Price for Refined Copper Tube and Pipe in Qatar - 2023
Contents:
- Price for Refined Copper Tube and Pipe in Qatar (CIF) - 2023
- Imports of Refined Copper Tube and Pipe in Qatar
Price for Refined Copper Tube and Pipe in Qatar (CIF) - 2023
The average import price for tubes and pipes of refined copper stood at $10,349 per ton in August 2023, which is down by -7.4% against the previous month. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 51% m-o-m. The import price peaked at $12,615 per ton in April 2023; however, from May 2023 to August 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was the UK ($18,203 per ton), while the price for Australia ($6,679 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the UK (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Refined Copper Tube and Pipe in Qatar
In 2022, the amount of tubes and pipes of refined copper imported into Qatar surged to 2.4K tons, growing by 35% against the previous year. In general, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +15.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.4% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, refined copper tube and pipe imports skyrocketed to $26M in 2022. Over the period under review, imports saw a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 60%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Refined Copper Tube and Pipe in Qatar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 6.5 | 6.8 | 9.7 | 10.7 | 18.1% |
| China | 1.4 | 1.6 | 3.7 | 6.3 | 65.1% |
| South Korea | 2.8 | 2.5 | 3.0 | 4.5 | 17.1% |
| United States | 0.6 | 0.3 | 1.5 | 1.6 | 38.7% |
| Vietnam | 0.2 | 0.1 | N/A | 1.2 | 81.7% |
| Iran | 0.1 | N/A | 0.1 | 0.4 | 58.7% |
| Turkey | 0.1 | N/A | 0.1 | 0.2 | 26.0% |
| South Africa | 0.4 | 0.3 | 0.5 | 0.2 | -20.6% |
| Others | 0.6 | 0.2 | 0.4 | 1.3 | 29.4% |
| Total | 12.6 | 11.9 | 19.0 | 26.5 | 28.1% |
Top Suppliers of Refined Copper Tube and Pipe to Qatar in 2022:
- United Kingdom (818.9 tons)
- China (619.3 tons)
- South Korea (485.5 tons)
- Vietnam (132.5 tons)
- United States (127.0 tons)
- Turkey (55.0 tons)
- Iran (53.5 tons)
- South Africa (21.4 tons)
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883
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