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

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

In 2022, the average export price for copper; refined and copper alloys, unwroughts amounted to $9,147 per ton, which is down by -4.5% against the previous year. In general, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for copper; refined and copper alloys, unwroughts increased by +45.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by 52% against the previous year. As a result, the export price reached the peak level of $9,582 per ton, and then shrank in the following year.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to China ($10,744 per ton) and Germany ($9,055 per ton), while the average price for exports to the Netherlands ($8,073 per ton) and Italy ($9,029 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+2.6%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, the average import price for copper; refined and copper alloys, unwroughts amounted to $8,956 per ton, rising by 5.8% against the previous year. In general, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.7% 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 +51.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 43% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Russia ($9,951 per ton) and Norway ($9,378 per ton), while the price for Germany ($8,546 per ton) and Sweden ($8,804 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, shipments abroad of copper; refined and copper alloys, unwroughts decreased by -21.1% to 72K tons, falling for the second year in a row after two years of growth. Overall, total exports indicated a modest increase from 2019 to 2022: its volume increased at an average annual rate of +1.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -37.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 68%. As a result, the exports attained the peak of 116K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of copper; refined and copper alloys, unwroughts reduced notably to $659M in 2022. In general, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +12.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 59%.

Export of Copper; Refined and Copper Alloys, Unwrought in Finland (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	387	435	566	415	2.4%
Italy	42.6	120	182	151	52.5%
China	19.6	64.1	43.2	56.7	42.5%
Netherlands	N/A	70.7	N/A	20.2	-46.5%
Turkey	0.8	20.3	63.8	3.7	66.6%
Others	8.4	18.0	19.7	11.8	12.0%
Total	458	728	875	659	12.9%

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

Germany (45.8K tons)
Italy (16.7K tons)
China (5.3K tons)
Netherlands (2.5K tons)
Turkey (0.4K tons)

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

Imports of copper; refined and copper alloys, unwroughts into Finland skyrocketed to 20K tons in 2022, with an increase of 20% on 2021. The total import volume increased at an average annual rate of +13.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 skyrocketed to $176M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +15.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +98.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 56%. Imports peaked in 2022 and are likely to continue growth in years to come.

Import of Copper; Refined and Copper Alloys, Unwrought in Finland (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Belgium	39.2	46.7	58.7	73.0	23.0%
Germany	30.9	10.5	23.0	48.1	15.9%
Russia	32.7	19.8	31.7	22.2	-12.1%
Sweden	1.3	4.8	21.2	18.8	143.6%
Indonesia	N/A	N/A	N/A	4.6	0%
Norway	3.6	0.9	0.3	4.1	4.4%
Others	6.5	6.3	4.1	5.5	-5.4%
Total	114	89.0	139	176	15.6%