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

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

The average copper; refined, unwrought, billets import price stood at $9,812 per ton in August 2023, surging by 10% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +3.5%. The pace of growth was the most pronounced in September 2022 an increase of 24% m-o-m. The import price peaked in August 2023.

Average prices varied noticeably amongst the major supplying countries. In August 2023, the country with the highest price was Germany ($9,886 per ton), while the price for France ($9,282 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Austria (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper; Refined, Unwrought, Billets in Italy (FOB) - 2022

The average copper; refined, unwrought, billets export price stood at $10,919 per ton in 2022, reducing by -28.8% against the previous year. In general, the export price, however, recorded pronounced growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 198% against the previous year. As a result, the export price reached the peak level of $18,200 per ton. From 2019 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Germany.

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +2.7% per year.

Imports of Copper; Refined, Unwrought, Billets in Italy

In 2022, the amount of copper; refined, unwrought, billetses imported into Italy amounted to 30K tons, remaining stable against the previous year. Overall, imports, however, recorded a mild descent. The most prominent rate of growth was recorded in 2021 with an increase of 24% against the previous year.

In value terms, copper; refined, unwrought, billets imports fell slightly to $279M in 2022. In general, imports saw strong growth. The pace of growth was the most pronounced in 2021 with an increase of 91%. As a result, imports reached the peak of $286M, and then fell slightly in the following year.

Import of Copper; Refined, Unwrought, Billets in Italy (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Austria	68.8	63.5	143	118	19.7%
France	59.6	45.8	65.2	88.0	13.9%
Germany	46.2	28.4	69.3	72.4	16.2%
Poland	14.2	6.9	7.1	N/A	-29.3%
Others	7.3	5.5	1.8	1.1	-46.8%
Total	196	150	286	279	12.5%

Top Suppliers of Copper; Refined, Unwrought, Billets to Italy in 2022:

Austria (12.8K tons)
France (9.6K tons)
Germany (7.9K tons)

Exports of Copper; Refined, Unwrought, Billets in Italy

For the fourth consecutive year, Italy recorded growth in shipments abroad of copper; refined, unwrought, billetses, which increased by 14,327% to 486 tons in 2022. Overall, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, copper; refined, unwrought, billets exports soared to $5.3M in 2022. Over the period under review, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.