Price for Copper; Refined, Unwrought, Billets in China - 2023
Contents:
- Price for Copper; Refined, Unwrought, Billets in China (CIF) - 2023
- Price for Copper; Refined, Unwrought, Billets in China (FOB) - 2022
- Imports of Copper; Refined, Unwrought, Billets in China
- Exports of Copper; Refined, Unwrought, Billets in China
Price for Copper; Refined, Unwrought, Billets in China (CIF) - 2023
The average copper; refined, unwrought, billets import price stood at $9,297 per ton in September 2023, surging by 8.8% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.6%. The most prominent rate of growth was recorded in February 2023 an increase of 9.1% against the previous month. Over the period under review, average import prices hit record highs in September 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($29,487 per ton), while the price for the United Arab Emirates ($7,806 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Germany (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Copper; Refined, Unwrought, Billets in China (FOB) - 2022
The average copper; refined, unwrought, billets export price stood at $4,480 per ton in 2022, increasing by 71% against the previous year. Over the period under review, the export price, however, showed a deep contraction. The export price peaked at $8,799 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($7,529 per ton), while the average price for exports to Qatar ($4,849 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 Indonesia (+4.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Copper; Refined, Unwrought, Billets in China
After three years of growth, supplies from abroad of copper; refined, unwrought, billetses decreased by -3.4% to 49K tons in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +17.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 37% against the previous year.
In value terms, copper; refined, unwrought, billets imports contracted to $435M in 2022. In general, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 76%. As a result, imports reached the peak of $444M, and then fell slightly in the following year.
| Import of Copper; Refined, Unwrought, Billets in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Pakistan | 108 | 33.5 | 119 | 182 | 19.0% |
| Turkey | 9.3 | 50.0 | 66.5 | 64.8 | 91.0% |
| India | 2.9 | 46.1 | 132 | 52.3 | 162.2% |
| Qatar | N/A | N/A | 4.2 | 28.2 | 571.4% |
| Thailand | 1.0 | 12.6 | 2.7 | 21.3 | 177.2% |
| Malaysia | N/A | 8.8 | 1.2 | 12.2 | 17.7% |
| United Arab Emirates | N/A | 13.0 | 19.8 | 11.2 | -7.2% |
| Japan | 6.4 | 7.3 | 16.5 | 8.5 | 9.9% |
| Vietnam | 4.7 | 42.1 | 19.1 | 5.7 | 6.6% |
| South Africa | 19.4 | 8.4 | 10.7 | 3.2 | -45.2% |
| Others | 23.8 | 30.2 | 52.6 | 45.1 | 23.7% |
| Total | 175 | 252 | 444 | 435 | 35.5% |
Top Suppliers of Copper; Refined, Unwrought, Billets to China in 2022:
- Pakistan (20.5K tons)
- Turkey (7.6K tons)
- India (5.7K tons)
- Qatar (3.2K tons)
- Thailand (2.7K tons)
- United Arab Emirates (1.3K tons)
- Malaysia (1.3K tons)
- Japan (0.9K tons)
- Vietnam (0.6K tons)
- South Africa (0.4K tons)
Exports of Copper; Refined, Unwrought, Billets in China
After three years of growth, overseas shipments of copper; refined, unwrought, billetses decreased by -0.4% to 32 tons in 2022. In general, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 254% against the previous year.
In value terms, copper; refined, unwrought, billets exports surged to $143K in 2022. Over the period under review, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 454%. As a result, the exports attained the peak of $202K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Copper; Refined, Unwrought, Billets in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 0.7 | 0.2 | N/A | 93.6 | 411.4% |
| India | N/A | N/A | N/A | 34.0 | 0% |
| Qatar | N/A | N/A | N/A | 3.3 | 0% |
| Italy | N/A | N/A | N/A | 3.0 | 0% |
| Thailand | 19.8 | 150 | N/A | N/A | 657.6% |
| Germany | N/A | N/A | 25.0 | N/A | 0% |
| Democratic Republic of the Congo | 8.8 | N/A | N/A | N/A | 0% |
| Cambodia | N/A | N/A | 3.6 | N/A | 0% |
| United Arab Emirates | N/A | 47.8 | N/A | N/A | 0% |
| Others | 7.2 | 4.7 | 55.8 | 9.3 | 8.9% |
| Total | 36.5 | 202 | 84.3 | 143 | 57.6% |
Top Export Markets for Copper; Refined, Unwrought, Billets from China in 2022:
- South Korea (14.8 tons)
- India (4.5 tons)
- Qatar (0.7 tons)
- Italy (0.5 tons)
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In value terms, refined copper imports dropped to $2.2B in February 2023
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In September 2022, the refined copper price stood at $7,983 per ton (CIF, China), flattening at the previous month.
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Explore the top import markets for copper, including China, the United States, Germany, Italy, and more. Learn about their import values and the role of copper in various industries.
2321
Global refined copper imports amounted to X tons in 2016, declining by -X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to X>
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In value terms, refined copper imports dropped to $2.2B in February 2023
579
In September 2022, the refined copper price stood at $7,983 per ton (CIF, China), flattening at the previous month.
243
Explore the top import markets for copper, including China, the United States, Germany, Italy, and more. Learn about their import values and the role of copper in various industries.
2321
Global refined copper imports amounted to X tons in 2016, declining by -X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to X>
