Price for Refined Copper Tube and Pipe in Croatia - 2023
Contents:
- Price for Refined Copper Tube and Pipe in Croatia (CIF) - 2023
- Price for Refined Copper Tube and Pipe in Croatia (FOB) - 2023
- Imports of Refined Copper Tube and Pipe in Croatia
- Exports of Refined Copper Tube and Pipe in Croatia
Price for Refined Copper Tube and Pipe in Croatia (CIF) - 2023
In July 2023, the average import price for tubes and pipes of refined copper amounted to $12,197 per ton, picking up by 3.8% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 an increase of 16% month-to-month. Over the period under review, average import prices reached the peak figure at $12,412 per ton in February 2023; however, from March 2023 to July 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Slovenia ($16,389 per ton), while the price for Turkey ($10,463 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 Slovenia (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Refined Copper Tube and Pipe in Croatia (FOB) - 2023
In July 2023, the average export price for tubes and pipes of refined copper amounted to $12,910 per ton, dropping by -7.1% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +1.2%. The growth pace was the most rapid in April 2023 an increase of 18% month-to-month. As a result, the export price reached the peak level of $14,340 per ton. From May 2023 to July 2023, the the average export prices remained at a lower figure.
Average prices varied somewhat for the major foreign markets. In July 2023, the countries with the highest prices were the Netherlands ($16,584 per ton) and Serbia ($15,347 per ton), while the average price for exports to Germany ($12,222 per ton) and Bosnia and Herzegovina ($12,561 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Kosovo (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Refined Copper Tube and Pipe in Croatia
Refined copper tube and pipe imports into Croatia reduced markedly to 1.5K tons in 2022, which is down by -15.5% on 2021 figures. Overall, imports continue to indicate a pronounced descent. The most prominent rate of growth was recorded in 2021 with an increase of 15%. As a result, imports reached the peak of 1.8K tons, and then dropped significantly in the following year.
In value terms, refined copper tube and pipe imports fell to $18M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +10.8% 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 +51.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 66%. As a result, imports reached the peak of $19M, and then reduced in the following year.
| Import of Refined Copper Tube and Pipe in Croatia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 6.8 | 5.3 | 9.5 | 8.9 | 9.4% |
| Turkey | 0.8 | 1.1 | 2.9 | 4.0 | 71.0% |
| Greece | 2.8 | 3.1 | 3.7 | 2.5 | -3.7% |
| Germany | 0.5 | 0.6 | 1.2 | 0.8 | 17.0% |
| Serbia | 1.0 | 0.6 | 0.7 | 0.6 | -15.7% |
| Slovenia | 0.8 | 0.7 | 0.8 | 0.4 | -20.6% |
| Others | 0.3 | 0.3 | 0.7 | 0.3 | 0.0% |
| Total | 13.0 | 11.7 | 19.4 | 17.6 | 10.6% |
Top Suppliers of Refined Copper Tube and Pipe to Croatia in 2022:
- Italy (740.6 tons)
- Turkey (344.8 tons)
- Greece (219.1 tons)
- Germany (70.8 tons)
- Serbia (55.2 tons)
- Slovenia (39.4 tons)
Exports of Refined Copper Tube and Pipe in Croatia
In 2022, overseas shipments of tubes and pipes of refined copper decreased by -21.3% to 111 tons for the first time since 2018, thus ending a three-year rising trend. Overall, total exports indicated a strong expansion from 2019 to 2022: its volume 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, exports increased by +35.2% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 50%. As a result, the exports attained the peak of 141 tons, and then shrank notably in the following year.
In value terms, refined copper tube and pipe exports reduced to $1.3M in 2022. In general, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 80%. As a result, the exports reached the peak of $1.5M, and then fell in the following year.
| Export of Refined Copper Tube and Pipe in Croatia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovenia | 338 | 337 | 498 | 553 | 17.8% |
| Bosnia and Herzegovina | 158 | 203 | 366 | 441 | 40.8% |
| Serbia | 120 | 153 | 361 | 129 | 2.4% |
| Hungary | 4.1 | 8.8 | 99.2 | 54.4 | 136.7% |
| Germany | 32.9 | 29.1 | 58.3 | 39.3 | 6.1% |
| Turkey | N/A | N/A | N/A | 33.3 | 0% |
| Others | 36.8 | 84.6 | 88.9 | 32.6 | -4.0% |
| Total | 690 | 815 | 1,471 | 1,283 | 23.0% |
Top Export Markets for Refined Copper Tube and Pipe from Croatia in 2022:
- Slovenia (46.7 tons)
- Bosnia and Herzegovina (42.3 tons)
- Serbia (9.8 tons)
- Hungary (4.3 tons)
- Turkey (3.2 tons)
- Germany (3.1 tons)
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