Price for Copper; Refined and Copper Alloys, Unwrought in France - 2023

Contents:

1. Price for Copper; Refined and Copper Alloys, Unwrought in France (CIF) - 2023
2. Price for Copper; Refined and Copper Alloys, Unwrought in France (FOB) - 2023
3. Imports of Copper; Refined and Copper Alloys, Unwrought in France
4. Exports of Copper; Refined and Copper Alloys, Unwrought in France

Price for Copper; Refined and Copper Alloys, Unwrought in France (CIF) - 2023

In December 2023, the average import price for copper; refined and copper alloys, unwroughts amounted to $8,993 per ton, leveling off at the previous month. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 5.7% month-to-month. As a result, import price reached the peak level of $9,650 per ton. From May 2023 to December 2023, the average 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 the Netherlands ($20,468 per ton), while the price for Belgium ($8,823 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 the Netherlands (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper; Refined and Copper Alloys, Unwrought in France (FOB) - 2023

In December 2023, the average export price for copper; refined and copper alloys, unwroughts amounted to $8,533 per ton, surging by 2.1% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 8% m-o-m. As a result, the export price reached the peak level of $8,902 per ton. From May 2023 to December 2023, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($10,449 per ton), while the average price for exports to Belgium ($6,801 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 Portugal (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper; Refined and Copper Alloys, Unwrought in France

Imports of copper; refined and copper alloys, unwroughts into France reduced modestly to 189K tons in 2022, falling by -1.8% compared with 2021 figures. Overall, imports showed a pronounced shrinkage. The smallest decline of -1.1% was in 2021.

In value terms, imports of copper; refined and copper alloys, unwroughts dropped to $1.7B in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +9.4% 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 +42.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 49%. As a result, imports reached the peak of $1.8B, and then declined slightly in the following year.

Top Suppliers of Copper; Refined and Copper Alloys, Unwrought to France in 2022:

1. Chile (82.0K tons)
2. Austria (33.0K tons)
3. Belgium (25.9K tons)
4. Poland (22.8K tons)
5. Germany (8.7K tons)
6. Democratic Republic of the Congo (4.2K tons)
7. Russia (4.0K tons)

Exports of Copper; Refined and Copper Alloys, Unwrought in France

For the fourth year in a row, France recorded growth in overseas shipments of copper; refined and copper alloys, unwroughts, which increased by 32% to 49K tons in 2022. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 37%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, exports of copper; refined and copper alloys, unwroughts surged to $393M in 2022. Overall, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 80% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Copper; Refined and Copper Alloys, Unwrought from France in 2022:

1. Italy (20.8K tons)
2. Spain (13.0K tons)
3. Germany (7.0K tons)
4. Portugal (2.3K tons)
5. Belgium (1.1K tons)
6. United Kingdom (1.0K tons)
7. Poland (0.9K tons)
8. Netherlands (0.6K tons)

Source: IndexBox Market Intelligence Platform