Price for Copper; Bars, Rods and Profiles, of Refined Copper in Thailand - 2024
Contents:
- Price for Copper; Bars, Rods and Profiles, of Refined Copper in Thailand (FOB) - 2024
- Price for Copper; Bars, Rods and Profiles, of Refined Copper in Thailand (CIF) - 2024
- Exports of Copper; Bars, Rods and Profiles, of Refined Copper in Thailand
- Imports of Copper; Bars, Rods and Profiles, of Refined Copper in Thailand
Price for Copper; Bars, Rods and Profiles, of Refined Copper in Thailand (FOB) - 2024
The average export price for copper; bars, rods and profiles, of refined coppers stood at $9,937 per ton in March 2024, growing by 2.6% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2023 an increase of 3.1% month-to-month. The export price peaked in March 2024.
Average prices varied somewhat for the major external markets. In March 2024, the highest price was recorded for prices to the United States ($11,650 per ton) and China ($10,649 per ton), while the average price for exports to Malaysia ($9,265 per ton) and the United Arab Emirates ($9,394 per ton) were amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to China (+1.4%), 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 Thailand (CIF) - 2024
The average import price for copper; bars, rods and profiles, of refined coppers stood at $12,429 per ton in March 2024, rising by 15% against the previous month. Over the period from March 2023 to March 2024, it increased at an average monthly rate of +1.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In March 2024, the country with the highest price was France ($21,873 per ton), while the price for Malaysia ($9,766 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by China (+1.4%), 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 Thailand
In 2022, shipments abroad of copper; bars, rods and profiles, of refined coppers decreased by -33.5% to 19K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports recorded a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by 9.2%. As a result, the exports attained the peak of 29K tons, and then reduced rapidly in the following year.
In value terms, exports of copper; bars, rods and profiles, of refined coppers contracted notably to $187M in 2022. Overall, total exports indicated a slight increase from 2019 to 2022: its value increased at an average annual rate of +1.5% 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 +4.5% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 56%. As a result, the exports reached the peak of $283M, and then contracted dramatically in the following year.
| Export of Copper; Bars, Rods and Profiles, of Refined Copper in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 20.6 | 20.8 | 33.0 | 38.3 | 23.0% |
| Japan | 47.0 | 43.9 | 67.8 | 38.1 | -6.8% |
| Malaysia | 3.4 | 3.5 | 8.2 | 20.0 | 80.5% |
| Taiwan (Chinese) | 25.9 | 28.0 | 55.1 | 19.7 | -8.7% |
| Australia | 13.7 | 16.3 | 26.4 | 17.9 | 9.3% |
| China | 3.1 | 3.8 | 6.6 | 8.8 | 41.6% |
| United Arab Emirates | 20.5 | 19.5 | 17.2 | 7.2 | -29.4% |
| Vietnam | 5.8 | 7.3 | 10.5 | 7.2 | 7.5% |
| Singapore | 8.5 | 6.2 | 14.4 | 5.2 | -15.1% |
| Kuwait | 2.3 | 4.7 | 5.9 | 3.1 | 10.5% |
| Qatar | 4.2 | 5.0 | 8.6 | 3.0 | -10.6% |
| Indonesia | 4.9 | 4.4 | 6.2 | 2.4 | -21.2% |
| Hong Kong SAR | 2.5 | 4.0 | 5.9 | 1.3 | -19.6% |
| Others | 16.8 | 13.4 | 17.1 | 15.3 | -3.1% |
| Total | 179 | 181 | 283 | 187 | 1.5% |
Top Export Markets for Copper; Bars, Rods and Profiles, of Refined Copper from Thailand in 2022:
- Japan (3.9K tons)
- India (3.8K tons)
- Malaysia (2.1K tons)
- Taiwan (Chinese) (2.0K tons)
- Australia (1.8K tons)
- China (1.0K tons)
- United Arab Emirates (0.8K tons)
- Vietnam (0.7K tons)
- Singapore (0.5K tons)
- Qatar (0.3K tons)
- Indonesia (0.3K tons)
- Kuwait (0.3K tons)
- Hong Kong SAR (0.1K tons)
Imports of Copper; Bars, Rods and Profiles, of Refined Copper in Thailand
Imports of copper; bars, rods and profiles, of refined coppers into Thailand contracted significantly to 2.9K tons in 2022, which is down by -16.2% on 2021 figures. Over the period under review, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 186% against the previous year. As a result, imports reached the peak of 3.5K tons, and then declined dramatically in the following year.
In value terms, imports of copper; bars, rods and profiles, of refined coppers shrank to $32M in 2022. In general, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 252%. As a result, imports attained the peak of $34M, and then reduced in the following year.
| Import of Copper; Bars, Rods and Profiles, of Refined Copper in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.1 | 0.5 | 20.7 | 18.5 | 469.8% |
| Malaysia | 6.0 | 6.3 | 9.4 | 7.1 | 5.8% |
| Japan | 2.9 | 2.2 | 3.3 | 4.0 | 11.3% |
| Hong Kong SAR | N/A | N/A | N/A | 0.7 | 0% |
| South Korea | 0.7 | 0.3 | 0.6 | 0.5 | -10.6% |
| Others | 0.4 | 0.5 | 0.3 | 0.7 | 20.5% |
| Total | 10.1 | 9.7 | 34.3 | 31.6 | 46.3% |
Top Suppliers of Copper; Bars, Rods and Profiles, of Refined Copper to Thailand in 2022:
- China (1828.8 tons)
- Malaysia (714.6 tons)
- Japan (262.7 tons)
- Hong Kong SAR (70.3 tons)
- South Korea (34.8 tons)
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