Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in the Philippines - 2023
Contents:
- Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in the Philippines (CIF) - 2023
- Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in the Philippines (FOB) - 2022
- Imports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in the Philippines
- Exports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in the Philippines
Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in the Philippines (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 $12,176 per ton, picking up by 19% against the previous month. In general, the import price, however, recorded a perceptible shrinkage. The most prominent rate of growth was recorded in March 2023 an increase of 60% m-o-m. The import price peaked at $15,507 per ton in December 2022; however, from January 2023 to December 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In December 2023, the countries with the highest prices were China ($14,944 per ton) and Malaysia ($13,709 per ton), while the price for South Korea ($11,103 per ton) and Japan ($12,787 per ton) were amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+20.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in the Philippines (FOB) - 2022
The average export price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses stood at $8,376 per ton in 2022, waning by -93.5% against the previous year. In general, the export price saw a noticeable descent. The most prominent rate of growth was recorded in 2021 an increase of 738%. As a result, the export price attained the peak level of $129,825 per ton, and then plummeted in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($141,889 per ton), while the average price for exports to South Korea amounted to $839 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+9.2%).
Imports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in the Philippines
In 2022, approx. 301 tons of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses were imported into the Philippines; reducing by -42.9% on the year before. In general, imports continue to indicate a precipitous slump. The smallest decline of -5% was in 2020.
In value terms, imports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses reduced remarkably to $3.8M in 2022. Overall, imports continue to indicate a sharp shrinkage. The smallest decline of -17.3% was in 2021.
| Import of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 0.1 | 1.6 | 3.1 | 2.9 | 207.2% |
| South Korea | N/A | 3.1 | 1.6 | 0.4 | -64.1% |
| Taiwan (Chinese) | 0.2 | N/A | 0.1 | 0.2 | 0.0% |
| China | 0.3 | 0.2 | 0.4 | 0.2 | -12.6% |
| Thailand | 0.1 | 0.1 | 0.3 | 0.2 | 26.0% |
| Hong Kong SAR | 12.0 | 3.2 | 1.1 | N/A | -69.7% |
| Germany | 0.7 | 0.2 | N/A | N/A | -71.4% |
| Singapore | 0.4 | 0.6 | 0.2 | N/A | -29.3% |
| Turkey | 0.9 | 0.6 | 1.1 | N/A | 10.6% |
| Others | 0.2 | N/A | 0.1 | N/A | -29.3% |
| Total | 14.9 | 9.6 | 7.9 | 3.8 | -36.6% |
Top Suppliers of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils to the Philippines in 2022:
- Japan (216.0 tons)
- South Korea (35.4 tons)
- Taiwan (Chinese) (21.2 tons)
- China (19.6 tons)
- Thailand (8.4 tons)
Exports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in the Philippines
In 2022, overseas shipments of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses were finally on the rise to reach 11 tons after two years of decline. In general, exports, however, continue to indicate a dramatic decline.
In value terms, exports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses rose sharply to $94K in 2022. Overall, exports, however, recorded a dramatic descent.
| Export of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 189 | 5.2 | 42.9 | 53.9 | -34.2% |
| South Korea | N/A | N/A | N/A | 9.0 | 0% |
| Japan | 1,448 | 702 | 6.9 | N/A | -93.1% |
| Others | 88.7 | 76.5 | 36.3 | 31.2 | -29.4% |
| Total | 1,726 | 784 | 86.1 | 94.1 | -62.1% |
Top Export Markets for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils from the Philippines in 2022:
- South Korea (10.7 tons)
- China (0.4 tons)
229
This report provides an in-depth analysis of the market for copper bars, wire and plates in the Philippines.
391
This report provides an in-depth analysis of the global market for copper bars, wire and plates.
