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

Contents:

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

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

The average export price for copper; tube or pipe fittings (eg couplings, elbows, sleeves)s stood at $9,024 per ton in 2022, with an increase of 6.3% against the previous year. Overall, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for copper; tube or pipe fittings (eg couplings, elbows, sleeves)s increased by +41.5% against 2018 indices. The pace of growth was the most pronounced in 2016 an increase of 56%. As a result, the export price reached the peak level of $10,488 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($14,016 per ton), while the average price for exports to Turkey ($7,532 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 Kazakhstan (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for copper; tube or pipe fittings (eg couplings, elbows, sleeves)s amounted to $6,038 per ton, waning by -34.5% against the previous year. In general, the import price saw a abrupt curtailment. The growth pace was the most rapid in 2020 an increase of 35%. Over the period under review, average import prices hit record highs at $13,902 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($154,434 per ton), while the price for China ($4,342 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+29.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

After three years of growth, shipments abroad of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s decreased by -1.5% to 337 tons in 2022. Overall, exports, however, showed a significant increase. The growth pace was the most rapid in 2020 when exports increased by 124%.

In value terms, exports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s reached $3M in 2022. In general, exports, however, saw a significant increase. The growth pace was the most rapid in 2020 with an increase of 113% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in years to come.

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

1. Kazakhstan (262.5 tons)
2. Turkey (61.1 tons)
3. Georgia (3.6 tons)

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

In 2022, after two years of decline, there was significant growth in purchases abroad of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s, when their volume increased by 77% to 261 tons. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +5.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 $1.6M in 2022. Over the period under review, imports, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2020 when imports increased by 19% against the previous year. As a result, imports reached the peak of $2.4M. From 2021 to 2022, the growth of imports of remained at a lower figure.

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

1. China (232.8 tons)
2. Turkey (21.2 tons)
3. United Arab Emirates (0.4 tons)

Source: IndexBox Market Intelligence Platform