Price for Copper Tube or Pipe Fitting in Ethiopia - 2022
Contents:
- Price for Copper Tube or Pipe Fitting in Ethiopia (CIF) - 2022
- Imports of Copper Tube or Pipe Fitting in Ethiopia
Price for Copper Tube or Pipe Fitting in Ethiopia (CIF) - 2022
The average import price for tube or pipe fittings, couplings, elbows, sleeves of refined copper stood at $21,448 per ton in 2022, rising by 76% against the previous year. In general, the import price saw a strong expansion. The most prominent rate of growth was recorded in 2019 an increase of 163% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($54,111 per ton), while the price for India ($11,959 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Copper Tube or Pipe Fitting in Ethiopia
In 2022, after three years of growth, there was significant decline in supplies from abroad of tube or pipe fittings, couplings, elbows, sleeves of refined copper, when their volume decreased by -85.5% to 5.8 tons. Over the period under review, imports, however, showed a measured expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 659%. As a result, imports attained the peak of 40 tons, and then reduced markedly in the following year.
In value terms, copper tube or pipe fitting imports shrank significantly to $124K in 2022. Overall, imports, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2021 when imports increased by 401% against the previous year. As a result, imports attained the peak of $486K, and then shrank significantly in the following year.
| Import of Copper Tube or Pipe Fitting in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.0 | 3.1 | 349 | 50.8 | 116.6% |
| Canada | 80.6 | 84.8 | 41.8 | 27.3 | -30.3% |
| South Korea | 2.2 | 3.4 | 42.0 | 13.9 | 84.9% |
| Democratic People's Republic of Korea | 1.2 | 0.7 | 13.7 | 9.0 | 95.7% |
| South Africa | 1.1 | 1.6 | 14.8 | 8.0 | 93.7% |
| India | 0.3 | N/A | 1.8 | 6.2 | 174.4% |
| Italy | 0.3 | 0.1 | 2.1 | 4.3 | 142.9% |
| United Kingdom | 3.1 | 1.0 | 8.5 | 2.4 | -8.2% |
| Others | 3.7 | 2.2 | 12.0 | 1.7 | -22.8% |
| Total | 97.5 | 97.0 | 486 | 124 | 8.3% |
Top Suppliers of Copper Tube or Pipe Fitting to Ethiopia in 2022:
- China (2853.0 kg)
- Democratic People's Republic of Korea (667.0 kg)
- India (516.0 kg)
- Canada (504.0 kg)
- South Korea (436.0 kg)
- South Africa (326.0 kg)
- Italy (219.0 kg)
- United Kingdom (157.0 kg)
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This report provides an in-depth analysis of the market for copper pipe and fitting in Ethiopia.
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This report provides an in-depth analysis of the global market for copper pipe and fitting.
