Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in South Africa - 2024
Contents:
- Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in South Africa (CIF) - 2024
- Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in South Africa (FOB) - 2022
- Imports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in South Africa
- Exports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in South Africa
Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in South Africa (CIF) - 2024
In December 2023, the average import price for copper; tube or pipe fittings (eg couplings, elbows, sleeves)s amounted to $4,661 per ton, waning by -59.6% against the previous month. Overall, the import price recorded a deep slump. The most prominent rate of growth was recorded in March 2023 an increase of 25% month-to-month. As a result, import price reached the peak level of $13,512 per ton. From April 2023 to December 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was India ($10,202 per ton), while the price for China amounted to $3,826 per ton.
From January 2023 to December 2023, the most notable rate of growth in terms of prices was attained by India (-1.4%).
Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in South Africa (FOB) - 2022
The average export price for copper; tube or pipe fittings (eg couplings, elbows, sleeves)s stood at $7,769 per ton in 2022, with a decrease of -6.9% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 49% against the previous year. As a result, the export price reached the peak level of $8,341 per ton, and then declined in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($16,390 per ton), while the average price for exports to Zimbabwe ($4,657 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 Botswana (+13.3%), 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 South Africa
In 2022, imports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s into South Africa reduced to 3.7K tons, which is down by -14.1% compared with the previous year's figure. Over the period under review, imports recorded a abrupt decline. The growth pace was the most rapid in 2021 when imports increased by 8.6% against the previous year.
In value terms, imports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s expanded sharply to $44M in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +15.1% 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 +52.6% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 33% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 22.8 | 25.3 | 33.9 | 36.4 | 16.9% |
| India | 0.6 | 0.8 | 1.1 | 1.3 | 29.4% |
| Germany | 1.2 | 0.8 | 1.0 | 1.2 | 0.0% |
| Others | 4.2 | 3.7 | 4.7 | 5.0 | 6.0% |
| Total | 28.8 | 30.7 | 40.8 | 43.9 | 15.1% |
Top Suppliers of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) to South Africa in 2022:
- China (3299.5 tons)
- India (106.6 tons)
- Germany (64.7 tons)
Exports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in South Africa
For the third year in a row, South Africa recorded decline in shipments abroad of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s, which decreased by -19.5% to 659 tons in 2022. Overall, exports continue to indicate a abrupt curtailment. The smallest decline of -4.7% was in 2020.
In value terms, exports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s contracted significantly to $5.1M in 2022. Over the period under review, exports saw a perceptible setback. The most prominent rate of growth was recorded in 2021 with an increase of 24% against the previous year. As a result, the exports reached the peak of $6.8M, and then fell sharply in the following year.
| Export of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Namibia | 1,182 | 1,109 | 1,539 | 1,533 | 9.1% |
| Botswana | 1,688 | 1,735 | 1,663 | 1,015 | -15.6% |
| Zimbabwe | 969 | 867 | 1,687 | 896 | -2.6% |
| Swaziland | 577 | 721 | 851 | 598 | 1.2% |
| Zambia | 478 | 124 | 108 | 260 | -18.4% |
| Lesotho | 193 | 230 | 258 | 236 | 6.9% |
| Mozambique | 238 | 108 | 108 | 122 | -20.0% |
| Others | 556 | 627 | 619 | 463 | -5.9% |
| Total | 5,880 | 5,521 | 6,833 | 5,123 | -4.5% |
Top Export Markets for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) from South Africa in 2022:
- Zimbabwe (192.4 tons)
- Namibia (159.0 tons)
- Botswana (102.9 tons)
- Swaziland (91.5 tons)
- Lesotho (42.1 tons)
- Zambia (17.4 tons)
- Mozambique (14.4 tons)
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