Price for Refined Copper Tube and Pipe in Finland - 2023
Contents:
- Price for Refined Copper Tube and Pipe in Finland (FOB) - 2023
- Price for Refined Copper Tube and Pipe in Finland (CIF) - 2023
- Exports of Refined Copper Tube and Pipe in Finland
- Imports of Refined Copper Tube and Pipe in Finland
Price for Refined Copper Tube and Pipe in Finland (FOB) - 2023
In July 2023, the average export price for tubes and pipes of refined copper amounted to $12,534 per ton, with an increase of 3.6% against the previous month. Overall, the export price recorded mild growth. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 6.3% against the previous month. Over the period under review, the average export prices hit record highs at $12,635 per ton in May 2023; however, from June 2023 to July 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was France ($20,649 per ton), while the average price for exports to Sweden ($10,438 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Refined Copper Tube and Pipe in Finland (CIF) - 2023
The average import price for tubes and pipes of refined copper stood at $12,115 per ton in July 2023, flattening at the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 an increase of 6.3% against the previous month. Over the period under review, average import prices attained the maximum at $12,344 per ton in May 2023; however, from June 2023 to July 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the countries with the highest prices were Greece ($13,229 per ton) and Italy ($12,822 per ton), while the price for Germany ($11,452 per ton) and Sweden ($11,931 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Greece (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Refined Copper Tube and Pipe in Finland
In 2022, approx. 10K tons of tubes and pipes of refined copper were exported from Finland; waning by -8% against the year before. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 11% against the previous year. As a result, the exports reached the peak of 11K tons, and then fell in the following year.
In value terms, refined copper tube and pipe exports dropped slightly to $122M in 2022. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +10.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +45.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 52%. As a result, the exports reached the peak of $128M, and then contracted modestly in the following year.
| Export of Refined Copper Tube and Pipe in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 25.9 | 23.8 | 40.9 | 33.9 | 9.4% |
| Sweden | 16.7 | 13.3 | 17.9 | 19.2 | 4.8% |
| United States | 5.3 | 5.5 | 9.2 | 14.2 | 38.9% |
| Germany | 6.3 | 5.9 | 9.6 | 11.6 | 22.6% |
| Poland | 7.0 | 5.6 | 7.8 | 7.5 | 2.3% |
| United Kingdom | 5.0 | 4.2 | 5.1 | 7.0 | 11.9% |
| New Zealand | 0.3 | 1.2 | 1.9 | 3.7 | 131.0% |
| Russia | 8.5 | 8.4 | 14.3 | 2.9 | -30.1% |
| Spain | 2.9 | 2.2 | 2.5 | 1.9 | -13.1% |
| Others | 13.1 | 14.1 | 18.7 | 20.5 | 16.1% |
| Total | 91.0 | 84.3 | 128 | 122 | 10.3% |
Top Export Markets for Refined Copper Tube and Pipe from Finland in 2022:
- Italy (3.2K tons)
- Sweden (1.6K tons)
- Germany (1.2K tons)
- United States (1.1K tons)
- Poland (0.6K tons)
- United Kingdom (0.6K tons)
- New Zealand (0.3K tons)
- Russia (0.2K tons)
- Spain (0.1K tons)
Imports of Refined Copper Tube and Pipe in Finland
In 2022, overseas purchases of tubes and pipes of refined copper were finally on the rise to reach 2.5K tons after two years of decline. The total import volume increased at an average annual rate of +1.5% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, refined copper tube and pipe imports soared to $34M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +18.7% 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 +83.0% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Refined Copper Tube and Pipe in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 6.9 | 7.0 | 5.5 | 9.1 | 9.7% |
| United Kingdom | 5.2 | 5.4 | 6.1 | 8.6 | 18.3% |
| Italy | 1.7 | 1.0 | 4.2 | 4.3 | 36.3% |
| Malaysia | N/A | 0.7 | 1.5 | 3.1 | 110.4% |
| China | 1.0 | 0.8 | 1.3 | 2.7 | 39.2% |
| Germany | 4.4 | 2.5 | 3.3 | 2.2 | -20.6% |
| Greece | 0.3 | 0.2 | 0.6 | 1.9 | 85.0% |
| Poland | 0.4 | 0.2 | 1.0 | 1.0 | 35.7% |
| Others | 0.3 | 0.3 | 1.1 | 0.7 | 32.6% |
| Total | 20.1 | 18.4 | 24.6 | 33.6 | 18.7% |
Top Suppliers of Refined Copper Tube and Pipe to Finland in 2022:
- Sweden (766.7 tons)
- United Kingdom (734.2 tons)
- Italy (348.0 tons)
- China (193.8 tons)
- Germany (157.3 tons)
- Greece (145.0 tons)
- Malaysia (116.3 tons)
- Poland (53.3 tons)
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This report provides an in-depth analysis of the market for copper tube and pipe in Finland.
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