Price for Copper Tube or Pipe Fitting in Saudi Arabia - 2021

Contents:

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

Price for Copper Tube or Pipe Fitting in Saudi Arabia (CIF) - 2022

In 2021, the average import price for tube or pipe fittings, couplings, elbows, sleeves of refined copper amounted to $9,580 per ton, increasing by 6.5% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 43%. Over the period under review, average import prices hit record highs at $13,151 per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($24,633 per ton), while the price for the United Arab Emirates ($6,672 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for tube or pipe fittings, couplings, elbows, sleeves of refined copper stood at $7,768 per ton in 2022, therefore, remained relatively stable against the previous year. In general, the export price, however, showed a pronounced descent. The growth pace was the most rapid in 2016 an increase of 75%. As a result, the export price reached the peak level of $26,771 per ton. From 2017 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Bahrain.

From 2012 to 2022, the rate of growth in terms of prices for Bahrain amounted to +36.0% per year.

Imports of Copper Tube or Pipe Fitting in Saudi Arabia

In 2021, the amount of tube or pipe fittings, couplings, elbows, sleeves of refined copper imported into Saudi Arabia fell rapidly to 808 tons, which is down by -18.6% on 2020. Over the period under review, imports recorded a deep slump. The smallest decline of -3.5% was in 2020.

In value terms, copper tube or pipe fitting imports contracted to $7.7M in 2021. Overall, imports continue to indicate a abrupt descent.

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

1. India (461.9 tons)
2. United States (125.6 tons)
3. United Arab Emirates (71.1 tons)
4. China (53.8 tons)
5. Italy (32.9 tons)
6. South Korea (29.6 tons)

Exports of Copper Tube or Pipe Fitting in Saudi Arabia

Copper tube or pipe fitting exports from Saudi Arabia skyrocketed to 255 tons in 2022, increasing by 43% against the year before. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 371% against the previous year. As a result, the exports reached the peak of 538 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, copper tube or pipe fitting exports soared to $2M in 2022. Overall, exports showed a strong increase. The most prominent rate of growth was recorded in 2020 when exports increased by 118%. As a result, the exports attained the peak of $2.6M. From 2021 to 2022, the growth of the exports failed to regain momentum.

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

1. Bahrain (253.4 tons)

Source: IndexBox Market Intelligence Platform