Price for Copper; Refined, Unwrought, Billets in Spain - 2023

Contents:

1. Price for Copper; Refined, Unwrought, Billets in Spain (CIF) - 2022
2. Price for Copper; Refined, Unwrought, Billets in Spain (FOB) - 2022
3. Imports of Copper; Refined, Unwrought, Billets in Spain
4. Exports of Copper; Refined, Unwrought, Billets in Spain

Price for Copper; Refined, Unwrought, Billets in Spain (CIF) - 2022

In 2022, the average copper; refined, unwrought, billets import price amounted to $3,154 per ton, with a decrease of -78.8% against the previous year. Overall, the import price showed a deep downturn. The most prominent rate of growth was recorded in 2020 an increase of 360% against the previous year. As a result, import price attained the peak level of $23,187 per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Portugal.

From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +2.5% per year.

Price for Copper; Refined, Unwrought, Billets in Spain (FOB) - 2022

The average copper; refined, unwrought, billets export price stood at $15,915 per ton in 2022, falling by -58.6% against the previous year. Over the period under review, the export price, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2021 an increase of 269%. As a result, the export price reached the peak level of $38,438 per ton, and then contracted markedly in the following year.

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 Portugal ($66,444 per ton), while the average price for exports to Germany ($9,792 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 Portugal (+23.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper; Refined, Unwrought, Billets in Spain

In 2022, the amount of copper; refined, unwrought, billetses imported into Spain soared to 53 tons, jumping by 524% compared with 2021. In general, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, copper; refined, unwrought, billets imports skyrocketed to $167K in 2022. Over the period under review, imports showed significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 436%. As a result, imports reached the peak of $208K. From 2021 to 2022, the growth of imports remained at a lower figure.

Top Suppliers of Copper; Refined, Unwrought, Billets to Spain in 2022:

1. Portugal (51.2 tons)
2. United Kingdom (0.3 tons)
3. Austria (0.1 tons)

Exports of Copper; Refined, Unwrought, Billets in Spain

In 2022, approx. 2.2 tons of copper; refined, unwrought, billetses were exported from Spain; growing by 21% compared with 2021. Over the period under review, exports, however, faced a dramatic contraction. The pace of growth was the most pronounced in 2021 when exports increased by 5,126%.

In value terms, copper; refined, unwrought, billets exports dropped markedly to $35K in 2022. Overall, exports, however, continue to indicate a sharp downturn. The growth pace was the most rapid in 2021 when exports increased by 19,161%.

Top Export Markets for Copper; Refined, Unwrought, Billets from Spain in 2022:

1. France (2136.0 kg)
2. Cuba (44.0 kg)

Source: IndexBox Market Intelligence Platform