Price for Copper; Bars, Rods and Profiles, of Refined Copper in the UK - 2024
Contents:
- Price for Copper; Bars, Rods and Profiles, of Refined Copper in the UK (CIF) - 2024
- Price for Copper; Bars, Rods and Profiles, of Refined Copper in the UK (FOB) - 2022
- Imports of Copper; Bars, Rods and Profiles, of Refined Copper in the UK
- Exports of Copper; Bars, Rods and Profiles, of Refined Copper in the UK
Price for Copper; Bars, Rods and Profiles, of Refined Copper in the UK (CIF) - 2024
In February 2024, the average import price for copper; bars, rods and profiles, of refined coppers amounted to $9,757 per ton, standing approximately at the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in December 2023 an increase of 3.2% against the previous month. The import price peaked at $10,151 per ton in March 2023; however, from April 2023 to February 2024, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In February 2024, the highest price was recorded for prices from Finland ($12,795 per ton) and Poland ($10,659 per ton), while the price for Belgium ($9,087 per ton) and France ($9,745 per ton) were amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by Finland (+0.3%), while the prices for the other major suppliers experienced a decline.
Price for Copper; Bars, Rods and Profiles, of Refined Copper in the UK (FOB) - 2022
The average export price for copper; bars, rods and profiles, of refined coppers stood at $7,812 per ton in 2022, shrinking by -9.8% against the previous year. Over the period under review, the export price showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2020 an increase of 65%. Over the period under review, the average export prices hit record highs at $12,770 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($13,260 per ton), while the average price for exports to Saudi Arabia ($3,472 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 France (+1.9%), 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 the UK
In 2022, supplies from abroad of copper; bars, rods and profiles, of refined coppers decreased by -12.8% to 11K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 11% against the previous year. As a result, imports attained the peak of 13K tons, and then fell in the following year.
In value terms, imports of copper; bars, rods and profiles, of refined coppers declined to $107M 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 +14.6% 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 +50.5% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 59%. As a result, imports attained the peak of $125M, and then declined in the following year.
| Import of Copper; Bars, Rods and Profiles, of Refined Copper in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 7.3 | 5.5 | 35.4 | 37.0 | 71.8% |
| Bulgaria | 25.8 | 28.7 | 40.0 | 30.9 | 6.2% |
| France | 16.4 | 20.1 | 14.9 | 14.4 | -4.2% |
| Germany | 14.6 | 12.7 | 16.3 | 9.0 | -14.9% |
| Finland | 2.7 | 1.7 | 1.7 | 3.3 | 6.9% |
| Poland | 0.4 | 5.7 | 8.7 | 2.9 | 93.5% |
| Greece | 0.2 | 0.1 | 0.5 | 2.8 | 141.0% |
| Others | 3.5 | 4.1 | 7.3 | 6.3 | 21.6% |
| Total | 70.8 | 78.6 | 125 | 107 | 14.8% |
Top Suppliers of Copper; Bars, Rods and Profiles, of Refined Copper to the UK in 2022:
- Belgium (4.2K tons)
- Bulgaria (3.1K tons)
- France (1.5K tons)
- Germany (1.0K tons)
- Poland (0.3K tons)
- Finland (0.3K tons)
- Greece (0.3K tons)
Exports of Copper; Bars, Rods and Profiles, of Refined Copper in the UK
In 2022, after two years of decline, there was significant growth in overseas shipments of copper; bars, rods and profiles, of refined coppers, when their volume increased by 162% to 2.9K tons. In general, exports, however, recorded a abrupt setback.
In value terms, exports of copper; bars, rods and profiles, of refined coppers skyrocketed to $23M in 2022. Overall, exports posted pronounced growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Copper; Bars, Rods and Profiles, of Refined Copper in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 0.2 | 0.1 | 0.2 | 7.9 | 240.6% |
| Ireland | 9.5 | 13.8 | 3.4 | 5.4 | -17.2% |
| United States | 0.1 | 0.5 | 1.1 | 3.4 | 224.0% |
| United Arab Emirates | 2.7 | 2.2 | 1.5 | 2.0 | -9.5% |
| Qatar | 0.6 | 1.0 | 0.2 | 1.9 | 46.8% |
| Saudi Arabia | 0.7 | 0.4 | 0.3 | 0.2 | -34.1% |
| Oman | 0.5 | 0.1 | 0.2 | 0.1 | -41.5% |
| Hong Kong SAR | 2.4 | 2.1 | 0.4 | N/A | -59.2% |
| Others | 4.4 | 2.5 | 2.4 | 1.9 | -24.4% |
| Total | 21.1 | 22.6 | 9.7 | 22.8 | 2.6% |
Top Export Markets for Copper; Bars, Rods and Profiles, of Refined Copper from the UK in 2022:
- Ireland (954.0 tons)
- Belgium (759.5 tons)
- United States (471.7 tons)
- United Arab Emirates (238.4 tons)
- Qatar (214.2 tons)
- Saudi Arabia (70.7 tons)
- Oman (17.2 tons)
- Hong Kong SAR (5.2 tons)
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