Price for Copper; Refined, Unwrought, Billets in Vietnam - 2021

Contents:

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

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

In 2022, the average copper; refined, unwrought, billets export price amounted to $7,179 per ton, remaining constant against the previous year. Over the period under review, the export price showed a pronounced reduction. The pace of growth appeared the most rapid in 2020 when the average export price increased by 6.4%. Over the period under review, the average export prices attained the peak figure at $9,604 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was India ($7,142 per ton), while the average price for exports to China stood at $6,881 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (-3.1%).

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

The average copper; refined, unwrought, billets import price stood at $15,629 per ton in 2022, falling by -19.2% against the previous year. Overall, the import price, however, enjoyed buoyant growth. The growth pace was the most rapid in 2013 when the average import price increased by 122%. Over the period under review, average import prices reached the peak figure at $19,353 per ton in 2021, and then fell sharply in the following year.

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 Taiwan (Chinese) ($11,863 per ton), while the price for Japan ($742 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+11.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Copper; Refined, Unwrought, Billets in Vietnam

After three years of growth, overseas shipments of copper; refined, unwrought, billetses decreased by -19.6% to 2.7K tons in 2022. In general, exports, however, recorded significant growth. The growth pace was the most rapid in 2020 with an increase of 181%.

In value terms, copper; refined, unwrought, billets exports declined markedly to $19M in 2022. Overall, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 199% against the previous year.

Export of Copper; Refined, Unwrought, Billets in Vietnam (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China4.426.319.124.477.0%
India0.41.10.51.244.2%
ThailandN/AN/A3.2N/A0%
OthersN/A-13.01.0-6.5-29.3%
Total4.814.323.919.158.5%

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

  1. China (3.5K tons)
  2. India (0.2K tons)

Imports of Copper; Refined, Unwrought, Billets in Vietnam

In 2022, supplies from abroad of copper; refined, unwrought, billetses was finally on the rise to reach 515 kg after two years of decline. Overall, imports, however, saw a relatively flat trend pattern.

In value terms, copper; refined, unwrought, billets imports contracted markedly to $8K in 2022. In general, imports recorded a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 61%. As a result, imports reached the peak of $9.9K, and then declined rapidly in the following year.

Import of Copper; Refined, Unwrought, Billets in Vietnam (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Taiwan (Chinese)3,4773,5783,6503,7032.1%
South Korea23516511580.0-30.2%
Japan10169.047.032.0-31.8%
China19.018.016.014.0-9.7%
Others1,0322,3406,1004,22059.9%
Total4,8646,1709,9288,04918.3%

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

  1. Taiwan (Chinese) (312.0 kg)
  2. South Korea (75.0 kg)
  3. Japan (43.0 kg)
  4. China (14.0 kg)

Source: IndexBox Market Intelligence Platform

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