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

Contents:

  1. Price for Copper; Refined and Copper Alloys, Unwrought in Slovakia (CIF) - 2023
  2. Price for Copper; Refined and Copper Alloys, Unwrought in Slovakia (FOB) - 2022
  3. Imports of Copper; Refined and Copper Alloys, Unwrought in Slovakia
  4. Exports of Copper; Refined and Copper Alloys, Unwrought in Slovakia

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

In November 2023, the average import price for copper; refined and copper alloys, unwroughts amounted to $9,087 per ton, therefore, remained relatively stable against the previous month. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 an increase of 38% against the previous month. As a result, import price reached the peak level of $11,599 per ton. From January 2023 to November 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Italy ($19,222 per ton), while the price for Germany ($8,634 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for copper; refined and copper alloys, unwroughts stood at $8,003 per ton in 2022, surging by 67% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The export price peaked at $8,371 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($15,837 per ton), while the average price for exports to Hungary ($2,157 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 UK (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, purchases abroad of copper; refined and copper alloys, unwroughts decreased by -34.9% to 15K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a abrupt setback. The pace of growth appeared the most rapid in 2020 when imports increased by 13%. As a result, imports attained the peak of 26K 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 contracted sharply to $123M in 2022. In general, total imports indicated pronounced growth from 2019 to 2022: its value increased at an average annual rate of +4.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 31% against the previous year. As a result, imports reached the peak of $164M, and then reduced sharply in the following year.

Import of Copper; Refined and Copper Alloys, Unwrought in Slovakia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Poland44.160.691.371.617.5%
Germany25.723.429.725.5-0.3%
Hungary5.97.28.97.47.8%
Czech Republic7.59.98.96.5-4.7%
Russia8.77.39.04.2-21.6%
Italy7.76.86.73.4-23.9%
Austria5.95.33.60.7-50.9%
Others3.54.25.73.93.7%
Total1091251641234.1%

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

  1. Poland (8.8K tons)
  2. Germany (2.8K tons)
  3. Czech Republic (0.9K tons)
  4. Hungary (0.9K tons)
  5. Russia (0.4K tons)
  6. Italy (0.3K tons)
  7. Austria (0.1K tons)

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

In 2022, shipments abroad of copper; refined and copper alloys, unwroughts increased by 934% to 3.4K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of copper; refined and copper alloys, unwroughts surged to $27M in 2022. Overall, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Copper; Refined and Copper Alloys, Unwrought in Slovakia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Austria0.10.20.324.9529.1%
Germany0.60.70.30.75.3%
Italy0.60.2N/A0.4-12.6%
Czech Republic0.50.30.60.4-7.2%
Denmark1.11.10.20.1-55.0%
Belgium1.60.7N/AN/A-56.3%
United Kingdom0.40.3N/AN/A-25.0%
Others0.60.50.20.75.3%
Total5.53.91.627.270.4%

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

  1. Austria (2885.2 tons)
  2. Germany (298.6 tons)
  3. Italy (75.7 tons)
  4. Czech Republic (51.4 tons)
  5. Denmark (4.3 tons)
  6. United Kingdom (0.2 tons)

Source: IndexBox Market Intelligence Platform

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