Price for Copper; Refined, Unwrought, Wire-Bars in Norway - 2023

Contents:

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

Price for Copper; Refined, Unwrought, Wire-Bars in Norway (CIF) - 2022

In 2022, the average copper; refined, unwrought, wire-bars import price amounted to $17,617 per ton, declining by -14.3% against the previous year. In general, the import price showed a noticeable downturn. The pace of growth was the most pronounced in 2021 when the average import price increased by 133% against the previous year. Over the period under review, average import prices hit record highs at $40,111 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Italy amounted to +25.4% per year.

Price for Copper; Refined, Unwrought, Wire-Bars in Norway (FOB) - 2022

In 2022, the average copper; refined, unwrought, wire-bars export price amounted to $8,661 per ton, with a decrease of -22.1% against the previous year. Overall, the export price, however, showed a strong increase. The most prominent rate of growth was recorded in 2017 an increase of 208%. As a result, the export price reached the peak level of $21,256 per ton. From 2018 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Denmark.

From 2012 to 2022, the rate of growth in terms of prices for Denmark amounted to +5.2% per year.

Imports of Copper; Refined, Unwrought, Wire-Bars in Norway

In 2022, purchases abroad of copper; refined, unwrought, wire-barses decreased by -54% to 120 kg, falling for the second year in a row after two years of growth. In general, imports recorded a precipitous curtailment. The growth pace was the most rapid in 2020 with an increase of 134%. As a result, imports attained the peak of 4.3 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, copper; refined, unwrought, wire-bars imports declined sharply to $2.1K in 2022. Overall, imports saw a sharp descent. The growth pace was the most rapid in 2020 with an increase of 70%. As a result, imports attained the peak of $38K. From 2021 to 2022, the growth of imports remained at a lower figure.

Top Suppliers of Copper; Refined, Unwrought, Wire-Bars to Norway in 2022:

1. Denmark (120.0 kg)

Exports of Copper; Refined, Unwrought, Wire-Bars in Norway

Copper; refined, unwrought, wire-bars exports from Norway expanded markedly to 484 kg in 2022, increasing by 14% on the previous year's figure. The total export volume increased at an average annual rate of +6.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 with an increase of 17%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, copper; refined, unwrought, wire-bars exports declined to $4.2K in 2022. The total export value increased at an average annual rate of +9.2% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 29%. As a result, the exports reached the peak of $4.7K, and then reduced in the following year.

Top Export Markets for Copper; Refined, Unwrought, Wire-Bars from Norway in 2022:

1. Denmark (466.0 kg)

Source: IndexBox Market Intelligence Platform