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

Contents:

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

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

The average import price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses stood at $10,494 per ton in November 2023, with a decrease of -4.5% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 when the average import price increased by 26% month-to-month. The import price peaked at $13,789 per ton in April 2023; however, from May 2023 to November 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($13,239 per ton), while the price for the Czech Republic ($73.0 per ton) was amongst the lowest.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Bulgaria (+4.0%), 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 Slovakia (FOB) - 2023

In November 2023, the average export price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses amounted to $12,018 per ton, approximately reflecting the previous month. In general, the export price, however, saw a modest increase. The most prominent rate of growth was recorded in July 2023 an increase of 23% m-o-m. As a result, the export price reached the peak level of $14,841 per ton. From August 2023 to November 2023, the the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In November 2023, the country with the highest price was Poland ($12,368 per ton), while the average price for exports to Croatia ($11,471 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+2.8%), 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 Slovakia

Imports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses into Slovakia soared to 2.9K tons in 2022, picking up by 84% on the year before. Overall, imports recorded buoyant growth. As a result, imports attained 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 skyrocketed to $30M in 2022. Over the period under review, imports showed a significant increase. 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 Slovakia in 2022:

1. Germany (1340.9 tons)
2. Finland (873.4 tons)
3. Italy (304.1 tons)
4. France (156.0 tons)
5. Bulgaria (111.7 tons)
6. Poland (67.4 tons)
7. Czech Republic (22.5 tons)

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

Exports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses from Slovakia rose significantly to 761 tons in 2022, picking up by 12% against the previous year. The total export volume increased at an average annual rate of +1.8% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. 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 expanded significantly to $8.4M in 2022. In general, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +14.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.5% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 25%. The exports peaked in 2022 and are expected to retain growth in years to come.

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

1. Poland (399.7 tons)
2. Czech Republic (135.2 tons)
3. Turkey (110.3 tons)
4. Austria (49.0 tons)
5. Slovenia (23.3 tons)
6. Hungary (22.1 tons)
7. Finland (16.0 tons)

Source: IndexBox Market Intelligence Platform