Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Canada - 2024
Contents:
- Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Canada (CIF) - 2024
- Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Canada (FOB) - 2024
- Imports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Canada
- Exports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Canada
Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Canada (CIF) - 2024
In December 2023, the average import price for copper; tube or pipe fittings (eg couplings, elbows, sleeves)s amounted to $16,426 per ton, increasing by 5.6% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 when the average import price increased by 21% month-to-month. The import price peaked at $17,955 per ton in August 2023; however, from September 2023 to December 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Germany ($60,066 per ton), while the price for China ($9,514 per ton) was amongst the lowest.
From January 2023 to December 2023, the most notable rate of growth in terms of prices was attained by Italy (+4.8%), 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 Canada (FOB) - 2024
In December 2023, the average export price for copper; tube or pipe fittings (eg couplings, elbows, sleeves)s amounted to $25,574 per ton, reducing by -7.2% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in April 2023 when the average export price increased by 0.9% against the previous month. As a result, the export price attained the peak level of $27,860 per ton. From May 2023 to December 2023, the the average export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In December 2023, the country with the highest price was the United States ($25,587 per ton), while the average price for exports to the UK stood at $25,338 per ton.
From January 2023 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (-0.6%).
Imports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Canada
For the fourth consecutive year, Canada recorded growth in purchases abroad of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s, which increased by 18% to 17K tons in 2022. The total import volume increased at an average annual rate of +12.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s rose sharply to $217M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +14.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 34%. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in the near future.
| Import of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 47.2 | 47.1 | 69.9 | 76.7 | 17.6% |
| United States | 43.8 | 42.2 | 53.1 | 55.6 | 8.3% |
| Taiwan (Chinese) | 14.6 | 12.1 | 17.5 | 21.1 | 13.1% |
| Germany | 12.9 | 13.4 | 16.0 | 20.8 | 17.3% |
| Thailand | 3.8 | 5.8 | 5.1 | 12.6 | 49.1% |
| India | 5.0 | 4.0 | 7.0 | 8.7 | 20.3% |
| Australia | 6.8 | 6.0 | 5.8 | 5.8 | -5.2% |
| Others | 11.4 | 12.2 | 16.2 | 16.2 | 12.4% |
| Total | 145 | 143 | 191 | 217 | 14.4% |
Top Suppliers of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) to Canada in 2022:
- China (8.0K tons)
- United States (3.6K tons)
- Taiwan (Chinese) (1.5K tons)
- Thailand (1.3K tons)
- Australia (0.8K tons)
- India (0.6K tons)
- Germany (0.4K tons)
Exports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Canada
In 2022, exports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s from Canada skyrocketed to 1.3K tons, jumping by 21% on 2021. Over the period under review, exports, however, saw a relatively flat trend pattern.
In value terms, exports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s expanded significantly to $31M in 2022. The total export value increased at an average annual rate of +5.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 29% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Export of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 24.0 | 18.9 | 22.9 | 28.8 | 6.3% |
| China | 0.1 | 0.2 | 2.0 | 0.3 | 44.2% |
| Others | 2.1 | 1.8 | 2.1 | 1.9 | -3.3% |
| Total | 26.3 | 20.9 | 27.1 | 30.9 | 5.5% |
Top Export Markets for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) from Canada in 2022:
- United States (1239.9 tons)
- China (11.1 tons)
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