Price for Copper; Rivets, Cotters, Cotter-Pins and Similar Articles, Not Threaded in India - 2023

Contents:

1. Price for Copper; Rivets, Cotters, Cotter-Pins and Similar Articles, Not Threaded in India (FOB) - 2023
2. Price for Copper; Rivets, Cotters, Cotter-Pins and Similar Articles, Not Threaded in India (CIF) - 2022
3. Exports of Copper; Rivets, Cotters, Cotter-Pins and Similar Articles, Not Threaded in India
4. Imports of Copper; Rivets, Cotters, Cotter-Pins and Similar Articles, Not Threaded in India

Price for Copper; Rivets, Cotters, Cotter-Pins and Similar Articles, Not Threaded in India (FOB) - 2023

In November 2023, the average export price for copper; rivets, cotters, cotter-pins and similar articles, not threaded amounted to $16,170 per ton, with an increase of 22% against the previous month. In general, export price indicated buoyant growth from November 2022 to November 2023: its price increased at an average monthly rate of +6.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, export price for copper; rivets, cotters, cotter-pins and similar articles, not threaded increased by +22.2% against October 2023 indices. The growth pace was the most rapid in December 2022 an increase of 45% against the previous month. The export price peaked in November 2023.

Prices varied noticeably by the country of destination: the country with the highest price was France ($204K per ton), while the average price for exports to Bosnia and Herzegovina ($4,433 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+20.7%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Copper; Rivets, Cotters, Cotter-Pins and Similar Articles, Not Threaded in India (CIF) - 2022

In 2022, the average import price for copper; rivets, cotters, cotter-pins and similar articles, not threaded amounted to $18,342 per ton, declining by -14.8% against the previous year. Overall, the import price, however, enjoyed measured growth. The most prominent rate of growth was recorded in 2015 an increase of 54% against the previous year. The import price peaked at $32,904 per ton in 2019; however, from 2020 to 2022, import prices stood 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 the United States ($33,369 per ton), while the price for Sri Lanka ($8,492 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 States (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Copper; Rivets, Cotters, Cotter-Pins and Similar Articles, Not Threaded in India

In 2022, shipments abroad of copper; rivets, cotters, cotter-pins and similar articles, not threaded decreased by -30.2% to 732 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 83% against the previous year. As a result, the exports reached the peak of 1K tons, and then shrank dramatically in the following year.

In value terms, exports of copper; rivets, cotters, cotter-pins and similar articles, not threaded fell markedly to $8.9M in 2022. Overall, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 131%. As a result, the exports attained the peak of $11M, and then reduced sharply in the following year.

Top Export Markets for Copper; Rivets, Cotters, Cotter-Pins and Similar Articles, Not Threaded from India in 2022:

1. Thailand (338.4 tons)
2. United States (200.1 tons)
3. Germany (50.7 tons)
4. Russia (24.6 tons)
5. Italy (13.2 tons)
6. Algeria (11.7 tons)
7. Australia (10.9 tons)

Imports of Copper; Rivets, Cotters, Cotter-Pins and Similar Articles, Not Threaded in India

For the fourth consecutive year, India recorded growth in supplies from abroad of copper; rivets, cotters, cotter-pins and similar articles, not threaded, which increased by 50% to 175 tons in 2022. In general, imports enjoyed a significant increase. The growth pace was the most rapid in 2021 with an increase of 50%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, imports of copper; rivets, cotters, cotter-pins and similar articles, not threaded soared to $3.2M in 2022. Overall, imports recorded a prominent increase. The growth pace was the most rapid in 2021 with an increase of 55% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Top Suppliers of Copper; Rivets, Cotters, Cotter-Pins and Similar Articles, Not Threaded to India in 2022:

1. Sri Lanka (56.7 tons)
2. France (35.3 tons)
3. Germany (26.1 tons)
4. China (26.0 tons)
5. United States (9.1 tons)
6. Netherlands (7.7 tons)
7. Italy (4.0 tons)

Source: IndexBox Market Intelligence Platform