Price for Refined Copper Tube and Pipe in Libya - 2022

Contents:

  1. Price for Refined Copper Tube and Pipe in Libya (CIF) - 2022
  2. Price for Refined Copper Tube and Pipe in Libya (FOB) - 2022
  3. Imports of Refined Copper Tube and Pipe in Libya
  4. Exports of Refined Copper Tube and Pipe in Libya

Price for Refined Copper Tube and Pipe in Libya (CIF) - 2022

In 2022, the average import price for tubes and pipes of refined copper amounted to $12,396 per ton, surging by 17% against the previous year. In general, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +9.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, refined copper tube and pipe import price increased by +99.4% against 2016 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 56%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($13,453 per ton), while the price for South Korea ($7,288 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Refined Copper Tube and Pipe in Libya (FOB) - 2022

The average export price for tubes and pipes of refined copper stood at $4,565 per ton in 2022, standing approx. at the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The export price peaked at $4,595 per ton in 2021, and then reduced in the following year.

As there is only one major export destination, the average price level is determined by prices for Georgia.

From 2021 to 2022, the rate of growth in terms of prices for Congo amounted to 0.0% per year.

Imports of Refined Copper Tube and Pipe in Libya

In 2022, imports of tubes and pipes of refined copper into Libya skyrocketed to 338 tons, increasing by 124% against the previous year's figure. In general, imports saw a significant expansion. 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 surged to $4.2M in 2022. Overall, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Refined Copper Tube and Pipe in Libya (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Turkey2381952631,48484.1%
China4184185201,34547.6%
Italy18660.720830217.5%
Greece46.565.812720463.7%
Spain81.981.811118831.9%
Tunisia99.210714913911.9%
South Korea12252.158.280.9-12.8%
Others24417317245022.6%
Total1,4371,1531,6084,19542.9%

Top Suppliers of Refined Copper Tube and Pipe to Libya in 2022:

  1. China (116.7 tons)
  2. Turkey (110.3 tons)
  3. Italy (28.8 tons)
  4. Greece (20.7 tons)
  5. Spain (20.5 tons)
  6. South Korea (11.1 tons)
  7. Tunisia (11.0 tons)

Exports of Refined Copper Tube and Pipe in Libya

In 2022, exports of tubes and pipes of refined copper from Libya reduced markedly to 1.8 tons, which is down by -20.9% on 2021 figures. Overall, exports saw a dramatic decline.

In value terms, refined copper tube and pipe exports dropped rapidly to $8.3K in 2022. Over the period under review, exports continue to indicate a precipitous contraction.

Export of Refined Copper Tube and Pipe in Libya (Thousand USD)
COUNTRY20212022CAGR,
2021-2022
GeorgiaN/A8.30%
Congo10.6N/A0%
OthersN/AN/A0%
Total10.68.3-21.7%

Top Export Markets for Refined Copper Tube and Pipe from Libya in 2022:

  1. Georgia (1.8 tons)

Source: IndexBox Market Intelligence Platform

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