Price for Copper Alloy Tube or Pipe Fitting in Mexico - 2023
Contents:
- Price for Copper Alloy Tube or Pipe Fitting in Mexico (CIF) - 2022
- Price for Copper Alloy Tube or Pipe Fitting in Mexico (FOB) - 2023
- Imports of Copper Alloy Tube or Pipe Fitting in Mexico
- Exports of Copper Alloy Tube or Pipe Fitting in Mexico
Price for Copper Alloy Tube or Pipe Fitting in Mexico (CIF) - 2022
In 2022, the average import price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys amounted to $15,200 per ton, increasing by 22% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. Over the period under review, average import prices attained the peak figure at $18,322 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($29,589 per ton), while the price for India ($13,194 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Copper Alloy Tube or Pipe Fitting in Mexico (FOB) - 2023
In December 2023, the average export price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys amounted to $12,144 per ton, picking up by 81% against the previous month. Overall, the export price, however, saw a noticeable reduction. The pace of growth was the most pronounced in March 2023 when the average export price increased by 100% m-o-m. Over the period under review, the average export prices reached the maximum at $21,062 per ton in August 2023; however, from September 2023 to December 2023, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From December 2022 to December 2023, the rate of growth in terms of prices for the United States amounted to -3.4% per month.
Imports of Copper Alloy Tube or Pipe Fitting in Mexico
In 2022, the amount of tube or pipe fittings, couplings, elbows, sleeves of copper alloys imported into Mexico declined to 14K tons, with a decrease of -10.3% compared with 2021 figures. Overall, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +7.7% 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 +72.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 92%. As a result, imports attained the peak of 16K tons, and then declined in the following year.
In value terms, imports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys amounted to $219M in 2022. The total import value increased at an average annual rate of +5.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 37% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Copper Alloy Tube or Pipe Fitting in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 115 | 87.1 | 118 | 128 | 3.6% |
| China | 35.5 | 37.0 | 55.3 | 60.8 | 19.6% |
| India | 3.5 | N/A | 3.8 | 8.4 | 33.9% |
| United Kingdom | 9.2 | 4.5 | 3.4 | 2.4 | -36.1% |
| Italy | 7.6 | 4.4 | 4.4 | 2.1 | -34.9% |
| Others | 14.8 | 12.9 | 15.9 | 16.5 | 3.7% |
| Total | 185 | 146 | 201 | 219 | 5.8% |
Top Suppliers of Copper Alloy Tube or Pipe Fitting to Mexico in 2022:
- United States (8.5K tons)
- China (4.5K tons)
- India (0.6K tons)
- Italy (0.1K tons)
- United Kingdom (0.1K tons)
Exports of Copper Alloy Tube or Pipe Fitting in Mexico
In 2022, approx. 4.6K tons of tube or pipe fittings, couplings, elbows, sleeves of copper alloys were exported from Mexico; surging by 2.5% against 2021. Overall, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +7.2% 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 +69.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 65% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys surged to $86M in 2022. The total export value increased at an average annual rate of +4.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Copper Alloy Tube or Pipe Fitting in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 73.8 | 54.4 | 67.6 | 84.2 | 4.5% |
| Others | 0.7 | 1.8 | 1.5 | 1.3 | 22.9% |
| Total | 74.6 | 56.2 | 69.2 | 85.5 | 4.7% |
Top Export Markets for Copper Alloy Tube or Pipe Fitting from Mexico in 2022:
- United States (4.5K tons)
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