Price for Refined Copper Tube and Pipe in Sweden - 2023
Contents:
- Price for Refined Copper Tube and Pipe in Sweden (CIF) - 2022
- Price for Refined Copper Tube and Pipe in Sweden (FOB) - 2023
- Imports of Refined Copper Tube and Pipe in Sweden
- Exports of Refined Copper Tube and Pipe in Sweden
Price for Refined Copper Tube and Pipe in Sweden (CIF) - 2022
In 2022, the average import price for tubes and pipes of refined copper amounted to $11,157 per ton, surging by 5.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The growth pace was the most rapid in 2021 an increase of 33%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue growth in years to come.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($12,319 per ton) and Italy ($12,280 per ton), while the price for Denmark ($9,836 per ton) and the UK ($10,032 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Refined Copper Tube and Pipe in Sweden (FOB) - 2023
In July 2023, the average export price for tubes and pipes of refined copper amounted to $13,187 per ton, picking up by 4.4% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 an increase of 25% m-o-m. The export price peaked at $13,412 per ton in May 2023; however, from June 2023 to July 2023, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In July 2023, the countries with the highest prices were Norway ($14,262 per ton) and Denmark ($12,746 per ton), while the average price for exports to Lithuania ($11,924 per ton) and Finland ($12,634 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 Finland (+1.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Refined Copper Tube and Pipe in Sweden
In 2022, overseas purchases of tubes and pipes of refined copper were finally on the rise to reach 9.5K tons after two years of decline. Over the period under review, imports, however, showed a mild slump.
In value terms, refined copper tube and pipe imports rose significantly to $106M in 2022. The total import value increased at an average annual rate of +10.0% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 32% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Refined Copper Tube and Pipe in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 28.5 | 26.8 | 30.3 | 31.1 | 3.0% |
| Italy | 12.5 | 11.5 | 16.4 | 25.2 | 26.3% |
| Finland | 5.6 | 5.9 | 7.7 | 11.3 | 26.4% |
| Greece | 6.2 | 5.9 | 9.4 | 7.6 | 7.0% |
| Germany | 8.9 | 7.6 | 7.8 | 7.4 | -6.0% |
| Austria | 4.9 | 4.9 | 11.4 | 7.2 | 13.7% |
| Mexico | 1.1 | 2.0 | 3.0 | 3.7 | 49.8% |
| China | 3.4 | 1.9 | 2.6 | 3.6 | 1.9% |
| Denmark | 4.1 | 1.4 | 1.7 | 1.5 | -28.5% |
| Others | 4.4 | 4.4 | 5.3 | 7.2 | 17.8% |
| Total | 79.4 | 72.3 | 95.7 | 106 | 10.1% |
Top Suppliers of Refined Copper Tube and Pipe to Sweden in 2022:
- United Kingdom (3097.0 tons)
- Italy (2049.0 tons)
- Finland (976.2 tons)
- Greece (706.0 tons)
- Austria (663.0 tons)
- Germany (604.4 tons)
- Mexico (355.0 tons)
- China (326.0 tons)
- Denmark (150.8 tons)
Exports of Refined Copper Tube and Pipe in Sweden
In 2022, shipments abroad of tubes and pipes of refined copper decreased by -9.2% to 2.4K tons, falling for the second consecutive year after two years of growth. Overall, exports recorded a perceptible reduction. The pace of growth appeared the most rapid in 2020 with an increase of 1.6% against the previous year. As a result, the exports attained the peak of 2.7K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, refined copper tube and pipe exports contracted slightly to $29M in 2022. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +11.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +39.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 39%. As a result, the exports reached the peak of $30M, and then fell in the following year.
| Export of Refined Copper Tube and Pipe in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 12.9 | 12.9 | 18.0 | 17.6 | 10.9% |
| Norway | 5.5 | 5.7 | 8.2 | 8.7 | 16.5% |
| Denmark | 2.2 | 2.6 | 3.1 | 2.2 | 0.0% |
| Others | 0.4 | 0.6 | 1.1 | 0.8 | 26.0% |
| Total | 20.9 | 21.8 | 30.3 | 29.3 | 11.9% |
Top Export Markets for Refined Copper Tube and Pipe from Sweden in 2022:
- Finland (1503.1 tons)
- Norway (643.0 tons)
- Denmark (186.0 tons)
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