Price for Refined Copper Tube and Pipe in Ireland - 2023
Contents:
- Price for Refined Copper Tube and Pipe in Ireland (CIF) - 2022
- Price for Refined Copper Tube and Pipe in Ireland (FOB) - 2023
- Imports of Refined Copper Tube and Pipe in Ireland
- Exports of Refined Copper Tube and Pipe in Ireland
Price for Refined Copper Tube and Pipe in Ireland (CIF) - 2022
In 2022, the average import price for tubes and pipes of refined copper amounted to $14,593 per ton, almost unchanged from the previous year. Over the period under review, the import price showed a noticeable increase. The growth pace was the most rapid in 2017 an increase of 23%. The import price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($16,097 per ton), while the price for Italy ($7,186 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Refined Copper Tube and Pipe in Ireland (FOB) - 2023
In July 2023, the average export price for tubes and pipes of refined copper amounted to $6,026 per ton, with a decrease of -16.5% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in November 2022 an increase of 28% against the previous month. Over the period under review, the average export prices reached the peak figure at $7,220 per ton in June 2023, and then shrank rapidly in the following month.
As there is only one major export destination, the average price level is determined by prices for the UK.
From July 2022 to July 2023, the rate of growth in terms of prices for the UK amounted to +1.1% per month.
Imports of Refined Copper Tube and Pipe in Ireland
For the third consecutive year, Ireland recorded decline in overseas purchases of tubes and pipes of refined copper, which decreased by 0% to 713 tons in 2022. In general, imports showed a significant decrease. The smallest decline of -15.1% was in 2020.
In value terms, refined copper tube and pipe imports amounted to $10M in 2022. Overall, imports saw a precipitous decline. The smallest decline of -2% was in 2020.
| Import of Refined Copper Tube and Pipe in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 20.0 | 20.0 | N/A | 6.6 | -30.9% |
| Vietnam | N/A | N/A | N/A | 1.8 | 0% |
| China | 0.1 | 0.4 | N/A | 1.3 | 135.1% |
| Italy | 0.8 | 1.1 | N/A | 0.3 | -27.9% |
| Hong Kong SAR | 0.6 | 0.4 | N/A | N/A | -33.3% |
| Germany | 1.2 | 0.6 | N/A | N/A | -50.0% |
| Others | 0.3 | 0.2 | N/A | 0.5 | 18.6% |
| Total | 23.0 | 22.5 | N/A | 10.4 | -23.2% |
Top Suppliers of Refined Copper Tube and Pipe to Ireland in 2022:
- United Kingdom (411.0 tons)
- Vietnam (137.2 tons)
- China (98.2 tons)
- Italy (35.2 tons)
- Germany (2.5 tons)
Exports of Refined Copper Tube and Pipe in Ireland
In 2022, overseas shipments of tubes and pipes of refined copper decreased by 0% to 174 tons, falling for the second consecutive year after two years of growth. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 35% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, refined copper tube and pipe exports amounted to $2.5M in 2022. In general, exports enjoyed significant growth. The growth pace was the most rapid in 2020 with an increase of 27%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.
| Export of Refined Copper Tube and Pipe in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 0.5 | 0.6 | N/A | 2.4 | 68.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.5 | 0.7 | N/A | 2.5 | 71.0% |
Top Export Markets for Refined Copper Tube and Pipe from Ireland in 2022:
- United Kingdom (172.0 tons)
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