Price for Copper Plates, Sheets and Strip in Canada - 2023
Contents:
- Price for Copper Plates, Sheets and Strip in Canada (CIF) - 2023
- Price for Copper Plates, Sheets and Strip in Canada (FOB) - 2022
- Imports of Copper Plates, Sheets and Strip in Canada
- Exports of Copper Plates, Sheets and Strip in Canada
Price for Copper Plates, Sheets and Strip in Canada (CIF) - 2023
In June 2023, the average import price for copper plates, sheets and strips amounted to $11,382 per ton, remaining constant against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in December 2022 when the average import price increased by 13% m-o-m. The import price peaked at $11,630 per ton in June 2022; however, from July 2022 to June 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In June 2023, the countries with the highest prices were the United States ($11,865 per ton) and Bulgaria ($11,306 per ton), while the price for the Netherlands ($9,383 per ton) and Italy ($9,950 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Italy (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Copper Plates, Sheets and Strip in Canada (FOB) - 2022
The average export price for copper plates, sheets and strips stood at $11,003 per ton in 2022, increasing by 4.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2017 an increase of 22%. The export price peaked in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($11,436 per ton), while the average price for exports to Taiwan (Chinese) ($3,074 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 the United States (+2.0%), while the prices for the other major destinations experienced a decline.
Imports of Copper Plates, Sheets and Strip in Canada
In 2022, the amount of copper plates, sheets and strips imported into Canada surged to 12K tons, with an increase of 16% on the previous year. The total import volume increased at an average annual rate of +4.6% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, copper plates, sheets and strip imports skyrocketed to $134M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +15.7% 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 +68.2% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 35% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Copper Plates, Sheets and Strip in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 54.2 | 50.5 | 59.1 | 70.0 | 8.9% |
| China | 1.3 | 1.3 | 1.7 | 16.8 | 134.7% |
| Netherlands | 8.4 | 7.6 | 15.6 | 12.9 | 15.4% |
| Bulgaria | 5.8 | 5.3 | 8.0 | 10.3 | 21.1% |
| Peru | 2.9 | 2.3 | 5.5 | 8.3 | 42.0% |
| Germany | 9.6 | 5.4 | 5.6 | 4.1 | -24.7% |
| Bahrain | N/A | 2.0 | 6.5 | 2.1 | 2.5% |
| Others | 4.5 | 5.3 | 5.9 | 9.7 | 29.2% |
| Total | 86.5 | 79.7 | 108 | 134 | 15.7% |
Top Suppliers of Copper Plates, Sheets and Strip to Canada in 2022:
- United States (5.7K tons)
- China (1.8K tons)
- Netherlands (1.5K tons)
- Bulgaria (1.0K tons)
- Peru (0.8K tons)
- Germany (0.3K tons)
- Bahrain (0.2K tons)
Exports of Copper Plates, Sheets and Strip in Canada
In 2022, approx. 2.3K tons of copper plates, sheets and strips were exported from Canada; with an increase of 101% on 2021 figures. In general, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, copper plates, sheets and strip exports surged to $25M in 2022. Over the period under review, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Copper Plates, Sheets and Strip in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 9.6 | 7.7 | 11.0 | 24.1 | 35.9% |
| Italy | N/A | N/A | N/A | 0.5 | 0% |
| Taiwan (Chinese) | N/A | N/A | N/A | 0.1 | 0% |
| India | 0.3 | N/A | 0.3 | 0.1 | -30.7% |
| Others | 0.1 | 0.1 | 0.6 | 0.3 | 44.2% |
| Total | 10.1 | 7.8 | 11.9 | 25.1 | 35.5% |
Top Export Markets for Copper Plates, Sheets and Strip from Canada in 2022:
- United States (2105.9 tons)
- Italy (75.5 tons)
- Taiwan (Chinese) (40.9 tons)
- India (14.4 tons)
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This report provides an in-depth analysis of the market for copper bars, wire and plates in Canada.
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This report provides an in-depth analysis of the global market for copper bars, wire and plates.
