the most rapid in January 2023 an increase of 46% against the previous month. The import price peaked at $23,924 per ton in May 2023, and then fell in the following month.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Germany ($43,760 per ton), while the price for the United Arab Emirates ($14,725 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 the UK (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for tube or pipe fittings, couplings, elbows, sleeves of refined copper stood at $30,576 per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the export price showed a measured expansion. The most prominent rate of growth was recorded in 2019 an increase of 36%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was New Zealand ($57,370 per ton), while the average price for exports to the UK ($28,576 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 UK (+4.0%).

Imports of Copper Tube or Pipe Fitting in Ireland

In 2022, purchases abroad of tube or pipe fittings, couplings, elbows, sleeves of refined copper decreased by 0% to 134 tons, falling for the second year in a row after two years of growth. In general, imports showed a deep contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 115% against the previous year. As a result, imports attained the peak of 345 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, copper tube or pipe fitting imports totaled $2.8M in 2022. Overall, imports showed a perceptible expansion. The growth pace was the most rapid in 2020 with an increase of 102% against the previous year. As a result, imports reached the peak of $5.2M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

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

1. China (75.4 tons)
2. United Kingdom (22.1 tons)
3. United Arab Emirates (15.9 tons)
4. United States (9.5 tons)
5. Hong Kong SAR (7.2 tons)
6. Germany (0.3 tons)

Exports of Copper Tube or Pipe Fitting in Ireland

In 2022, the amount of tube or pipe fittings, couplings, elbows, sleeves of refined copper exported from Ireland amounted to 9.1 tons, approximately equating the previous year. In general, exports recorded a noticeable shrinkage. The smallest decline of -0.1% was in 2020.

In value terms, copper tube or pipe fitting exports amounted to $278K in 2022. Over the period under review, exports showed a prominent expansion. The pace of growth was the most pronounced in 2020 when exports increased by 25%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

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

1. United Kingdom (8.2 tons)
2. New Zealand (0.3 tons)
3. Belgium (0.2 tons)

Source: IndexBox Market Intelligence Platform