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

Contents:

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

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

The average import price for copper; cast, moulded, stamped or forged, but not further worked stood at $48,783 per ton in November 2021, with an increase of 96% against the previous month. Over the period under review, import price indicated a modest expansion from January 2021 to November 2021: its price increased at an average monthly rate of +1.9% over the last ten months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2021 figures, import price for copper; cast, moulded, stamped or forged, but not further worked increased by +96.3% against October 2021 indices. 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 November 2021, the country with the highest price was France ($105K per ton), while the price for Italy ($10,970 per ton) was amongst the lowest.

From January 2021 to November 2021, the most notable rate of growth in terms of prices was attained by Ireland (+31.3%), 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 Switzerland (FOB) - 2022

In 2022, the average export price for copper; cast, moulded, stamped or forged, but not further worked amounted to $50,842 per ton, shrinking by -13.5% against the previous year. In general, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for copper; cast, moulded, stamped or forged, but not further worked increased by +21.2% against 2020 indices. The pace of growth was the most pronounced in 2014 an increase of 47%. The export price peaked at $73,055 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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 France ($122,496 per ton), while the average price for exports to Italy ($9,582 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 (+14.0%), 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 Switzerland

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 11% to 117 tons. In general, imports, however, recorded a abrupt contraction.

In value terms, imports of copper; cast, moulded, stamped or forged, but not further worked contracted to $3.7M in 2022. Over the period under review, imports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 3.8% against the previous year.

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

1. Germany (58.9 tons)
2. Italy (29.8 tons)
3. France (9.6 tons)
4. Belgium (7.0 tons)
5. Finland (3.0 tons)
6. Iran (2.2 tons)

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

In 2022, overseas shipments of copper; cast, moulded, stamped or forged, but not further worked decreased by -5.7% to 68 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 +7.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 16% against the previous year.

In value terms, exports of copper; cast, moulded, stamped or forged, but not further worked fell significantly to $3.5M in 2022. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 59%. As a result, the exports attained the peak of $4.3M, and then fell significantly in the following year.

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

1. Germany (39.6 tons)
2. France (19.2 tons)
3. Italy (6.6 tons)

Source: IndexBox Market Intelligence Platform