Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Spain - 2023

Contents:

1. Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Spain (CIF) - 2023
2. Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Spain (FOB) - 2022
3. Imports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Spain
4. Exports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Spain

Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Spain (CIF) - 2023

In December 2023, the average import price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses amounted to $7,464 per ton, falling by -23.8% against the previous month. Overall, the import price continues to indicate a mild shrinkage. The pace of growth was the most pronounced in April 2023 when the average import price increased by 12% month-to-month. Over the period under review, average import prices hit record highs at $10,119 per ton in May 2023; however, from June 2023 to December 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was China ($15,904 per ton), while the price for Italy ($4,359 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 Germany (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Spain (FOB) - 2022

In 2022, the average export price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses amounted to $11,358 per ton, with an increase of 7.7% against the previous year. In general, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +8.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses increased by +60.2% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 96% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Hungary ($12,928 per ton), while the average price for exports to Finland ($7,735 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 Tunisia (+18.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Spain

In 2022, approx. 5K tons of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses were imported into Spain; picking up by 1.9% against the year before. Overall, imports, however, showed a abrupt curtailment.

In value terms, imports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses rose to $46M in 2022. Over the period under review, total imports indicated a modest expansion from 2019 to 2022: its value increased at an average annual rate of +1.9% 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 +50.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 47%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the near future.

Top Suppliers of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils to Spain in 2022:

1. Finland (1851.0 tons)
2. Italy (705.2 tons)
3. Germany (672.7 tons)
4. Turkey (652.8 tons)
5. Bulgaria (496.3 tons)
6. France (480.8 tons)
7. Belgium (80.1 tons)

Exports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Spain

In 2022, approx. 1.6K tons of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses were exported from Spain; increasing by 5.8% on 2021 figures. Overall, exports, however, showed a noticeable slump. The most prominent rate of growth was recorded in 2021 when exports increased by 42%.

In value terms, exports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses reached $18M in 2022. Over the period under review, exports enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of 103% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see steady growth in the near future.

Top Export Markets for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils from Spain in 2022:

1. France (1038.1 tons)
2. Germany (151.1 tons)
3. Italy (94.4 tons)
4. Portugal (64.6 tons)
5. Morocco (50.1 tons)
6. Finland (43.9 tons)
7. Czech Republic (40.8 tons)
8. Hungary (26.4 tons)
9. Slovenia (24.8 tons)
10. Mexico (1.4 tons)

Source: IndexBox Market Intelligence Platform