Sulphates; of Copper Price in the Philippines - 2023
Contents:
- Sulphates; of Copper Price in the Philippines (CIF) - 2022
- Sulphates; of Copper Price in the Philippines (FOB) - 2021
- Sulphates; of Copper Imports in the Philippines
- Sulphates; of Copper Exports in the Philippines
Sulphates; of Copper Price in the Philippines (CIF) - 2022
In 2022, the average sulphates; of copper import price amounted to $2,819 per ton, picking up by 12% against the previous year. Overall, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphates; of copper import price increased by +51.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 35% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($4,075 per ton), while the price for Taiwan (Chinese) ($2,640 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Sulphates; of Copper Price in the Philippines (FOB) - 2021
The average sulphates; of copper export price stood at $5,705 per ton in July 2021, picking up by 23% against the previous month. Over the period under review, the export price, however, continues to indicate a sharp reduction. The growth pace was the most rapid in October 2020 when the average export price increased by 28% m-o-m. The export price peaked at $90,270 per ton in July 2020; however, from August 2020 to July 2021, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Japan.
From July 2020 to July 2021, the rate of growth in terms of prices for Japan amounted to -20.6% per month.
Sulphates; of Copper Imports in the Philippines
In 2022, purchases abroad of sulphates; of coppers was finally on the rise to reach 3.4K tons after two years of decline. The total import volume increased at an average annual rate of +1.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, sulphates; of copper imports skyrocketed to $9.6M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +13.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.2% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Sulphates; of Copper in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 3,487 | 2,443 | 3,120 | 5,514 | 16.5% |
| Russia | 1,056 | 1,577 | 628 | 2,392 | 31.3% |
| China | 470 | 305 | 500 | 697 | 14.0% |
| Japan | 34.3 | 79.3 | 227 | 485 | 141.8% |
| Thailand | 196 | 136 | 186 | 284 | 13.2% |
| Malaysia | 43.0 | 54.2 | 73.7 | 181 | 61.5% |
| Switzerland | 495 | 528 | 607 | N/A | 10.7% |
| Mexico | 178 | 37.1 | 156 | N/A | -6.4% |
| Canada | 197 | 211 | 136 | N/A | -16.9% |
| Others | 356 | 308 | 169 | 55.4 | -46.2% |
| Total | 6,513 | 5,678 | 5,803 | 9,608 | 13.8% |
Top Suppliers of Sulphates; of Copper to the Philippines in 2022:
- Taiwan (Chinese) (2088.4 tons)
- Russia (831.6 tons)
- China (171.0 tons)
- Japan (142.0 tons)
- Thailand (100.0 tons)
- Malaysia (64.0 tons)
Sulphates; of Copper Exports in the Philippines
Sulphates; of copper exports from the Philippines skyrocketed to 187 tons in 2022, with an increase of 61% compared with the year before. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 852% against the previous year. As a result, the exports attained the peak of 620 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, sulphates; of copper exports skyrocketed to $2.9M in 2022. Overall, exports posted significant growth. The growth pace was the most rapid in 2020 with an increase of 1,091%. As a result, the exports attained the peak of $4.6M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Sulphates; of Copper in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 239 | 3,769 | 926 | 2,649 | 123.0% |
| Thailand | 63.6 | 334 | 70.0 | 108 | 19.3% |
| Taiwan (Chinese) | 56.6 | 363 | 51.8 | 71.4 | 8.1% |
| South Korea | 20.9 | 120 | 15.2 | 18.8 | -3.5% |
| Others | 9.9 | 60.8 | 8.4 | 11.2 | 4.2% |
| Total | 390 | 4,646 | 1,071 | 2,859 | 94.3% |
Top Export Markets for Sulphates; of Copper from the Philippines in 2022:
- Japan (127.2 tons)
- South Korea (31.6 tons)
- Taiwan (Chinese) (15.9 tons)
- Thailand (9.9 tons)
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