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

Contents:

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

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

In 2022, the average export price for copper; copper-zinc base alloys (brass) unwroughts amounted to $2,860 per ton, which is down by -1.7% against the previous year. Overall, the export price, however, recorded a slight expansion. The most prominent rate of growth was recorded in 2013 an increase of 456% against the previous year. The export price peaked at $16,965 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +19.1% per year.

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

The average import price for copper; copper-zinc base alloys (brass) unwroughts stood at $8,531 per ton in 2022, picking up by 6.7% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 29%. Over the period under review, average import prices reached the maximum at $9,179 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 China ($11,667 per ton), while the price for Taiwan (Chinese) ($7,771 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+25.4%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, after three years of growth, there was significant decline in overseas shipments of copper; copper-zinc base alloys (brass) unwroughts, when their volume decreased by -89.4% to 4.5K tons. Overall, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 1,807%. As a result, the exports reached the peak of 43K tons, and then shrank notably in the following year.

In value terms, exports of copper; copper-zinc base alloys (brass) unwroughts dropped remarkably to $13M in 2022. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 1,960%. As a result, the exports attained the peak of $124M, and then contracted rapidly in the following year.

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

1. China (2.2K tons)

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

In 2022, supplies from abroad of copper; copper-zinc base alloys (brass) unwroughts was finally on the rise to reach 918 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a dramatic contraction.

In value terms, imports of copper; copper-zinc base alloys (brass) unwroughts skyrocketed to $7.8M in 2022. Over the period under review, imports, however, recorded a sharp setback.

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

1. Japan (445.7 tons)
2. Taiwan (Chinese) (12.4 tons)

Source: IndexBox Market Intelligence Platform