Price for Copper; Refined and Copper Alloys, Unwrought in Russia - 2022

Contents:

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

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

In 2022, the average export price for copper; refined and copper alloys, unwroughts amounted to $8,836 per ton, declining by -3.6% against the previous year. In general, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.5% 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 +45.3% against 2019 indices. The growth pace was the most rapid in 2021 when the average export price increased by 47% against the previous year. As a result, the export price reached the peak level of $9,163 per ton, and then fell slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($24,747 per ton), while the average price for exports to Italy ($8,517 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 the United Arab Emirates (+17.3%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for copper; refined and copper alloys, unwroughts stood at $6,876 per ton in 2022, surging by 32% against the previous year. Over the period under review, the import price, however, saw a mild shrinkage. The most prominent rate of growth was recorded in 2018 when the average import price increased by 459%. The import price peaked at $12,543 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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 Germany ($9,439 per ton), while the price for Kazakhstan ($1,965 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (+1,751.3%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, after three years of growth, there was decline in overseas shipments of copper; refined and copper alloys, unwroughts, when their volume decreased by -0.2% to 765K tons. The total export volume increased at an average annual rate of +11.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 28% against the previous year.

In value terms, exports of copper; refined and copper alloys, unwroughts declined slightly to $6.8B in 2022. Over the period under review, exports, however, showed significant growth. The growth pace was the most rapid in 2021 when exports increased by 57%. As a result, the exports attained the peak of $7B, and then dropped modestly in the following year.

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

1. China (335.9K tons)
2. Germany (151.7K tons)
3. Turkey (106.4K tons)
4. Netherlands (76.2K tons)
5. Taiwan (Chinese) (22.6K tons)
6. Italy (21.5K tons)
7. Greece (14.5K tons)

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

In 2022, overseas purchases of copper; refined and copper alloys, unwroughts decreased by -43.4% to 2.4K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports faced a dramatic setback. The pace of growth appeared the most rapid in 2020 with an increase of 3.1%. As a result, imports attained the peak of 5.8K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of copper; refined and copper alloys, unwroughts fell significantly to $17M in 2022. In general, imports recorded a precipitous decrease. The smallest decline of -8.1% was in 2021.

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

1. Uzbekistan (1416.3 tons)
2. Kazakhstan (437.4 tons)
3. Germany (312.2 tons)
4. China (111.7 tons)
5. Estonia (43.6 tons)

Source: IndexBox Market Intelligence Platform