Price for Brass Tubes and Pipes in the United States - 2023
Contents:
- Price for Brass Tubes and Pipes in the United States (CIF) - 2022
- Price for Brass Tubes and Pipes in the United States (FOB) - 2023
- Imports of Brass Tubes and Pipes in the United States
- Exports of Brass Tubes and Pipes in the United States
Price for Brass Tubes and Pipes in the United States (CIF) - 2022
In 2022, the average brass tubes and pipes import price amounted to $12,248 per ton, surging by 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2021 when the average import price increased by 25% against the previous year. The import price peaked in 2022 and is likely to see gradual 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 ($15,128 per ton), while the price for Brazil ($9,567 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Brass Tubes and Pipes in the United States (FOB) - 2023
In September 2023, the average brass tubes and pipes export price amounted to $14,448 per ton, rising by 11% against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 82% month-to-month. As a result, the export price attained the peak level of $21,655 per ton. From May 2023 to September 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was Hungary ($124K per ton), while the average price for exports to France ($3,380 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+56.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Brass Tubes and Pipes in the United States
In 2022, approx. 9K tons of tubes and pipes of copper-zinc base alloys (brass) were imported into the United States; growing by 20% compared with 2021 figures. Overall, imports, however, continue to indicate a pronounced curtailment.
In value terms, brass tubes and pipes imports surged to $110M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +8.0% 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 +76.7% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Brass Tubes and Pipes in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 21.3 | 11.4 | 21.2 | 23.8 | 3.8% |
| Mexico | 15.7 | 12.9 | 11.9 | 21.7 | 11.4% |
| Canada | 15.9 | 13.8 | 18.5 | 19.5 | 7.0% |
| Serbia | 5.6 | 4.7 | 7.8 | 11.4 | 26.7% |
| India | 1.7 | 0.8 | 2.6 | 8.4 | 70.3% |
| Germany | 8.7 | 5.5 | 6.1 | 5.6 | -13.7% |
| South Korea | 7.7 | 2.1 | 2.2 | 4.5 | -16.4% |
| Brazil | 0.5 | 1.0 | 1.7 | 3.3 | 87.6% |
| Vietnam | 1.8 | 4.6 | 0.3 | N/A | -59.2% |
| Others | 8.6 | 5.6 | 9.1 | 12.1 | 12.1% |
| Total | 87.6 | 62.5 | 81.3 | 110 | 7.9% |
Top Suppliers of Brass Tubes and Pipes to the United States in 2022:
- China (2.5K tons)
- Mexico (1.5K tons)
- Canada (1.3K tons)
- Serbia (1.1K tons)
- India (0.7K tons)
- Germany (0.4K tons)
- Brazil (0.3K tons)
- South Korea (0.3K tons)
Exports of Brass Tubes and Pipes in the United States
Brass tubes and pipes exports from the United States shrank to 836 tons in 2022, which is down by -12.1% compared with the previous year's figure. In general, exports saw a pronounced decrease. The pace of growth was the most pronounced in 2021 when exports increased by 17% against the previous year. As a result, the exports reached the peak of 951 tons, and then fell in the following year.
In value terms, brass tubes and pipes exports contracted modestly to $12M in 2022. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +7.0% 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 +41.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 46%. As a result, the exports reached the peak of $13M, and then contracted in the following year.
| Export of Brass Tubes and Pipes in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 4,257 | 3,310 | 5,376 | 6,319 | 14.1% |
| Mexico | 2,782 | 2,450 | 2,478 | 2,394 | -4.9% |
| Germany | 536 | 489 | 511 | 672 | 7.8% |
| France | 168 | 434 | 948 | 583 | 51.4% |
| Switzerland | 399 | 202 | 371 | 338 | -5.4% |
| Colombia | 250 | 378 | N/A | 334 | 10.1% |
| China | 47.7 | 49.7 | 77.0 | 209 | 63.6% |
| United Kingdom | 190 | 93.3 | 254 | 200 | 1.7% |
| South Africa | 76.8 | N/A | 36.4 | 117 | 15.1% |
| Hungary | 92.2 | 111 | 117 | 61.8 | -12.5% |
| Japan | 124 | 39.8 | 33.0 | 6.1 | -63.4% |
| Others | 1,199 | 1,243 | 2,688 | 1,170 | -0.8% |
| Total | 10,122 | 8,799 | 12,890 | 12,404 | 7.0% |
Top Export Markets for Brass Tubes and Pipes from the United States in 2022:
- Canada (373.8 tons)
- Mexico (208.8 tons)
- Germany (35.7 tons)
- France (27.2 tons)
- United Kingdom (24.1 tons)
- China (21.6 tons)
- Colombia (20.6 tons)
- Switzerland (14.2 tons)
- South Africa (12.7 tons)
- Hungary (12.0 tons)
- Japan (0.6 tons)
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