Price for Copper; Refined and Copper Alloys, Unwrought in Belgium - 2023
Contents:
- Price for Copper; Refined and Copper Alloys, Unwrought in Belgium (FOB) - 2023
- Price for Copper; Refined and Copper Alloys, Unwrought in Belgium (CIF) - 2022
- Exports of Copper; Refined and Copper Alloys, Unwrought in Belgium
- Imports of Copper; Refined and Copper Alloys, Unwrought in Belgium
Price for Copper; Refined and Copper Alloys, Unwrought in Belgium (FOB) - 2023
In December 2023, the average export price for copper; refined and copper alloys, unwroughts amounted to $9,651 per ton, picking up by 5.7% against the previous month. Over the period from December 2022 to December 2023, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in April 2023 an increase of 11% against the previous month. As a result, the export price reached the peak level of $10,320 per ton. From May 2023 to December 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was Finland ($22,636 per ton), while the average price for exports to the UK ($8,624 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+25.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Copper; Refined and Copper Alloys, Unwrought in Belgium (CIF) - 2022
The average import price for copper; refined and copper alloys, unwroughts stood at $9,287 per ton in 2022, waning by -11.8% against the previous year. Overall, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for copper; refined and copper alloys, unwroughts increased by +50.9% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 68%. As a result, import price reached the peak level of $10,530 per ton, and then declined in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($11,853 per ton), while the price for Sweden ($4,843 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Copper; Refined and Copper Alloys, Unwrought in Belgium
After three years of growth, overseas shipments of copper; refined and copper alloys, unwroughts decreased by -6.7% to 204K tons in 2022. The total export volume increased at an average annual rate of +5.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 26% against the previous year. As a result, the exports attained the peak of 219K tons, and then fell in the following year.
In value terms, exports of copper; refined and copper alloys, unwroughts shrank to $1.8B in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 83%. As a result, the exports attained the peak of $2B, and then contracted in the following year.
| Export of Copper; Refined and Copper Alloys, Unwrought in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 461 | 473 | 1,116 | 1,027 | 30.6% |
| France | 101 | 33.9 | 186 | 260 | 37.1% |
| United Kingdom | 53.8 | 109 | 141 | 133 | 35.2% |
| China | 184 | 293 | 203 | 118 | -13.8% |
| Portugal | 0.6 | 17.7 | 24.4 | 75.1 | 400.2% |
| Italy | 47.0 | 12.3 | 233 | 67.5 | 12.8% |
| Finland | 40.1 | 47.5 | 56.4 | 67.2 | 18.8% |
| Netherlands | 89.9 | 22.1 | 9.6 | 20.9 | -38.5% |
| Others | 81.1 | 101 | 63.6 | 79.6 | -0.6% |
| Total | 1,059 | 1,109 | 2,031 | 1,848 | 20.4% |
Top Export Markets for Copper; Refined and Copper Alloys, Unwrought from Belgium in 2022:
- Germany (112.6K tons)
- France (29.7K tons)
- United Kingdom (15.0K tons)
- China (12.6K tons)
- Portugal (8.1K tons)
- Italy (7.6K tons)
- Finland (7.5K tons)
- Netherlands (2.5K tons)
Imports of Copper; Refined and Copper Alloys, Unwrought in Belgium
In 2022, supplies from abroad of copper; refined and copper alloys, unwroughts decreased by -5.8% to 52K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 12%. As a result, imports reached the peak of 68K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of copper; refined and copper alloys, unwroughts declined dramatically to $480M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +8.9% 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 +29.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 36%. As a result, imports attained the peak of $578M, and then reduced sharply in the following year.
| Import of Copper; Refined and Copper Alloys, Unwrought in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 292 | 359 | 521 | 385 | 9.7% |
| Netherlands | 15.9 | 0.6 | 14.6 | 52.4 | 48.8% |
| France | 6.1 | 8.0 | 3.9 | 9.9 | 17.5% |
| Poland | 1.4 | 20.3 | 7.2 | 4.2 | 44.2% |
| South Africa | 29.6 | 6.4 | 0.4 | 1.6 | -62.2% |
| Others | 26.2 | 30.6 | 31.0 | 27.6 | 1.8% |
| Total | 372 | 425 | 578 | 480 | 8.9% |
Top Suppliers of Copper; Refined and Copper Alloys, Unwrought to Belgium in 2022:
- Germany (40.8K tons)
- Netherlands (6.1K tons)
- France (1.1K tons)
- Poland (0.5K tons)
- South Africa (0.2K tons)
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