Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Mexico - 2023
Contents:
- Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Mexico (CIF) - 2022
- Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Mexico (FOB) - 2022
- Imports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Mexico
- Exports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Mexico
Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Mexico (CIF) - 2022
In 2022, the average import price for copper; tube or pipe fittings (eg couplings, elbows, sleeves)s amounted to $15,755 per ton, reducing by -20.9% against the previous year. In general, the import price, however, recorded a measured increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by 195%. The import price peaked at $81,084 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($29,773 per ton), while the price for the United States ($12,315 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+8.5%), 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 Mexico (FOB) - 2022
The average export price for copper; tube or pipe fittings (eg couplings, elbows, sleeves)s stood at $15,924 per ton in 2022, falling by -6.3% against the previous year. In general, the export price, however, saw a slight expansion. The most prominent rate of growth was recorded in 2015 an increase of 35% against the previous year. Over the period under review, the average export prices attained the maximum at $20,630 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +0.9% per year.
Imports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Mexico
In 2022, approx. 17K tons of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s were imported into Mexico; picking up by 31% on 2021. Over the period under review, imports saw a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 87% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
In value terms, imports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s amounted to $260M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +7.9% 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 +54.1% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 48%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in the near future.
| Import of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 126 | 95.0 | 126 | 137 | 2.8% |
| China | 41.4 | 43.2 | 67.3 | 70.3 | 19.3% |
| India | 3.5 | 4.8 | 7.8 | 12.2 | 51.6% |
| United Kingdom | 9.2 | 4.5 | 9.6 | 7.8 | -5.4% |
| South Korea | 3.8 | 4.2 | 12.0 | 6.2 | 17.7% |
| Italy | 7.6 | 4.5 | 8.3 | 5.9 | -8.1% |
| Germany | 4.0 | 3.3 | 4.7 | 4.6 | 4.8% |
| Others | 11.9 | 9.4 | 14.7 | 16.1 | 10.6% |
| Total | 207 | 169 | 250 | 260 | 7.9% |
Top Suppliers of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) to Mexico in 2022:
- United States (11.2K tons)
- China (3.2K tons)
- India (0.4K tons)
- United Kingdom (0.4K tons)
- Italy (0.3K tons)
- South Korea (0.3K tons)
- Germany (0.2K tons)
Exports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Mexico
In 2022, exports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s from Mexico soared to 6K tons, growing by 25% on 2021 figures. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +10.5% 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 +64.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to continue growth in the near future.
In value terms, exports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s soared to $96M in 2022. The total export value increased at an average annual rate of +3.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 23% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 83.6 | 62.7 | 78.2 | 93.2 | 3.7% |
| Others | 2.9 | 3.9 | 4.1 | 2.8 | -1.2% |
| Total | 86.5 | 66.7 | 82.3 | 96.1 | 3.6% |
Top Export Markets for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) from Mexico in 2022:
- United States (5.9K tons)
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