Price for Copper; Refined and Copper Alloys, Unwrought in Malaysia - 2024
Contents:
- Price for Copper; Refined and Copper Alloys, Unwrought in Malaysia (CIF) - 2024
- Price for Copper; Refined and Copper Alloys, Unwrought in Malaysia (FOB) - 2022
- Imports of Copper; Refined and Copper Alloys, Unwrought in Malaysia
- Exports of Copper; Refined and Copper Alloys, Unwrought in Malaysia
Price for Copper; Refined and Copper Alloys, Unwrought in Malaysia (CIF) - 2024
The average import price for copper; refined and copper alloys, unwroughts stood at $7,105 per ton in January 2024, with an increase of 14% against the previous month. Overall, the import price, however, recorded a mild decrease. The import price peaked at $8,359 per ton in January 2023; however, from February 2023 to January 2024, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Democratic Republic of the Congo ($8,841 per ton), while the price for the United States ($742 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Japan (+1.4%), while the prices for the other major suppliers experienced a decline.
Price for Copper; Refined and Copper Alloys, Unwrought in Malaysia (FOB) - 2022
The average export price for copper; refined and copper alloys, unwroughts stood at $7,295 per ton in 2022, which is down by -10.1% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 48% against the previous year. As a result, the export price attained the peak level of $8,117 per ton, and then dropped in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($10,721 per ton), while the average price for exports to Pakistan ($5,815 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 Thailand (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Copper; Refined and Copper Alloys, Unwrought in Malaysia
In 2022, the amount of copper; refined and copper alloys, unwroughts imported into Malaysia skyrocketed to 289K tons, rising by 22% on 2021. In general, imports, however, continue to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 43%.
In value terms, imports of copper; refined and copper alloys, unwroughts reached $2.6B in 2022. Over the period under review, imports showed a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 119% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Copper; Refined and Copper Alloys, Unwrought in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 701 | 358 | 738 | 808 | 4.8% |
| Indonesia | 344 | 217 | 769 | 786 | 31.7% |
| Japan | 188 | 224 | 233 | 284 | 14.7% |
| South Korea | 307 | 115 | 364 | 229 | -9.3% |
| Chile | 9.8 | 3.3 | 2.5 | 160 | 153.7% |
| Philippines | 42.1 | 20.5 | 27.2 | 99.1 | 33.0% |
| China | 132 | 57.0 | 32.9 | 40.2 | -32.7% |
| Singapore | 15.1 | 9.3 | 11.6 | 38.8 | 37.0% |
| Others | 151 | 45.1 | 115 | 112 | -9.5% |
| Total | 1,890 | 1,049 | 2,293 | 2,557 | 10.6% |
Top Suppliers of Copper; Refined and Copper Alloys, Unwrought to Malaysia in 2022:
- Australia (89.8K tons)
- Indonesia (87.6K tons)
- Japan (35.3K tons)
- South Korea (24.8K tons)
- Chile (16.8K tons)
- Philippines (11.1K tons)
- China (4.8K tons)
- Singapore (4.4K tons)
Exports of Copper; Refined and Copper Alloys, Unwrought in Malaysia
In 2022, exports of copper; refined and copper alloys, unwroughts from Malaysia contracted to 9.7K tons, dropping by -14.3% against 2021. In general, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 25% against the previous year.
In value terms, exports of copper; refined and copper alloys, unwroughts contracted sharply to $71M in 2022. Overall, exports recorded a abrupt descent. The pace of growth appeared the most rapid in 2021 with an increase of 86%.
| Export of Copper; Refined and Copper Alloys, Unwrought in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 55.2 | 25.3 | 52.3 | 40.3 | -10.0% |
| Bangladesh | 1.4 | 8.6 | 24.8 | 20.8 | 145.8% |
| Pakistan | N/A | 2.6 | N/A | 5.1 | 40.1% |
| India | 20.2 | 9.4 | 5.4 | 3.5 | -44.3% |
| Thailand | 8.1 | 0.5 | 0.9 | 1.1 | -48.6% |
| Singapore | 2.5 | 2.2 | 0.5 | 0.1 | -65.8% |
| Vietnam | 6.7 | N/A | 3.3 | N/A | -29.8% |
| Others | 2.7 | 1.1 | 4.8 | 0.1 | -66.7% |
| Total | 96.8 | 49.6 | 92.1 | 70.9 | -9.9% |
Top Export Markets for Copper; Refined and Copper Alloys, Unwrought from Malaysia in 2022:
- China (5.4K tons)
- Bangladesh (2.9K tons)
- Pakistan (0.9K tons)
- India (0.5K tons)
- Thailand (0.1K tons)
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