Price for Copper; Refined and Copper Alloys, Unwrought in Singapore - 2023
Contents:
- Price for Copper; Refined and Copper Alloys, Unwrought in Singapore (FOB) - 2022
- Price for Copper; Refined and Copper Alloys, Unwrought in Singapore (CIF) - 2022
- Exports of Copper; Refined and Copper Alloys, Unwrought in Singapore
- Imports of Copper; Refined and Copper Alloys, Unwrought in Singapore
Price for Copper; Refined and Copper Alloys, Unwrought in Singapore (FOB) - 2022
The average export price for copper; refined and copper alloys, unwroughts stood at $8,261 per ton in 2022, which is down by -2.7% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 36%. As a result, the export price reached the peak level of $8,486 per ton, and then reduced 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 ($24,020 per ton), while the average price for exports to India ($5,600 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 (+14.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Copper; Refined and Copper Alloys, Unwrought in Singapore (CIF) - 2022
In 2022, the average import price for copper; refined and copper alloys, unwroughts amounted to $8,591 per ton, with a decrease of -8.5% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 34%. As a result, import price reached the peak level of $9,387 per ton, and then reduced in the following year.
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 Japan ($14,955 per ton), while the price for Zambia ($5,929 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Copper; Refined and Copper Alloys, Unwrought in Singapore
In 2022, the amount of copper; refined and copper alloys, unwroughts exported from Singapore contracted significantly to 22K tons, waning by -28.5% against the year before. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 272%. As a result, the exports reached the peak of 31K tons, and then contracted sharply in the following year.
In value terms, exports of copper; refined and copper alloys, unwroughts declined notably to $185M in 2022. Over the period under review, exports, however, showed prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 405%. As a result, the exports attained the peak of $267M, and then declined rapidly in the following year.
| Export of Copper; Refined and Copper Alloys, Unwrought in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 48.6 | 17.2 | 182 | 92.4 | 23.9% |
| Bangladesh | 19.0 | 7.8 | 4.9 | 29.2 | 15.4% |
| Malaysia | 26.3 | 11.8 | 29.2 | 22.4 | -5.2% |
| Japan | 6.3 | 0.8 | 6.3 | 13.3 | 28.3% |
| Vietnam | N/A | N/A | 13.6 | 9.9 | -27.2% |
| Pakistan | 2.1 | 3.4 | 9.0 | 8.7 | 60.6% |
| Philippines | N/A | N/A | 7.7 | 3.5 | -54.5% |
| Taiwan (Chinese) | 5.1 | 2.9 | 4.0 | 2.3 | -23.3% |
| South Korea | 6.6 | 2.9 | 0.3 | 1.0 | -46.7% |
| Thailand | 19.2 | 3.5 | 7.4 | 0.2 | -78.2% |
| Others | 9.8 | 2.5 | 2.0 | 2.4 | -37.4% |
| Total | 143 | 52.8 | 267 | 185 | 9.0% |
Top Export Markets for Copper; Refined and Copper Alloys, Unwrought from Singapore in 2022:
- China (11.7K tons)
- Bangladesh (3.1K tons)
- Malaysia (2.6K tons)
- Japan (1.6K tons)
- Vietnam (1.1K tons)
- Pakistan (1.0K tons)
- Philippines (0.5K tons)
- Taiwan (Chinese) (0.4K tons)
- South Korea (0.2K tons)
Imports of Copper; Refined and Copper Alloys, Unwrought in Singapore
In 2022, the amount of copper; refined and copper alloys, unwroughts imported into Singapore fell rapidly to 15K tons, which is down by -35.9% compared with 2021 figures. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 130% against the previous year. As a result, imports reached the peak of 23K tons, and then shrank rapidly in the following year.
In value terms, imports of copper; refined and copper alloys, unwroughts dropped rapidly to $127M in 2022. Overall, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 208% against the previous year. As a result, imports attained the peak of $215M, and then declined dramatically in the following year.
| Import of Copper; Refined and Copper Alloys, Unwrought in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | 22.9 | 7.5 | 44.7 | 39.7% |
| Zambia | 31.4 | 10.2 | 1.0 | 12.8 | -25.9% |
| Chile | 0.4 | N/A | N/A | 12.4 | 214.1% |
| Poland | 8.6 | 1.3 | 4.2 | 11.7 | 10.8% |
| China | 2.8 | 0.6 | 47.4 | 11.1 | 58.3% |
| Peru | 0.3 | N/A | N/A | 7.2 | 188.4% |
| Indonesia | 0.2 | 13.4 | 48.9 | 7.1 | 228.7% |
| Australia | 11.8 | N/A | 8.1 | 3.8 | -31.5% |
| Belgium | 17.9 | 11.2 | 7.9 | N/A | -33.6% |
| India | 0.6 | 0.2 | 70.9 | N/A | 987.0% |
| Others | 12.6 | 10.2 | 19.5 | 15.7 | 7.6% |
| Total | 86.8 | 69.9 | 215 | 127 | 13.5% |
Top Suppliers of Copper; Refined and Copper Alloys, Unwrought to Singapore in 2022:
- Russia (4.2K tons)
- Zambia (2.2K tons)
- China (1.8K tons)
- Poland (1.6K tons)
- Chile (1.5K tons)
- Peru (0.9K tons)
- Indonesia (0.7K tons)
- Australia (0.4K tons)
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