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

Contents:

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

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

In December 2023, the average import price for copper; refined and copper alloys, unwroughts amounted to $12,262 per ton, waning by -17.7% against the previous month. Overall, the import price continues to indicate a deep reduction. The most prominent rate of growth was recorded in April 2023 an increase of 92% against the previous month. Over the period under review, average import prices attained the maximum at $24,638 per ton in August 2023; however, from September 2023 to December 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was the Netherlands ($35,942 per ton), while the price for the United States ($8,342 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 Germany (+0.5%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for copper; refined and copper alloys, unwroughts amounted to $8,582 per ton, reducing by -28.3% against the previous year. Overall, the export price recorded a abrupt curtailment. The pace of growth was the most pronounced in 2014 when the average export price increased by 337%. The export price peaked at $30,333 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($18,409 per ton), while the average price for exports to Spain ($6,865 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 Poland (+142.2%), while the prices for the other major destinations experienced mixed trend patterns.

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

After two years of decline, overseas purchases of copper; refined and copper alloys, unwroughts increased by 27% to 124 tons in 2022. Over the period under review, imports, however, showed a deep downturn.

In value terms, imports of copper; refined and copper alloys, unwroughts skyrocketed to $1.9M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +11.4% 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 +96.9% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. United Kingdom (30.4 tons)
2. India (25.9 tons)
3. Spain (20.1 tons)
4. China (12.9 tons)
5. Germany (11.8 tons)
6. Italy (9.7 tons)
7. Netherlands (4.7 tons)

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

Exports of copper; refined and copper alloys, unwroughts from Ireland skyrocketed to 50 tons in 2022, growing by 62% compared with 2021. Over the period under review, exports saw resilient growth. The pace of growth was the most pronounced in 2021 when exports increased by 207% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of copper; refined and copper alloys, unwroughts skyrocketed to $426K in 2022. Overall, exports enjoyed a buoyant increase. The growth pace was the most rapid in 2021 when exports increased by 193% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

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

1. United Kingdom (41.1 tons)
2. Spain (4.3 tons)
3. Italy (1.5 tons)
4. Mexico (1.1 tons)
5. Germany (1.0 tons)

Source: IndexBox Market Intelligence Platform