Price for Copper Tube or Pipe Fitting in Tanzania - 2023
Contents:
- Price for Copper Tube or Pipe Fitting in Tanzania (CIF) - 2022
- Price for Copper Tube or Pipe Fitting in Tanzania (FOB) - 2022
- Imports of Copper Tube or Pipe Fitting in Tanzania
- Exports of Copper Tube or Pipe Fitting in Tanzania
Price for Copper Tube or Pipe Fitting in Tanzania (CIF) - 2022
The average import price for tube or pipe fittings, couplings, elbows, sleeves of refined copper stood at $2,799 per ton in 2022, reducing by -6.2% against the previous year. Over the period under review, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper tube or pipe fitting import price decreased by -21.0% against 2020 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by 66%. Over the period under review, average import prices reached the maximum at $3,661 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($15,750 per ton), while the price for Turkey ($859 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Copper Tube or Pipe Fitting in Tanzania (FOB) - 2022
In 2021, the average export price for tube or pipe fittings, couplings, elbows, sleeves of refined copper amounted to $484 per ton, falling by -87.8% against the previous year. Overall, the export price recorded a deep contraction. The pace of growth was the most pronounced in 2017 an increase of 202%. As a result, the export price reached the peak level of $5,100 per ton. From 2018 to 2021, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Malawi ($4,243 per ton), while the average price for exports to Burundi ($15 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Rwanda (+15.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Copper Tube or Pipe Fitting in Tanzania
Copper tube or pipe fitting imports into Tanzania surged to 108 tons in 2022, growing by 99% on the previous year's figure. Overall, imports posted a prominent expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 232% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.
In value terms, copper tube or pipe fitting imports surged to $303K in 2022. In general, imports posted a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of 179% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Copper Tube or Pipe Fitting in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 105 | 22.4 | 97.2 | 236 | 31.0% |
| United Arab Emirates | 33.1 | 3.1 | 9.4 | 16.0 | -21.5% |
| Spain | 28.0 | 15.8 | 15.1 | 14.5 | -19.7% |
| India | 3.3 | 0.2 | 0.2 | 11.4 | 51.2% |
| South Korea | 1.2 | 1.5 | 1.0 | 3.6 | 44.2% |
| Turkey | 0.2 | 0.4 | 4.0 | 2.3 | 125.7% |
| United States | 4.9 | 4.2 | 14.1 | N/A | 69.6% |
| Others | 29.4 | 10.4 | 21.3 | 18.7 | -14.0% |
| Total | 204 | 58.0 | 162 | 303 | 14.1% |
Top Suppliers of Copper Tube or Pipe Fitting to Tanzania in 2022:
- China (76.4 tons)
- United Arab Emirates (17.1 tons)
- India (7.6 tons)
- Turkey (2.7 tons)
- South Korea (2.2 tons)
- Spain (0.3 tons)
Exports of Copper Tube or Pipe Fitting in Tanzania
In 2021, the amount of tube or pipe fittings, couplings, elbows, sleeves of refined copper exported from Tanzania surged to 1.9 tons, growing by 435% against the previous year. Overall, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, copper tube or pipe fitting exports contracted markedly to $896 in 2021. Over the period under review, exports, however, recorded a dramatic downturn.
| Export of Copper Tube or Pipe Fitting in Tanzania (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | CAGR, 2020-2021 | ||
| Malawi | 1,339 | 857 | -36.0% | ||
| Burundi | N/A | 22.0 | 0% | ||
| Zambia | 8.0 | 5.0 | -37.5% | ||
| Democratic Republic of the Congo | 8.0 | 4.0 | -50.0% | ||
| Others | 17.0 | 8.0 | -52.9% | ||
| Total | 1,372 | 896 | -34.7% | ||
Top Export Markets for Copper Tube or Pipe Fitting from Tanzania in 2022:
- Burundi (1435.0 kg)
- Malawi (202.0 kg)
- Zambia (110.0 kg)
- Democratic Republic of the Congo (99.0 kg)
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This report provides an in-depth analysis of the market for copper pipe and fitting in Tanzania.
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This report provides an in-depth analysis of the global market for copper pipe and fitting.
