Price for Tubes and Pipes of Copper Alloys Other than Copper-Zinc, Cupro-Nickel or Nickel-Silver in the United States - 2024
Contents:
- Price for Tubes and Pipes of Copper Alloys Other than Copper-Zinc, Cupro-Nickel or Nickel-Silver in the United States (FOB) - 2024
- Price for Tubes and Pipes of Copper Alloys Other than Copper-Zinc, Cupro-Nickel or Nickel-Silver in the United States (CIF) - 2022
- Exports of Tubes and Pipes of Copper Alloys Other than Copper-Zinc, Cupro-Nickel or Nickel-Silver in the United States
- Imports of Tubes and Pipes of Copper Alloys Other than Copper-Zinc, Cupro-Nickel or Nickel-Silver in the United States
Price for Tubes and Pipes of Copper Alloys Other than Copper-Zinc, Cupro-Nickel or Nickel-Silver in the United States (FOB) - 2024
In December 2023, the average export price for tubes and pipes of copper alloys other than copper-zinc, cupro-nickel or nickel-silver amounted to $18,095 per ton, waning by -15.6% against the previous month. In general, export price indicated slight growth from February 2023 to December 2023: its price increased at an average monthly rate of +1.5% over the last ten months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, export price for tubes and pipes of copper alloys other than copper-zinc, cupro-nickel or nickel-silver decreased by -26.8% against September 2023 indices. The pace of growth was the most pronounced in September 2023 an increase of 97% month-to-month. As a result, the export price reached the peak level of $24,733 per ton. From October 2023 to December 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In December 2023, the country with the highest price was the UK ($51,214 per ton), while the average price for exports to Hungary ($5,880 per ton) was amongst the lowest.
From February 2023 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+16.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Tubes and Pipes of Copper Alloys Other than Copper-Zinc, Cupro-Nickel or Nickel-Silver in the United States (CIF) - 2022
In 2022, the average import price for tubes and pipes of copper alloys other than copper-zinc, cupro-nickel or nickel-silver amounted to $14,503 per ton, rising by 7.3% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 31% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($17,218 per ton), while the price for Vietnam ($9,984 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Tubes and Pipes of Copper Alloys Other than Copper-Zinc, Cupro-Nickel or Nickel-Silver in the United States
In 2022, overseas shipments of tubes and pipes of copper alloys other than copper-zinc, cupro-nickel or nickel-silver decreased by -49.2% to 1.5K tons, falling for the second year in a row after two years of growth. In general, exports continue to indicate a precipitous contraction. The most prominent rate of growth was recorded in 2020 with an increase of 38% against the previous year. As a result, the exports attained the peak of 5.4K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of tubes and pipes of copper alloys other than copper-zinc, cupro-nickel or nickel-silver reduced remarkably to $25M in 2022. Overall, exports showed a deep setback. The pace of growth appeared the most rapid in 2020 when exports increased by 30% against the previous year. As a result, the exports reached the peak of $55M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Tubes and Pipes of Copper Alloys Other than Copper-Zinc, Cupro-Nickel or Nickel-Silver in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 10.0 | 6.4 | 6.9 | 9.5 | -1.7% |
| Mexico | 10.4 | 39.8 | 24.0 | 7.5 | -10.3% |
| South Korea | 1.1 | 0.9 | 1.5 | 1.2 | 2.9% |
| Costa Rica | N/A | 0.1 | N/A | 0.8 | 182.8% |
| China | 0.8 | 0.5 | 0.7 | 0.8 | 0.0% |
| United Arab Emirates | 8.8 | 1.3 | 0.8 | N/A | -69.8% |
| Oman | 1.6 | N/A | N/A | N/A | 0% |
| Others | 9.3 | 5.7 | 4.7 | 5.3 | -17.1% |
| Total | 42.0 | 54.6 | 38.6 | 25.1 | -15.8% |
Top Export Markets for Tubes and Pipes of Copper Alloys Other than Copper-Zinc, Cupro-Nickel or Nickel-Silver from the United States in 2022:
- Mexico (627.0 tons)
- Canada (423.6 tons)
- South Korea (124.4 tons)
- Costa Rica (65.9 tons)
- China (27.0 tons)
- Oman (0.6 tons)
Imports of Tubes and Pipes of Copper Alloys Other than Copper-Zinc, Cupro-Nickel or Nickel-Silver in the United States
In 2022, supplies from abroad of tubes and pipes of copper alloys other than copper-zinc, cupro-nickel or nickel-silver decreased by -37.3% to 937 tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +5.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 39%. As a result, imports attained the peak of 1.5K tons, and then reduced notably in the following year.
In value terms, imports of tubes and pipes of copper alloys other than copper-zinc, cupro-nickel or nickel-silver plummeted to $14M in 2022. Over the period under review, imports, however, showed buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of 81%. As a result, imports attained the peak of $20M, and then fell remarkably in the following year.
| Import of Tubes and Pipes of Copper Alloys Other than Copper-Zinc, Cupro-Nickel or Nickel-Silver in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 1.7 | 1.7 | 3.0 | 4.5 | 38.3% |
| Mexico | 0.1 | 0.8 | 1.3 | 1.6 | 152.0% |
| Spain | N/A | N/A | 0.8 | 1.6 | 100.0% |
| China | 0.9 | 0.8 | 0.5 | 1.2 | 10.1% |
| Turkey | 0.6 | 0.7 | 1.0 | 0.9 | 14.5% |
| South Korea | N/A | 0.6 | 4.9 | 0.9 | 22.5% |
| Canada | 0.5 | 2.6 | 3.3 | 0.5 | 0.0% |
| France | 0.2 | 0.4 | 2.0 | 0.5 | 35.7% |
| Germany | 1.8 | 2.2 | 1.7 | 0.5 | -34.8% |
| Vietnam | 2.1 | 0.2 | 0.6 | 0.1 | -63.8% |
| Others | 1.7 | 1.1 | 1.1 | 1.2 | -11.0% |
| Total | 9.6 | 11.2 | 20.2 | 13.6 | 12.3% |
Top Suppliers of Tubes and Pipes of Copper Alloys Other than Copper-Zinc, Cupro-Nickel or Nickel-Silver to the United States in 2022:
- Austria (269.0 tons)
- Spain (137.8 tons)
- Mexico (113.6 tons)
- China (103.4 tons)
- South Korea (75.5 tons)
- Turkey (62.7 tons)
- Canada (36.5 tons)
- France (32.5 tons)
- Germany (31.8 tons)
- Vietnam (11.9 tons)
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