Price for Copper; Refined, Unwrought, Billets in the UK - 2023
Contents:
- Price for Copper; Refined, Unwrought, Billets in the UK (FOB) - 2022
- Price for Copper; Refined, Unwrought, Billets in the UK (CIF) - 2022
- Exports of Copper; Refined, Unwrought, Billets in the UK
- Imports of Copper; Refined, Unwrought, Billets in the UK
Price for Copper; Refined, Unwrought, Billets in the UK (FOB) - 2022
The average copper; refined, unwrought, billets export price stood at $11,008 per ton in 2022, surging by 28% against the previous year. In general, the export price recorded a slight increase. The most prominent rate of growth was recorded in 2016 an increase of 50% against the previous year. As a result, the export price attained the peak level of $19,487 per ton. From 2017 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($22,581 per ton), while the average price for exports to France ($3,461 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+37.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Copper; Refined, Unwrought, Billets in the UK (CIF) - 2022
In 2022, the average copper; refined, unwrought, billets import price amounted to $6,082 per ton, approximately mirroring the previous year. Overall, the import price, however, recorded a perceptible contraction. Over the period under review, average import prices hit record highs at $8,247 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 France ($6,272 per ton), while the price for Germany amounted to $2,484 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (-2.7%).
Exports of Copper; Refined, Unwrought, Billets in the UK
In 2022, after three years of growth, there was significant decline in overseas shipments of copper; refined, unwrought, billetses, when their volume decreased by -10.1% to 282 tons. Overall, exports, however, showed a significant increase. The growth pace was the most rapid in 2020 with an increase of 1,704% against the previous year.
In value terms, copper; refined, unwrought, billets exports skyrocketed to $3.1M in 2022. In general, exports, however, posted significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 1,484%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Copper; Refined, Unwrought, Billets in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 9.5 | 114 | 2,014 | 2,253 | 519.0% |
| France | 2.1 | 22.6 | 353 | 351 | 450.8% |
| Spain | 0.1 | 1.4 | 80.2 | 162 | 1074.5% |
| China | 2.9 | 22.9 | 44.4 | 135 | 259.7% |
| Italy | 0.1 | 1.5 | 87.9 | 85.0 | 847.3% |
| Others | 1.3 | 7.3 | 113 | 119 | 350.7% |
| Total | 16.0 | 170 | 2,692 | 3,105 | 479.0% |
Top Export Markets for Copper; Refined, Unwrought, Billets from the UK in 2022:
- Belgium (148.3 tons)
- France (101.5 tons)
- China (15.5 tons)
- Italy (7.7 tons)
- Spain (7.2 tons)
Imports of Copper; Refined, Unwrought, Billets in the UK
In 2022, purchases abroad of copper; refined, unwrought, billetses increased by 4% to 157 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a noticeable decline.
In value terms, copper; refined, unwrought, billets imports reached $955K in 2022. In general, imports, however, showed a pronounced downturn.
| Import of Copper; Refined, Unwrought, Billets in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 1,050 | 958 | 884 | 931 | -3.9% |
| Germany | 37.6 | 28.5 | 21.9 | 19.2 | -20.1% |
| Others | 2.9 | 11.0 | 7.2 | 4.7 | 17.5% |
| Total | 1,090 | 998 | 913 | 955 | -4.3% |
Top Suppliers of Copper; Refined, Unwrought, Billets to the UK in 2022:
- France (148.5 tons)
- Germany (7.7 tons)
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