Price for Copper Tube or Pipe Fitting in Italy - 2023
Contents:
- Price for Copper Tube or Pipe Fitting in Italy (FOB) - 2023
- Price for Copper Tube or Pipe Fitting in Italy (CIF) - 2022
- Exports of Copper Tube or Pipe Fitting in Italy
- Imports of Copper Tube or Pipe Fitting in Italy
Price for Copper Tube or Pipe Fitting in Italy (FOB) - 2023
The average export price for tube or pipe fittings, couplings, elbows, sleeves of refined copper stood at $29,998 per ton in June 2023, increasing by 9% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.7%. The growth pace was the most rapid in April 2023 an increase of 15% m-o-m. As a result, the export price reached the peak level of $30,166 per ton. From May 2023 to June 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In June 2023, the country with the highest price was the United States ($37,743 per ton), while the average price for exports to Spain ($12,703 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 Croatia (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Copper Tube or Pipe Fitting in Italy (CIF) - 2022
The average import price for tube or pipe fittings, couplings, elbows, sleeves of refined copper stood at $23,104 per ton in 2022, picking up by 1.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2020 when the average import price increased by 29%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($50,098 per ton), while the price for China ($18,487 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Copper Tube or Pipe Fitting in Italy
In 2022, the amount of tube or pipe fittings, couplings, elbows, sleeves of refined copper exported from Italy skyrocketed to 2.7K tons, growing by 21% on the previous year. In general, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +14.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.1% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 30%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.
In value terms, copper tube or pipe fitting exports soared to $64M in 2022. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 56%. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Copper Tube or Pipe Fitting in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.5 | 0.3 | 2.8 | 18.3 | 232.0% |
| Sweden | 6.2 | 6.2 | 7.1 | 7.3 | 5.6% |
| Germany | 4.4 | 4.5 | 6.4 | 6.9 | 16.2% |
| France | 3.7 | 3.2 | 4.1 | 4.0 | 2.6% |
| Croatia | 0.5 | 0.4 | 1.4 | 3.6 | 93.1% |
| Finland | 0.9 | 1.9 | 2.7 | 3.2 | 52.6% |
| Czech Republic | 1.8 | 1.8 | 2.6 | 2.8 | 15.9% |
| United Kingdom | 1.3 | 0.8 | 2.1 | 2.6 | 26.0% |
| Austria | 1.0 | 1.0 | 1.4 | 2.5 | 35.7% |
| Poland | 0.7 | 0.9 | 1.8 | 1.7 | 34.4% |
| Belgium | 1.8 | 1.6 | 2.6 | 1.7 | -1.9% |
| Brazil | 0.3 | N/A | N/A | 1.2 | 58.7% |
| Spain | 0.9 | 0.7 | 1.0 | 0.7 | -8.0% |
| Others | 5.8 | 6.0 | 9.6 | 7.6 | 9.4% |
| Total | 29.8 | 29.2 | 45.5 | 64.1 | 29.1% |
Top Export Markets for Copper Tube or Pipe Fitting from Italy in 2022:
- United States (572.8 tons)
- Sweden (338.0 tons)
- Germany (243.6 tons)
- Croatia (226.1 tons)
- France (142.4 tons)
- Finland (126.7 tons)
- Czech Republic (121.3 tons)
- United Kingdom (96.2 tons)
- Poland (95.9 tons)
- Austria (83.1 tons)
- Belgium (75.9 tons)
- Brazil (73.0 tons)
- Spain (69.6 tons)
Imports of Copper Tube or Pipe Fitting in Italy
In 2022, imports of tube or pipe fittings, couplings, elbows, sleeves of refined copper into Italy soared to 1.5K tons, jumping by 29% against 2021. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +6.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +80.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 40% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, copper tube or pipe fitting imports surged to $34M in 2022. In general, imports posted a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 60% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Copper Tube or Pipe Fitting in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.4 | 5.0 | 10.1 | 16.4 | 36.8% |
| Germany | 6.2 | 5.5 | 7.9 | 8.6 | 11.5% |
| Poland | 4.1 | 4.0 | 5.7 | 6.5 | 16.6% |
| Spain | 0.5 | 0.5 | 0.8 | 0.9 | 21.6% |
| Others | 1.4 | 1.2 | 1.4 | 1.7 | 6.7% |
| Total | 18.6 | 16.2 | 25.9 | 34.1 | 22.4% |
Top Suppliers of Copper Tube or Pipe Fitting to Italy in 2022:
- China (886.5 tons)
- Germany (273.7 tons)
- Poland (236.2 tons)
- Spain (31.2 tons)
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