Price for Copper Tube or Pipe Fitting in Hungary - 2023

Contents:

1. Price for Copper Tube or Pipe Fitting in Hungary (FOB) - 2023
2. Price for Copper Tube or Pipe Fitting in Hungary (CIF) - 2022
3. Exports of Copper Tube or Pipe Fitting in Hungary
4. Imports of Copper Tube or Pipe Fitting in Hungary

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

The average export price for tube or pipe fittings, couplings, elbows, sleeves of refined copper stood at $29,027 per ton in June 2023, shrinking by -9.7% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +2.9%. The most prominent rate of growth was recorded in February 2023 an increase of 31% m-o-m. The export price peaked at $32,131 per ton in May 2023, and then shrank in the following month.

There were significant differences in the average prices for the major external markets. In June 2023, the country with the highest price was the United States ($47,398 per ton), while the average price for exports to Germany ($18,139 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for tube or pipe fittings, couplings, elbows, sleeves of refined copper amounted to $19,061 per ton, surging by 4.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The pace of growth appeared the most rapid in 2020 an increase of 12% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($25,971 per ton), while the price for Spain ($5,565 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Copper Tube or Pipe Fitting in Hungary

In 2022, exports of tube or pipe fittings, couplings, elbows, sleeves of refined copper from Hungary dropped markedly to 641 tons, reducing by -25.1% on the previous year's figure. Overall, exports showed a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by 44% against the previous year. As a result, the exports attained the peak of 856 tons, and then declined sharply in the following year.

In value terms, copper tube or pipe fitting exports declined significantly to $14M in 2022. In general, exports saw a perceptible reduction. The pace of growth appeared the most rapid in 2021 with an increase of 66% against the previous year. As a result, the exports reached the peak of $19M, and then shrank markedly in the following year.

Top Export Markets for Copper Tube or Pipe Fitting from Hungary in 2022:

1. United Kingdom (464.6 tons)
2. France (71.7 tons)
3. United States (37.4 tons)
4. Netherlands (28.1 tons)
5. Indonesia (13.3 tons)
6. Germany (11.6 tons)

Imports of Copper Tube or Pipe Fitting in Hungary

Copper tube or pipe fitting imports into Hungary dropped dramatically to 241 tons in 2022, which is down by -22.2% against 2021 figures. Over the period under review, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 4.1%.

In value terms, copper tube or pipe fitting imports dropped rapidly to $4.6M in 2022. In general, imports continue to indicate a perceptible descent. The growth pace was the most rapid in 2021 when imports increased by 15% against the previous year. As a result, imports reached the peak of $5.7M, and then dropped significantly in the following year.

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

1. Germany (74.4 tons)
2. Poland (51.1 tons)
3. Italy (44.4 tons)
4. Spain (36.1 tons)
5. China (15.4 tons)
6. United Kingdom (13.6 tons)
7. France (1.5 tons)

Source: IndexBox Market Intelligence Platform