Price for Copper; Refined and Copper Alloys, Unwrought in the UK - 2024
Contents:
- Price for Copper; Refined and Copper Alloys, Unwrought in the UK (CIF) - 2024
- Price for Copper; Refined and Copper Alloys, Unwrought in the UK (FOB) - 2022
- Imports of Copper; Refined and Copper Alloys, Unwrought in the UK
- Exports of Copper; Refined and Copper Alloys, Unwrought in the UK
Price for Copper; Refined and Copper Alloys, Unwrought in the UK (CIF) - 2024
In December 2023, the average import price for copper; refined and copper alloys, unwroughts amounted to $8,780 per ton, remaining constant against the previous month. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2023 an increase of 7.8% against the previous month. The import price peaked at $9,301 per ton in March 2023; however, from April 2023 to December 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was France ($15,806 per ton), while the price for the Netherlands ($5,546 per ton) was amongst the lowest.
From January 2023 to December 2023, the most notable rate of growth in terms of prices was attained by Poland (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Copper; Refined and Copper Alloys, Unwrought in the UK (FOB) - 2022
In 2022, the average export price for copper; refined and copper alloys, unwroughts amounted to $8,965 per ton, increasing by 5.2% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 33% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($38,846 per ton), while the average price for exports to Malaysia ($4,898 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 (+18.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Copper; Refined and Copper Alloys, Unwrought in the UK
In 2022, approx. 21K tons of copper; refined and copper alloys, unwroughts were imported into the UK; shrinking by -24.7% compared with the previous year. In general, imports saw a drastic downturn. The pace of growth was the most pronounced in 2021 with an increase of 12% against the previous year.
In value terms, imports of copper; refined and copper alloys, unwroughts reduced remarkably to $192M in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 64% against the previous year. As a result, imports reached the peak of $250M, and then contracted dramatically in the following year.
| Import of Copper; Refined and Copper Alloys, Unwrought in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 52.6 | 95.8 | 194 | 132 | 35.9% |
| Spain | 1.8 | 28.9 | 3.8 | 16.1 | 107.6% |
| Netherlands | 83.3 | 2.2 | 13.6 | 15.0 | -43.5% |
| Germany | 14.2 | 12.2 | 4.1 | 10.1 | -10.7% |
| France | 4.5 | 4.4 | 18.5 | 4.0 | -3.9% |
| Congo | 10.0 | N/A | N/A | N/A | 0% |
| Others | 20.5 | 8.8 | 15.8 | 14.4 | -11.1% |
| Total | 187 | 152 | 250 | 192 | 0.9% |
Top Suppliers of Copper; Refined and Copper Alloys, Unwrought to the UK in 2022:
- Belgium (14.6K tons)
- Netherlands (2.2K tons)
- Spain (1.6K tons)
- Germany (0.9K tons)
- France (0.6K tons)
Exports of Copper; Refined and Copper Alloys, Unwrought in the UK
Exports of copper; refined and copper alloys, unwroughts from the UK soared to 5.3K tons in 2022, with an increase of 16% compared with the year before. Over the period under review, exports showed prominent growth. The growth pace was the most rapid in 2021 when exports increased by 92%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of copper; refined and copper alloys, unwroughts skyrocketed to $47M in 2022. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 115%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see steady growth in the near future.
| Export of Copper; Refined and Copper Alloys, Unwrought in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 13.5 | 5.4 | 21.7 | 25.2 | 23.1% |
| Denmark | N/A | N/A | 2.1 | 5.1 | 142.9% |
| Belgium | 1.1 | 1.1 | 2.1 | 2.9 | 38.1% |
| Sweden | N/A | N/A | 1.4 | 2.8 | 100.0% |
| France | 1.1 | 0.5 | 3.3 | 2.4 | 29.7% |
| Norway | 3.2 | 4.2 | 1.6 | 1.6 | -20.6% |
| Malaysia | 0.2 | 0.1 | N/A | 0.8 | 58.7% |
| Netherlands | 0.4 | 2.5 | 0.9 | 0.6 | 14.5% |
| China | 0.9 | 0.8 | 1.2 | 0.5 | -17.8% |
| Others | 2.8 | 3.3 | 4.0 | 5.3 | 23.7% |
| Total | 23.3 | 17.9 | 38.5 | 47.2 | 26.5% |
Top Export Markets for Copper; Refined and Copper Alloys, Unwrought from the UK in 2022:
- Germany (2995.7 tons)
- Denmark (531.6 tons)
- Belgium (439.0 tons)
- Sweden (311.8 tons)
- France (224.2 tons)
- Malaysia (164.5 tons)
- Norway (159.6 tons)
- China (68.0 tons)
- Netherlands (36.6 tons)
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