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

Contents:

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

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

The average import price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses stood at $9,565 per ton in 2022, dropping by -3.4% against the previous year. In general, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.4% 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 +43.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 48%. As a result, import price reached the peak level of $9,897 per ton, and then contracted in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were France ($11,138 per ton) and Turkey ($10,622 per ton), while the price for Germany ($9,286 per ton) and Finland ($10,180 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.5%), 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 Italy (FOB) - 2023

In December 2023, the average export price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses amounted to $10,579 per ton, approximately equating the previous month. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 7.7% against the previous month. As a result, the export price reached the peak level of $11,232 per ton. From May 2023 to December 2023, the the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In December 2023, the countries with the highest prices were the UK ($13,512 per ton) and the United States ($12,513 per ton), while the average price for exports to Switzerland ($11,219 per ton) and Albania ($11,763 per ton) were amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+2.6%), 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 Italy

Imports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses into Italy soared to 48K tons in 2022, picking up by 19% on 2021. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +10.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.4% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 26%. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, imports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses surged to $464M in 2022. Overall, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 87%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

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

1. Germany (31.7K tons)
2. Bulgaria (7.3K tons)
3. Turkey (2.8K tons)
4. Finland (2.2K tons)
5. Serbia (1.2K tons)
6. France (1.1K tons)
7. Belgium (0.7K tons)
8. Austria (0.6K tons)

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

In 2022, approx. 13K tons of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses were exported from Italy; surging by 5% on 2021 figures. Over the period under review, exports, however, recorded a abrupt decrease. The growth pace was the most rapid in 2021 when exports increased by 6%.

In value terms, exports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses expanded slightly to $129M in 2022. In general, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +6.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.4% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 52%. The exports peaked in 2022 and are expected to retain growth in the near future.

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

1. Switzerland (3801.1 tons)
2. France (2428.4 tons)
3. Germany (1967.5 tons)
4. Austria (987.1 tons)
5. Czech Republic (518.7 tons)
6. Canada (414.8 tons)
7. Slovakia (339.5 tons)
8. Slovenia (324.0 tons)
9. Belgium (318.2 tons)
10. Poland (274.0 tons)
11. Spain (269.1 tons)
12. United Kingdom (219.9 tons)
13. United States (198.0 tons)

Source: IndexBox Market Intelligence Platform