Price for Copper Tube or Pipe Fitting in Brazil - 2023
Contents:
- Price for Copper Tube or Pipe Fitting in Brazil (CIF) - 2023
- Price for Copper Tube or Pipe Fitting in Brazil (FOB) - 2022
- Imports of Copper Tube or Pipe Fitting in Brazil
- Exports of Copper Tube or Pipe Fitting in Brazil
Price for Copper Tube or Pipe Fitting in Brazil (CIF) - 2023
The average import price for tube or pipe fittings, couplings, elbows, sleeves of refined copper stood at $20,816 per ton in July 2023, rising by 17% against the previous month. Over the period under review, the import price, however, showed a pronounced curtailment. The pace of growth was the most pronounced in December 2022 when the average import price increased by 44% m-o-m. The import price peaked at $33,911 per ton in August 2022; however, from September 2022 to July 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From July 2022 to July 2023, the rate of growth in terms of prices for Vietnam amounted to +1.1% per month.
Price for Copper Tube or Pipe Fitting in Brazil (FOB) - 2022
The average export price for tube or pipe fittings, couplings, elbows, sleeves of refined copper stood at $28,519 per ton in 2022, jumping by 22% against the previous year. Overall, the export price showed a prominent increase. The pace of growth was the most pronounced in 2019 when the average export price increased by 133% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($281,808 per ton), while the average price for exports to Venezuela ($15,145 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 Colombia (+29.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Copper Tube or Pipe Fitting in Brazil
After three years of growth, overseas purchases of tube or pipe fittings, couplings, elbows, sleeves of refined copper decreased by -20.1% to 175 tons in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +14.2% 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 +48.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 54%. As a result, imports reached the peak of 219 tons, and then plummeted in the following year.
In value terms, copper tube or pipe fitting imports reduced to $4.5M in 2022. Over the period under review, imports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 112%. As a result, imports attained the peak of $4.6M, and then shrank slightly in the following year.
| Import of Copper Tube or Pipe Fitting in Brazil (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,736 | 1,306 | 3,133 | 2,736 | 16.4% |
| Vietnam | N/A | 208 | 410 | 971 | 116.1% |
| Hong Kong SAR | 91.4 | 93.2 | 139 | 262 | 42.1% |
| United States | 209 | 190 | 147 | 171 | -6.5% |
| Japan | 97.0 | 152 | 139 | 69.1 | -10.7% |
| Thailand | 75.0 | 60.6 | 28.7 | 44.8 | -15.8% |
| India | 171 | 47.2 | 7.3 | 39.1 | -38.9% |
| Others | 155 | 111 | 592 | 224 | 13.1% |
| Total | 2,535 | 2,169 | 4,595 | 4,517 | 21.2% |
Top Suppliers of Copper Tube or Pipe Fitting to Brazil in 2022:
- China (127.6 tons)
- Vietnam (24.6 tons)
- Hong Kong SAR (10.0 tons)
- United States (3.5 tons)
- Thailand (2.6 tons)
- India (2.0 tons)
- Japan (2.0 tons)
Exports of Copper Tube or Pipe Fitting in Brazil
In 2022, exports of tube or pipe fittings, couplings, elbows, sleeves of refined copper from Brazil reduced sharply to 4 tons, with a decrease of -77% against the previous year's figure. Over the period under review, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 7,032% against the previous year. As a result, the exports attained the peak of 17 tons, and then contracted dramatically in the following year.
In value terms, copper tube or pipe fitting exports fell remarkably to $114K in 2022. Overall, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 8,890% against the previous year. As a result, the exports reached the peak of $405K, and then reduced remarkably in the following year.
| Export of Copper Tube or Pipe Fitting in Brazil (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 7.6 | 0.2 | 331 | 67.9 | 107.5% |
| Colombia | 0.1 | N/A | N/A | 22.0 | 503.7% |
| Peru | N/A | 0.7 | 0.4 | 9.2 | 262.5% |
| Paraguay | 9.5 | 1.5 | 5.5 | 6.3 | -12.8% |
| Venezuela | N/A | N/A | 58.8 | 3.0 | -94.9% |
| Uruguay | 2.9 | 0.1 | 6.2 | N/A | 46.2% |
| Others | 11.3 | 2.0 | 3.8 | 5.4 | -21.8% |
| Total | 31.5 | 4.5 | 405 | 114 | 53.5% |
Top Export Markets for Copper Tube or Pipe Fitting from Brazil in 2022:
- Mexico (3325.0 kg)
- Venezuela (200.0 kg)
- Paraguay (154.0 kg)
- Peru (115.0 kg)
- Colombia (78.0 kg)
- Uruguay (2.0 kg)
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This report provides an in-depth analysis of the market for copper pipe and fitting in Brazil.
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This report provides an in-depth analysis of the global market for copper pipe and fitting.
