Price for Copper Tube or Pipe Fitting in Israel - 2023

Contents:

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

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

In 2022, the average export price for tube or pipe fittings, couplings, elbows, sleeves of refined copper amounted to $26,592 per ton, rising by 12% against the previous year. In general, export price indicated a pronounced 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 +27.9% against 2018 indices. The growth pace was the most rapid in 2018 an increase of 21%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Canada ($26,594 per ton) and South Korea ($26,594 per ton), while the average price for exports to Belgium ($26,592 per ton) and Italy ($26,592 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for tube or pipe fittings, couplings, elbows, sleeves of refined copper amounted to $22,282 per ton, increasing by 11% against the previous year. Over the last decade, it increased at an average annual rate of +4.2%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 17%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Belgium ($22,321 per ton) and Germany ($22,285 per ton), while the price for Japan ($22,281 per ton) and Italy ($22,282 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Copper Tube or Pipe Fitting in Israel

Copper tube or pipe fitting exports from Israel expanded notably to 271 tons in 2022, surging by 7.1% compared with 2021. The total export volume increased at an average annual rate of +1.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 17% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, copper tube or pipe fitting exports soared to $7.2M in 2022. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +12.5% 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 +63.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 36% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

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

1. Singapore (102.2 tons)
2. United Kingdom (59.8 tons)
3. Belgium (40.7 tons)
4. Italy (17.5 tons)
5. Canada (8.8 tons)
6. China (7.8 tons)
7. South Korea (6.8 tons)
8. United States (0.2 tons)

Imports of Copper Tube or Pipe Fitting in Israel

In 2022, approx. 96 tons of tube or pipe fittings, couplings, elbows, sleeves of refined copper were imported into Israel; with an increase of 16% against the previous year's figure. The total import volume increased at an average annual rate of +4.7% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. 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 soared to $2.1M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +14.7% 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 +60.5% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. China (73.1 tons)
2. Hong Kong SAR (8.5 tons)
3. Japan (4.5 tons)
4. United States (3.9 tons)
5. Germany (2.1 tons)
6. Italy (1.5 tons)

Source: IndexBox Market Intelligence Platform