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

Contents:

1. Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Denmark (CIF) - 2023
2. Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Denmark (FOB) - 2023
3. Imports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Denmark
4. Exports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Denmark

Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Denmark (CIF) - 2023

In December 2023, the average import price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses amounted to $13,737 per ton, surging by 8.5% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.2%. The most prominent rate of growth was recorded in April 2023 an increase of 11% month-to-month. As a result, import price reached the peak level of $13,780 per ton. From May 2023 to December 2023, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Turkey.

From December 2022 to December 2023, the rate of growth in terms of prices for Finland amounted to +0.9% per month.

Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Denmark (FOB) - 2023

The average export price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses stood at $13,899 per ton in December 2023, which is down by -9.7% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 when the average export price increased by 27% m-o-m. As a result, the export price reached the peak level of $19,654 per ton. From June 2023 to December 2023, the the average export prices failed to regain momentum.

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

From December 2022 to December 2023, the rate of growth in terms of prices for Sweden amounted to +2.0% per month.

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

Imports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses into Denmark rose sharply to 952 tons in 2022, picking up by 9.6% on the previous year's figure. The total import volume increased at an average annual rate of +1.1% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 12%. As a result, imports reached the peak of 1K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses soared to $12M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +17.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.3% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. Germany (330.4 tons)
2. Finland (188.1 tons)
3. Italy (187.7 tons)
4. Netherlands (82.8 tons)
5. Turkey (66.6 tons)
6. Poland (43.2 tons)
7. Austria (22.2 tons)
8. Bulgaria (8.4 tons)

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

Exports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses from Denmark skyrocketed to 356 tons in 2022, increasing by 83% compared with 2021 figures. Over the period under review, exports saw resilient 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 surged to $5.9M in 2022. In general, exports showed significant growth. As a result, the exports reached 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 Denmark in 2022:

1. Germany (112.2 tons)
2. Slovenia (93.1 tons)
3. Sweden (64.6 tons)
4. Norway (29.3 tons)
5. United States (18.6 tons)
6. Iceland (13.8 tons)
7. Poland (12.8 tons)

Source: IndexBox Market Intelligence Platform