Price for Copper Alloy Tube or Pipe Fitting in Canada - 2024

Price for Copper Alloy Tube or Pipe Fitting in Canada (CIF) - 2024

In January 2024, the average import price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys amounted to $18,049 per ton, increasing by 17% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.2%. The pace of growth was the most pronounced in March 2023 when the average import price increased by 27% m-o-m. Over the period under review, average import prices attained the maximum in January 2024.

There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Germany ($53,086 per ton), while the price for China ($11,781 per ton) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Italy (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper Alloy Tube or Pipe Fitting in Canada (FOB) - 2022

In 2022, the average export price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys amounted to $23,371 per ton, which is down by -6.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2021 an increase of 22%. As a result, the export price reached the peak level of $25,071 per ton, and then contracted in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($23,371 per ton), while the average price for exports to the UK amounted to $23,371 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+2.0%).

Imports of Copper Alloy Tube or Pipe Fitting in Canada

Imports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys into Canada rose rapidly to 14K tons in 2022, growing by 12% on the previous year. The total import volume increased at an average annual rate of +8.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys expanded sharply to $161M in 2022. The total import value increased at an average annual rate of +10.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 33%. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Copper Alloy Tube or Pipe Fitting in Canada (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	36.7	35.4	52.3	54.8	14.3%
United States	41.4	40.1	48.3	48.4	5.3%
Taiwan (Chinese)	14.2	11.6	16.5	20.6	13.2%
India	5.0	4.0	7.0	8.7	20.3%
Australia	6.8	6.0	5.8	5.8	-5.2%
Italy	3.2	3.2	5.2	4.2	9.5%
Others	12.3	13.4	15.7	19.0	15.6%
Total	120	114	151	161	10.3%

Top Suppliers of Copper Alloy Tube or Pipe Fitting to Canada in 2022:

China (6.5K tons)
United States (3.1K tons)
Taiwan (Chinese) (1.5K tons)
Australia (0.9K tons)
India (0.6K tons)
Italy (0.3K tons)

Exports of Copper Alloy Tube or Pipe Fitting in Canada

After two years of decline, shipments abroad of tube or pipe fittings, couplings, elbows, sleeves of copper alloys increased by 31% to 1K tons in 2022. Overall, exports, however, saw a mild setback.

In value terms, exports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys skyrocketed to $24M in 2022. The total export value increased at an average annual rate of +4.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 22%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.