Price for Refined Copper Tube and Pipe in Norway - 2023
Contents:
- Price for Refined Copper Tube and Pipe in Norway (CIF) - 2022
- Price for Refined Copper Tube and Pipe in Norway (FOB) - 2022
- Imports of Refined Copper Tube and Pipe in Norway
- Exports of Refined Copper Tube and Pipe in Norway
Price for Refined Copper Tube and Pipe in Norway (CIF) - 2022
The average import price for tubes and pipes of refined copper stood at $13,149 per ton in 2022, remaining constant against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 37% against the previous year. As a result, import price reached the peak level of $13,264 per ton, leveling off in the following year.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Italy ($16,001 per ton) and the UK ($14,255 per ton), while the price for China ($11,399 per ton) and Germany ($11,552 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+22.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Refined Copper Tube and Pipe in Norway (FOB) - 2022
The average export price for tubes and pipes of refined copper stood at $7,311 per ton in 2022, declining by -5.3% against the previous year. Over the period under review, the export price saw a perceptible contraction. The pace of growth was the most pronounced in 2019 an increase of 97%. As a result, the export price attained the peak level of $14,388 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($18,478 per ton), while the average price for exports to Sweden amounted to $6,919 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+6.1%), while the prices for the other major destinations experienced a decline.
Imports of Refined Copper Tube and Pipe in Norway
For the fourth consecutive year, Norway recorded growth in purchases abroad of tubes and pipes of refined copper, which increased by 16% to 1.6K tons in 2022. The total import volume increased at an average annual rate of +6.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, refined copper tube and pipe imports rose markedly to $21M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +17.8% 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 +63.6% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 40%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.
| Import of Refined Copper Tube and Pipe in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 2.6 | 2.7 | 4.7 | 4.8 | 22.7% |
| Finland | 3.1 | 3.3 | 3.9 | 3.9 | 8.0% |
| Sweden | 1.9 | 2.1 | 3.3 | 3.0 | 16.4% |
| Italy | 1.6 | 1.1 | 1.4 | 2.3 | 12.9% |
| Germany | 1.3 | 1.9 | 2.3 | 2.0 | 15.4% |
| China | 0.4 | 0.4 | 0.5 | 1.9 | 68.1% |
| Hong Kong SAR | 0.1 | N/A | 0.1 | 0.7 | 91.3% |
| Denmark | 0.6 | 0.4 | 0.6 | 0.5 | -5.9% |
| Malaysia | 0.4 | 0.2 | N/A | N/A | -50.0% |
| Others | 0.8 | 0.9 | 1.6 | 1.9 | 33.4% |
| Total | 12.9 | 13.1 | 18.3 | 21.0 | 17.6% |
Top Suppliers of Refined Copper Tube and Pipe to Norway in 2022:
- United Kingdom (334.2 tons)
- Finland (302.1 tons)
- Sweden (226.0 tons)
- Germany (172.7 tons)
- China (168.5 tons)
- Italy (143.1 tons)
- Hong Kong SAR (52.2 tons)
- Denmark (26.6 tons)
- Malaysia (0.4 tons)
Exports of Refined Copper Tube and Pipe in Norway
After three years of growth, shipments abroad of tubes and pipes of refined copper decreased by -7.1% to 230 tons in 2022. In general, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 1,421%.
In value terms, refined copper tube and pipe exports declined to $1.7M in 2022. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 592% against the previous year.
| Export of Refined Copper Tube and Pipe in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 14.7 | 677 | 1,868 | 1,532 | 370.6% |
| Denmark | 19.7 | 72.2 | 10.8 | 102 | 73.0% |
| Croatia | 51.0 | 47.0 | 15.1 | N/A | -45.6% |
| Others | 34.7 | 35.1 | 20.6 | 49.1 | 12.3% |
| Total | 120 | 831 | 1,914 | 1,683 | 141.2% |
Top Export Markets for Refined Copper Tube and Pipe from Norway in 2022:
- Sweden (221.4 tons)
- Denmark (5.5 tons)
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