Price for Copper; Refined, Unwrought, Billets in Singapore - 2022

Contents:

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

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

In 2022, the average copper; refined, unwrought, billets import price amounted to $24,326 per ton, remaining relatively unchanged against the previous year. Overall, the import price continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2013 when the average import price increased by 102%. The import price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($73,634 per ton), while the price for Taiwan (Chinese) ($1,073 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+17.2%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average copper; refined, unwrought, billets export price amounted to $9,348 per ton, leveling off at the previous year. Over the period under review, the export price, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2018 an increase of 20%. Over the period under review, the average export prices reached the peak figure at $12,908 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to +0.7% per year.

Imports of Copper; Refined, Unwrought, Billets in Singapore

In 2022, approx. 18 tons of copper; refined, unwrought, billetses were imported into Singapore; with an increase of 840% against the previous year's figure. Overall, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, copper; refined, unwrought, billets imports skyrocketed to $437K in 2022. In general, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. United States (0.3 tons)
2. Thailand (0.1 tons)

Exports of Copper; Refined, Unwrought, Billets in Singapore

In 2022, approx. 26 tons of copper; refined, unwrought, billetses were exported from Singapore; with an increase of 3.1% compared with 2021 figures. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 69% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, copper; refined, unwrought, billets exports amounted to $246K in 2022. Over the period under review, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +24.4% 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 +92.4% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 36% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

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

1. Indonesia (1.1 tons)

Source: IndexBox Market Intelligence Platform