Price for Copper Tube or Pipe Fitting in Turkey - 2023
Contents:
- Price for Copper Tube or Pipe Fitting in Turkey (FOB) - 2023
- Price for Copper Tube or Pipe Fitting in Turkey (CIF) - 2022
- Exports of Copper Tube or Pipe Fitting in Turkey
- Imports of Copper Tube or Pipe Fitting in Turkey
Price for Copper Tube or Pipe Fitting in Turkey (FOB) - 2023
The average export price for tube or pipe fittings, couplings, elbows, sleeves of refined copper stood at $19,258 per ton in July 2023, rising by 1.8% against the previous month. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in April 2023 when the average export price increased by 9.4% m-o-m. Over the period under review, the average export prices attained the maximum at $19,738 per ton in May 2023; however, from June 2023 to July 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In July 2023, the highest price was recorded for prices to Germany ($21,311 per ton) and Iraq ($20,138 per ton), while the average price for exports to the Czech Republic ($18,368 per ton) and Sweden ($18,434 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Copper Tube or Pipe Fitting in Turkey (CIF) - 2022
In 2022, the average import price for tube or pipe fittings, couplings, elbows, sleeves of refined copper amounted to $18,199 per ton, falling by -6.7% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 31% against the previous year. As a result, import price reached the peak level of $19,503 per ton, and then reduced in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($42,159 per ton), while the price for China ($16,984 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Copper Tube or Pipe Fitting in Turkey
In 2022, after three years of growth, there was significant decline in overseas shipments of tube or pipe fittings, couplings, elbows, sleeves of refined copper, when their volume decreased by -7.9% to 1.2K tons. The total export volume increased at an average annual rate of +10.9% 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 24%. As a result, the exports reached the peak of 1.3K tons, and then declined in the following year.
In value terms, copper tube or pipe fitting exports contracted to $20M in 2022. Overall, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +15.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.1% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 42%. As a result, the exports attained the peak of $21M, and then reduced in the following year.
| Export of Copper Tube or Pipe Fitting in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 6.8 | 8.6 | 12.7 | 11.3 | 18.4% |
| Germany | 1.9 | 2.3 | 3.0 | 3.0 | 16.4% |
| Czech Republic | 1.8 | 2.1 | 2.6 | 2.1 | 5.3% |
| Poland | 0.9 | 1.0 | 1.2 | 1.0 | 3.6% |
| Mexico | N/A | N/A | 0.5 | 0.6 | 20.0% |
| Portugal | 0.1 | 0.2 | 0.3 | 0.5 | 71.0% |
| Serbia | 0.3 | 0.1 | 0.1 | N/A | -42.3% |
| Others | 1.0 | 0.8 | 1.1 | 1.2 | 6.3% |
| Total | 12.8 | 15.1 | 21.5 | 19.8 | 15.7% |
Top Export Markets for Copper Tube or Pipe Fitting from Turkey in 2022:
- Sweden (716.1 tons)
- Germany (158.0 tons)
- Czech Republic (100.1 tons)
- Poland (59.2 tons)
- Mexico (41.5 tons)
- Portugal (36.7 tons)
- Serbia (2.2 tons)
Imports of Copper Tube or Pipe Fitting in Turkey
After three years of growth, purchases abroad of tube or pipe fittings, couplings, elbows, sleeves of refined copper decreased by -19.5% to 372 tons in 2022. The total import volume increased at an average annual rate of +4.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 39%.
In value terms, copper tube or pipe fitting imports fell dramatically to $6.8M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +5.6% 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 +17.9% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 34% against the previous year. As a result, imports reached the peak of $9M, and then shrank dramatically in the following year.
| Import of Copper Tube or Pipe Fitting in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.5 | 2.6 | 3.0 | 3.8 | 36.3% |
| Thailand | 3.0 | 3.3 | 5.2 | 2.2 | -9.8% |
| Germany | 0.2 | 0.2 | 0.2 | 0.3 | 14.5% |
| India | N/A | N/A | 0.2 | 0.2 | 0.0% |
| Czech Republic | 0.5 | 0.1 | 0.2 | 0.1 | -41.5% |
| Japan | 0.2 | 0.2 | 0.1 | N/A | -29.3% |
| Others | 0.4 | 0.3 | 0.2 | 0.3 | -9.1% |
| Total | 5.7 | 6.7 | 9.0 | 6.8 | 6.1% |
Top Suppliers of Copper Tube or Pipe Fitting to Turkey in 2022:
- Japan (undefined tons)
- China (221.0 tons)
- Thailand (116.9 tons)
- India (11.6 tons)
- Germany (9.7 tons)
- Czech Republic (2.7 tons)
548
This report provides an in-depth analysis of the market for copper pipe and fitting in Turkey.
604
This report provides an in-depth analysis of the global market for copper pipe and fitting.
297
In March 2023, the rate of growth for Copper Pipe And Fitting reached its highest level, recording a month-to-month increase of 17%. However, the value of exports declined to $25M in July 2023.
310
Explore the top import markets for copper pipe and fitting products, including key statistics and trends. Discover the leading countries in terms of import value for 2022.
