Price for Copper; Copper-Tin Base Alloys (Bronze) Unwrought in South Korea - 2022
Contents:
- Price for Copper; Copper-Tin Base Alloys (Bronze) Unwrought in South Korea (FOB) - 2022
- Price for Copper; Copper-Tin Base Alloys (Bronze) Unwrought in South Korea (CIF) - 2022
- Exports of Copper; Copper-Tin Base Alloys (Bronze) Unwrought in South Korea
- Imports of Copper; Copper-Tin Base Alloys (Bronze) Unwrought in South Korea
Price for Copper; Copper-Tin Base Alloys (Bronze) Unwrought in South Korea (FOB) - 2022
The average export price for copper; copper-tin base alloys (bronze) unwroughts stood at $8,533 per ton in December 2022, picking up by 5.8% against the previous month. Overall, the export price, however, showed a mild decline. Over the period under review, the average export prices hit record highs at $10,799 per ton in May 2022; however, from June 2022 to December 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In December 2022, the highest price was recorded for prices to Thailand ($8,885 per ton) and China ($8,480 per ton), while the average price for exports to the Philippines ($8,090 per ton) and Malaysia ($8,285 per ton) were amongst the lowest.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (-1.1%), while the prices for the other major destinations experienced a decline.
Price for Copper; Copper-Tin Base Alloys (Bronze) Unwrought in South Korea (CIF) - 2022
In 2022, the average import price for copper; copper-tin base alloys (bronze) unwroughts amounted to $15,663 per ton, surging by 30% against the previous year. Overall, the import price continues to indicate a strong expansion. The pace of growth appeared the most rapid in 2017 an increase of 67% against the previous year. The import price peaked at $17,731 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($55,068 per ton), while the price for the Philippines ($1,289 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+16.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Copper; Copper-Tin Base Alloys (Bronze) Unwrought in South Korea
In 2022, after two years of decline, there was significant growth in shipments abroad of copper; copper-tin base alloys (bronze) unwroughts, when their volume increased by 6.1% to 7.3K tons. In general, exports, however, faced a deep slump.
In value terms, exports of copper; copper-tin base alloys (bronze) unwroughts soared to $69M in 2022. Over the period under review, total exports indicated a pronounced increase from 2019 to 2022: its value increased at an average annual rate of +3.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.9% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 35% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
Export of Copper; Copper-Tin Base Alloys (Bronze) Unwrought in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 13.1 | 10.6 | 16.1 | 16.6 | 8.2% |
Thailand | 12.4 | 6.9 | 7.8 | 9.1 | -9.8% |
Indonesia | 2.4 | 2.2 | 3.0 | 4.4 | 22.4% |
Philippines | 1.5 | 0.6 | 1.3 | 1.6 | 2.2% |
Malaysia | 0.7 | 0.9 | 1.1 | 1.4 | 26.0% |
Japan | 0.6 | 0.5 | 0.8 | 1.1 | 22.4% |
Others | 31.6 | 22.5 | 29.7 | 35.0 | 3.5% |
Total | 62.5 | 44.2 | 59.7 | 69.3 | 3.5% |
Top Export Markets for Copper; Copper-Tin Base Alloys (Bronze) Unwrought from South Korea in 2022:
- China (1.7K tons)
- Thailand (0.9K tons)
- Indonesia (0.5K tons)
- Philippines (0.2K tons)
- Malaysia (0.2K tons)
- Japan (0.1K tons)
Imports of Copper; Copper-Tin Base Alloys (Bronze) Unwrought in South Korea
In 2022, approx. 68 tons of copper; copper-tin base alloys (bronze) unwroughts were imported into South Korea; with an increase of 116% compared with the previous year's figure. Over the period under review, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 404%. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, imports of copper; copper-tin base alloys (bronze) unwroughts surged to $1.1M in 2022. In general, imports showed a significant increase. The growth pace was the most rapid in 2021 with an increase of 289% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
Import of Copper; Copper-Tin Base Alloys (Bronze) Unwrought in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Brazil | 26.3 | 35.5 | 135 | 295 | 123.8% |
Ecuador | 6.8 | 19.5 | 51.8 | 102 | 146.6% |
Australia | 9.8 | 10.7 | 33.0 | 58.7 | 81.6% |
Germany | 0.9 | 1.5 | 2.5 | 55.9 | 296.0% |
Pakistan | 7.6 | 9.5 | 30.1 | 54.8 | 93.2% |
Madagascar | 5.1 | 5.1 | 14.3 | 19.3 | 55.8% |
Philippines | 0.9 | 1.0 | 3.0 | 5.1 | 78.3% |
Others | 25.4 | 15.2 | 111 | 480 | 166.4% |
Total | 82.7 | 97.9 | 381 | 1,071 | 134.8% |
Top Suppliers of Copper; Copper-Tin Base Alloys (Bronze) Unwrought to South Korea in 2022:
- Brazil (18.4 tons)
- Ecuador (11.8 tons)
- Pakistan (6.3 tons)
- Madagascar (6.3 tons)
- Philippines (3.9 tons)
- Germany (1.9 tons)
- Australia (1.1 tons)
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