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

Contents:

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

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

The average import price for copper; cast, moulded, stamped or forged, but not further worked stood at $7,700 per ton in December 2021, waning by -29.9% against the previous month. Over the last eleven months, it increased at an average monthly rate of +1.2%. The pace of growth appeared the most rapid in November 2021 when the average import price increased by 44% month-to-month. As a result, import price attained the peak level of $10,989 per ton, and then contracted sharply in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was France ($38,433 per ton), while the price for Italy ($7,668 per ton) was amongst the lowest.

From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by France (+37.3%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for copper; cast, moulded, stamped or forged, but not further worked amounted to $16,843 per ton, growing by 13% against the previous year. In general, the export price saw a resilient expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by 329%. As a result, the export price reached the peak level of $35,297 per ton. From 2017 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($46,376 per ton), while the average price for exports to Italy ($11,323 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 Czech Republic (+15.2%), 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 Luxembourg

In 2022, imports of copper; cast, moulded, stamped or forged, but not further worked into Luxembourg fell remarkably to 523 tons, shrinking by -46.8% compared with the year before. Over the period under review, imports, however, saw significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 1,434%. As a result, imports reached the peak of 984 tons, and then shrank notably in the following year.

In value terms, imports of copper; cast, moulded, stamped or forged, but not further worked plummeted to $4.1M in 2022. Overall, imports, however, showed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 1,613%. As a result, imports reached the peak of $7.7M, and then dropped remarkably in the following year.

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

1. Italy (343.9 tons)
2. Germany (166.5 tons)
3. France (10.3 tons)

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

In 2022, the amount of copper; cast, moulded, stamped or forged, but not further worked exported from Luxembourg dropped notably to 51 tons, waning by -22.2% against the previous year. In general, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 when exports increased by 80%.

In value terms, exports of copper; cast, moulded, stamped or forged, but not further worked contracted to $857K in 2022. Overall, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 33%.

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

1. Germany (39.6 tons)
2. Italy (6.2 tons)
3. Brazil (2.7 tons)
4. Belgium (1.7 tons)

Source: IndexBox Market Intelligence Platform