Price for Copper; Refined and Copper Alloys, Unwrought in Costa Rica - 2022

Contents:

1. Price for Copper; Refined and Copper Alloys, Unwrought in Costa Rica (CIF) - 2022
2. Price for Copper; Refined and Copper Alloys, Unwrought in Costa Rica (FOB) - 2022
3. Imports of Copper; Refined and Copper Alloys, Unwrought in Costa Rica
4. Exports of Copper; Refined and Copper Alloys, Unwrought in Costa Rica

Price for Copper; Refined and Copper Alloys, Unwrought in Costa Rica (CIF) - 2022

In 2022, the average import price for copper; refined and copper alloys, unwroughts amounted to $6,919 per ton, growing by 7% against the previous year. Overall, the import price, however, recorded a pronounced curtailment. The pace of growth was the most pronounced in 2020 when the average import price increased by 30%. Over the period under review, average import prices attained the maximum at $9,883 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($8,547 per ton), while the price for Spain ($1,644 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Copper; Refined and Copper Alloys, Unwrought in Costa Rica (FOB) - 2022

In 2022, the average export price for copper; refined and copper alloys, unwroughts amounted to $8,396 per ton, picking up by 14% against the previous year. Over the period under review, the export price showed a prominent increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 57%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nicaragua ($13,000 per ton), while the average price for exports to Malaysia ($5,440 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 Japan (+27.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper; Refined and Copper Alloys, Unwrought in Costa Rica

In 2022, approx. 222 tons of copper; refined and copper alloys, unwroughts were imported into Costa Rica; almost unchanged from 2021 figures. Over the period under review, imports, however, recorded buoyant growth. The pace of growth was the most pronounced in 2021 when imports increased by 174%. As a result, imports attained the peak of 224 tons, and then fell modestly in the following year.

In value terms, imports of copper; refined and copper alloys, unwroughts rose sharply to $1.5M in 2022. In general, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 230%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.

Top Suppliers of Copper; Refined and Copper Alloys, Unwrought to Costa Rica in 2022:

1. United States (159.0 tons)
2. Spain (51.9 tons)
3. Germany (3.7 tons)
4. Malaysia (3.0 tons)
5. France (1.6 tons)

Exports of Copper; Refined and Copper Alloys, Unwrought in Costa Rica

For the fourth year in a row, Costa Rica recorded growth in overseas shipments of copper; refined and copper alloys, unwroughts, which increased by 13% to 16 tons in 2022. The total export volume increased at an average annual rate of +13.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of copper; refined and copper alloys, unwroughts soared to $133K in 2022. Overall, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2020 with an increase of 28% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Copper; Refined and Copper Alloys, Unwrought from Costa Rica in 2022:

1. Thailand (9.1 tons)
2. China (3.7 tons)
3. Japan (2.0 tons)
4. Malaysia (0.9 tons)

Source: IndexBox Market Intelligence Platform