Price for Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Canada - 2024
Contents:
- Price for Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Canada (FOB) - 2024
- Price for Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Canada (CIF) - 2022
- Exports of Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Canada
- Imports of Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Canada
Price for Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Canada (FOB) - 2024
The average export price for copper; copper-zinc base alloys (brass) unwroughts stood at $8,060 per ton in March 2024, almost unchanged from the previous month. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in November 2023 when the average export price increased by 2.9% month-to-month. Over the period under review, the average export prices hit record highs at $8,816 per ton in April 2023; however, from May 2023 to March 2024, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In March 2024, the country with the highest price was the United States ($8,180 per ton), while the average price for exports to China stood at $4,098 per ton.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to China (+0.2%).
Price for Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Canada (CIF) - 2022
The average import price for copper; copper-zinc base alloys (brass) unwroughts stood at $8,787 per ton in 2022, picking up by 5.4% against the previous year. Over the period under review, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +2.4% 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-zinc base alloys (brass) unwroughts increased by +45.9% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by 44%. As a result, import price reached the peak level of $9,686 per ton. From 2016 to 2022, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($10,333 per ton), while the price for Israel ($8,287 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+22.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Canada
After three years of growth, shipments abroad of copper; copper-zinc base alloys (brass) unwroughts decreased by -9.3% to 24K tons in 2022. The total export volume increased at an average annual rate of +4.7% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 21%. As a result, the exports attained the peak of 27K tons, and then reduced in the following year.
In value terms, exports of copper; copper-zinc base alloys (brass) unwroughts declined to $217M in 2022. In general, exports, however, showed a remarkable increase. The pace of growth was the most pronounced in 2021 when exports increased by 80% against the previous year. As a result, the exports reached the peak of $232M, and then contracted in the following year.
Export of Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Canada (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 65.5 | 63.4 | 114 | 108 | 18.1% |
Others | 65.6 | 65.7 | 118 | 109 | 18.4% |
Total | 131 | 129 | 232 | 217 | 18.3% |
Top Export Markets for Copper; Copper-Zinc Base Alloys (Brass) Unwrought from Canada in 2022:
- United States (12.1K tons)
Imports of Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Canada
In 2022, overseas purchases of copper; copper-zinc base alloys (brass) unwroughts increased by 23% to 2.3K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a noticeable slump.
In value terms, imports of copper; copper-zinc base alloys (brass) unwroughts soared to $20M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +9.6% 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 +57.9% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Canada (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 7.2 | 6.1 | 7.6 | 9.5 | 9.7% |
Israel | N/A | N/A | N/A | 0.5 | 0% |
Others | 8.1 | 6.6 | 7.8 | 10.1 | 7.6% |
Total | 15.3 | 12.7 | 15.5 | 20.1 | 9.5% |
Top Suppliers of Copper; Copper-Zinc Base Alloys (Brass) Unwrought to Canada in 2022:
- United States (1076.3 tons)
- Israel (61.3 tons)
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