Price for Copper Alloy Tube or Pipe Fitting in Hong Kong SAR - 2023
Contents:
- Price for Copper Alloy Tube or Pipe Fitting in Hong Kong SAR (CIF) - 2022
- Price for Copper Alloy Tube or Pipe Fitting in Hong Kong SAR (FOB) - 2023
- Imports of Copper Alloy Tube or Pipe Fitting in Hong Kong SAR
- Exports of Copper Alloy Tube or Pipe Fitting in Hong Kong SAR
Price for Copper Alloy Tube or Pipe Fitting in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys amounted to $11,736 per ton, with a decrease of -4.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2013 an increase of 26% against the previous year. The import price peaked at $12,314 per ton in 2021, and then shrank modestly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($29,791 per ton), while the price for China ($8,552 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) (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Copper Alloy Tube or Pipe Fitting in Hong Kong SAR (FOB) - 2023
In November 2023, the average export price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys amounted to $33,874 per ton, with an increase of 23% against the previous month. In general, the export price continues to indicate temperate growth. The pace of growth appeared the most rapid in May 2023 when the average export price increased by 105% against the previous month. Over the period under review, the average export prices reached the peak figure in November 2023.
Prices varied noticeably by the country of destination: the country with the highest price was China ($35,955 per ton), while the average price for exports to Germany ($10,101 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Copper Alloy Tube or Pipe Fitting in Hong Kong SAR
In 2022, approx. 842 tons of tube or pipe fittings, couplings, elbows, sleeves of copper alloys were imported into Hong Kong SAR; increasing by 2.7% against 2021 figures. The total import volume increased at an average annual rate of +3.4% 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 imports increased by 39%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, imports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys dropped modestly to $9.9M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +7.4% 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 +62.9% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 66%. As a result, imports attained the peak of $10M, and then dropped in the following year.
| Import of Copper Alloy Tube or Pipe Fitting in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.6 | 3.2 | 5.2 | 5.4 | 5.5% |
| Thailand | 0.9 | 0.9 | 1.3 | 1.6 | 21.1% |
| United Kingdom | 1.4 | 1.0 | 1.9 | 0.9 | -13.7% |
| Others | 1.0 | 1.0 | 1.8 | 2.0 | 26.0% |
| Total | 8.0 | 6.1 | 10.1 | 9.9 | 7.4% |
Top Suppliers of Copper Alloy Tube or Pipe Fitting to Hong Kong SAR in 2022:
- China (630.5 tons)
- Thailand (131.5 tons)
- United Kingdom (43.8 tons)
Exports of Copper Alloy Tube or Pipe Fitting in Hong Kong SAR
In 2022, after three years of growth, there was significant decline in overseas shipments of tube or pipe fittings, couplings, elbows, sleeves of copper alloys, when their volume decreased by -10.6% to 276 tons. Overall, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +11.3% 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 +37.8% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 54% against the previous year. As a result, the exports attained the peak of 308 tons, and then fell in the following year.
In value terms, exports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys contracted rapidly to $3.5M in 2022. In general, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 70%. As a result, the exports reached the peak of $5.6M, and then fell remarkably in the following year.
| Export of Copper Alloy Tube or Pipe Fitting in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3,135 | 2,799 | 5,023 | 2,666 | -5.3% |
| Japan | 61.3 | 3.4 | 3.7 | 169 | 40.2% |
| United States | 179 | 164 | 169 | 156 | -4.5% |
| Macao SAR | 147 | 88.0 | 120 | 82.4 | -17.5% |
| Others | 615 | 258 | 320 | 444 | -10.3% |
| Total | 4,137 | 3,313 | 5,635 | 3,517 | -5.3% |
Top Export Markets for Copper Alloy Tube or Pipe Fitting from Hong Kong SAR in 2022:
- China (245.2 tons)
- United States (5.2 tons)
- Japan (4.2 tons)
- Macao SAR (3.4 tons)
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This report provides an in-depth analysis of the market for copper pipe and fitting in Hong Kong SAR, China.
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This report provides an in-depth analysis of the global market for copper pipe and fitting.
