Price for Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Italy - 2024

Contents:

  1. Price for Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Italy (CIF) - 2024
  2. Price for Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Italy (FOB) - 2022
  3. Imports of Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Italy
  4. Exports of Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Italy

Price for Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Italy (CIF) - 2024

In March 2024, the average import price for copper; copper-zinc base alloys (brass) unwroughts amounted to $7,336 per ton, increasing by 16% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in December 2023 when the average import price increased by 17% m-o-m. As a result, import price attained the peak level of $8,162 per ton. From January 2024 to March 2024, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In March 2024, the country with the highest price was Turkey ($7,558 per ton), while the price for Algeria totaled $5,107 per ton.

From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Algeria (0.0%), while the prices for the other major suppliers experienced a decline.

Price for Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Italy (FOB) - 2022

In 2022, the average export price for copper; copper-zinc base alloys (brass) unwroughts amounted to $8,311 per ton, picking up by 17% against the previous year. Over the period under review, the export price, however, continues to indicate a slight setback. The most prominent rate of growth was recorded in 2017 an increase of 56% against the previous year. Over the period under review, the average export prices hit record highs at $9,538 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($13,952 per ton), while the average price for exports to Taiwan (Chinese) ($6,077 per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+22.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Italy

In 2022, imports of copper; copper-zinc base alloys (brass) unwroughts into Italy soared to 18K tons, increasing by 17% on the previous year's figure. In general, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 191% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of copper; copper-zinc base alloys (brass) unwroughts surged to $130M in 2022. Over the period under review, imports saw a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 302% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Italy (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Turkey9.29.969.681.1106.6%
France16.811.224.040.634.2%
Spain3.31.02.92.7-6.5%
Germany2.00.30.92.11.6%
Russia0.81.71.0N/A11.8%
Others40.01.23.64.0-53.6%
Total72.025.410213021.8%

Top Suppliers of Copper; Copper-Zinc Base Alloys (Brass) Unwrought to Italy in 2022:

  1. Turkey (11.1K tons)
  2. France (5.7K tons)
  3. Germany (0.3K tons)
  4. Spain (0.3K tons)

Exports of Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Italy

In 2022, exports of copper; copper-zinc base alloys (brass) unwroughts from Italy fell sharply to 10K tons, with a decrease of -22.4% against 2021. Over the period under review, exports saw a abrupt contraction. The smallest decline of -17.5% was in 2020.

In value terms, exports of copper; copper-zinc base alloys (brass) unwroughts fell to $86M in 2022. Overall, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 10%.

Export of Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Italy (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China13.230.735.016.78.2%
France5.318.77.412.232.0%
Germany11.37.412.010.3-3.0%
Hong Kong SAR0.53.23.47.4145.5%
Spain4.83.26.96.18.3%
Luxembourg6.16.17.35.2-5.2%
South Korea2.72.42.93.03.6%
Thailand2.10.71.93.012.6%
Egypt0.81.21.22.750.0%
Taiwan (Chinese)2.82.62.62.5-3.7%
ArgentinaN/A0.80.91.432.3%
Greece0.60.61.21.329.4%
Tunisia0.30.50.51.363.0%
Others74.17.411.312.7-44.5%
Total12585.594.585.8-11.8%

Top Export Markets for Copper; Copper-Zinc Base Alloys (Brass) Unwrought from Italy in 2022:

  1. China (2731.6 tons)
  2. France (1462.9 tons)
  3. Hong Kong SAR (1140.3 tons)
  4. Germany (873.4 tons)
  5. Spain (770.0 tons)
  6. Luxembourg (546.2 tons)
  7. Taiwan (Chinese) (407.0 tons)
  8. Egypt (349.7 tons)
  9. South Korea (231.0 tons)
  10. Argentina (215.8 tons)
  11. Thailand (214.4 tons)
  12. Greece (176.0 tons)
  13. Tunisia (171.1 tons)

Source: IndexBox Market Intelligence Platform

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