Price for Refined Copper Tube and Pipe in Pakistan - 2023
Contents:
- Price for Refined Copper Tube and Pipe in Pakistan (CIF) - 2023
- Price for Refined Copper Tube and Pipe in Pakistan (FOB) - 2022
- Imports of Refined Copper Tube and Pipe in Pakistan
- Exports of Refined Copper Tube and Pipe in Pakistan
Price for Refined Copper Tube and Pipe in Pakistan (CIF) - 2023
The average import price for tubes and pipes of refined copper stood at $9,373 per ton in February 2023, therefore, remained relatively stable against the previous month. Overall, the import price continues to indicate a mild decline. The most prominent rate of growth was recorded in October 2022 an increase of 5.6% m-o-m. Over the period under review, average import prices attained the peak figure at $11,298 per ton in February 2022; however, from March 2022 to February 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In February 2023, the country with the highest price was China ($9,426 per ton), while the price for the United States totaled $8,867 per ton.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by China (-1.5%).
Price for Refined Copper Tube and Pipe in Pakistan (FOB) - 2022
In 2022, the average export price for tubes and pipes of refined copper amounted to $6,014 per ton, waning by -21.9% against the previous year. Overall, the export price, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2019 when the average export price increased by 71%. Over the period under review, the average export prices hit record highs at $7,705 per ton in 2021, and then fell sharply in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($71,000 per ton), while the average price for exports to Tanzania ($2,679 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+33.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Refined Copper Tube and Pipe in Pakistan
After three years of growth, purchases abroad of tubes and pipes of refined copper decreased by -6.1% to 5.2K tons in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +17.2% 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 +61.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 60% against the previous year. As a result, imports attained the peak of 5.5K tons, and then fell in the following year.
In value terms, refined copper tube and pipe imports totaled $56M in 2022. Over the period under review, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 113% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Refined Copper Tube and Pipe in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 20.6 | 22.4 | 49.6 | 53.6 | 37.5% |
| United States | 1.0 | 1.0 | 1.3 | 1.1 | 3.2% |
| South Korea | 0.7 | 0.9 | 1.6 | 0.5 | -10.6% |
| Others | 0.8 | 0.6 | 0.6 | 1.1 | 11.2% |
| Total | 23.1 | 24.9 | 53.1 | 56.2 | 34.5% |
Top Suppliers of Refined Copper Tube and Pipe to Pakistan in 2022:
- South Korea (undefinedK tons)
- China (4.9K tons)
- United States (0.1K tons)
Exports of Refined Copper Tube and Pipe in Pakistan
In 2022, refined copper tube and pipe exports from Pakistan surged to 71 kg, picking up by 61% against the year before. In general, exports, however, recorded a abrupt slump.
In value terms, refined copper tube and pipe exports skyrocketed to $427 in 2022. Overall, exports, however, faced a abrupt curtailment.
| Export of Refined Copper Tube and Pipe in Pakistan (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 263 | 101 | 178 | 213 | -6.8% |
| Tanzania | 189 | 71.0 | 126 | 150 | -7.4% |
| China | 49.0 | 9.0 | 20.0 | 39.0 | -7.3% |
| Senegal | N/A | 36.0 | N/A | N/A | 0% |
| Saudi Arabia | N/A | 288 | N/A | N/A | 0% |
| Others | 157 | 11.0 | 15.0 | 25.0 | -45.8% |
| Total | 658 | 516 | 339 | 427 | -13.4% |
Top Export Markets for Refined Copper Tube and Pipe from Pakistan in 2022:
- Tanzania (56.0 kg)
- China (9.0 kg)
- United Kingdom (3.0 kg)
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