Price for Copper Tube or Pipe Fitting in Canada - 2023

Price for Copper Tube or Pipe Fitting in Canada (CIF) - 2023

In June 2023, the average import price for tube or pipe fittings, couplings, elbows, sleeves of refined copper amounted to $23,228 per ton, growing by 89% against the previous month. Over the period under review, the import price recorded tangible growth. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 253% against the previous month. The import price peaked at $27,105 per ton in April 2023; however, from May 2023 to June 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($62,895 per ton), while the price for Thailand ($15,429 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the United States (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for tube or pipe fittings, couplings, elbows, sleeves of refined copper stood at $26,592 per ton in 2022, picking up by 12% against the previous year. Overall, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper tube or pipe fitting export price increased by +36.2% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the average export price increased by 25% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in years to come.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($26,592 per ton), while the average price for exports to Ethiopia stood at $26,591 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ethiopia (+3.8%).

Imports of Copper Tube or Pipe Fitting in Canada

In 2022, the amount of tube or pipe fittings, couplings, elbows, sleeves of refined copper imported into Canada skyrocketed to 3.7K tons, growing by 66% on the previous year's figure. Over the period under review, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, copper tube or pipe fitting imports skyrocketed to $56M in 2022. Overall, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Copper Tube or Pipe Fitting in Canada (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	10.5	11.8	17.6	21.9	27.8%
Germany	9.4	9.6	11.7	14.1	14.5%
Thailand	2.4	4.4	3.8	10.4	63.0%
United States	2.4	2.1	4.8	7.1	43.6%
Taiwan (Chinese)	0.4	0.5	1.0	0.6	14.5%
Others	0.7	0.6	1.0	1.8	37.0%
Total	25.8	29.1	39.8	55.9	29.4%

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

China (1619.6 tons)
Thailand (1203.2 tons)
United States (455.8 tons)
Germany (223.3 tons)
Taiwan (Chinese) (36.4 tons)

Exports of Copper Tube or Pipe Fitting in Canada

Copper tube or pipe fitting exports from Canada shrank remarkably to 249 tons in 2022, falling by -17.3% on the year before. The total export volume increased at an average annual rate of +1.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 28% against the previous year. As a result, the exports reached the peak of 301 tons, and then fell significantly in the following year.

In value terms, copper tube or pipe fitting exports reduced to $6.6M in 2022. Overall, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +11.9% 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 +44.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 55% against the previous year. As a result, the exports attained the peak of $7.1M, and then fell in the following year.