Price for Copper Alloy Tube or Pipe Fitting in Bangladesh - 2022

Contents:

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

Price for Copper Alloy Tube or Pipe Fitting in Bangladesh (CIF) - 2022

The average import price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys stood at $13,038 per ton in 2022, surging by 32% against the previous year. Over the period under review, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys increased by +83.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 37% 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 Singapore ($22,083 per ton), while the price for India ($5,424 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+17.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys stood at $27,494 per ton in 2022, with an increase of 32% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($36,573 per ton), while the average price for exports to France ($15,831 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+27.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Alloy Tube or Pipe Fitting in Bangladesh

After three years of growth, purchases abroad of tube or pipe fittings, couplings, elbows, sleeves of copper alloys decreased by -31% to 199 tons in 2022. Overall, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 85%. As a result, imports attained the peak of 288 tons, and then reduced notably in the following year.

In value terms, imports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys fell to $2.6M in 2022. Over the period under review, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 154%. As a result, imports reached the peak of $2.8M, and then dropped in the following year.

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

1. China (133.3 tons)
2. India (38.4 tons)
3. United Kingdom (9.8 tons)
4. South Korea (9.0 tons)
5. Malaysia (4.2 tons)
6. Singapore (2.0 tons)

Exports of Copper Alloy Tube or Pipe Fitting in Bangladesh

After three years of growth, shipments abroad of tube or pipe fittings, couplings, elbows, sleeves of copper alloys decreased by -14.6% to 28 tons in 2022. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 15%.

In value terms, exports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys stood at $762K in 2022. The total export value increased at an average annual rate of +5.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Italy (11.6 tons)
2. Singapore (5.0 tons)
3. Spain (3.8 tons)
4. France (3.3 tons)
5. United Arab Emirates (1.9 tons)
6. India (1.7 tons)

Source: IndexBox Market Intelligence Platform