Price for Copper; Powders and Flakes in Spain - 2023

Contents:

1. Price for Copper; Powders and Flakes in Spain (CIF) - 2023
2. Price for Copper; Powders and Flakes in Spain (FOB) - 2023
3. Imports of Copper; Powders and Flakes in Spain
4. Exports of Copper; Powders and Flakes in Spain

Price for Copper; Powders and Flakes in Spain (CIF) - 2023

The average copper; powders and flakes import price stood at $13,952 per ton in July 2023, increasing by 35% against the previous month. In general, the import price, however, saw a pronounced shrinkage. The import price peaked at $19,131 per ton in July 2022; however, from August 2022 to July 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Turkey ($526K per ton), while the price for Italy ($8,902 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Turkey (+688.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper; Powders and Flakes in Spain (FOB) - 2023

The average copper; powders and flakes export price stood at $1,687 per ton in July 2023, shrinking by -27.8% against the previous month. Overall, the export price continues to indicate a deep setback. The growth pace was the most rapid in November 2022 an increase of 99% m-o-m. Over the period under review, the average export prices hit record highs at $5,198 per ton in July 2022; however, from August 2022 to July 2023, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In July 2023, the country with the highest price was Malaysia ($1,350 per ton), while the average price for exports to Gibraltar totaled $1,135 per ton.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+1.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Copper; Powders and Flakes in Spain

In 2022, imports of copper; powders and flakeses into Spain declined sharply to 761 tons, shrinking by -29.3% on the year before. Overall, imports showed a deep contraction. The pace of growth was the most pronounced in 2021 when imports increased by 38%. As a result, imports attained the peak of 1.1K tons, and then plummeted in the following year.

In value terms, copper; powders and flakes imports declined markedly to $11M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +10.1% 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 +54.5% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 85%. As a result, imports attained the peak of $13M, and then declined notably in the following year.

Top Suppliers of Copper; Powders and Flakes to Spain in 2022:

1. Italy (409.8 tons)
2. France (218.4 tons)
3. Germany (88.3 tons)
4. United Kingdom (17.4 tons)
5. Slovakia (16.6 tons)

Exports of Copper; Powders and Flakes in Spain

In 2022, the amount of copper; powders and flakeses exported from Spain skyrocketed to 1.9K tons, picking up by 121% on the previous year's figure. Overall, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, copper; powders and flakes exports declined slightly to $5.6M in 2022. In general, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +14.7% 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 decreased by -19.2% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 87% against the previous year. As a result, the exports attained the peak of $6.9M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Top Export Markets for Copper; Powders and Flakes from Spain in 2022:

1. Malaysia (1611.4 tons)
2. Poland (97.5 tons)
3. Belgium (52.4 tons)
4. Colombia (21.0 tons)
5. Italy (20.0 tons)
6. China (11.5 tons)
7. France (10.0 tons)

Source: IndexBox Market Intelligence Platform