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

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

In 2022, the average copper; refined, unwrought, wire-bars import price amounted to $11,567 per ton, rising by 14% against the previous year. In general, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper; refined, unwrought, wire-bars import price decreased by -4.9% against 2020 indices. The pace of growth was the most pronounced in 2017 when the average import price increased by 81% against the previous year. Over the period under review, average import prices hit record highs at $12,168 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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 Germany ($297,000 per ton), while the price for France ($9,756 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+43.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Copper; Refined, Unwrought, Wire-Bars in Luxembourg (FOB) - 2022

The average copper; refined, unwrought, wire-bars export price stood at $21,778 per ton in 2022, shrinking by -9.3% against the previous year. In general, the export price, however, posted strong growth. The most prominent rate of growth was recorded in 2019 an increase of 99% against the previous year. The export price peaked at $24,022 per ton in 2021, and then fell in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($49,129 per ton), while the average price for exports to Belgium stood at $10,766 per ton.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+83.8%).

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

In 2022, supplies from abroad of copper; refined, unwrought, wire-barses was finally on the rise to reach 5.3 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports showed a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, copper; refined, unwrought, wire-bars imports surged to $61K in 2022. Over the period under review, imports posted buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Copper; Refined, Unwrought, Wire-Bars in Luxembourg (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	1.6	15.8	20.6	49.3	213.5%
Belgium	N/A	N/A	N/A	11.1	0%
Germany	34.4	10.6	N/A	0.6	-74.1%
Others	0.2	N/A	N/A	0.4	26.0%
Total	36.1	26.5	20.6	61.3	19.3%

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

Germany (undefined tons)
France (5.0 tons)
Belgium (0.2 tons)

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

Copper; refined, unwrought, wire-bars exports from Luxembourg fell rapidly to 216 kg in 2022, declining by -41.6% compared with the year before. Over the period under review, exports recorded a significant contraction. The most prominent rate of growth was recorded in 2021 with an increase of 46% against the previous year.

In value terms, copper; refined, unwrought, wire-bars exports declined notably to $4.7K in 2022. In general, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2021 when exports increased by 150%. As a result, the exports reached the peak of $8.9K, and then reduced markedly in the following year.