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

Contents:

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

Price for Copper; Refined and Copper Alloys, Unwrought in the Netherlands (FOB) - 2023

In December 2023, the average export price for copper; refined and copper alloys, unwroughts amounted to $7,844 per ton, falling by -4.1% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in April 2023 an increase of 7.3% month-to-month. The export price peaked at $9,565 per ton in May 2023; however, from June 2023 to December 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was Italy ($10,145 per ton), while the average price for exports to the UK ($6,108 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for copper; refined and copper alloys, unwroughts stood at $9,046 per ton in 2022, reducing by -2% against the previous year. Overall, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.4% 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 +53.9% against 2019 indices. The pace of growth appeared the most rapid in 2021 an increase of 50%. As a result, import price attained the peak level of $9,230 per ton, and then fell in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Russia ($9,208 per ton) and Chile ($8,948 per ton), while the price for Belgium ($7,281 per ton) and Finland ($7,433 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Copper; Refined and Copper Alloys, Unwrought in the Netherlands

For the fourth consecutive year, the Netherlands recorded growth in shipments abroad of copper; refined and copper alloys, unwroughts, which increased by 33% to 289K tons in 2022. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 69% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, exports of copper; refined and copper alloys, unwroughts surged to $2.6B in 2022. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 71%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

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

1. Germany (146.1K tons)
2. Belgium (37.9K tons)
3. Italy (25.0K tons)
4. China (24.1K tons)
5. France (22.5K tons)
6. Greece (14.1K tons)
7. Austria (12.5K tons)
8. United Kingdom (1.7K tons)

Imports of Copper; Refined and Copper Alloys, Unwrought in the Netherlands

For the fourth consecutive year, the Netherlands recorded growth in overseas purchases of copper; refined and copper alloys, unwroughts, which increased by 14% to 234K tons in 2022. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 103% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of copper; refined and copper alloys, unwroughts expanded rapidly to $2.1B in 2022. Overall, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 112% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the near future.

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

1. Russia (158.3K tons)
2. Democratic Republic of the Congo (26.3K tons)
3. Chile (23.8K tons)
4. Germany (5.9K tons)
5. Norway (3.6K tons)
6. Finland (2.5K tons)
7. Sweden (2.0K tons)
8. Belgium (1.9K tons)

Source: IndexBox Market Intelligence Platform