Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Israel - 2024

Contents:

1. Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Israel (CIF) - 2024
2. Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Israel (FOB) - 2024
3. Imports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Israel
4. Exports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Israel

Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Israel (CIF) - 2024

In October 2023, the average import price for copper; tube or pipe fittings (eg couplings, elbows, sleeves)s amounted to $22,320 per ton, approximately reflecting the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 7.3% m-o-m. The import price peaked at $22,460 per ton in September 2023, and then dropped slightly in the following month.

Average prices varied noticeably amongst the major supplying countries. In October 2023, the highest price was recorded for prices from Spain ($22,727 per ton) and Germany ($22,690 per ton), while the price for Turkey ($22,279 per ton) and Italy ($22,279 per ton) were amongst the lowest.

From January 2023 to October 2023, the most notable rate of growth in terms of prices was attained by Spain (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Israel (FOB) - 2024

The average export price for copper; tube or pipe fittings (eg couplings, elbows, sleeves)s stood at $28,631 per ton in October 2023, which is down by -2.3% against the previous month. Over the last nine-month period, it increased at an average monthly rate of +1.0%. The pace of growth was the most pronounced in May 2023 when the average export price increased by 12% m-o-m. Over the period under review, the average export prices reached the maximum at $29,432 per ton in August 2023; however, from September 2023 to October 2023, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In October 2023, the countries with the highest prices were Turkey ($29,652 per ton) and Singapore ($29,652 per ton), while the average price for exports to Belgium ($27,001 per ton) and Germany ($27,001 per ton) were amongst the lowest.

From January 2023 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Israel

In 2022, approx. 2.1K tons of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s were imported into Israel; waning by -6.6% against the previous year's figure. In general, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +9.7% 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 +35.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 45% against the previous year. As a result, imports reached the peak of 2.2K tons, and then fell in the following year.

In value terms, imports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s totaled $44M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +19.5% 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 +70.7% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 61% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Top Suppliers of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) to Israel in 2022:

1. Italy (1163.2 tons)
2. China (524.9 tons)
3. United States (124.8 tons)
4. Hong Kong SAR (81.8 tons)
5. Turkey (58.3 tons)
6. Germany (33.7 tons)

Exports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Israel

In 2022, exports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s from Israel skyrocketed to 320 tons, increasing by 15% compared with 2021. The total export volume increased at an average annual rate of +2.5% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s soared to $8.1M in 2022. Overall, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +12.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 29% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the near future.

Top Export Markets for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) from Israel in 2022:

1. Singapore (96.1 tons)
2. United Kingdom (79.5 tons)
3. Belgium (34.1 tons)
4. United States (16.7 tons)
5. Italy (15.3 tons)
6. Canada (14.0 tons)
7. Japan (10.4 tons)
8. Turkey (9.0 tons)
9. South Korea (8.8 tons)
10. China (7.8 tons)
11. Germany (5.4 tons)
12. Argentina (5.3 tons)

Source: IndexBox Market Intelligence Platform