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

Contents:

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

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

The average import price for copper; refined and copper alloys, unwroughts stood at $6,953 per ton in 2022, waning by -15.4% against the previous year. Overall, the import price saw a mild decrease. The most prominent rate of growth was recorded in 2021 an increase of 37%. As a result, import price reached the peak level of $8,222 per ton, and then dropped rapidly in the following year.

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 Sweden ($59,587 per ton), while the price for Spain ($4,700 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+22.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper; Refined and Copper Alloys, Unwrought in Hungary (FOB) - 2023

In December 2023, the average export price for copper; refined and copper alloys, unwroughts amounted to $17,287 per ton, with an increase of 20% against the previous month. Over the period under review, the export price, however, continues to indicate a pronounced setback. The most prominent rate of growth was recorded in August 2023 when the average export price increased by 157% month-to-month. As a result, the export price reached the peak level of $38,665 per ton. From September 2023 to December 2023, the the average export prices remained at a lower figure.

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

From December 2022 to December 2023, the rate of growth in terms of prices for Italy amounted to +21.4% per month.

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

In 2022, imports of copper; refined and copper alloys, unwroughts into Hungary surged to 2.2K tons, picking up by 26% compared with the year before. Overall, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +13.7% 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 +54.2% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of copper; refined and copper alloys, unwroughts expanded sharply to $15M in 2022. Over the period under review, imports saw a strong increase. The pace of growth was the most pronounced in 2021 when imports increased by 68% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

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

1. Germany (707.0 tons)
2. Austria (417.2 tons)
3. France (331.8 tons)
4. Spain (309.8 tons)
5. Italy (154.6 tons)
6. Poland (149.7 tons)
7. Turkey (76.9 tons)
8. United Kingdom (0.1 tons)

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

In 2022, the amount of copper; refined and copper alloys, unwroughts exported from Hungary reached 536 tons, surging by 11% compared with 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 30%.

In value terms, exports of copper; refined and copper alloys, unwroughts skyrocketed to $7.5M in 2022. Over the period under review, exports posted a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 94% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

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

1. Germany (485.4 tons)
2. China (30.7 tons)
3. Italy (8.7 tons)
4. France (8.2 tons)
5. Poland (0.7 tons)

Source: IndexBox Market Intelligence Platform