Price for Copper; Powders and Flakes in Estonia - 2023

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

In 2022, the average copper; powders and flakes import price amounted to $125,949 per ton, growing by 95% against the previous year. Overall, the import price, however, continues to indicate a mild reduction. The pace of growth appeared the most rapid in 2017 when the average import price increased by 198%. The import price peaked at $146,657 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Russia ($127,930 per ton), while the price for Austria ($21,500 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+20.1%), while the prices for the other major suppliers experienced a decline.

Price for Copper; Powders and Flakes in Estonia (FOB) - 2022

The average copper; powders and flakes export price stood at $25,964 per ton in 2022, falling by -3.4% against the previous year. Over the period under review, the export price, however, continues to indicate a strong increase. The pace of growth appeared the most rapid in 2021 when the average export price increased by 20% against the previous year. As a result, the export price reached the peak level of $26,882 per ton, and then shrank slightly in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to +5.4% per year.

Imports of Copper; Powders and Flakes in Estonia

After three years of growth, supplies from abroad of copper; powders and flakeses decreased by -77.6% to 1 tons in 2022. Over the period under review, imports, however, showed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 7,963% against the previous year. As a result, imports attained the peak of 4.6 tons, and then declined significantly in the following year.

In value terms, copper; powders and flakes imports declined significantly to $129K in 2022. In general, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 8,655% against the previous year. As a result, imports attained the peak of $296K, and then dropped sharply in the following year.

Import of Copper; Powders and Flakes in Estonia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Russia	N/A	3.2	3.1	128	532.5%
United Kingdom	N/A	N/A	0.4	1.1	175.0%
Austria	N/A	N/A	274	N/A	0%
United States	N/A	N/A	16.6	N/A	0%
Others	0.7	0.2	2.2	0.5	-10.6%
Total	0.7	3.4	296	129	469.1%

Top Suppliers of Copper; Powders and Flakes to Estonia in 2022:

Russia (999.0 kg)
United Kingdom (27.0 kg)
Austria (2.0 kg)

Exports of Copper; Powders and Flakes in Estonia

In 2022, exports of copper; powders and flakeses from Estonia skyrocketed to 700 kg, growing by 27% against 2021 figures. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 175%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, copper; powders and flakes exports skyrocketed to $18K in 2022. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 229%. The exports peaked in 2022 and are likely to see steady growth in the near future.