Sulphates; of Copper Price in the UK - 2023
Contents:
- Sulphates; of Copper Price in the UK (CIF) - 2023
- Sulphates; of Copper Price in the UK (FOB) - 2022
- Sulphates; of Copper Imports in the UK
- Sulphates; of Copper Exports in the UK
Sulphates; of Copper Price in the UK (CIF) - 2023
The average sulphates; of copper import price stood at $2,889 per ton in June 2023, jumping by 27% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $3,106 per ton in July 2022; however, from August 2022 to June 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($4,775 per ton), while the price for Chile ($2,480 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Germany (+0.9%), while the prices for the other major suppliers experienced a decline.
Sulphates; of Copper Price in the UK (FOB) - 2022
The average sulphates; of copper export price stood at $2,816 per ton in 2022, with an increase of 6.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2021 when the average export price increased by 24% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($3,924 per ton), while the average price for exports to Russia ($1,980 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 Poland (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.
Sulphates; of Copper Imports in the UK
In 2022, approx. 4.5K tons of sulphates; of coppers were imported into the UK; falling by -12.4% compared with the year before. Overall, imports recorded a abrupt slump. The growth pace was the most rapid in 2021 with an increase of 4.4% against the previous year.
In value terms, sulphates; of copper imports contracted to $13M in 2022. The total import value increased at an average annual rate of +5.7% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 43% against the previous year. As a result, imports reached the peak of $14M, and then fell in the following year.
| Import of Sulphates; of Copper in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 3.3 | 2.3 | 5.2 | 6.3 | 24.1% |
| Chile | 1.9 | 2.2 | 1.7 | 2.7 | 12.4% |
| Poland | 1.0 | 1.3 | 1.1 | 1.1 | 3.2% |
| Italy | 0.1 | 0.1 | N/A | 0.5 | 71.0% |
| Malta | N/A | N/A | 1.1 | 0.4 | -63.6% |
| Russia | 2.1 | 2.0 | 2.6 | 0.4 | -42.5% |
| China | 0.1 | N/A | 0.1 | 0.2 | 26.0% |
| Brazil | 0.6 | 0.4 | 0.4 | N/A | -18.4% |
| Others | 1.6 | 1.1 | 1.3 | 1.0 | -14.5% |
| Total | 10.7 | 9.5 | 13.6 | 12.6 | 5.6% |
Top Suppliers of Sulphates; of Copper to the UK in 2022:
- Turkey (2256.9 tons)
- Chile (1000.3 tons)
- Poland (380.0 tons)
- Russia (206.7 tons)
- Malta (152.0 tons)
- Italy (146.2 tons)
- China (109.5 tons)
Sulphates; of Copper Exports in the UK
In 2022, sulphates; of copper exports from the UK reduced slightly to 631 tons, leveling off at the year before. Over the period under review, exports recorded a sharp descent.
In value terms, sulphates; of copper exports reached $1.8M in 2022. Overall, exports continue to indicate a dramatic descent. The most prominent rate of growth was recorded in 2021 when exports increased by 9.5%.
| Export of Sulphates; of Copper in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | N/A | N/A | 106 | 467 | 340.6% |
| Ireland | 1,436 | 1,109 | 1,321 | 407 | -34.3% |
| Denmark | 126 | 2.9 | 23.9 | 273 | 29.4% |
| Chile | N/A | N/A | 14.4 | 229 | 1490.3% |
| Russia | N/A | N/A | N/A | 59.0 | 0% |
| Netherlands | 457 | 1.3 | 48.9 | 26.4 | -61.3% |
| Spain | 308 | 28.9 | 7.8 | 12.4 | -65.7% |
| Italy | 498 | 56.1 | 7.0 | 11.4 | -71.6% |
| Belgium | 198 | 106 | 21.9 | 5.0 | -70.7% |
| Croatia | 123 | 43.9 | N/A | N/A | -64.3% |
| France | 91.0 | 15.4 | N/A | N/A | -83.1% |
| Others | 625 | 178 | 137 | 285 | -23.0% |
| Total | 3,862 | 1,542 | 1,688 | 1,775 | -22.8% |
Top Export Markets for Sulphates; of Copper from the UK in 2022:
- Turkey (163.6 tons)
- Ireland (150.6 tons)
- Denmark (100.4 tons)
- Chile (82.5 tons)
- Russia (29.8 tons)
- Netherlands (10.2 tons)
- Italy (2.7 tons)
- Belgium (2.1 tons)
- Spain (1.9 tons)
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