Price for Copper; Powders and Flakes in Chile - 2023

Price for Copper; Powders and Flakes in Chile (FOB) - 2023

The average copper; powders and flakes export price stood at $5,354 per ton in July 2023, leveling off at the previous month. In general, the export price recorded a slight decrease. As a result, the export price reached the peak level of $6,144 per ton. From August 2022 to July 2023, the the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Belgium.

From July 2022 to July 2023, the rate of growth in terms of prices for Belgium amounted to -1.1% per month.

Price for Copper; Powders and Flakes in Chile (CIF) - 2022

The average copper; powders and flakes import price stood at $31,866 per ton in 2022, rising by 26% against the previous year. Overall, the import price posted a modest increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 101% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($92,308 per ton), while the price for Peru ($5,400 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Copper; Powders and Flakes in Chile

After three years of growth, overseas shipments of copper; powders and flakeses decreased by -48.2% to 75 tons in 2022. In general, exports, however, posted resilient growth. The pace of growth appeared the most rapid in 2020 when exports increased by 83% against the previous year.

In value terms, copper; powders and flakes exports reduced remarkably to $441K in 2022. Over the period under review, exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 56% against the previous year. As a result, the exports reached the peak of $645K, and then dropped rapidly in the following year.

Export of Copper; Powders and Flakes in Chile (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Belgium	N/A	306	607	441	20.0%
Thailand	N/A	N/A	15.9	N/A	0%
United Kingdom	185	90.3	N/A	N/A	-51.2%
Taiwan (Chinese)	94.3	N/A	N/A	N/A	0%
Others	5.0	18.4	22.8	N/A	113.5%
Total	285	415	645	441	15.7%

Top Export Markets for Copper; Powders and Flakes from Chile in 2022:

Belgium (75.0 tons)

Imports of Copper; Powders and Flakes in Chile

Copper; powders and flakes imports into Chile dropped significantly to 417 kg in 2022, with a decrease of -77.4% on the previous year's figure. Overall, imports recorded a precipitous setback. The growth pace was the most rapid in 2021 when imports increased by 36%.

In value terms, copper; powders and flakes imports fell rapidly to $13K in 2022. Over the period under review, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 103% against the previous year. As a result, imports reached the peak of $47K, and then reduced markedly in the following year.

Import of Copper; Powders and Flakes in Chile (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	11.9	5.1	30.1	5.3	-23.6%
Brazil	4.8	2.4	10.7	3.8	-7.5%
China	N/A	12.4	1.2	1.2	-68.9%
Spain	N/A	N/A	N/A	1.0	0%
United Kingdom	0.3	N/A	N/A	0.8	38.7%
United States	1.5	1.9	3.1	0.7	-22.4%
France	N/A	N/A	N/A	0.2	0%
Peru	2.7	N/A	N/A	0.1	-66.7%
Others	0.3	1.1	1.6	0.1	-30.7%
Total	21.6	23.0	46.7	13.3	-14.9%