Price for Copper Tube or Pipe Fitting in Luxembourg - 2023

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

In 2022, the average import price for tube or pipe fittings, couplings, elbows, sleeves of refined copper amounted to $17,521 per ton, which is down by -26.4% against the previous year. Over the period under review, the import price saw a perceptible reduction. The pace of growth appeared the most rapid in 2018 when the average import price increased by 51%. The import price peaked at $25,395 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($29,289 per ton), while the price for the Netherlands ($5,426 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-5.1%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for tube or pipe fittings, couplings, elbows, sleeves of refined copper amounted to $31,423 per ton, increasing by 9.3% against the previous year. In general, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.5% 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 +12.3% against 2020 indices. The pace of growth appeared the most rapid in 2017 an increase of 62% against the previous year. The export price peaked at $41,408 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($46,250 per ton), while the average price for exports to Germany ($31,257 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 Germany (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Tube or Pipe Fitting in Luxembourg

In 2022, after three years of growth, there was significant decline in purchases abroad of tube or pipe fittings, couplings, elbows, sleeves of refined copper, when their volume decreased by -35.6% to 25 tons. In general, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 51% against the previous year. As a result, imports attained the peak of 39 tons, and then fell notably in the following year.

In value terms, copper tube or pipe fitting imports contracted dramatically to $442K in 2022. Overall, imports, however, posted a modest increase. The most prominent rate of growth was recorded in 2021 with an increase of 76% against the previous year. As a result, imports attained the peak of $932K, and then plummeted in the following year.

Import of Copper Tube or Pipe Fitting in Luxembourg (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	8.0	145	492	163	173.1%
Germany	252	196	253	160	-14.1%
Belgium	110	131	118	64.9	-16.1%
France	7.4	4.2	14.4	6.0	-6.8%
Netherlands	1.1	1.2	0.9	3.4	45.7%
Others	38.4	53.0	54.2	44.3	4.9%
Total	417	530	932	442	2.0%

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

Germany (13.5 tons)
Italy (5.6 tons)
Belgium (3.6 tons)
Netherlands (0.6 tons)
France (0.4 tons)

Exports of Copper Tube or Pipe Fitting in Luxembourg

In 2022, after three years of growth, there was significant decline in shipments abroad of tube or pipe fittings, couplings, elbows, sleeves of refined copper, when their volume decreased by -61% to 6.2 tons. In general, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 1,738%. As a result, the exports reached the peak of 16 tons, and then contracted notably in the following year.

In value terms, copper tube or pipe fitting exports declined significantly to $195K in 2022. Overall, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 1,789%. As a result, the exports reached the peak of $458K, and then fell markedly in the following year.