Price for Copper; Refined, Unwrought, Wire-Bars in Malaysia - 2021

Contents:

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

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

In 2022, the average copper; refined, unwrought, wire-bars import price amounted to $6,351 per ton, surging by 33% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2016 when the average import price increased by 44% against the previous year. As a result, import price reached the peak level of $6,672 per ton. From 2017 to 2022, the average import prices remained at a somewhat 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 Taiwan (Chinese) ($12,541 per ton), while the price for the United States ($2,833 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 Arab Emirates (+57.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average copper; refined, unwrought, wire-bars export price amounted to $8,640 per ton, shrinking by -5.6% against the previous year. Overall, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +8.8% 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 export price increased by +31.6% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the average export price increased by 58% against the previous year. The export price peaked at $9,150 per ton in 2021, and then contracted 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 Indonesia ($22,222 per ton), while the average price for exports to China ($7,347 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 China (+26.8%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, copper; refined, unwrought, wire-bars imports into Malaysia contracted rapidly to 35 tons, dropping by -48.7% against the previous year's figure. Over the period under review, imports faced a sharp descent. The most prominent rate of growth was recorded in 2021 with an increase of 168% against the previous year.

In value terms, copper; refined, unwrought, wire-bars imports declined significantly to $222K in 2022. Overall, imports faced a precipitous decline. The most prominent rate of growth was recorded in 2021 when imports increased by 174% against the previous year.

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

1. China (13.7 tons)
2. Australia (10.0 tons)
3. Singapore (2.9 tons)
4. Canada (2.5 tons)
5. United States (2.5 tons)
6. Taiwan (Chinese) (1.8 tons)
7. India (1.0 tons)

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

In 2022, the amount of copper; refined, unwrought, wire-barses exported from Malaysia fell notably to 702 tons, which is down by -37.2% on the previous year. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 305%. As a result, the exports attained the peak of 1.1K tons, and then dropped remarkably in the following year.

In value terms, copper; refined, unwrought, wire-bars exports contracted remarkably to $6.1M in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 439% against the previous year. As a result, the exports attained the peak of $10M, and then dropped remarkably in the following year.

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

1. China (590.9 tons)
2. Indonesia (55.8 tons)
3. Singapore (53.9 tons)

Source: IndexBox Market Intelligence Platform