Price for Copper Plates, Sheets and Strip in Luxembourg - 2023

Price for Copper Plates, Sheets and Strip in Luxembourg (CIF) - 2022

In 2022, the average import price for copper plates, sheets and strips amounted to $5,381 per ton, surging by 13% against the previous year. Over the period under review, the import price, however, showed a noticeable curtailment. The most prominent rate of growth was recorded in 2015 when the average import price increased by 96% against the previous year. Over the period under review, average import prices attained the maximum at $11,344 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($76,479 per ton), while the price for Germany ($2,918 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+3.0%), while the prices for the other major suppliers experienced a decline.

Price for Copper Plates, Sheets and Strip in Luxembourg (FOB) - 2022

The average export price for copper plates, sheets and strips stood at $48,595 per ton in 2022, with an increase of 28% against the previous year. In general, the export price saw buoyant growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 114% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Algeria ($305,698 per ton), while the average price for exports to Tanzania ($7,448 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 Germany (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Plates, Sheets and Strip in Luxembourg

Copper plates, sheets and strip imports into Luxembourg contracted significantly to 361 tons in 2022, shrinking by -24.5% against the year before. Over the period under review, total imports indicated measured growth from 2019 to 2022: its volume increased at an average annual rate of +3.7% 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 +22.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 62% against the previous year. As a result, imports reached the peak of 478 tons, and then declined rapidly in the following year.

In value terms, copper plates, sheets and strip imports declined to $1.9M in 2022. In general, imports showed a abrupt slump. The growth pace was the most rapid in 2021 when imports increased by 77%.

Import of Copper Plates, Sheets and Strip in Luxembourg (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	1,168	663	729	939	-7.0%
Canada	408	215	350	519	8.4%
Belgium	522	193	747	308	-16.1%
Netherlands	N/A	N/A	N/A	70.6	0%
Italy	215	86.3	275	N/A	13.1%
Others	435	131	178	106	-37.5%
Total	2,749	1,287	2,278	1,943	-10.9%

Top Suppliers of Copper Plates, Sheets and Strip to Luxembourg in 2022:

Italy (undefined tons)
Germany (321.8 tons)
Belgium (21.1 tons)
Netherlands (7.2 tons)
Canada (6.8 tons)

Exports of Copper Plates, Sheets and Strip in Luxembourg

For the third consecutive year, Luxembourg recorded decline in overseas shipments of copper plates, sheets and strips, which decreased by -25.4% to 6.8 tons in 2022. Over the period under review, exports saw a dramatic curtailment. The smallest decline of -15% was in 2021.

In value terms, copper plates, sheets and strip exports shrank to $333K in 2022. In general, exports faced a dramatic contraction. The pace of growth appeared the most rapid in 2021 with an increase of 20%.

Export of Copper Plates, Sheets and Strip in Luxembourg (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Indonesia	N/A	0.3	1.1	128	1965.6%
Algeria	N/A	N/A	N/A	75.8	0%
Singapore	N/A	N/A	N/A	24.1	0%
France	324	0.1	1.2	16.1	-63.2%
Germany	346	40.9	74.4	6.9	-72.9%
United Kingdom	N/A	N/A	0.2	6.3	3050.0%
China	435	93.4	48.7	2.9	-81.2%
Canada	78.7	5.1	1.8	1.3	-74.5%
Tanzania	N/A	0.1	N/A	0.9	200.0%
United States	690	20.9	72.5	0.4	-91.7%
Austria	124	13.7	21.8	0.2	-88.3%
Others	118	113	125	69.3	-16.3%
Total	2,115	288	347	333	-46.0%