Price for Copper; Refined and Copper Alloys, Unwrought in Japan - 2023
Contents:
- Price for Copper; Refined and Copper Alloys, Unwrought in Japan (FOB) - 2023
- Price for Copper; Refined and Copper Alloys, Unwrought in Japan (CIF) - 2022
- Exports of Copper; Refined and Copper Alloys, Unwrought in Japan
- Imports of Copper; Refined and Copper Alloys, Unwrought in Japan
Price for Copper; Refined and Copper Alloys, Unwrought in Japan (FOB) - 2023
In November 2023, the average export price for copper; refined and copper alloys, unwroughts amounted to $8,029 per ton, flattening at the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2023 when the average export price increased by 4.2% against the previous month. Over the period under review, the average export prices reached the peak figure at $8,789 per ton in March 2023; however, from April 2023 to November 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In November 2023, the highest price was recorded for prices to Taiwan (Chinese) ($8,273 per ton) and Vietnam ($8,156 per ton), while the average price for exports to Indonesia ($7,808 per ton) and Thailand ($7,809 per ton) were amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+0.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Copper; Refined and Copper Alloys, Unwrought in Japan (CIF) - 2022
The average import price for copper; refined and copper alloys, unwroughts stood at $9,184 per ton in 2022, flattening at the previous year. In general, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.0% 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 +50.1% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 48%. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Chile ($10,222 per ton) and Germany ($9,770 per ton), while the price for Indonesia ($7,576 per ton) and South Korea ($8,766 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Copper; Refined and Copper Alloys, Unwrought in Japan
In 2022, approx. 676K tons of copper; refined and copper alloys, unwroughts were exported from Japan; with an increase of 7.7% against 2021 figures. The total export volume increased at an average annual rate of +6.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 40%. As a result, the exports reached the peak of 775K 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 expanded to $5.8B in 2022. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +74.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 41%. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in years to come.
| Export of Copper; Refined and Copper Alloys, Unwrought in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,095 | 1,888 | 1,947 | 1,938 | 21.0% |
| Taiwan (Chinese) | 579 | 776 | 1,063 | 1,351 | 32.6% |
| Thailand | 376 | 519 | 812 | 909 | 34.2% |
| India | 681 | 803 | 1,002 | 784 | 4.8% |
| Indonesia | 221 | 155 | 326 | 307 | 11.6% |
| Malaysia | 151 | 215 | 211 | 234 | 15.7% |
| Vietnam | 77.5 | 140 | 156 | 143 | 22.7% |
| Others | 155 | 199 | 160 | 162 | 1.5% |
| Total | 3,336 | 4,695 | 5,677 | 5,827 | 20.4% |
Top Export Markets for Copper; Refined and Copper Alloys, Unwrought from Japan in 2022:
- China (226.7K tons)
- Taiwan (Chinese) (152.1K tons)
- Thailand (104.4K tons)
- India (94.8K tons)
- Indonesia (35.6K tons)
- Malaysia (26.9K tons)
- Vietnam (16.2K tons)
Imports of Copper; Refined and Copper Alloys, Unwrought in Japan
In 2022, the amount of copper; refined and copper alloys, unwroughts imported into Japan totaled 10K tons, with an increase of 2.9% against the previous year. In general, imports, however, saw a deep setback.
In value terms, imports of copper; refined and copper alloys, unwroughts stood at $93M in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 53% against the previous year.
| Import of Copper; Refined and Copper Alloys, Unwrought in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | 4.0 | 21.5 | 15.9 | 23.8 | 81.2% |
| China | 2.0 | 0.1 | 18.8 | 13.3 | 88.1% |
| South Korea | 3.4 | 1.6 | 3.1 | 12.1 | 52.7% |
| Germany | N/A | 0.1 | 1.4 | 11.9 | 990.9% |
| Austria | N/A | N/A | N/A | 10.3 | 0% |
| Australia | 1.8 | 1.8 | 9.5 | 6.8 | 55.7% |
| Chile | 43.4 | 32.5 | 9.7 | 6.7 | -46.4% |
| Zambia | 7.3 | N/A | 5.5 | 5.4 | -9.6% |
| Indonesia | 26.3 | N/A | 23.1 | 0.3 | -77.5% |
| Others | 7.5 | 1.1 | 2.6 | 2.5 | -30.7% |
| Total | 95.7 | 58.7 | 89.6 | 93.1 | -0.9% |
Top Suppliers of Copper; Refined and Copper Alloys, Unwrought to Japan in 2022:
- Democratic Republic of the Congo (2.6K tons)
- China (1.5K tons)
- South Korea (1.4K tons)
- Germany (1.2K tons)
- Austria (1.1K tons)
- Australia (0.7K tons)
- Chile (0.7K tons)
- Zambia (0.6K tons)
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In July 2023, the price of Refined Copper reached $8,443 per ton (FOB, Japan), showing a 4.2% increase compared to the previous month.
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Explore the top import markets for copper, including China, the United States, Germany, Italy, and more. Learn about their import values and the role of copper in various industries.
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In July 2023, the price of Refined Copper reached $8,443 per ton (FOB, Japan), showing a 4.2% increase compared to the previous month.
241
Explore the top import markets for copper, including China, the United States, Germany, Italy, and more. Learn about their import values and the role of copper in various industries.
2316
Global refined copper imports amounted to X tons in 2016, declining by -X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to X>
