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

Contents:

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

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

The average export price for copper; copper-zinc base alloys (brass) unwroughts stood at $6,116 per ton in 2022, increasing by 23% against the previous year. Overall, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for copper; copper-zinc base alloys (brass) unwroughts increased by +73.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 42% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($6,099 per ton), while the average price for exports to Sweden amounted to $3,078 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+13.7%), while the prices for the other major destinations experienced a decline.

Price for Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Norway (CIF) - 2022

In 2022, the average import price for copper; copper-zinc base alloys (brass) unwroughts amounted to $23,584 per ton, shrinking by -27.5% against the previous year. Over the period under review, the import price, however, saw strong growth. The pace of growth was the most pronounced in 2018 an increase of 238%. Over the period under review, average import prices hit record highs at $32,539 per ton in 2021, and then reduced remarkably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($49,485 per ton), while the price for the UK ($8,927 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, after two years of decline, there was significant growth in shipments abroad of copper; copper-zinc base alloys (brass) unwroughts, when their volume increased by 27% to 203 tons. In general, exports, however, showed a sharp decrease.

In value terms, exports of copper; copper-zinc base alloys (brass) unwroughts surged to $1.2M in 2022. Over the period under review, exports, however, faced a significant curtailment.

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

1. Turkey (100.4 tons)
2. Sweden (1.7 tons)

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

In 2022, approx. 29 tons of copper; copper-zinc base alloys (brass) unwroughts were imported into Norway; with an increase of 47% against the year before. Over the period under review, imports, however, showed a deep slump.

In value terms, imports of copper; copper-zinc base alloys (brass) unwroughts expanded significantly to $676K in 2022. The total import value increased at an average annual rate of +1.6% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 with an increase of 8.4% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

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

1. Sweden (6.5 tons)
2. Germany (5.8 tons)
3. Denmark (2.1 tons)
4. China (1.0 tons)
5. United Kingdom (0.5 tons)
6. Italy (0.4 tons)

Source: IndexBox Market Intelligence Platform