Price for Copper; Bars, Rods and Profiles, of Refined Copper in Austria - 2024

Contents:

  1. Price for Copper; Bars, Rods and Profiles, of Refined Copper in Austria (FOB) - 2024
  2. Price for Copper; Bars, Rods and Profiles, of Refined Copper in Austria (CIF) - 2024
  3. Exports of Copper; Bars, Rods and Profiles, of Refined Copper in Austria
  4. Imports of Copper; Bars, Rods and Profiles, of Refined Copper in Austria

Price for Copper; Bars, Rods and Profiles, of Refined Copper in Austria (FOB) - 2024

In February 2024, the average export price for copper; bars, rods and profiles, of refined coppers amounted to $16,023 per ton, picking up by 12% against the previous month. Over the period from February 2023 to February 2024, it increased at an average monthly rate of +1.5%. The growth pace was the most rapid in September 2023 an increase of 19% m-o-m. The export price peaked at $16,664 per ton in December 2023; however, from January 2024 to February 2024, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was China ($24,565 per ton), while the average price for exports to Switzerland ($12,869 per ton) was amongst the lowest.

From February 2023 to February 2024, the most notable rate of growth in terms of prices was recorded for supplies to India (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Copper; Bars, Rods and Profiles, of Refined Copper in Austria (CIF) - 2024

The average import price for copper; bars, rods and profiles, of refined coppers stood at $194K per ton in February 2024, picking up by 1,833% against the previous month. Overall, the import price showed a significant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($687K per ton), while the price for Switzerland amounted to $184K per ton.

From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by the United States (+65.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Copper; Bars, Rods and Profiles, of Refined Copper in Austria

In 2022, exports of copper; bars, rods and profiles, of refined coppers from Austria dropped to 3.5K tons, with a decrease of -11.4% compared with 2021 figures. The total export volume increased at an average annual rate of +6.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 42%. As a result, the exports attained the peak of 3.9K tons, and then contracted in the following year.

In value terms, exports of copper; bars, rods and profiles, of refined coppers shrank to $44M in 2022. Overall, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 107% against the previous year. As a result, the exports reached the peak of $47M, and then dropped in the following year.

Export of Copper; Bars, Rods and Profiles, of Refined Copper in Austria (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany12.712.525.522.120.3%
Switzerland3.41.63.85.718.8%
Italy1.00.93.12.739.2%
United States0.70.53.42.654.9%
Bosnia and Herzegovina3.63.62.32.5-11.4%
Hungary0.81.42.31.317.6%
IndiaN/A0.41.41.165.8%
Others2.82.05.45.827.5%
Total25.122.847.243.820.4%

Top Export Markets for Copper; Bars, Rods and Profiles, of Refined Copper from Austria in 2022:

  1. Germany (1883.5 tons)
  2. Switzerland (403.3 tons)
  3. Bosnia and Herzegovina (234.9 tons)
  4. Italy (208.8 tons)
  5. United States (175.0 tons)
  6. Hungary (110.4 tons)
  7. India (69.8 tons)

Imports of Copper; Bars, Rods and Profiles, of Refined Copper in Austria

In 2022, the amount of copper; bars, rods and profiles, of refined coppers imported into Austria expanded rapidly to 2.5K tons, picking up by 9.3% against the previous year's figure. The total import volume increased at an average annual rate of +1.5% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 with an increase of 12% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, imports of copper; bars, rods and profiles, of refined coppers totaled $25M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +11.1% 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 +55.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 41%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.

Import of Copper; Bars, Rods and Profiles, of Refined Copper in Austria (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany8.39.312.113.216.7%
Bulgaria2.51.11.53.612.9%
France4.32.92.62.2-20.0%
Belgium0.51.21.72.058.7%
Poland0.80.52.51.626.0%
Hungary0.10.51.20.571.0%
Others1.60.60.91.60.0%
Total18.116.022.624.811.1%

Top Suppliers of Copper; Bars, Rods and Profiles, of Refined Copper to Austria in 2022:

  1. Germany (1153.2 tons)
  2. Bulgaria (569.4 tons)
  3. Belgium (200.7 tons)
  4. France (197.1 tons)
  5. Poland (151.3 tons)
  6. Hungary (63.6 tons)

Source: IndexBox Market Intelligence Platform

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