Price for Copper; Refined, Unwrought, Billets in Germany - 2023

Price for Copper; Refined, Unwrought, Billets in Germany (FOB) - 2023

In August 2023, the average copper; refined, unwrought, billets export price amounted to $10,838 per ton, growing by 18% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +2.3%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination: the country with the highest price was China ($27,055 per ton), while the average price for exports to South Korea ($8,623 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Copper; Refined, Unwrought, Billets in Germany (CIF) - 2023

The average copper; refined, unwrought, billets import price stood at $9,075 per ton in August 2023, remaining constant against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 when the average import price increased by 19% month-to-month. As a result, import price reached the peak level of $10,222 per ton. From February 2023 to August 2023, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In August 2023, the country with the highest price was Austria ($9,498 per ton), while the price for Vietnam stood at $8,922 per ton.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Austria (+0.5%).

Exports of Copper; Refined, Unwrought, Billets in Germany

In 2022, the amount of copper; refined, unwrought, billetses exported from Germany dropped sharply to 23K tons, with a decrease of -30.7% against 2021 figures. In general, exports saw a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 25% against the previous year. As a result, the exports attained the peak of 34K tons, and then declined rapidly in the following year.

In value terms, copper; refined, unwrought, billets exports dropped significantly to $218M in 2022. Overall, exports, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2021 when exports increased by 86% against the previous year. As a result, the exports attained the peak of $321M, and then shrank significantly in the following year.

Export of Copper; Refined, Unwrought, Billets in Germany (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Austria	93.0	86.7	168	110	5.8%
Italy	47.7	27.9	69.4	64.1	10.4%
France	12.2	9.5	10.8	16.1	9.7%
United States	14.5	12.2	17.7	13.2	-3.1%
Japan	N/A	0.1	2.4	10.3	914.9%
Others	11.1	35.9	53.1	4.6	-25.4%
Total	179	172	321	218	6.8%

Top Export Markets for Copper; Refined, Unwrought, Billets from Germany in 2022:

Austria (11.8K tons)
Italy (6.8K tons)
France (1.7K tons)
United States (1.4K tons)
Japan (1.1K tons)

Imports of Copper; Refined, Unwrought, Billets in Germany

For the fourth consecutive year, Germany recorded growth in supplies from abroad of copper; refined, unwrought, billetses, which increased by 54% to 9.5K tons in 2022. In general, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, copper; refined, unwrought, billets imports surged to $88M in 2022. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 87% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.