Price for Copper; Refined and Copper Alloys, Unwrought in Estonia - 2023

Contents:

  1. Price for Copper; Refined and Copper Alloys, Unwrought in Estonia (CIF) - 2023
  2. Price for Copper; Refined and Copper Alloys, Unwrought in Estonia (FOB) - 2022
  3. Imports of Copper; Refined and Copper Alloys, Unwrought in Estonia
  4. Exports of Copper; Refined and Copper Alloys, Unwrought in Estonia

Price for Copper; Refined and Copper Alloys, Unwrought in Estonia (CIF) - 2023

The average import price for copper; refined and copper alloys, unwroughts stood at $121K per ton in December 2023, surging by 1,262% against the previous month. Over the period under review, the import price showed a remarkable increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was China ($283K per ton), while the price for Italy ($95,786 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Italy (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for copper; refined and copper alloys, unwroughts stood at $5,533 per ton in 2022, with a decrease of -40% against the previous year. Over the period under review, the export price showed a pronounced setback. The most prominent rate of growth was recorded in 2020 when the average export price increased by 166%. As a result, the export price attained the peak level of $21,997 per ton. From 2021 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($36,818 per ton), while the average price for exports to Russia ($5,000 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 Germany (+18.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper; Refined and Copper Alloys, Unwrought in Estonia

After two years of decline, purchases abroad of copper; refined and copper alloys, unwroughts increased by 1,202% to 145 tons in 2022. Over the period under review, imports posted a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of copper; refined and copper alloys, unwroughts surged to $2.2M in 2022. In general, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Copper; Refined and Copper Alloys, Unwrought in Estonia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
FranceN/AN/A2.52,01080300.0%
Finland65.368.174.184.18.8%
Italy2.55.822.739.6151.1%
Netherlands18.15.518.517.9-0.4%
Germany16.925.617.12.4-47.8%
Russia33411.63.5N/A-89.8%
Ukraine0.8111N/AN/A13775.0%
Others34.04.315.31.8-62.5%
Total4722321542,15565.9%

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

  1. France (132.9 tons)
  2. Finland (5.9 tons)
  3. Italy (3.6 tons)
  4. Netherlands (2.2 tons)
  5. Germany (0.3 tons)

Exports of Copper; Refined and Copper Alloys, Unwrought in Estonia

In 2022, approx. 48 tons of copper; refined and copper alloys, unwroughts were exported from Estonia; picking up by 308% against 2021 figures. Overall, exports posted a strong increase. 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 surged to $265K in 2022. Over the period under review, exports enjoyed moderate growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Copper; Refined and Copper Alloys, Unwrought in Estonia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Russia151N/A93.722313.9%
PolandN/AN/AN/A19.50%
FinlandN/A89.40.35.8-74.5%
Cuba65.1N/AN/AN/A0%
Others15.69.114.316.82.5%
Total23298.41082654.5%

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

  1. Russia (44.6 tons)
  2. Poland (1.6 tons)
  3. Finland (0.4 tons)

Source: IndexBox Market Intelligence Platform

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