Price for Copper; Refined and Copper Alloys, Unwrought in Spain - 2023
Contents:
- Price for Copper; Refined and Copper Alloys, Unwrought in Spain (CIF) - 2022
- Price for Copper; Refined and Copper Alloys, Unwrought in Spain (FOB) - 2023
- Imports of Copper; Refined and Copper Alloys, Unwrought in Spain
- Exports of Copper; Refined and Copper Alloys, Unwrought in Spain
Price for Copper; Refined and Copper Alloys, Unwrought in Spain (CIF) - 2022
The average import price for copper; refined and copper alloys, unwroughts stood at $9,087 per ton in 2022, approximately equating the previous year. Over the period under review, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.5% 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 +41.6% against 2018 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 53% against the previous year. As a result, import price reached the peak level of $9,218 per ton, and then reduced modestly 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 the UK ($18,089 per ton), while the price for France ($7,395 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Copper; Refined and Copper Alloys, Unwrought in Spain (FOB) - 2023
The average export price for copper; refined and copper alloys, unwroughts stood at $8,958 per ton in December 2023, remaining constant against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 when the average export price increased by 4.7% m-o-m. Over the period under review, the average export prices reached the maximum at $9,357 per ton in April 2023; however, from May 2023 to December 2023, the export prices failed to regain momentum.
Average prices varied somewhat for the major export markets. In December 2023, the highest price was recorded for prices to France ($11,384 per ton) and Italy ($8,918 per ton), while the average price for exports to Portugal ($7,603 per ton) and Germany ($8,377 per ton) were amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Copper; Refined and Copper Alloys, Unwrought in Spain
In 2022, the amount of copper; refined and copper alloys, unwroughts imported into Spain surged to 144K tons, with an increase of 40% compared with 2021. Overall, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +11.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +41.5% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of copper; refined and copper alloys, unwroughts skyrocketed to $1.3B in 2022. Over the period under review, imports recorded a significant expansion. The growth pace was the most rapid in 2021 with an increase of 54% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Copper; Refined and Copper Alloys, Unwrought in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | 206 | 176 | 343 | 729 | 52.4% |
| Chile | 211 | 212 | 362 | 303 | 12.8% |
| Russia | 9.8 | N/A | 1.8 | 64.1 | 87.0% |
| Zambia | 30.4 | 5.6 | 22.8 | 42.1 | 11.5% |
| Kazakhstan | 17.0 | N/A | N/A | 32.2 | 23.7% |
| Peru | N/A | N/A | N/A | 21.5 | 0% |
| Germany | 33.9 | 112 | 54.5 | 20.5 | -15.4% |
| France | 3.9 | 6.2 | 10.4 | 16.1 | 60.4% |
| Tanzania | 6.3 | 2.5 | 100 | 5.8 | -2.7% |
| South Africa | 33.8 | 23.3 | 22.8 | 4.1 | -50.5% |
| United Kingdom | 19.8 | 55.5 | 0.1 | N/A | -92.9% |
| Others | 35.3 | 24.6 | 30.7 | 74.6 | 28.3% |
| Total | 607 | 617 | 948 | 1,313 | 29.3% |
Top Suppliers of Copper; Refined and Copper Alloys, Unwrought to Spain in 2022:
- Democratic Republic of the Congo (81.6K tons)
- Chile (32.8K tons)
- Russia (6.5K tons)
- Zambia (4.8K tons)
- Kazakhstan (3.7K tons)
- Peru (2.3K tons)
- France (2.2K tons)
- Germany (2.1K tons)
- Tanzania (0.7K tons)
- South Africa (0.4K tons)
Exports of Copper; Refined and Copper Alloys, Unwrought in Spain
In 2022, shipments abroad of copper; refined and copper alloys, unwroughts decreased by -29.6% to 105K tons, falling for the second year in a row after two years of growth. Overall, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 18%. As a result, the exports attained the peak of 169K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of copper; refined and copper alloys, unwroughts dropped rapidly to $920M in 2022. Over the period under review, total exports indicated a modest increase from 2019 to 2022: its value increased at an average annual rate of +1.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 30%. As a result, the exports reached the peak of $1.4B, and then dropped notably in the following year.
| Export of Copper; Refined and Copper Alloys, Unwrought in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 366 | 365 | 525 | 307 | -5.7% |
| Egypt | 134 | 154 | 266 | 148 | 3.4% |
| Greece | 66.2 | 73.6 | 232 | 95.4 | 13.0% |
| Germany | 51.0 | 52.6 | 102 | 92.0 | 21.7% |
| Turkey | 39.0 | 0.7 | 2.2 | 50.6 | 9.1% |
| France | 22.8 | 41.3 | 38.9 | 39.2 | 19.8% |
| Portugal | 52.0 | 14.2 | 29.6 | 31.8 | -15.1% |
| Netherlands | 4.8 | 54.4 | 6.5 | 25.0 | 73.3% |
| United Kingdom | 15.2 | 23.5 | 13.5 | 15.7 | 1.1% |
| China | 13.3 | 194 | 22.9 | 3.3 | -37.2% |
| United Arab Emirates | 45.3 | 4.1 | 5.7 | 1.5 | -67.9% |
| Others | 65.4 | 60.0 | 106 | 110 | 18.9% |
| Total | 875 | 1,037 | 1,351 | 920 | 1.7% |
Top Export Markets for Copper; Refined and Copper Alloys, Unwrought from Spain in 2022:
- Italy (35.2K tons)
- Egypt (17.2K tons)
- Greece (11.1K tons)
- Germany (10.6K tons)
- Turkey (6.1K tons)
- Portugal (4.5K tons)
- France (3.8K tons)
- Netherlands (3.0K tons)
- United Kingdom (1.5K tons)
- China (0.4K tons)
- United Arab Emirates (0.2K tons)
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In April 2023, the price of Refined Copper stood at $9,381 per ton (FOB, Spain), with a 7% surge compared to the previous month.
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In April 2023, the price of Refined Copper stood at $9,381 per ton (FOB, Spain), with a 7% surge compared to the previous month.
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