Price for Copper; Refined, Unwrought, Wire-Bars in Italy - 2023

Contents:

1. Price for Copper; Refined, Unwrought, Wire-Bars in Italy (FOB) - 2023
2. Price for Copper; Refined, Unwrought, Wire-Bars in Italy (CIF) - 2022
3. Exports of Copper; Refined, Unwrought, Wire-Bars in Italy
4. Imports of Copper; Refined, Unwrought, Wire-Bars in Italy

Price for Copper; Refined, Unwrought, Wire-Bars in Italy (FOB) - 2023

The average copper; refined, unwrought, wire-bars export price stood at $9,093 per ton in July 2023, dropping by -3.9% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in April 2023 an increase of 67% against the previous month. As a result, the export price attained the peak level of $16,147 per ton. From May 2023 to July 2023, the the average export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In July 2023, the country with the highest price was Romania ($12,978 per ton), while the average price for exports to Spain totaled $8,902 per ton.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+0.3%).

Price for Copper; Refined, Unwrought, Wire-Bars in Italy (CIF) - 2022

The average copper; refined, unwrought, wire-bars import price stood at $18,291 per ton in 2022, reducing by -28.9% against the previous year. In general, the import price, however, continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by 220%. As a result, import price reached the peak level of $25,738 per ton, and then reduced notably 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 China ($56,638 per ton), while the price for Germany ($12,952 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+35.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Copper; Refined, Unwrought, Wire-Bars in Italy

In 2022, approx. 677 tons of copper; refined, unwrought, wire-barses were exported from Italy; falling by -30.2% compared with the previous year. Overall, exports faced a deep slump. The growth pace was the most rapid in 2021 with an increase of 3.8% against the previous year.

In value terms, copper; refined, unwrought, wire-bars exports fell dramatically to $6.3M in 2022. In general, total exports indicated slight growth from 2019 to 2022: its value increased at an average annual rate of +1.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +9.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 53% against the previous year. As a result, the exports attained the peak of $8.9M, and then fell rapidly in the following year.

Top Export Markets for Copper; Refined, Unwrought, Wire-Bars from Italy in 2022:

1. Spain (608.1 tons)
2. Romania (57.5 tons)
3. Tunisia (11.1 tons)

Imports of Copper; Refined, Unwrought, Wire-Bars in Italy

For the third consecutive year, Italy recorded decline in supplies from abroad of copper; refined, unwrought, wire-barses, which decreased by -53.6% to 1.6 tons in 2022. Over the period under review, imports continue to indicate a sharp setback.

In value terms, copper; refined, unwrought, wire-bars imports fell markedly to $30K in 2022. Overall, imports recorded a precipitous curtailment. The smallest decline of -41.9% was in 2021.

Top Suppliers of Copper; Refined, Unwrought, Wire-Bars to Italy in 2022:

1. Germany (1120.0 kg)
2. Denmark (284.0 kg)
3. China (94.0 kg)
4. Slovenia (70.0 kg)
5. Austria (55.0 kg)

Source: IndexBox Market Intelligence Platform