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

Contents:

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

Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in the UK (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 $10,462 per ton, shrinking by -10.8% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in November 2023 an increase of 35% m-o-m. The import price peaked at $12,333 per ton in July 2023; however, from August 2023 to December 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was France ($36,843 per ton), while the price for China ($9,968 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by France (+11.6%), 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 the UK (FOB) - 2023

The average export price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses stood at $10,030 per ton in December 2023, jumping by 28% against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The export price peaked at $13,415 per ton in September 2023; however, from October 2023 to December 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In December 2023, the country with the highest price was the United Arab Emirates ($37,491 per ton), while the average price for exports to Bahrain ($6,230 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+9.0%), 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 the UK

In 2022, the amount of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses imported into the UK reduced dramatically to 3.8K tons, shrinking by -20.9% against 2021. Overall, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 23% against the previous year. As a result, imports attained the peak of 4.8K tons, and then fell sharply in the following year.

In value terms, imports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses contracted dramatically to $39M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +6.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +38.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 67% against the previous year. As a result, imports attained the peak of $48M, and then declined sharply in the following year.

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

1. Germany (1834.2 tons)
2. Finland (891.6 tons)
3. Bulgaria (396.7 tons)
4. Turkey (232.4 tons)
5. Italy (200.9 tons)
6. France (139.0 tons)

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

In 2022, the amount of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses exported from the UK reached 3.3K tons, picking up by 13% against the year before. In general, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +8.8% 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 +86.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 66%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses skyrocketed to $35M in 2022. Overall, exports enjoyed a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 102% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in years to come.

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

1. Hong Kong SAR (543.9 tons)
2. Saudi Arabia (391.8 tons)
3. United Arab Emirates (371.4 tons)
4. Qatar (362.1 tons)
5. Kuwait (263.1 tons)
6. Oman (185.4 tons)
7. Germany (177.4 tons)
8. Malaysia (100.1 tons)
9. Ireland (94.7 tons)
10. Malta (63.7 tons)
11. Netherlands (56.3 tons)
12. United States (53.8 tons)
13. Nigeria (49.8 tons)

Source: IndexBox Market Intelligence Platform