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

Contents:

  1. Price for Copper; Bars, Rods and Profiles, of Refined Copper in Hungary (CIF) - 2023
  2. Price for Copper; Bars, Rods and Profiles, of Refined Copper in Hungary (FOB) - 2022
  3. Imports of Copper; Bars, Rods and Profiles, of Refined Copper in Hungary
  4. Exports of Copper; Bars, Rods and Profiles, of Refined Copper in Hungary

Price for Copper; Bars, Rods and Profiles, of Refined Copper in Hungary (CIF) - 2023

The average import price for copper; bars, rods and profiles, of refined coppers stood at $12,251 per ton in December 2023, surging by 19% against the previous month. Overall, the import price showed perceptible growth. The most prominent rate of growth was recorded in August 2023 when the average import price increased by 115% against the previous month. The import price peaked in December 2023.

Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($122K per ton), while the price for Poland ($5,534 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 (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper; Bars, Rods and Profiles, of Refined Copper in Hungary (FOB) - 2022

The average export price for copper; bars, rods and profiles, of refined coppers stood at $8,346 per ton in 2022, with a decrease of -19.1% against the previous year. In general, the export price showed a mild shrinkage. The most prominent rate of growth was recorded in 2016 when the average export price increased by 44% against the previous year. The export price peaked at $11,166 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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 Austria ($16,593 per ton), while the average price for exports to Germany ($7,747 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 Germany (+0.6%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, the amount of copper; bars, rods and profiles, of refined coppers imported into Hungary expanded rapidly to 2.3K tons, growing by 6.7% on 2021 figures. Overall, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +14.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.2% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 45% 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 immediate term.

In value terms, imports of copper; bars, rods and profiles, of refined coppers shrank slightly to $18M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +16.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.9% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 72% against the previous year. As a result, imports attained the peak of $19M, and then fell slightly in the following year.

Import of Copper; Bars, Rods and Profiles, of Refined Copper in Hungary (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany3.64.17.16.421.1%
Bulgaria1.41.53.45.052.9%
Poland1.92.03.12.915.1%
France2.61.63.12.3-4.0%
RomaniaN/AN/A0.10.8700.0%
Austria0.80.70.70.4-20.6%
SlovakiaN/A0.1N/A0.241.4%
Turkey0.40.61.0N/A58.1%
Others0.70.30.40.2-34.1%
Total11.411.019.018.216.9%

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

  1. Poland (774.3 tons)
  2. Germany (605.0 tons)
  3. Bulgaria (488.8 tons)
  4. France (214.3 tons)
  5. Romania (69.7 tons)
  6. Slovakia (40.4 tons)
  7. Austria (39.0 tons)
  8. Turkey (4.5 tons)

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

For the fourth year in a row, Hungary recorded growth in overseas shipments of copper; bars, rods and profiles, of refined coppers, which increased by 1.7% to 188 tons in 2022. Overall, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +22.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +83.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 36%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of copper; bars, rods and profiles, of refined coppers contracted notably to $1.6M in 2022. In general, exports recorded resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of 65%. As a result, the exports reached the peak of $1.9M, and then fell markedly in the following year.

Export of Copper; Bars, Rods and Profiles, of Refined Copper in Hungary (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany7029651,7051,36024.7%
Romania87.912571.991.11.2%
Serbia45.0N/A3.556.27.7%
Others10063.512661.6-14.9%
Total9351,1531,9071,56918.8%

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

  1. Germany (175.6 tons)
  2. Romania (5.6 tons)
  3. Serbia (3.7 tons)

Source: IndexBox Market Intelligence Platform

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