Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Bulgaria - 2023

Contents:

1. Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Bulgaria (CIF) - 2023
2. Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Bulgaria (FOB) - 2022
3. Imports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Bulgaria
4. Exports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Bulgaria

Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Bulgaria (CIF) - 2023

In November 2023, the average import price for copper; tube or pipe fittings (eg couplings, elbows, sleeves)s amounted to $21,626 per ton, picking up by 13% against the previous month. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in July 2023 an increase of 27% month-to-month. Over the period under review, average import prices hit record highs at $21,688 per ton in April 2023; however, from May 2023 to November 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the UK ($27,764 per ton), while the price for China ($11,686 per ton) was amongst the lowest.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Spain (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Bulgaria (FOB) - 2022

In 2022, the average export price for copper; tube or pipe fittings (eg couplings, elbows, sleeves)s amounted to $12,945 per ton, reducing by -29.8% against the previous year. Over the period under review, the export price, however, saw noticeable growth. The pace of growth appeared the most rapid in 2016 when the average export price increased by 52%. The export price peaked at $18,434 per ton in 2021, and then contracted rapidly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($26,000 per ton), while the average price for exports to Romania ($6,762 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 Switzerland (+15.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Bulgaria

In 2022, after three years of growth, there was significant decline in purchases abroad of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s, when their volume decreased by -26% to 1.4K tons. Over the period under review, total imports indicated a pronounced expansion from 2019 to 2022: its volume increased at an average annual rate of +4.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 35%.

In value terms, imports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s declined notably to $26M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +13.9% 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 +47.9% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 40%.

Top Suppliers of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) to Bulgaria in 2022:

1. Italy (458.1 tons)
2. China (268.9 tons)
3. Spain (192.1 tons)
4. Turkey (149.8 tons)
5. Germany (110.6 tons)
6. India (86.5 tons)
7. United Kingdom (62.8 tons)

Exports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Bulgaria

In 2022, the amount of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s exported from Bulgaria soared to 161 tons, increasing by 50% against the year before. Over the period under review, exports posted significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 99%. As a result, the exports reached the peak of 164 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s rose remarkably to $2.1M in 2022. In general, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +16.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -9.0% against 2020 indices. The growth pace was the most rapid in 2020 when exports increased by 72% against the previous year. As a result, the exports attained the peak of $2.3M. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Top Export Markets for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) from Bulgaria in 2022:

1. Germany (65.4 tons)
2. India (30.1 tons)
3. Russia (27.0 tons)
4. Spain (7.1 tons)
5. Romania (6.2 tons)
6. Italy (5.5 tons)
7. Denmark (3.7 tons)
8. Turkey (3.2 tons)
9. China (2.9 tons)
10. Georgia (2.3 tons)
11. Armenia (1.3 tons)

Source: IndexBox Market Intelligence Platform