Price for Copper Oxides and Hydroxides in the Philippines - 2023
Contents:
- Price for Copper Oxides and Hydroxides in the Philippines (CIF) - 2022
- Imports of Copper Oxides and Hydroxides in the Philippines
Price for Copper Oxides and Hydroxides in the Philippines (CIF) - 2022
In 2022, the average copper oxides and hydroxides import price amounted to $10,957 per ton, growing by 7.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. The pace of growth was the most pronounced in 2021 an increase of 36% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Singapore ($13,531 per ton) and Japan ($12,086 per ton), while the price for the United States ($10,363 per ton) and Germany ($10,611 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Copper Oxides and Hydroxides in the Philippines
In 2022, approx. 613 tons of copper oxides and hydroxideses were imported into the Philippines; growing by 18% against the year before. Over the period under review, imports showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 168% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.
In value terms, copper oxides and hydroxides imports soared to $6.7M in 2022. In general, imports saw a significant expansion. The growth pace was the most rapid in 2021 with an increase of 264%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Copper Oxides and Hydroxides in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 262 | 420 | 2,456 | 5,262 | 171.8% |
| United States | 133 | 64.6 | 551 | 526 | 58.1% |
| Singapore | 468 | 426 | 883 | 311 | -12.7% |
| Norway | 110 | 88.7 | 179 | 266 | 34.2% |
| Germany | 303 | 264 | 273 | 212 | -11.2% |
| Japan | 70.8 | 58.9 | 303 | 134 | 23.7% |
| Others | 132 | 132 | 655 | 3.7 | -69.6% |
| Total | 1,478 | 1,455 | 5,300 | 6,715 | 65.6% |
Top Suppliers of Copper Oxides and Hydroxides to the Philippines in 2022:
- Taiwan (Chinese) (482.8 tons)
- United States (50.8 tons)
- Norway (25.0 tons)
- Singapore (23.0 tons)
- Germany (20.0 tons)
- Japan (11.0 tons)
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