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

Contents:

1. Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Greece (CIF) - 2023
2. Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Greece (FOB) - 2022
3. Imports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Greece
4. Exports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Greece

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

The average import price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses stood at $12,909 per ton in December 2023, standing approximately at the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2023 when the average import price increased by 50% month-to-month. The import price peaked at $15,373 per ton in July 2023; however, from August 2023 to December 2023, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In December 2023, the country with the highest price was Bulgaria ($13,016 per ton), while the price for the UK stood at $11,939 per ton.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the UK (+1.6%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses stood at $11,023 per ton in 2022, rising by 35% against the previous year. In general, the export price continues to indicate strong growth. The most prominent rate of growth was recorded in 2017 an increase of 98%. The export price peaked at $11,532 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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 Cyprus ($18,768 per ton), while the average price for exports to Germany ($6,280 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 Cyprus (+15.6%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, approx. 8.2K tons of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses were imported into Greece; increasing by 671% against 2021 figures. Over the period under review, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses soared to $58M in 2022. In general, imports continue to indicate a significant expansion. As a result, imports reached 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 Greece in 2022:

1. Netherlands (6.5K tons)
2. Bulgaria (1.0K tons)
3. Germany (0.7K tons)

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

For the fourth consecutive year, Greece recorded growth in overseas shipments of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses, which increased by 540% to 45 tons in 2022. Over the period under review, exports posted a significant increase. 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 skyrocketed to $491K in 2022. Overall, exports continue to indicate 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 Greece in 2022:

1. Germany (22.2 tons)
2. Singapore (18.1 tons)
3. Cyprus (3.0 tons)
4. Romania (1.3 tons)

Source: IndexBox Market Intelligence Platform