Price for Copper; Bars, Rods and Profiles, of Refined Copper in the United States - 2024
Contents:
- Price for Copper; Bars, Rods and Profiles, of Refined Copper in the United States (CIF) - 2024
- Price for Copper; Bars, Rods and Profiles, of Refined Copper in the United States (FOB) - 2024
- Imports of Copper; Bars, Rods and Profiles, of Refined Copper in the United States
- Exports of Copper; Bars, Rods and Profiles, of Refined Copper in the United States
Price for Copper; Bars, Rods and Profiles, of Refined Copper in the United States (CIF) - 2024
The average import price for copper; bars, rods and profiles, of refined coppers stood at $11,359 per ton in April 2024, approximately equating the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2023 when the average import price increased by 7.6% against the previous month. The import price peaked in April 2024.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($15,176 per ton), while the price for Mexico ($9,900 per ton) was amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was attained by Germany (+0.6%), 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 the United States (FOB) - 2024
In April 2024, the average export price for copper; bars, rods and profiles, of refined coppers amounted to $12,745 per ton, declining by -2.3% against the previous month. Over the period from April 2023 to April 2024, it increased at an average monthly rate of +1.3%. The most prominent rate of growth was recorded in July 2023 when the average export price increased by 8.7% m-o-m. The export price peaked at $13,039 per ton in March 2024, and then dropped in the following month.
Average prices varied somewhat for the major overseas markets. In April 2024, the country with the highest price was Canada ($12,594 per ton), while the average price for exports to Germany ($8,466 per ton) was amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+1.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Copper; Bars, Rods and Profiles, of Refined Copper in the United States
In 2022, the amount of copper; bars, rods and profiles, of refined coppers imported into the United States skyrocketed to 26K tons, with an increase of 28% compared with the previous year. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +9.5% 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 +53.0% against 2020 indices. 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 skyrocketed to $286M in 2022. Overall, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 59%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Copper; Bars, Rods and Profiles, of Refined Copper in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 43.2 | 37.2 | 66.0 | 87.3 | 26.4% |
| Brazil | 11.6 | 10.6 | 24.5 | 36.3 | 46.3% |
| Germany | 38.1 | 32.8 | 41.4 | 34.7 | -3.1% |
| France | 17.5 | 13.0 | 14.0 | 25.2 | 12.9% |
| Mexico | 7.4 | 10.4 | 23.0 | 24.9 | 49.8% |
| Finland | 15.8 | 8.4 | 10.8 | 18.0 | 4.4% |
| South Korea | 8.1 | 5.4 | 6.7 | 13.6 | 18.9% |
| Bulgaria | 3.6 | 3.5 | 6.7 | 12.3 | 50.6% |
| China | 11.4 | 3.5 | 4.8 | 8.7 | -8.6% |
| Japan | 3.7 | 2.1 | 3.8 | 6.2 | 18.8% |
| Others | 9.5 | 8.9 | 14.4 | 19.0 | 26.0% |
| Total | 170 | 136 | 216 | 286 | 18.9% |
Top Suppliers of Copper; Bars, Rods and Profiles, of Refined Copper to the United States in 2022:
- Peru (8.7K tons)
- Brazil (3.4K tons)
- Mexico (2.7K tons)
- Germany (2.5K tons)
- France (2.0K tons)
- Finland (1.4K tons)
- South Korea (1.1K tons)
- Bulgaria (1.1K tons)
- China (0.6K tons)
- Japan (0.5K tons)
Exports of Copper; Bars, Rods and Profiles, of Refined Copper in the United States
In 2022, overseas shipments of copper; bars, rods and profiles, of refined coppers decreased by -3.2% to 12K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +4.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 14% against the previous year. As a result, the exports attained the peak of 12K tons, and then contracted modestly in the following year.
In value terms, exports of copper; bars, rods and profiles, of refined coppers amounted to $128M in 2022. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +15.5% 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 +55.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 49% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Copper; Bars, Rods and Profiles, of Refined Copper in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 44.2 | 47.2 | 62.7 | 57.9 | 9.4% |
| Canada | 30.5 | 26.9 | 46.8 | 54.8 | 21.6% |
| Germany | 1.8 | 2.5 | 5.5 | 6.6 | 54.2% |
| United Kingdom | 0.4 | 0.7 | 2.7 | 2.8 | 91.3% |
| Others | 6.1 | 4.9 | 4.9 | 5.7 | -2.2% |
| Total | 83.0 | 82.2 | 123 | 128 | 15.5% |
Top Export Markets for Copper; Bars, Rods and Profiles, of Refined Copper from the United States in 2022:
- Mexico (5.7K tons)
- Canada (4.8K tons)
- United Kingdom (0.4K tons)
- Germany (0.4K tons)
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