Copper; Master Alloys Price in Canada - 2023

Contents:

1. Copper; Master Alloys Price in Canada (CIF) - 2023
2. Copper; Master Alloys Price in Canada (FOB) - 2022
3. Copper; Master Alloys Imports in Canada
4. Copper; Master Alloys Exports in Canada

Copper; Master Alloys Price in Canada (CIF) - 2023

In June 2023, the average copper; master alloys import price amounted to $9,378 per ton, jumping by 47% against the previous month. In general, import price indicated temperate growth from June 2022 to June 2023: its price increased at an average monthly rate of +2.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, copper; master alloys import price increased by +48.5% against March 2023 indices. The import price peaked at $9,638 per ton in December 2022; however, from January 2023 to June 2023, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From June 2022 to June 2023, the rate of growth in terms of prices for the United States amounted to +2.6% per month.

Copper; Master Alloys Price in Canada (FOB) - 2022

The average copper; master alloys export price stood at $5,744 per ton in 2022, waning by -3.9% against the previous year. Overall, the export price recorded a abrupt setback. The most prominent rate of growth was recorded in 2016 when the average export price increased by 55% against the previous year. Over the period under review, the average export prices reached the peak figure at $18,289 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($9,564 per ton), while the average price for exports to Turkey ($5,695 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 Turkey (+1.2%).

Copper; Master Alloys Imports in Canada

In 2022, the amount of copper; master alloyses imported into Canada expanded markedly to 258 tons, increasing by 5.7% against the previous year's figure. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +11.8% 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 +56.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 48% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, copper; master alloys imports contracted to $2M in 2022. Overall, imports posted a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 90% against the previous year. As a result, imports attained the peak of $2.2M, and then dropped in the following year.

Top Suppliers of Copper; Master Alloys to Canada in 2022:

1. United States (252.5 tons)

Copper; Master Alloys Exports in Canada

For the fourth consecutive year, Canada recorded growth in overseas shipments of copper; master alloyses, which increased by 227% to 167 tons in 2022. In general, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, copper; master alloys exports soared to $960K in 2022. Over the period under review, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Copper; Master Alloys from Canada in 2022:

1. Turkey (147.5 tons)
2. Brazil (17.5 tons)
3. United States (2.1 tons)

Source: IndexBox Market Intelligence Platform