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

Contents:

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

Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Ireland (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 $12,797 per ton, surging by 4.8% against the previous month. Over the period under review, the import price showed a mild increase. The pace of growth appeared the most rapid in May 2023 an increase of 20% month-to-month. As a result, import price reached the peak level of $14,036 per ton. From June 2023 to December 2023, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($14,755 per ton), while the price for India ($9,648 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by India (+4.1%), 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 Ireland (FOB) - 2022

In 2022, the average export price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses amounted to $43,322 per ton, with an increase of 269% against the previous year. Over the period under review, the export price enjoyed a remarkable increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Italy ($87,500 per ton), while the average price for exports to the UK ($5,682 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 (+19.3%), 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 Ireland

In 2022, overseas purchases of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses decreased by -3% to 345 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 142% against the previous year. As a result, imports reached the peak of 356 tons, and then declined modestly in the following year.

In value terms, imports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses contracted markedly to $2.3M in 2022. Over the period under review, imports, however, saw significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 139%. As a result, imports reached the peak of $3M, and then contracted remarkably in the following year.

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

1. United Kingdom (186.4 tons)
2. Finland (74.3 tons)
3. Germany (37.1 tons)
4. United States (25.3 tons)
5. India (9.8 tons)

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

In 2022, shipments abroad of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses decreased by -90.3% to 481 kg, falling for the second consecutive year after two years of growth. Overall, exports saw a precipitous decline. The most prominent rate of growth was recorded in 2020 with an increase of 440% against the previous year. As a result, the exports attained the peak of 7.3 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses shrank notably to $21K in 2022. Over the period under review, exports, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 272%.

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

1. Hong Kong SAR (329.0 kg)
2. Spain (55.0 kg)
3. Germany (44.0 kg)
4. United Kingdom (22.0 kg)
5. Slovakia (16.0 kg)
6. Italy (12.0 kg)

Source: IndexBox Market Intelligence Platform