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

Contents:

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

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

The average copper; refined, unwrought, wire-bars export price stood at $9,485 per ton in 2022, falling by -48.1% against the previous year. Overall, the export price, however, recorded a modest increase. The pace of growth was the most pronounced in 2020 when the average export price increased by 110%. The export price peaked at $21,731 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($44,113 per ton), while the average price for exports to Germany ($7,475 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 Hong Kong SAR (+6.1%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, the average copper; refined, unwrought, wire-bars import price amounted to $31,790 per ton, increasing by 247% against the previous year. Overall, the import price continues to indicate a prominent expansion. Over the period under review, average import prices attained the maximum at $48,378 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($74,183 per ton), while the price for Ireland ($8,586 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Copper; Refined, Unwrought, Wire-Bars in the UK

Copper; refined, unwrought, wire-bars exports from the UK dropped to 6.8 tons in 2022, shrinking by -12.3% against the year before. Overall, exports faced a dramatic descent. The pace of growth appeared the most rapid in 2021 with an increase of 198%.

In value terms, copper; refined, unwrought, wire-bars exports dropped sharply to $64K in 2022. Over the period under review, exports continue to indicate a significant curtailment. The growth pace was the most rapid in 2021 when exports increased by 275%. As a result, the exports attained the peak of $141K, and then dropped markedly in the following year.

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

1. India (3.5 tons)
2. Germany (2.9 tons)
3. Ireland (0.2 tons)
4. United States (0.1 tons)

Imports of Copper; Refined, Unwrought, Wire-Bars in the UK

In 2022, copper; refined, unwrought, wire-bars imports into the UK shrank dramatically to 951 kg, falling by -22.8% against the year before. Overall, imports recorded a precipitous descent. The pace of growth appeared the most rapid in 2021 when imports increased by 91%.

In value terms, copper; refined, unwrought, wire-bars imports skyrocketed to $30K in 2022. In general, imports continue to indicate a precipitous decline.

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

1. France (336.0 kg)
2. Taiwan (Chinese) (282.0 kg)
3. Ireland (273.0 kg)
4. China (60.0 kg)

Source: IndexBox Market Intelligence Platform