Price for Copper Tube or Pipe Fitting in South Africa - 2023
Contents:
- Price for Copper Tube or Pipe Fitting in South Africa (CIF) - 2023
- Price for Copper Tube or Pipe Fitting in South Africa (FOB) - 2023
- Imports of Copper Tube or Pipe Fitting in South Africa
- Exports of Copper Tube or Pipe Fitting in South Africa
Price for Copper Tube or Pipe Fitting in South Africa (CIF) - 2023
The average import price for tube or pipe fittings, couplings, elbows, sleeves of refined copper stood at $11,313 per ton in July 2023, which is down by -14.4% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 an increase of 36% against the previous month. The import price peaked at $15,069 per ton in August 2022; however, from September 2022 to July 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From July 2022 to July 2023, the rate of growth in terms of prices for China amounted to +0.2% per month.
Price for Copper Tube or Pipe Fitting in South Africa (FOB) - 2023
In July 2023, the average export price for tube or pipe fittings, couplings, elbows, sleeves of refined copper amounted to $6,729 per ton, reducing by -26.7% against the previous month. Overall, the export price recorded a slight contraction. The pace of growth was the most pronounced in October 2022 when the average export price increased by 71% month-to-month. Over the period under review, the average export prices reached the peak figure at $11,667 per ton in April 2023; however, from May 2023 to July 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was Botswana ($14,313 per ton), while the average price for exports to Zimbabwe ($3,311 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Zimbabwe (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Copper Tube or Pipe Fitting in South Africa
In 2022, the amount of tube or pipe fittings, couplings, elbows, sleeves of refined copper imported into South Africa reached 718 tons, approximately reflecting 2021. The total import volume increased at an average annual rate of +7.4% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 32%. As a result, imports attained the peak of 762 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, copper tube or pipe fitting imports rose sharply to $9.2M in 2022. In general, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +22.3% 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 +83.0% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 45% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.
| Import of Copper Tube or Pipe Fitting in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.5 | 5.3 | 7.5 | 8.6 | 24.1% |
| Others | 0.5 | 0.4 | 0.7 | 0.6 | 6.3% |
| Total | 5.0 | 5.7 | 8.3 | 9.2 | 22.5% |
Top Suppliers of Copper Tube or Pipe Fitting to South Africa in 2022:
- China (681.6 tons)
Exports of Copper Tube or Pipe Fitting in South Africa
In 2022, the amount of tube or pipe fittings, couplings, elbows, sleeves of refined copper exported from South Africa dropped dramatically to 191 tons, falling by -31.8% on 2021. Overall, exports continue to indicate a significant contraction. The smallest decline of -11.1% was in 2021.
In value terms, copper tube or pipe fitting exports contracted to $1.7M in 2022. Over the period under review, exports recorded a perceptible decline. The most prominent rate of growth was recorded in 2021 when exports increased by 30%.
| Export of Copper Tube or Pipe Fitting in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zimbabwe | 504 | 549 | 582 | 383 | -8.7% |
| Botswana | 221 | 101 | 479 | 356 | 17.2% |
| Namibia | 365 | 268 | 401 | 326 | -3.7% |
| Swaziland | 251 | 116 | 161 | 179 | -10.7% |
| Zambia | 241 | 61.0 | 29.6 | 175 | -10.1% |
| Lesotho | 138 | 93.3 | 113 | 83.4 | -15.5% |
| Mozambique | 53.1 | 41.2 | 45.0 | 45.0 | -5.4% |
| Others | 173 | 231 | 88.5 | 153 | -4.0% |
| Total | 1,946 | 1,460 | 1,900 | 1,701 | -4.4% |
Top Export Markets for Copper Tube or Pipe Fitting from South Africa in 2022:
- Zimbabwe (61.0 tons)
- Botswana (42.9 tons)
- Namibia (37.1 tons)
- Swaziland (16.4 tons)
- Lesotho (10.3 tons)
- Zambia (10.0 tons)
- Mozambique (3.9 tons)
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