Price for Copper; Copper-Tin Base Alloys (Bronze) Unwrought in Vietnam - 2022

Contents:

1. Price for Copper; Copper-Tin Base Alloys (Bronze) Unwrought in Vietnam (CIF) - 2022
2. Price for Copper; Copper-Tin Base Alloys (Bronze) Unwrought in Vietnam (FOB) - 2022
3. Imports of Copper; Copper-Tin Base Alloys (Bronze) Unwrought in Vietnam
4. Exports of Copper; Copper-Tin Base Alloys (Bronze) Unwrought in Vietnam

Price for Copper; Copper-Tin Base Alloys (Bronze) Unwrought in Vietnam (CIF) - 2022

In 2022, the average import price for copper; copper-tin base alloys (bronze) unwroughts amounted to $9,692 per ton, surging by 14% against the previous year. In general, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for copper; copper-tin base alloys (bronze) unwroughts increased by +67.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 30%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($16,002 per ton), while the price for Singapore ($1,270 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper; Copper-Tin Base Alloys (Bronze) Unwrought in Vietnam (FOB) - 2022

In 2022, the average export price for copper; copper-tin base alloys (bronze) unwroughts amounted to $9,301 per ton, dropping by -45.6% against the previous year. Overall, the export price continues to indicate a deep reduction. The pace of growth was the most pronounced in 2020 an increase of 127% against the previous year. The export price peaked at $17,110 per ton in 2021, and then fell notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($32,135 per ton), while the average price for exports to the United States ($9,266 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 Indonesia (+32.2%), while the prices for the other major destinations experienced a decline.

Imports of Copper; Copper-Tin Base Alloys (Bronze) Unwrought in Vietnam

After three years of growth, purchases abroad of copper; copper-tin base alloys (bronze) unwroughts decreased by -13.3% to 77 tons in 2022. The total import volume increased at an average annual rate of +1.6% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 14%.

In value terms, imports of copper; copper-tin base alloys (bronze) unwroughts dropped slightly to $747K in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 37%. As a result, imports reached the peak of $753K, leveling off in the following year.

Top Suppliers of Copper; Copper-Tin Base Alloys (Bronze) Unwrought to Vietnam in 2022:

1. Singapore (15.2 tons)
2. Taiwan (Chinese) (14.5 tons)
3. China (9.4 tons)
4. Spain (2.6 tons)
5. Japan (2.5 tons)
6. South Korea (1.8 tons)
7. United States (1.0 tons)

Exports of Copper; Copper-Tin Base Alloys (Bronze) Unwrought in Vietnam

For the fourth consecutive year, Vietnam recorded growth in shipments abroad of copper; copper-tin base alloys (bronze) unwroughts, which increased by 511% to 50 tons in 2022. Over the period under review, exports saw a significant increase. The growth pace was the most rapid in 2020 with an increase of 2,182%. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, exports of copper; copper-tin base alloys (bronze) unwroughts surged to $467K in 2022. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 5,090%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Copper; Copper-Tin Base Alloys (Bronze) Unwrought from Vietnam in 2022:

1. United States (50.1 tons)
2. Indonesia (0.1 tons)

Source: IndexBox Market Intelligence Platform