Price for Copper Tube or Pipe Fitting in Norway - 2023
Contents:
- Price for Copper Tube or Pipe Fitting in Norway (CIF) - 2023
- Price for Copper Tube or Pipe Fitting in Norway (FOB) - 2022
- Imports of Copper Tube or Pipe Fitting in Norway
- Exports of Copper Tube or Pipe Fitting in Norway
Price for Copper Tube or Pipe Fitting in Norway (CIF) - 2023
The average import price for tube or pipe fittings, couplings, elbows, sleeves of refined copper stood at $40,078 per ton in August 2023, surging by 24% against the previous month. In general, import price indicated a pronounced expansion from August 2022 to August 2023: its price increased at an average monthly rate of +2.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, copper tube or pipe fitting import price increased by +64.5% against June 2023 indices. The pace of growth appeared the most rapid in October 2022 an increase of 36% m-o-m. Over the period under review, average import prices attained the maximum in August 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Poland ($189K per ton), while the price for Sweden ($16,263 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Poland (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Copper Tube or Pipe Fitting in Norway (FOB) - 2022
In 2022, the average export price for tube or pipe fittings, couplings, elbows, sleeves of refined copper amounted to $28,168 per ton, jumping by 31% against the previous year. In general, the export price, however, showed a abrupt slump. The growth pace was the most rapid in 2015 when the average export price increased by 135%. As a result, the export price attained the peak level of $81,520 per ton. From 2016 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($93,277 per ton), while the average price for exports to Sweden ($17,235 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 Australia (+42.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Copper Tube or Pipe Fitting in Norway
After two years of decline, supplies from abroad of tube or pipe fittings, couplings, elbows, sleeves of refined copper increased by 20% to 165 tons in 2022. Over the period under review, imports, however, recorded a deep setback.
In value terms, copper tube or pipe fitting imports surged to $4.7M in 2022. The total import value increased at an average annual rate of +3.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 24% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.
| Import of Copper Tube or Pipe Fitting in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,326 | 1,093 | 1,551 | 1,729 | 9.2% |
| Germany | 1,183 | 931 | 1,223 | 1,121 | -1.8% |
| Poland | 64.8 | 101 | 129 | 725 | 123.7% |
| Italy | 2.1 | 2.6 | 187 | 324 | 436.3% |
| Spain | 124 | 243 | 271 | 315 | 36.4% |
| Sweden | 213 | 200 | 156 | 161 | -8.9% |
| Bosnia and Herzegovina | N/A | N/A | N/A | 109 | 0% |
| Denmark | 444 | 68.1 | 61.8 | 48.9 | -52.1% |
| Netherlands | 429 | 343 | 76.5 | 22.5 | -62.6% |
| United States | 371 | 39.2 | 116 | 8.9 | -71.2% |
| Others | 177 | 100 | 108 | 170 | -1.3% |
| Total | 4,333 | 3,120 | 3,878 | 4,733 | 3.0% |
Top Suppliers of Copper Tube or Pipe Fitting to Norway in 2022:
- China (71.4 tons)
- Germany (41.0 tons)
- Poland (17.1 tons)
- Sweden (7.8 tons)
- Bosnia and Herzegovina (6.7 tons)
- Italy (6.4 tons)
- Spain (4.9 tons)
- Netherlands (2.0 tons)
- Denmark (1.3 tons)
- United States (0.4 tons)
Exports of Copper Tube or Pipe Fitting in Norway
Copper tube or pipe fitting exports from Norway dropped markedly to 1.6 tons in 2022, reducing by -20.1% against 2021. In general, exports continue to indicate a sharp decrease.
In value terms, copper tube or pipe fitting exports reached $44K in 2022. Over the period under review, exports recorded a dramatic setback.
| Export of Copper Tube or Pipe Fitting in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 36.5 | 9.4 | 5.7 | 10.8 | -33.4% |
| Finland | 3.5 | N/A | N/A | 7.4 | 28.3% |
| Brazil | 2.3 | 9.7 | 0.2 | 6.1 | 38.4% |
| Vietnam | N/A | N/A | N/A | 5.4 | 0% |
| Germany | 11.6 | 0.3 | N/A | 3.4 | -33.6% |
| Romania | N/A | 2.2 | N/A | 2.3 | 2.2% |
| Denmark | 70.2 | 6.6 | 0.2 | 2.3 | -68.0% |
| Netherlands | 48.6 | N/A | 0.2 | N/A | -93.6% |
| France | 32.6 | 0.2 | 10.1 | N/A | -44.3% |
| Austria | 51.9 | N/A | N/A | N/A | 0% |
| Singapore | 62.6 | 34.2 | 1.5 | N/A | -84.5% |
| Australia | 54.2 | N/A | 0.8 | N/A | -87.9% |
| Turkey | 9.4 | N/A | 3.1 | N/A | -42.6% |
| Others | 99.7 | 36.4 | 20.2 | 6.0 | -60.8% |
| Total | 483 | 99.0 | 41.9 | 43.7 | -55.1% |
Top Export Markets for Copper Tube or Pipe Fitting from Norway in 2022:
- Sweden (626.0 kg)
- Finland (350.0 kg)
- Vietnam (204.0 kg)
- Romania (88.0 kg)
- Denmark (76.0 kg)
- Brazil (65.0 kg)
- Germany (56.0 kg)
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This report provides an in-depth analysis of the market for copper pipe and fitting in Norway.
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This report provides an in-depth analysis of the global market for copper pipe and fitting.
