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

Contents:

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

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

In November 2023, the average import price for copper; tube or pipe fittings (eg couplings, elbows, sleeves)s amounted to $27,438 per ton, which is down by -9.1% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in May 2023 an increase of 29% m-o-m. As a result, import price reached the peak level of $31,899 per ton. From June 2023 to November 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was the UK ($50,399 per ton), while the price for China ($18,339 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 the UK (+5.3%), 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 Finland (FOB) - 2022

In 2022, the average export price for copper; tube or pipe fittings (eg couplings, elbows, sleeves)s amounted to $22,096 per ton, remaining constant against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 28% against the previous year. Over the period under review, the average export prices reached the maximum at $25,867 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($50,157 per ton), while the average price for exports to Italy ($15,481 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 Russia (+3.8%), 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 Finland

In 2022, approx. 2K tons of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s were imported into Finland; rising by 16% compared with the year before. The total import volume increased at an average annual rate of +5.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, imports attained 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 surged to $48M in 2022. The total import value increased at an average annual rate of +5.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. Sweden (698.2 tons)
2. Germany (392.7 tons)
3. China (285.2 tons)
4. Italy (269.0 tons)
5. Poland (106.4 tons)
6. Turkey (95.6 tons)
7. Hong Kong SAR (37.6 tons)
8. Belgium (17.7 tons)

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

In 2022, approx. 334 tons of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s were exported from Finland; growing by 2.7% against the previous year's figure. The total export volume increased at an average annual rate of +6.1% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 8.9% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s expanded modestly to $7.4M in 2022. The total export value increased at an average annual rate of +6.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2021 when exports increased by 8.8%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

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

1. Sweden (82.2 tons)
2. Poland (40.2 tons)
3. Belgium (37.4 tons)
4. Germany (32.3 tons)
5. Italy (30.8 tons)
6. Netherlands (26.5 tons)
7. Austria (20.8 tons)
8. Israel (16.7 tons)
9. Norway (8.5 tons)

Source: IndexBox Market Intelligence Platform