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

Contents:

  1. Price for Copper; Refined, Unwrought, Billets in Norway (FOB) - 2022
  2. Price for Copper; Refined, Unwrought, Billets in Norway (CIF) - 2022
  3. Exports of Copper; Refined, Unwrought, Billets in Norway
  4. Imports of Copper; Refined, Unwrought, Billets in Norway

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

The average copper; refined, unwrought, billets export price stood at $5,508 per ton in 2021, growing by 43% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices reached the peak figure at $5,638 per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

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

From 2016 to 2021, the rate of growth in terms of prices for Germany amounted to -27.2% per year.

Price for Copper; Refined, Unwrought, Billets in Norway (CIF) - 2022

In 2022, the average copper; refined, unwrought, billets import price amounted to $5,886 per ton, shrinking by -14.5% against the previous year. In general, the import price showed a pronounced downturn. The pace of growth appeared the most rapid in 2018 an increase of 149% against the previous year. Over the period under review, average import prices reached the maximum at $9,428 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($60,350 per ton), while the price for the Netherlands ($626 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (-5.3%), while the prices for the other major suppliers experienced a decline.

Exports of Copper; Refined, Unwrought, Billets in Norway

In 2022, shipments abroad of copper; refined, unwrought, billetses was finally on the rise to reach 336 kg after two years of decline. Over the period under review, exports, however, saw a sharp contraction.

In value terms, copper; refined, unwrought, billets exports reduced to $1.6K in 2022. Overall, exports, however, recorded a sharp setback. The growth pace was the most rapid in 2021 when exports increased by 28%.

Export of Copper; Refined, Unwrought, Billets in Norway (Thousand USD)
COUNTRY20202021CAGR,
2020-2021
TurkeyN/A1.70%
Sweden1.4N/A0%
OthersN/AN/A0%
Total1.41.721.4%

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

  1. Turkey (317.0 kg)

Imports of Copper; Refined, Unwrought, Billets in Norway

In 2022, copper; refined, unwrought, billets imports into Norway surged to 892 kg, picking up by 37% compared with the previous year. Over the period under review, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 205%. As a result, imports attained the peak of 1.1 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, copper; refined, unwrought, billets imports soared to $5.2K in 2022. In general, imports recorded a significant increase. The growth pace was the most rapid in 2020 with an increase of 190%. As a result, imports attained the peak of $6K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Copper; Refined, Unwrought, Billets in Norway (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany6723,6842,6423,24369.0%
Denmark2291,6001,1531,41583.5%
Sweden62.031020322754.1%
Netherlands73.033019419438.5%
United States21.092.053.052.035.3%
Others1,0201.0232116-51.6%
Total2,0776,0174,4775,24736.2%

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

  1. Germany (567.0 kg)
  2. Netherlands (311.0 kg)
  3. Sweden (75.0 kg)
  4. United States (40.0 kg)
  5. Denmark (23.0 kg)

Source: IndexBox Market Intelligence Platform

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