Price for Copper Tube or Pipe Fitting in Costa Rica - 2022

Contents:

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

Price for Copper Tube or Pipe Fitting in Costa Rica (CIF) - 2022

The average import price for tube or pipe fittings, couplings, elbows, sleeves of refined copper stood at $18,263 per ton in 2022, reducing by -12.8% against the previous year. Over the period under review, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.9% 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 import price increased by +97.5% against 2016 indices. The pace of growth appeared the most rapid in 2017 an increase of 55%. The import price peaked at $20,954 per ton in 2021, and then declined in the following year.

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 Poland ($50,900 per ton), while the price for China ($10,206 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for tube or pipe fittings, couplings, elbows, sleeves of refined copper amounted to $22,750 per ton, jumping by 31% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 54%. The export price peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was El Salvador ($44,922 per ton), while the average price for exports to Nicaragua ($6,667 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 Guyana (+59.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Tube or Pipe Fitting in Costa Rica

In 2022, copper tube or pipe fitting imports into Costa Rica shrank dramatically to 20 tons, reducing by -15.5% compared with the previous year. Over the period under review, imports saw a noticeable curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 16% against the previous year. As a result, imports reached the peak of 23 tons, and then contracted sharply in the following year.

In value terms, copper tube or pipe fitting imports plummeted to $362K in 2022. Overall, total imports indicated a moderate expansion from 2019 to 2022: its value increased at an average annual rate of +3.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +9.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 39% against the previous year. As a result, imports attained the peak of $492K, and then fell dramatically in the following year.

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

1. United States (12.7 tons)
2. China (2.4 tons)
3. India (2.0 tons)
4. Mexico (0.7 tons)
5. Poland (0.5 tons)
6. Italy (0.4 tons)
7. South Korea (0.3 tons)
8. Panama (0.1 tons)

Exports of Copper Tube or Pipe Fitting in Costa Rica

For the third consecutive year, Costa Rica recorded decline in overseas shipments of tube or pipe fittings, couplings, elbows, sleeves of refined copper, which decreased by -29.4% to 132 kg in 2022. In general, exports faced a precipitous decline. The smallest decline of -18% was in 2021.

In value terms, copper tube or pipe fitting exports declined to $3K in 2022. Over the period under review, exports recorded a abrupt setback. The smallest decline of -7% was in 2021.

Top Export Markets for Copper Tube or Pipe Fitting from Costa Rica in 2022:

1. United States (61.0 kg)
2. El Salvador (51.0 kg)
3. Guatemala (13.0 kg)
4. Panama (3.0 kg)
5. Nicaragua (3.0 kg)

Source: IndexBox Market Intelligence Platform