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)
529
This report provides an in-depth analysis of the copper market in Republic of Korea.
1260
This report provides an in-depth analysis of the global copper market.
622
This report provides an in-depth analysis of the global copper market.
338
This report provides an in-depth analysis of the unwrought copper alloy market in Republic of Korea.
529
This report provides an in-depth analysis of the copper market in Republic of Korea.
572
Global Unwrought Copper Alloy Market Report 2018. This report provides an in-depth analysis of the global unwrought copper alloy market.
1260
This report provides an in-depth analysis of the global copper market.
622
This report provides an in-depth analysis of the global copper market.
412
Explore the top import markets for copper, including China, the United States, Germany, Italy, and more. Learn about their import values and the role of copper in various industries.
2441
Global refined copper imports amounted to X tons in 2016, declining by -X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to X>
412
Explore the top import markets for copper, including China, the United States, Germany, Italy, and more. Learn about their import values and the role of copper in various industries.
2441
Global refined copper imports amounted to X tons in 2016, declining by -X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to X>
