Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Russia - 2022

Contents:

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

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

In 2022, the average import price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses amounted to $15,179 per ton, with an increase of 35% against the previous year. Overall, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +4.7% 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 +94.2% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($25,723 per ton), while the price for Serbia ($11,108 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+3.9%), 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 Russia (FOB) - 2022

The average export price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses stood at $11,083 per ton in 2022, picking up by 2.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2021 an increase of 34%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($15,097 per ton), while the average price for exports to Italy ($9,841 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 Uzbekistan (+32.6%), 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 Russia

For the third year in a row, Russia recorded decline in purchases abroad of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses, which decreased by -64.3% to 219 tons in 2022. In general, imports continue to indicate a sharp shrinkage. The smallest decline of -10% was in 2021.

In value terms, imports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses shrank dramatically to $3.3M in 2022. Over the period under review, imports showed a sharp shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 19% against the previous year.

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

1. Finland (109.2 tons)
2. Serbia (46.6 tons)
3. China (34.4 tons)
4. Poland (13.4 tons)
5. Germany (13.3 tons)

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

After three years of growth, overseas shipments of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses decreased by -58.2% to 66 tons in 2022. In general, exports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2021 when exports increased by 15%. As a result, the exports reached the peak of 158 tons, and then fell markedly in the following year.

In value terms, exports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses dropped dramatically to $730K in 2022. Overall, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 54%. As a result, the exports reached the peak of $1.7M, and then dropped significantly in the following year.

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

1. Kazakhstan (21.8 tons)
2. Italy (20.3 tons)
3. Romania (14.1 tons)
4. Ukraine (3.9 tons)
5. Uzbekistan (2.2 tons)
6. Bulgaria (2.2 tons)
7. Georgia (0.1 tons)

Source: IndexBox Market Intelligence Platform