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

Contents:

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

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

In November 2023, the average import price for copper; tube or pipe fittings (eg couplings, elbows, sleeves)s amounted to $11,427 per ton, increasing by 12% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2023 when the average import price increased by 71% m-o-m. The import price peaked at $16,465 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 ($21,913 per ton), while the price for Germany ($8,865 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 Italy (+2.3%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In November 2023, the average export price for copper; tube or pipe fittings (eg couplings, elbows, sleeves)s amounted to $16,598 per ton, approximately equating the previous month. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in June 2023 an increase of 16% against the previous month. As a result, the export price attained the peak level of $19,064 per ton. From July 2023 to November 2023, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In November 2023, the country with the highest price was New Zealand ($43,965 per ton), while the average price for exports to the United States ($2,270 per ton) was amongst the lowest.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+29.2%), 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 Ireland

In 2022, imports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s into Ireland rose markedly to 2.7K tons, surging by 5.3% against 2021 figures. The total import volume increased at an average annual rate of +4.9% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 18% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, imports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s rose markedly to $38M in 2022. The total import value increased at an average annual rate of +9.6% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 16%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in years to come.

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

1. China (1332.4 tons)
2. Italy (577.8 tons)
3. United Kingdom (309.1 tons)
4. Germany (123.1 tons)
5. Austria (81.6 tons)
6. Belgium (61.5 tons)
7. Netherlands (28.8 tons)

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

Exports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s from Ireland fell significantly to 64 tons in 2022, with a decrease of -32.5% on 2021. Overall, exports saw a deep slump. The growth pace was the most rapid in 2021 when exports increased by 67% against the previous year. As a result, the exports attained the peak of 94 tons, and then shrank remarkably in the following year.

In value terms, exports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s contracted significantly to $1M in 2022. Over the period under review, exports showed a pronounced setback. The most prominent rate of growth was recorded in 2021 with an increase of 79% against the previous year. As a result, the exports attained the peak of $1.7M, and then shrank sharply in the following year.

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

1. United Kingdom (53.0 tons)
2. China (1.7 tons)
3. United States (1.4 tons)
4. Netherlands (1.3 tons)
5. South Africa (1.0 tons)
6. New Zealand (0.7 tons)

Source: IndexBox Market Intelligence Platform