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

Contents:

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

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

The average copper; refined, unwrought, wire-bars export price stood at $7,424 per ton in 2022, shrinking by -17.4% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 65%. The export price peaked at $42,390 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Italy.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to 0.0% per year.

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

The average copper; refined, unwrought, wire-bars import price stood at $68,700 per ton in 2022, jumping by 72% against the previous year. Over the period under review, the import price posted a significant increase. The pace of growth appeared the most rapid in 2021 when the average import price increased by 939% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($76,419 per ton), while the price for Taiwan (Chinese) stood at $56,105 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+104.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

Copper; refined, unwrought, wire-bars exports from Spain contracted dramatically to 1 tons in 2022, which is down by -99.9% on 2021. Over the period under review, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 44,502,000% against the previous year. As a result, the exports attained the peak of 1.3K tons, and then contracted markedly in the following year.

In value terms, copper; refined, unwrought, wire-bars exports reduced markedly to $7.7K in 2022. In general, exports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 14,638,022%. As a result, the exports attained the peak of $12M, and then dropped sharply in the following year.

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

1. Italy (1.0 tons)

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

In 2022, purchases abroad of copper; refined, unwrought, wire-barses decreased by -66.9% to 50 kg, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a sharp setback. The growth pace was the most rapid in 2020 when imports increased by 10,663%. As a result, imports reached the peak of 98 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, copper; refined, unwrought, wire-bars imports declined rapidly to $3.4K in 2022. In general, imports, however, saw strong growth. The pace of growth was the most pronounced in 2020 when imports increased by 15,012%. As a result, imports attained the peak of $377K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

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

1. Turkey (31.0 kg)
2. Taiwan (Chinese) (19.0 kg)

Source: IndexBox Market Intelligence Platform