Report Update: May 1, 2024

Singapore - Refined Copper - Market Analysis, Forecast, Size, Trends And Insights

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Refined Copper Price in Singapore - 2022

Refined Copper Price in Singapore (FOB) - 2022

The average refined copper export price stood at $8,616 per ton in 2022, growing by 2% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 50% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($13,452 per ton), while the average price for exports to the Philippines ($7,378 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 South Korea (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Refined Copper Price in Singapore (CIF) - 2022

In 2022, the average refined copper import price amounted to $8,536 per ton, shrinking by -8.8% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 38%. As a result, import price attained the peak level of $9,361 per ton, and then declined in the following year.

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 India ($11,533 per ton), while the price for China ($5,681 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Refined Copper Exports in Singapore

In 2022, the amount of refined copper (unwrought, not alloyed) exported from Singapore contracted significantly to 16K tons, declining by -44.1% on the previous year's figure. Over the period under review, exports showed a drastic downturn. The pace of growth was the most pronounced in 2021 with an increase of 318%. As a result, the exports attained the peak of 28K tons, and then contracted sharply in the following year.

In value terms, refined copper exports contracted dramatically to $135M in 2022. In general, exports, however, posted temperate growth. The growth pace was the most rapid in 2021 with an increase of 525%. As a result, the exports reached the peak of $236M, and then shrank notably in the following year.

Export of Refined Copper in Singapore (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	46.9	14.6	171	73.9	16.4%
Bangladesh	19.0	7.8	4.9	30.7	17.3%
Malaysia	15.3	4.1	21.7	14.9	-0.9%
Vietnam	N/A	N/A	13.6	10.4	-23.5%
Philippines	N/A	N/A	7.7	3.7	-51.9%
South Korea	6.5	2.9	0.3	0.5	-57.5%
Thailand	18.7	3.3	7.4	N/A	-37.1%
Others	16.2	5.1	9.8	0.8	-63.3%
Total	123	37.8	236	135	3.2%

Top Export Markets for Refined Copper from Singapore in 2022:

Thailand (undefinedK tons)
South Korea (undefinedK tons)
China (9.0K tons)
Bangladesh (3.2K tons)
Malaysia (1.6K tons)
Vietnam (1.2K tons)
Philippines (0.5K tons)

Refined Copper Imports in Singapore

In 2022, the amount of refined copper (unwrought, not alloyed) imported into Singapore plummeted to 14K tons, reducing by -39.9% on 2021. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 145% against the previous year. As a result, imports reached the peak of 22K tons, and then shrank remarkably in the following year.

In value terms, refined copper imports shrank remarkably to $115M in 2022. Over the period under review, imports, however, saw a strong increase. The growth pace was the most rapid in 2021 with an increase of 239%. As a result, imports reached the peak of $211M, and then shrank markedly in the following year.

Import of Refined Copper in Singapore (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Russia	N/A	22.9	7.5	49.8	47.5%
Chile	0.4	N/A	N/A	13.8	225.5%
Poland	8.6	1.3	4.2	13.0	14.8%
China	2.7	0.5	46.9	12.0	64.4%
Peru	0.3	N/A	N/A	8.0	198.8%
Indonesia	N/A	13.3	48.7	7.5	-24.9%
Australia	11.7	N/A	8.1	4.3	-28.4%
Zambia	31.2	10.2	1.0	N/A	-82.1%
Belgium	17.8	11.2	7.9	N/A	-33.4%
India	0.4	N/A	70.8	N/A	1230.4%
Others	5.9	2.8	15.4	7.1	6.4%
Total	79.0	62.2	211	115	13.3%

Top Suppliers of Refined Copper to Singapore in 2022:

India (undefinedK tons)
Russia (4.9K tons)
China (2.1K tons)
Poland (1.8K tons)
Chile (1.7K tons)
Peru (1.0K tons)
Indonesia (0.8K tons)
Australia (0.5K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the copper market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24441330 - Unwrought unalloyed refined copper (excluding rolled, e xtruded or forged sintered products)

Country coverage:

Singapore

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Singapore
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023