Price for Copper Alloy Tube or Pipe Fitting in Ireland - 2023

Contents:

1. Price for Copper Alloy Tube or Pipe Fitting in Ireland (CIF) - 2023
2. Price for Copper Alloy Tube or Pipe Fitting in Ireland (FOB) - 2022
3. Imports of Copper Alloy Tube or Pipe Fitting in Ireland
4. Exports of Copper Alloy Tube or Pipe Fitting in Ireland

Price for Copper Alloy Tube or Pipe Fitting in Ireland (CIF) - 2023

In December 2023, the average import price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys amounted to $10,404 per ton, with a decrease of -5.5% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 an increase of 74% against the previous month. The import price peaked at $15,519 per ton in April 2023; however, from May 2023 to December 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Denmark ($36,388 per ton), while the price for Germany ($3,698 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the UK (-0.1%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys amounted to $13,510 per ton, which is down by -10% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2014 an increase of 29%. As a result, the export price attained the peak level of $16,066 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to South Africa ($14,747 per ton) and the United States ($14,301 per ton), while the average price for exports to China ($10,780 per ton) and the Netherlands ($11,925 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Alloy Tube or Pipe Fitting in Ireland

In 2022, approx. 2.5K tons of tube or pipe fittings, couplings, elbows, sleeves of copper alloys were imported into Ireland; surging by 12% on the year before. The total import volume increased at an average annual rate of +9.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 28%. Over the period under review, imports of reached the peak figure in 2022 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 surged to $35M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +11.6% 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 +45.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

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

1. China (1258.4 tons)
2. Italy (577.9 tons)
3. United Kingdom (281.3 tons)
4. Germany (116.7 tons)
5. Austria (81.6 tons)
6. Belgium (57.7 tons)

Exports of Copper Alloy Tube or Pipe Fitting in Ireland

In 2022, approx. 55 tons of tube or pipe fittings, couplings, elbows, sleeves of copper alloys were exported from Ireland; dropping by -21.4% compared with the year before. Overall, exports showed a abrupt setback. The pace of growth appeared the most rapid in 2021 with an increase of 52%.

In value terms, exports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys dropped remarkably to $741K in 2022. Over the period under review, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 62% against the previous year. As a result, the exports reached the peak of $1M, and then fell rapidly in the following year.

Top Export Markets for Copper Alloy Tube or Pipe Fitting from Ireland in 2022:

1. United Kingdom (45.3 tons)
2. China (1.6 tons)
3. United States (1.4 tons)
4. Netherlands (1.3 tons)
5. South Africa (1.0 tons)
6. New Zealand (0.4 tons)

Source: IndexBox Market Intelligence Platform