Price for Refined Copper Tube and Pipe in Belgium - 2023
Contents:
- Price for Refined Copper Tube and Pipe in Belgium (CIF) - 2023
- Price for Refined Copper Tube and Pipe in Belgium (FOB) - 2023
- Imports of Refined Copper Tube and Pipe in Belgium
- Exports of Refined Copper Tube and Pipe in Belgium
Price for Refined Copper Tube and Pipe in Belgium (CIF) - 2023
The average import price for tubes and pipes of refined copper stood at $13,014 per ton in July 2023, leveling off at the previous month. Over the last twelve months, it increased at an average monthly rate of +2.4%. The pace of growth was the most pronounced in April 2023 an increase of 18% m-o-m. The import price peaked at $13,119 per ton in June 2023, and then contracted in the following month.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Romania ($25,507 per ton), while the price for the Netherlands ($5,150 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Refined Copper Tube and Pipe in Belgium (FOB) - 2023
The average export price for tubes and pipes of refined copper stood at $13,383 per ton in July 2023, stabilizing at the previous month. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in December 2022 when the average export price increased by 15% against the previous month. Over the period under review, the average export prices reached the peak figure at $14,311 per ton in April 2023; however, from May 2023 to July 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the Czech Republic ($31,031 per ton), while the average price for exports to Germany ($10,266 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+1.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Refined Copper Tube and Pipe in Belgium
In 2022, after three years of growth, there was significant decline in supplies from abroad of tubes and pipes of refined copper, when their volume decreased by -11.2% to 9.5K tons. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 6.7%. As a result, imports reached the peak of 11K tons, and then dropped in the following year.
In value terms, refined copper tube and pipe imports amounted to $110M in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +10.6% 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 +44.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 33% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Refined Copper Tube and Pipe in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.9 | 6.7 | 13.3 | 21.8 | 46.7% |
| Greece | 13.1 | 13.8 | 18.2 | 20.4 | 15.9% |
| Germany | 21.8 | 21.6 | 22.4 | 18.8 | -4.8% |
| Slovakia | 12.0 | 10.1 | 8.0 | 7.8 | -13.4% |
| Mexico | 3.9 | 4.1 | 8.9 | 7.6 | 24.9% |
| Italy | 3.1 | 2.8 | 5.7 | 5.4 | 20.3% |
| Austria | 4.9 | 1.7 | 1.2 | 5.2 | 2.0% |
| South Korea | 3.4 | 2.9 | 4.0 | 4.2 | 7.3% |
| Thailand | 4.9 | 4.0 | 10.4 | 3.7 | -8.9% |
| Czech Republic | 2.4 | 1.8 | 2.1 | 3.4 | 12.3% |
| Netherlands | 1.2 | 2.2 | 3.2 | 3.1 | 37.2% |
| Others | 4.1 | 4.9 | 4.0 | 9.2 | 30.9% |
| Total | 81.6 | 76.5 | 101 | 110 | 10.5% |
Top Suppliers of Refined Copper Tube and Pipe to Belgium in 2022:
- Greece (2162.5 tons)
- Germany (1778.6 tons)
- China (1637.2 tons)
- Mexico (643.0 tons)
- Slovakia (550.2 tons)
- Italy (485.7 tons)
- Austria (462.9 tons)
- South Korea (313.3 tons)
- Thailand (295.8 tons)
- Netherlands (293.1 tons)
- Czech Republic (215.9 tons)
Exports of Refined Copper Tube and Pipe in Belgium
In 2022, shipments abroad of tubes and pipes of refined copper decreased by -22.1% to 732 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 70%. As a result, the exports attained the peak of 940 tons, and then declined sharply in the following year.
In value terms, refined copper tube and pipe exports contracted dramatically to $10M in 2022. In general, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2021 with an increase of 107% against the previous year. As a result, the exports reached the peak of $13M, and then shrank notably in the following year.
| Export of Refined Copper Tube and Pipe in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 1.5 | 2.2 | 4.0 | 4.5 | 44.2% |
| France | 2.2 | 2.7 | 6.0 | 2.7 | 7.1% |
| Czech Republic | N/A | N/A | 0.1 | 0.5 | 400.0% |
| Luxembourg | 0.2 | 0.4 | 0.7 | 0.5 | 35.7% |
| Germany | 0.1 | 0.2 | 0.4 | 0.5 | 71.0% |
| Finland | N/A | N/A | N/A | 0.4 | 0% |
| Switzerland | 0.1 | 0.1 | 0.3 | 0.3 | 44.2% |
| Others | 0.6 | 0.6 | 1.2 | 0.8 | 10.1% |
| Total | 4.8 | 6.1 | 12.6 | 10.1 | 28.1% |
Top Export Markets for Refined Copper Tube and Pipe from Belgium in 2022:
- Netherlands (312.5 tons)
- France (203.9 tons)
- Czech Republic (47.7 tons)
- Germany (43.2 tons)
- Finland (35.9 tons)
- Luxembourg (34.1 tons)
- Switzerland (18.5 tons)
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This report provides an in-depth analysis of the market for copper tube and pipe in Belgium.
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This report provides an in-depth analysis of the global market for copper tube and pipe.
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