Price for Copper Oxides and Hydroxides in the UK - 2023

Contents:

1. Price for Copper Oxides and Hydroxides in the UK (CIF) - 2023
2. Price for Copper Oxides and Hydroxides in the UK (FOB) - 2023
3. Imports of Copper Oxides and Hydroxides in the UK
4. Exports of Copper Oxides and Hydroxides in the UK

Price for Copper Oxides and Hydroxides in the UK (CIF) - 2023

The average copper oxides and hydroxides import price stood at $9,457 per ton in June 2023, with an increase of 2.6% against the previous month. Overall, the import price, however, showed a mild decline. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 8.4% m-o-m. Over the period under review, average import prices attained the maximum at $10,721 per ton in June 2022; however, from July 2022 to June 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the United States ($10,365 per ton), while the price for Italy ($4,634 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Italy (+50.1%), while the prices for the other major suppliers experienced a decline.

Price for Copper Oxides and Hydroxides in the UK (FOB) - 2023

In June 2023, the average copper oxides and hydroxides export price amounted to $9,740 per ton, shrinking by -58.2% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 an increase of 226% month-to-month. Over the period under review, the average export prices attained the maximum at $23,328 per ton in May 2023, and then declined remarkably in the following month.

There were significant differences in the average prices for the major foreign markets. In June 2023, the country with the highest price was Ireland ($23,846 per ton), while the average price for exports to the Netherlands amounted to $8,877 per ton.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Oxides and Hydroxides in the UK

In 2022, copper oxides and hydroxides imports into the UK soared to 4.1K tons, with an increase of 16% on the previous year. The total import volume increased at an average annual rate of +7.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, copper oxides and hydroxides imports soared to $38M in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.6% 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 +75.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 31%. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Copper Oxides and Hydroxides to the UK in 2022:

1. Australia (1680.1 tons)
2. United States (1214.1 tons)
3. Germany (614.0 tons)
4. Norway (544.0 tons)

Exports of Copper Oxides and Hydroxides in the UK

In 2022, approx. 202 tons of copper oxides and hydroxideses were exported from the UK; with an increase of 4.6% on 2021. Over the period under review, exports, however, faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year.

In value terms, copper oxides and hydroxides exports declined to $1.8M in 2022. Overall, exports, however, recorded a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of 37% against the previous year.

Top Export Markets for Copper Oxides and Hydroxides from the UK in 2022:

1. Spain (61.2 tons)
2. Netherlands (37.4 tons)
3. Germany (24.3 tons)
4. Ireland (13.9 tons)
5. New Zealand (13.0 tons)
6. Italy (12.9 tons)
7. Colombia (9.9 tons)
8. France (6.3 tons)
9. Belgium (1.0 tons)
10. Australia (0.7 tons)
11. Canada (0.2 tons)

Source: IndexBox Market Intelligence Platform