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

Contents:

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

Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in the Netherlands (FOB) - 2023

The average export price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses stood at $13,119 per ton in December 2023, surging by 40% against the previous month. In general, export price indicated modest growth from December 2022 to December 2023: its price increased at an average monthly rate of +1.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, export price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses increased by +5.0% against August 2023 indices. The most prominent rate of growth was recorded in August 2023 an increase of 62% against the previous month. Over the period under review, the average export prices reached the peak figure in December 2023.

Average prices varied somewhat for the major external markets. In December 2023, the highest price was recorded for prices to the UK ($17,010 per ton) and Qatar ($15,344 per ton), while the average price for exports to the United States ($12,782 per ton) and Saudi Arabia ($13,213 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 (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in the Netherlands (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 $12,143 per ton, therefore, remained relatively stable against the previous month. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 7.9% month-to-month. Over the period under review, average import prices hit record highs at $12,439 per ton in July 2023; however, from August 2023 to December 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the UK ($10,487 per ton), while the price for China totaled $6,501 per ton.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Spain (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, exports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses from the Netherlands surged to 1.7K tons, growing by 35% compared with the previous year. The total export volume increased at an average annual rate of +9.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained 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 surged to $16M in 2022. Over the period under review, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2021 with an increase of 48%. Over the period under review, the exports of reached the maximum 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 the Netherlands in 2022:

1. Germany (868.2 tons)
2. Portugal (324.6 tons)
3. France (153.3 tons)
4. Italy (54.5 tons)
5. United States (40.3 tons)
6. Poland (33.2 tons)
7. Romania (28.7 tons)
8. Belgium (25.2 tons)
9. Slovakia (23.5 tons)

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

Imports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses into the Netherlands contracted rapidly to 1.2K tons in 2022, reducing by -91.3% on the previous year's figure. Over the period under review, imports saw a sharp curtailment. The smallest decline of -4.5% was in 2021.

In value terms, imports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses shrank rapidly to $13M in 2022. In general, imports saw a precipitous curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 41% against the previous year. As a result, imports reached the peak of $124M, and then shrank remarkably in the following year.

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

1. Germany (550.3 tons)
2. Spain (195.3 tons)
3. Italy (168.2 tons)
4. Belgium (91.3 tons)
5. Bulgaria (45.4 tons)
6. United Kingdom (42.3 tons)
7. Switzerland (18.6 tons)

Source: IndexBox Market Intelligence Platform