Price for Copper Plates, Sheets and Strip in Singapore - 2022
Contents:
- Price for Copper Plates, Sheets and Strip in Singapore (CIF) - 2022
- Price for Copper Plates, Sheets and Strip in Singapore (FOB) - 2022
- Imports of Copper Plates, Sheets and Strip in Singapore
- Exports of Copper Plates, Sheets and Strip in Singapore
Price for Copper Plates, Sheets and Strip in Singapore (CIF) - 2022
The average import price for copper plates, sheets and strips stood at $15,685 per ton in September 2022, approximately mirroring the previous month. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in August 2022 when the average import price increased by 25% m-o-m. The import price peaked at $17,193 per ton in May 2022; however, from June 2022 to September 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was China ($23,076 per ton), while the price for Germany ($14,484 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by Denmark (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Copper Plates, Sheets and Strip in Singapore (FOB) - 2022
In September 2022, the average export price for copper plates, sheets and strips amounted to $21,217 per ton, rising by 3.3% against the previous month. Over the last eight-month period, it increased at an average monthly rate of +1.3%. The pace of growth appeared the most rapid in March 2022 when the average export price increased by 5.9% against the previous month. Over the period under review, the average export prices attained the peak figure at $21,896 per ton in July 2022; however, from August 2022 to September 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In September 2022, the country with the highest price was Indonesia ($30,611 per ton), while the average price for exports to India ($6,814 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Copper Plates, Sheets and Strip in Singapore
In 2022, overseas purchases of copper plates, sheets and strips decreased by less than 0.1% to 28K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +10.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 18% against the previous year. As a result, imports attained the peak of 28K tons, leveling off in the following year.
In value terms, copper plates, sheets and strip imports totaled $316M in 2022. In general, imports, however, showed significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 70% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in years to come.
| Import of Copper Plates, Sheets and Strip in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 77.5 | 97.1 | 179 | 114 | 13.7% |
| Japan | 47.9 | 42.6 | 72.4 | 78.9 | 18.1% |
| Denmark | N/A | N/A | N/A | 55.8 | 0% |
| China | 11.9 | 16.4 | 24.9 | 34.7 | 42.9% |
| Malaysia | 22.1 | 20.9 | 23.9 | 16.6 | -9.1% |
| Taiwan (Chinese) | 5.7 | 4.7 | 6.8 | 5.8 | 0.6% |
| Others | 8.9 | 3.7 | 8.4 | 10.3 | 5.0% |
| Total | 174 | 185 | 315 | 316 | 22.0% |
Top Suppliers of Copper Plates, Sheets and Strip to Singapore in 2022:
- Germany (10.2K tons)
- Japan (6.8K tons)
- Denmark (6.1K tons)
- China (2.3K tons)
- Malaysia (1.5K tons)
- Taiwan (Chinese) (0.5K tons)
Exports of Copper Plates, Sheets and Strip in Singapore
In 2022, after three years of growth, there was significant decline in shipments abroad of copper plates, sheets and strips, when their volume decreased by -17% to 13K tons. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 14% against the previous year. As a result, the exports attained the peak of 16K tons, and then reduced sharply in the following year.
In value terms, copper plates, sheets and strip exports fell to $194M in 2022. In general, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +13.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +46.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 48%. As a result, the exports attained the peak of $215M, and then dropped in the following year.
| Export of Copper Plates, Sheets and Strip in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 53.5 | 52.4 | 65.5 | 67.3 | 7.9% |
| China | 39.1 | 38.0 | 50.9 | 40.8 | 1.4% |
| Taiwan (Chinese) | 14.6 | 17.3 | 34.3 | 27.3 | 23.2% |
| Indonesia | 8.0 | 16.2 | 23.5 | 21.4 | 38.8% |
| Japan | 3.7 | 3.5 | 9.5 | 12.3 | 49.2% |
| Hong Kong SAR | 7.4 | 11.6 | 21.0 | 10.2 | 11.3% |
| India | 0.6 | 0.9 | 1.9 | 2.8 | 67.1% |
| Others | 5.4 | 5.2 | 8.6 | 11.5 | 28.7% |
| Total | 132 | 145 | 215 | 194 | 13.7% |
Top Export Markets for Copper Plates, Sheets and Strip from Singapore in 2022:
- Malaysia (4.7K tons)
- China (2.8K tons)
- Taiwan (Chinese) (1.8K tons)
- Indonesia (0.8K tons)
- Japan (0.8K tons)
- India (0.7K tons)
- Hong Kong SAR (0.7K tons)
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This report provides an in-depth analysis of the market for copper bars, wire and plates in Singapore.
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This report provides an in-depth analysis of the global market for copper bars, wire and plates.
