Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Argentina - 2023

Contents:

1. Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Argentina (CIF) - 2022
2. Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Argentina (FOB) - 2022
3. Imports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Argentina
4. Exports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Argentina

Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Argentina (CIF) - 2022

The average import price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses stood at $11,428 per ton in 2022, with an increase of 3.5% against the previous year. Over the period under review, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses increased by +50.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 38%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Mexico ($11,944 per ton) and Turkey ($11,622 per ton), while the price for Germany ($11,116 per ton) and Brazil ($11,261 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Argentina (FOB) - 2022

In 2022, the average export price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses amounted to $22,191 per ton, surging by 22% against the previous year. In general, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses increased by +107.5% against 2019 indices. The growth pace was the most rapid in 2021 when the average export price increased by 35%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Uruguay ($23,823 per ton), while the average price for exports to Bolivia ($11,508 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 Uruguay (+6.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Argentina

For the third consecutive year, Argentina recorded decline in supplies from abroad of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses, which decreased by -19.1% to 354 tons in 2022. In general, imports showed a deep downturn. The smallest decline of -0.1% was in 2021.

In value terms, imports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses declined remarkably to $4M in 2022. Overall, imports continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 38% against the previous year. As a result, imports attained the peak of $4.8M, and then dropped notably in the following year.

Top Suppliers of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils to Argentina in 2022:

1. Brazil (255.4 tons)
2. Mexico (78.6 tons)
3. Germany (9.8 tons)
4. Turkey (7.1 tons)

Exports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Argentina

In 2022, the amount of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses exported from Argentina surged to 2.2 tons, with an increase of 83% compared with 2021. Over the period under review, exports enjoyed perceptible growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses soared to $49K in 2022. Overall, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils from Argentina in 2022:

1. Uruguay (1759.0 kg)
2. Bolivia (299.0 kg)
3. Paraguay (168.0 kg)

Source: IndexBox Market Intelligence Platform