Price for Copper Alloy Tube or Pipe Fitting in Hungary - 2023

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

In 2022, the average import price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys amounted to $14,843 per ton, waning by -3.8% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 22%. As a result, import price reached the peak level of $20,451 per ton. From 2015 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($23,103 per ton), while the price for Cyprus ($616 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper Alloy Tube or Pipe Fitting in Hungary (FOB) - 2023

The average export price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys stood at $33,476 per ton in December 2023, rising by 4.8% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.8%. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 15% against the previous month. As a result, the export price reached the peak level of $35,246 per ton. From May 2023 to December 2023, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Denmark ($50,771 per ton), while the average price for exports to Serbia ($23,066 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Alloy Tube or Pipe Fitting in Hungary

In 2022, imports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys into Hungary stood at 3.4K tons, therefore, remained relatively stable against 2021. The total import volume increased at an average annual rate of +4.3% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 13% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys declined modestly to $51M in 2022. The total import value increased at an average annual rate of +2.6% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 19%. As a result, imports attained the peak of $53M, and then dropped modestly in the following year.

Import of Copper Alloy Tube or Pipe Fitting in Hungary (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	12.1	11.7	14.8	14.3	5.7%
Italy	10.0	10.1	13.4	12.1	6.6%
Austria	4.0	4.2	3.9	3.8	-1.7%
China	2.2	2.1	2.4	3.5	16.7%
Poland	1.6	1.9	3.4	2.7	19.1%
France	2.6	2.6	2.8	2.5	-1.3%
Turkey	1.0	1.3	1.7	1.6	17.0%
Belgium	1.6	1.3	1.7	1.5	-2.1%
Romania	0.9	0.6	0.8	1.0	3.6%
Spain	1.1	0.9	1.1	0.9	-6.5%
Czech Republic	0.7	0.6	0.8	0.8	4.6%
Slovenia	0.9	1.2	0.5	0.8	-3.9%
Cyprus	N/A	N/A	N/A	N/A	0%
Others	8.7	5.8	5.4	5.5	-14.2%
Total	47.3	44.3	52.7	51.1	2.6%

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

Italy (1012.3 tons)
Germany (616.9 tons)
Poland (264.4 tons)
China (259.5 tons)
Belgium (235.8 tons)
Austria (215.3 tons)
France (129.7 tons)
Spain (115.4 tons)
Turkey (80.0 tons)
Slovenia (77.0 tons)
Romania (66.7 tons)
Czech Republic (64.8 tons)
Cyprus (59.6 tons)

Exports of Copper Alloy Tube or Pipe Fitting in Hungary

In 2022, exports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys from Hungary shrank significantly to 948 tons, which is down by -15.1% against the previous year's figure. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 16%. As a result, the exports reached the peak of 1.1K tons, and then shrank sharply in the following year.

In value terms, exports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys reduced to $25M in 2022. The total export value increased at an average annual rate of +5.6% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 36% against the previous year. As a result, the exports reached the peak of $27M, and then fell in the following year.

Export of Copper Alloy Tube or Pipe Fitting in Hungary (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Kingdom	11.9	9.8	12.4	9.7	-6.6%
France	0.8	1.3	2.8	3.6	65.1%
Netherlands	N/A	0.5	2.8	3.0	144.9%
Romania	1.5	1.7	2.0	1.5	0.0%
Denmark	2.2	2.1	1.6	1.4	-14.0%
Slovakia	0.9	1.0	1.2	1.3	13.0%
Czech Republic	0.6	0.7	0.7	0.8	10.1%
Germany	0.7	0.5	0.8	0.6	-5.0%
United States	0.4	0.7	0.4	0.5	7.7%
Serbia	0.3	0.3	0.4	0.3	0.0%
Others	1.7	1.4	2.4	1.9	3.8%
Total	21.1	20.1	27.3	24.8	5.5%