Price for Copper; Bars, Rods and Profiles, of Refined Copper in Malaysia - 2024
Contents:
- Price for Copper; Bars, Rods and Profiles, of Refined Copper in Malaysia (FOB) - 2024
- Price for Copper; Bars, Rods and Profiles, of Refined Copper in Malaysia (CIF) - 2024
- Exports of Copper; Bars, Rods and Profiles, of Refined Copper in Malaysia
- Imports of Copper; Bars, Rods and Profiles, of Refined Copper in Malaysia
Price for Copper; Bars, Rods and Profiles, of Refined Copper in Malaysia (FOB) - 2024
In March 2024, the average export price for copper; bars, rods and profiles, of refined coppers amounted to $7,844 per ton, declining by -10% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 when the average export price increased by 20% m-o-m. The export price peaked at $9,171 per ton in September 2023; however, from October 2023 to March 2024, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In March 2024, the country with the highest price was Australia ($9,613 per ton), while the average price for exports to China ($3,964 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.4%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Copper; Bars, Rods and Profiles, of Refined Copper in Malaysia (CIF) - 2024
The average import price for copper; bars, rods and profiles, of refined coppers stood at $8,551 per ton in March 2024, increasing by 3% against the previous month. Over the period under review, import price indicated pronounced growth from March 2023 to March 2024: its price increased at an average monthly rate of +2.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2024 figures, import price for copper; bars, rods and profiles, of refined coppers increased by +3.0% against February 2024 indices. The growth pace was the most rapid in November 2023 an increase of 35% against the previous month. Over the period under review, average import prices reached the maximum at $11,021 per ton in June 2023; however, from July 2023 to March 2024, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In March 2024, the countries with the highest prices were Indonesia ($9,197 per ton) and Thailand ($8,972 per ton), while the price for China ($6,973 per ton) and Singapore ($8,174 per ton) were amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Myanmar (+14.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Copper; Bars, Rods and Profiles, of Refined Copper in Malaysia
In 2022, overseas shipments of copper; bars, rods and profiles, of refined coppers decreased by -46.8% to 18K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports showed a abrupt decrease. The growth pace was the most rapid in 2020 with an increase of 5.3% against the previous year.
In value terms, exports of copper; bars, rods and profiles, of refined coppers declined sharply to $161M in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 42% against the previous year. As a result, the exports reached the peak of $228M, and then reduced dramatically in the following year.
| Export of Copper; Bars, Rods and Profiles, of Refined Copper in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 19.5 | 18.0 | 41.3 | 42.4 | 29.6% |
| China | 30.2 | 60.1 | 52.8 | 21.2 | -11.1% |
| Indonesia | 23.5 | 13.2 | 21.7 | 17.3 | -9.7% |
| Australia | 10.7 | 11.1 | 19.1 | 15.1 | 12.2% |
| Singapore | 8.8 | 6.2 | 10.6 | 11.1 | 8.0% |
| India | 9.0 | 9.7 | 19.7 | 10.2 | 4.3% |
| Pakistan | 3.4 | 3.1 | 7.0 | 7.0 | 27.2% |
| Thailand | 7.4 | 4.8 | 9.6 | 7.0 | -1.8% |
| Kuwait | 2.4 | 1.5 | 4.3 | 5.3 | 30.2% |
| Japan | 5.0 | 2.4 | 4.5 | 3.7 | -9.5% |
| Philippines | 3.7 | 2.9 | 4.3 | 3.3 | -3.7% |
| United Arab Emirates | 14.0 | 6.9 | 6.1 | 3.1 | -39.5% |
| Saudi Arabia | 1.9 | 2.5 | 2.4 | 3.0 | 16.4% |
| Others | 22.6 | 18.3 | 24.4 | 10.9 | -21.6% |
| Total | 162 | 161 | 228 | 161 | -0.2% |
Top Export Markets for Copper; Bars, Rods and Profiles, of Refined Copper from Malaysia in 2022:
- Taiwan (Chinese) (4.4K tons)
- China (3.3K tons)
- Indonesia (1.9K tons)
- Australia (1.5K tons)
- Singapore (1.1K tons)
- India (1.0K tons)
- Pakistan (0.7K tons)
- Thailand (0.7K tons)
- Kuwait (0.6K tons)
- Japan (0.4K tons)
- Saudi Arabia (0.3K tons)
- United Arab Emirates (0.3K tons)
- Philippines (0.3K tons)
Imports of Copper; Bars, Rods and Profiles, of Refined Copper in Malaysia
In 2022, imports of copper; bars, rods and profiles, of refined coppers into Malaysia soared to 8.2K tons, growing by 64% against the previous year's figure. Overall, imports recorded buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of copper; bars, rods and profiles, of refined coppers soared to $86M in 2022. In general, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Copper; Bars, Rods and Profiles, of Refined Copper in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 0.2 | 0.1 | 0.1 | 32.0 | 442.9% |
| Thailand | 2.9 | 3.6 | 8.9 | 25.3 | 105.9% |
| China | 9.2 | 5.1 | 9.5 | 9.7 | 1.8% |
| Philippines | N/A | N/A | N/A | 4.7 | 0% |
| Japan | 8.3 | 5.2 | 7.2 | 3.6 | -24.3% |
| Singapore | 0.1 | 1.4 | 2.5 | 3.2 | 217.5% |
| Indonesia | 17.2 | 11.1 | 16.4 | 2.3 | -48.9% |
| Kuwait | N/A | N/A | N/A | 2.1 | 0% |
| Myanmar | N/A | N/A | N/A | 1.4 | 0% |
| Others | 0.9 | 0.9 | 1.6 | 1.4 | 15.9% |
| Total | 38.9 | 27.4 | 46.2 | 85.8 | 30.2% |
Top Suppliers of Copper; Bars, Rods and Profiles, of Refined Copper to Malaysia in 2022:
- Thailand (2633.2 tons)
- South Korea (2170.3 tons)
- China (1018.0 tons)
- Philippines (724.5 tons)
- Singapore (368.3 tons)
- Japan (335.7 tons)
- Myanmar (317.5 tons)
- Kuwait (257.6 tons)
- Indonesia (248.1 tons)
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