Price for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Hungary - 2022

Contents:

1. Price for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Hungary (CIF) - 2022
2. Price for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Hungary (FOB) - 2022
3. Imports of Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Hungary
4. Exports of Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Hungary

Price for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Hungary (CIF) - 2022

In 2022, the average import price for copper; cast, moulded, stamped or forged, but not further worked amounted to $25,716 per ton, declining by -13.8% against the previous year. Over the period under review, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.9% 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; cast, moulded, stamped or forged, but not further worked increased by +76.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 an increase of 57% against the previous year. As a result, import price reached the peak level of $29,838 per ton, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($115,172 per ton), while the price for Poland ($12,524 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Hungary (FOB) - 2022

The average export price for copper; cast, moulded, stamped or forged, but not further worked stood at $15,228 per ton in 2022, falling by -19.4% against the previous year. In general, the export price, however, continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2013 an increase of 73% against the previous year. The export price peaked at $18,889 per ton in 2021, and then reduced markedly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($70,468 per ton), while the average price for exports to Poland ($6,288 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 the United States (+15.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Hungary

In 2022, after two years of decline, there was significant growth in purchases abroad of copper; cast, moulded, stamped or forged, but not further worked, when their volume increased by 19% to 412 tons. Over the period under review, imports, however, continue to indicate a deep contraction.

In value terms, imports of copper; cast, moulded, stamped or forged, but not further worked expanded to $11M in 2022. The total import value increased at an average annual rate of +1.8% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 7.8%. As a result, imports reached the peak of $11M. From 2021 to 2022, the growth of imports of failed to regain momentum.

Top Suppliers of Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked to Hungary in 2022:

1. Germany (239.1 tons)
2. Poland (79.2 tons)
3. Italy (23.7 tons)
4. Belgium (22.5 tons)
5. Netherlands (18.0 tons)
6. France (13.7 tons)
7. China (7.6 tons)

Exports of Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Hungary

In 2022, shipments abroad of copper; cast, moulded, stamped or forged, but not further worked was finally on the rise to reach 25 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, faced a sharp setback.

In value terms, exports of copper; cast, moulded, stamped or forged, but not further worked fell to $376K in 2022. Over the period under review, exports, however, continue to indicate a dramatic decline. The most prominent rate of growth was recorded in 2021 when exports increased by 25%.

Top Export Markets for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked from Hungary in 2022:

1. Poland (7.1 tons)
2. Serbia (6.8 tons)
3. Romania (5.4 tons)
4. Germany (2.4 tons)
5. Belgium (2.0 tons)
6. United States (0.6 tons)

Source: IndexBox Market Intelligence Platform