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

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

In December 2023, the average import price for copper; refined and copper alloys, unwroughts amounted to $9,353 per ton, with an increase of 6.2% against the previous month. In general, the import price saw mild growth. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 7% month-to-month. The import price peaked at $9,376 per ton in April 2023; afterwards, it flattened through to December 2023.

Average prices varied somewhat amongst the major supplying countries. In December 2023, the countries with the highest prices were Germany ($10,524 per ton) and Bulgaria ($9,395 per ton), while the price for France ($8,223 per ton) and Chile ($8,707 per ton) were amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Austria (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for copper; refined and copper alloys, unwroughts amounted to $9,683 per ton, with an increase of 10% against the previous year. Over the period under review, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.9% 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 +53.4% against 2020 indices. The growth pace was the most rapid in 2021 when the average export price increased by 39% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($14,766 per ton), while the average price for exports to China ($6,321 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 Turkey (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the amount of copper; refined and copper alloys, unwroughts imported into Italy expanded modestly to 641K tons, picking up by 4.6% compared with 2021. The total import volume increased at an average annual rate of +4.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 35%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of copper; refined and copper alloys, unwroughts stood at $5.7B in 2022. In general, imports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of 101%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.

Import of Copper; Refined and Copper Alloys, Unwrought in Italy (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Bulgaria	98.3	34.4	255	765	98.2%
Austria	496	428	710	562	4.3%
Democratic Republic of the Congo	270	278	479	553	27.0%
Poland	226	272	532	545	34.1%
Sweden	132	187	371	421	47.2%
Congo	433	235	316	404	-2.3%
Germany	156	127	323	371	33.5%
Spain	413	363	484	325	-7.7%
Netherlands	15.3	42.4	220	307	171.7%
Peru	257	260	305	267	1.3%
Chile	270	121	292	266	-0.5%
France	113	76.4	130	210	22.9%
Russia	17.4	64.8	335	177	116.7%
Others	526	313	880	522	-0.3%
Total	3,423	2,803	5,632	5,693	18.5%

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

Bulgaria (84.2K tons)
Austria (62.1K tons)
Democratic Republic of the Congo (60.8K tons)
Poland (60.6K tons)
Sweden (50.0K tons)
Congo (47.1K tons)
Germany (41.3K tons)
Spain (38.5K tons)
Netherlands (34.9K tons)
Chile (29.0K tons)
Peru (28.7K tons)
France (23.6K tons)
Russia (21.5K tons)

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

In 2022, overseas shipments of copper; refined and copper alloys, unwroughts decreased by -22.3% to 30K tons, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2020 with an increase of 56% against the previous year. As a result, the exports reached the peak of 56K 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 declined to $290M in 2022. The total export value increased at an average annual rate of +6.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 46% against the previous year. As a result, the exports attained the peak of $351M. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Export of Copper; Refined and Copper Alloys, Unwrought in Italy (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	90.7	56.4	80.8	73.2	-6.9%
Slovakia	10.9	6.9	22.3	31.3	42.1%
Spain	12.5	10.5	19.8	28.5	31.6%
France	18.9	28.4	21.2	25.9	11.1%
China	31.3	123	41.6	17.7	-17.3%
Poland	6.2	4.7	12.1	11.5	22.9%
Austria	4.2	7.0	2.3	10.0	33.5%
Hong Kong SAR	1.6	3.9	5.6	8.1	71.7%
Egypt	0.9	1.3	1.2	8.0	107.1%
Croatia	2.5	3.2	4.8	7.0	40.9%
Switzerland	2.4	1.9	2.8	6.3	37.9%
Luxembourg	6.1	6.1	7.3	5.2	-5.2%
Turkey	1.9	48.4	12.2	2.4	8.1%
Others	49.4	49.1	105	54.9	3.6%
Total	240	351	339	290	6.5%