Price for Copper Tube or Pipe Fitting in Russia - 2022

Contents:

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

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

The average import price for tube or pipe fittings, couplings, elbows, sleeves of refined copper stood at $18,536 per ton in 2022, shrinking by -8.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The growth pace was the most rapid in 2021 an increase of 21%. As a result, import price reached the peak level of $20,259 per ton, and then contracted 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 South Korea ($49,761 per ton), while the price for the UK ($14,063 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for tube or pipe fittings, couplings, elbows, sleeves of refined copper stood at $26,517 per ton in 2022, waning by -15.2% against the previous year. In general, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.1% 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 +31.5% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 55%. Over the period under review, the average export prices reached the maximum at $33,533 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($37,624 per ton), while the average price for exports to Kazakhstan ($20,415 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 Ukraine (+7.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Copper Tube or Pipe Fitting in Russia

In 2022, purchases abroad of tube or pipe fittings, couplings, elbows, sleeves of refined copper increased by 3.9% to 426 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, faced a abrupt curtailment.

In value terms, copper tube or pipe fitting imports shrank slightly to $7.9M in 2022. Over the period under review, imports, however, recorded a deep contraction. The growth pace was the most rapid in 2021 with an increase of 11% against the previous year.

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

1. China (297.1 tons)
2. Germany (55.6 tons)
3. United Kingdom (28.6 tons)
4. South Korea (28.1 tons)
5. Italy (5.4 tons)
6. Belgium (2.2 tons)
7. Poland (1.6 tons)

Exports of Copper Tube or Pipe Fitting in Russia

After three years of growth, shipments abroad of tube or pipe fittings, couplings, elbows, sleeves of refined copper decreased by -9.7% to 24 tons in 2022. The total export volume increased at an average annual rate of +8.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 21%. As a result, the exports reached the peak of 27 tons, and then fell in the following year.

In value terms, copper tube or pipe fitting exports reduced dramatically to $649K in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +8.3% 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 +44.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 88% against the previous year. As a result, the exports reached the peak of $847K, and then contracted markedly in the following year.

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

1. Belarus (15.1 tons)
2. Ukraine (5.7 tons)
3. Kazakhstan (3.7 tons)

Source: IndexBox Market Intelligence Platform