Price for Refined Copper Tube and Pipe in India - 2023
Contents:
- Price for Refined Copper Tube and Pipe in India (CIF) - 2023
- Price for Refined Copper Tube and Pipe in India (FOB) - 2023
- Imports of Refined Copper Tube and Pipe in India
- Exports of Refined Copper Tube and Pipe in India
Price for Refined Copper Tube and Pipe in India (CIF) - 2023
In July 2023, the average import price for tubes and pipes of refined copper amounted to $9,736 per ton, stabilizing at the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 16% month-to-month. Over the period under review, average import prices attained the peak figure at $10,739 per ton in July 2022; however, from August 2022 to July 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the highest price was recorded for prices from China ($12,161 per ton) and South Korea ($9,824 per ton), while the price for Hong Kong SAR ($9,439 per ton) and Vietnam ($9,493 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Thailand (+1.4%), while the prices for the other major suppliers experienced a decline.
Price for Refined Copper Tube and Pipe in India (FOB) - 2023
In July 2023, the average export price for tubes and pipes of refined copper amounted to $11,591 per ton, rising by 2.6% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 an increase of 8.3% against the previous month. As a result, the export price attained the peak level of $12,255 per ton. From April 2023 to July 2023, the the average export prices remained at a lower figure.
Average prices varied somewhat for the major export markets. In July 2023, the countries with the highest prices were Nepal ($13,361 per ton) and Yemen ($11,821 per ton), while the average price for exports to Canada ($10,461 per ton) and the United States ($11,717 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 Yemen (+2.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Refined Copper Tube and Pipe in India
In 2022, approx. 84K tons of tubes and pipes of refined copper were imported into India; rising by 34% against the year before. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +9.6% 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 +76.6% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, refined copper tube and pipe imports skyrocketed to $861M in 2022. Overall, imports continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 74% 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 India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 270 | 208 | 361 | 628 | 32.5% |
| Malaysia | 117 | 76.2 | 98.1 | 102 | -4.5% |
| China | 15.5 | 8.8 | 59.1 | 65.5 | 61.7% |
| Thailand | 32.4 | 24.9 | 40.6 | 42.0 | 9.0% |
| South Korea | 10.2 | 6.9 | 8.9 | 10.9 | 2.2% |
| Others | 11.4 | 6.9 | 6.8 | 12.8 | 3.9% |
| Total | 456 | 331 | 575 | 861 | 23.6% |
Top Suppliers of Refined Copper Tube and Pipe to India in 2022:
- Vietnam (61.6K tons)
- Malaysia (9.9K tons)
- China (5.9K tons)
- Thailand (3.9K tons)
- South Korea (1.0K tons)
Exports of Refined Copper Tube and Pipe in India
For the fourth consecutive year, India recorded growth in shipments abroad of tubes and pipes of refined copper, which increased by 37% to 4.5K tons in 2022. Overall, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, refined copper tube and pipe exports skyrocketed to $52M in 2022. Over the period under review, exports saw significant growth. The growth pace was the most rapid in 2021 when exports increased by 66% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Refined Copper Tube and Pipe in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 8.3 | 5.5 | 13.3 | 25.8 | 45.9% |
| Canada | 2.1 | 2.2 | 4.6 | 12.8 | 82.7% |
| United Arab Emirates | 0.5 | 0.6 | 1.7 | 2.0 | 58.7% |
| Nepal | 1.0 | 0.8 | 1.8 | 1.7 | 19.3% |
| Egypt | 0.6 | 1.2 | 0.5 | 0.9 | 14.5% |
| Nigeria | 1.3 | 0.8 | 1.2 | 0.9 | -11.5% |
| Malaysia | 0.4 | 1.0 | 0.5 | 0.5 | 7.7% |
| South Korea | 0.5 | 4.6 | 5.4 | N/A | 228.6% |
| Others | 4.0 | 3.7 | 5.0 | 7.0 | 20.5% |
| Total | 18.6 | 20.4 | 33.9 | 51.6 | 40.5% |
Top Export Markets for Refined Copper Tube and Pipe from India in 2022:
- United States (2284.8 tons)
- Canada (1136.7 tons)
- United Arab Emirates (190.4 tons)
- Nepal (141.3 tons)
- Nigeria (82.4 tons)
- Egypt (79.1 tons)
- Malaysia (46.9 tons)
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