Price for Copper; Bars, Rods and Profiles, of Refined Copper in Singapore - 2023

Contents:

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

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

In 2022, the average import price for copper; bars, rods and profiles, of refined coppers amounted to $9,789 per ton, growing by 7.5% against the previous year. Overall, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for copper; bars, rods and profiles, of refined coppers increased by +53.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 43% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Thailand ($9,877 per ton) and Malaysia ($9,818 per ton), while the price for South Korea ($9,094 per ton) and Taiwan (Chinese) ($9,300 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+1.6%), 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 Singapore (FOB) - 2022

In 2022, the average export price for copper; bars, rods and profiles, of refined coppers amounted to $10,618 per ton, rising by 6.3% against the previous year. In general, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +2.9% 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; bars, rods and profiles, of refined coppers increased by +59.3% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the average export price increased by 46%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($11,823 per ton), while the average price for exports to South Korea ($7,143 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 South Africa (+14.7%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports of copper; bars, rods and profiles, of refined coppers into Singapore declined dramatically to 6.8K tons in 2022, dropping by -21.5% compared with the previous year's figure. Overall, imports recorded a perceptible decline. The growth pace was the most rapid in 2021 with an increase of 43%. As a result, imports reached the peak of 8.7K tons, and then contracted notably in the following year.

In value terms, imports of copper; bars, rods and profiles, of refined coppers declined remarkably to $67M in 2022. Over the period under review, imports, however, saw buoyant growth. The growth pace was the most rapid in 2021 with an increase of 104%. As a result, imports reached the peak of $79M, and then fell significantly in the following year.

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

1. Malaysia (2635.6 tons)
2. Thailand (1176.5 tons)
3. Indonesia (1154.3 tons)
4. Taiwan (Chinese) (1139.1 tons)
5. China (211.5 tons)
6. South Korea (168.1 tons)

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

In 2022, exports of copper; bars, rods and profiles, of refined coppers from Singapore declined markedly to 664 tons, with a decrease of -26% against the previous year's figure. Over the period under review, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 43% against the previous year. As a result, the exports reached the peak of 896 tons, and then reduced markedly in the following year.

In value terms, exports of copper; bars, rods and profiles, of refined coppers shrank notably to $7M in 2022. In general, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +9.5% 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 +33.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 70% against the previous year. As a result, the exports reached the peak of $9M, and then fell remarkably in the following year.

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

1. Malaysia (142.0 tons)
2. India (118.1 tons)
3. Indonesia (103.1 tons)
4. Germany (66.6 tons)
5. South Korea (42.2 tons)
6. Pakistan (30.2 tons)
7. Vietnam (29.7 tons)
8. Sri Lanka (29.1 tons)
9. United Arab Emirates (28.4 tons)
10. Japan (18.1 tons)
11. South Africa (11.2 tons)
12. New Zealand (3.7 tons)
13. China (2.2 tons)

Source: IndexBox Market Intelligence Platform