Price for Copper; Copper-Tin Base Alloys (Bronze) Unwrought in the Philippines - 2024
Contents:
- Price for Copper; Copper-Tin Base Alloys (Bronze) Unwrought in the Philippines (CIF) - 2024
- Price for Copper; Copper-Tin Base Alloys (Bronze) Unwrought in the Philippines (FOB) - 2022
- Imports of Copper; Copper-Tin Base Alloys (Bronze) Unwrought in the Philippines
- Exports of Copper; Copper-Tin Base Alloys (Bronze) Unwrought in the Philippines
Price for Copper; Copper-Tin Base Alloys (Bronze) Unwrought in the Philippines (CIF) - 2024
The average import price for copper; copper-tin base alloys (bronze) unwroughts stood at $9,736 per ton in January 2024, which is down by -53.6% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in December 2023 an increase of 135% m-o-m. As a result, import price reached the peak level of $20,962 per ton, and then shrank notably in the following month.
Average prices varied noticeably amongst the major supplying countries. In January 2024, the country with the highest price was Spain ($10,643 per ton), while the price for South Korea totaled $8,927 per ton.
From March 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Japan (+0.5%), while the prices for the other major suppliers experienced a decline.
Price for Copper; Copper-Tin Base Alloys (Bronze) Unwrought in the Philippines (FOB) - 2022
The average export price for copper; copper-tin base alloys (bronze) unwroughts stood at $33,496 per ton in 2021, growing by 415% against the previous year. In general, the export price recorded a resilient expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by 641% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in the near future.
As there is only one major export destination, the average price level is determined by prices for Papua New Guinea.
From 2013 to 2021, the rate of growth in terms of prices for Papua New Guinea amounted to +191.4% per year.
Imports of Copper; Copper-Tin Base Alloys (Bronze) Unwrought in the Philippines
For the third consecutive year, the Philippines recorded decline in overseas purchases of copper; copper-tin base alloys (bronze) unwroughts, which decreased by -1.9% to 547 tons in 2022. In general, imports saw a abrupt descent. The smallest decline of -0.9% was in 2021.
In value terms, imports of copper; copper-tin base alloys (bronze) unwroughts fell modestly to $5.7M in 2022. Overall, imports recorded a deep setback. The growth pace was the most rapid in 2021 with an increase of 36%.
| Import of Copper; Copper-Tin Base Alloys (Bronze) Unwrought in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 2,068 | 753 | 1,586 | 1,653 | -7.2% |
| Spain | 483 | 433 | 632 | 625 | 9.0% |
| Japan | 575 | 457 | 452 | 535 | -2.4% |
| Thailand | N/A | 144 | N/A | N/A | 0% |
| China | 438 | 333 | 188 | N/A | -34.5% |
| Others | 3,565 | 2,135 | 2,911 | 2,839 | -7.3% |
| Total | 7,130 | 4,255 | 5,770 | 5,651 | -7.5% |
Top Suppliers of Copper; Copper-Tin Base Alloys (Bronze) Unwrought to the Philippines in 2022:
- South Korea (175.5 tons)
- Spain (50.3 tons)
- Japan (47.2 tons)
Exports of Copper; Copper-Tin Base Alloys (Bronze) Unwrought in the Philippines
In 2021, approx. 123 kg of copper; copper-tin base alloys (bronze) unwroughts were exported from the Philippines; dropping by -89% compared with 2020. In general, exports faced a sharp setback. The smallest decline of -16.6% was in 2020.
In value terms, exports of copper; copper-tin base alloys (bronze) unwroughts declined sharply to $4.1K in 2021. Overall, exports saw a abrupt decrease. The growth pace was the most rapid in 2020 when exports increased by 39% against the previous year. As a result, the exports reached the peak of $7.2K, and then reduced dramatically in the following year.
| Export of Copper; Copper-Tin Base Alloys (Bronze) Unwrought in the Philippines (Thousand USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
| Papua New Guinea | 5.2 | 7.2 | 4.1 | -11.2% |
| Others | N/A | N/A | 0.1 | 0% |
| Total | 5.2 | 7.2 | 4.1 | -11.2% |
Top Export Markets for Copper; Copper-Tin Base Alloys (Bronze) Unwrought from the Philippines in 2022:
- Papua New Guinea (122.0 kg)
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