Price for Copper; Refined, Unwrought, Billets in Japan - 2023
Contents:
- Price for Copper; Refined, Unwrought, Billets in Japan (FOB) - 2023
- Price for Copper; Refined, Unwrought, Billets in Japan (CIF) - 2023
- Exports of Copper; Refined, Unwrought, Billets in Japan
- Imports of Copper; Refined, Unwrought, Billets in Japan
Price for Copper; Refined, Unwrought, Billets in Japan (FOB) - 2023
In September 2023, the average copper; refined, unwrought, billets export price amounted to $8,773 per ton, surging by 3.5% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 an increase of 6.5% month-to-month. Over the period under review, the average export prices hit record highs at $9,662 per ton in February 2023; however, from March 2023 to September 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In September 2023, the countries with the highest prices were India ($10,399 per ton) and the United States ($9,974 per ton), while the average price for exports to China ($8,475 per ton) and Thailand ($8,476 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+0.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Copper; Refined, Unwrought, Billets in Japan (CIF) - 2023
In September 2023, the average copper; refined, unwrought, billets import price amounted to $8,794 per ton, increasing by 3% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in January 2023 an increase of 4.5% m-o-m. The import price peaked at $9,371 per ton in June 2023; however, from July 2023 to September 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was Germany ($8,839 per ton), while the price for South Korea stood at $8,559 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Germany (+0.8%).
Exports of Copper; Refined, Unwrought, Billets in Japan
In 2022, the amount of copper; refined, unwrought, billetses exported from Japan declined rapidly to 9.4K tons, waning by -21.4% on the previous year. In general, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 3.8% against the previous year.
In value terms, copper; refined, unwrought, billets exports contracted sharply to $86M in 2022. Over the period under review, total exports indicated a moderate expansion from 2019 to 2022: its value increased at an average annual rate of +2.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +14.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 52%. As a result, the exports attained the peak of $115M, and then fell remarkably in the following year.
| Export of Copper; Refined, Unwrought, Billets in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 45.7 | 43.6 | 75.3 | 61.8 | 10.6% |
| South Korea | 11.3 | 12.9 | 17.1 | 8.3 | -9.8% |
| China | 6.7 | 5.2 | 7.1 | 6.5 | -1.0% |
| United States | 8.7 | 7.8 | 7.4 | 5.7 | -13.1% |
| India | 5.4 | 3.6 | 4.7 | 2.7 | -20.6% |
| Others | 2.9 | 2.5 | 2.9 | 1.1 | -27.6% |
| Total | 80.8 | 75.5 | 115 | 86.1 | 2.1% |
Top Export Markets for Copper; Refined, Unwrought, Billets from Japan in 2022:
- Thailand (6.9K tons)
- South Korea (0.8K tons)
- China (0.7K tons)
- United States (0.6K tons)
- India (0.3K tons)
Imports of Copper; Refined, Unwrought, Billets in Japan
In 2022, approx. 1.6K tons of copper; refined, unwrought, billetses were imported into Japan; increasing by 427% compared with the year before. In general, imports saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 1,645%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, copper; refined, unwrought, billets imports soared to $15M in 2022. Over the period under review, imports saw significant growth. The growth pace was the most rapid in 2021 with an increase of 2,555%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.
| Import of Copper; Refined, Unwrought, Billets in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | 0.1 | 1.3 | 11.9 | 990.9% |
| South Korea | N/A | N/A | 1.5 | 3.3 | 120.0% |
| Finland | 2.9 | N/A | 0.1 | N/A | -81.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2.9 | 0.1 | 2.9 | 15.2 | 73.7% |
Top Suppliers of Copper; Refined, Unwrought, Billets to Japan in 2022:
- Germany (1220.5 tons)
- South Korea (359.6 tons)
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