Price for Copper Plates, Sheets and Strip in Chile - 2023

Contents:

1. Price for Copper Plates, Sheets and Strip in Chile (CIF) - 2022
2. Price for Copper Plates, Sheets and Strip in Chile (FOB) - 2022
3. Imports of Copper Plates, Sheets and Strip in Chile
4. Exports of Copper Plates, Sheets and Strip in Chile

Price for Copper Plates, Sheets and Strip in Chile (CIF) - 2022

In 2022, the average import price for copper plates, sheets and strips amounted to $10,748 per ton, with an increase of 76% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Italy ($15,325 per ton), while the price for Peru ($6,672 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper Plates, Sheets and Strip in Chile (FOB) - 2022

The average export price for copper plates, sheets and strips stood at $9,982 per ton in 2022, surging by 14% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average export price increased by 78% against the previous year. As a result, the export price attained the peak level of $14,232 per ton. From 2016 to 2022, the average 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 Peru ($18,297 per ton), while the average price for exports to South Korea ($8,511 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+44.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Plates, Sheets and Strip in Chile

In 2022, imports of copper plates, sheets and strips into Chile shrank markedly to 531 tons, reducing by -61.6% compared with the previous year. Over the period under review, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 101%. As a result, imports reached the peak of 1.4K tons, and then fell notably in the following year.

In value terms, copper plates, sheets and strip imports declined significantly to $5.7M in 2022. Overall, total imports indicated a modest expansion from 2019 to 2022: its value increased at an average annual rate of +1.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +10.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 64% against the previous year. As a result, imports reached the peak of $8.5M, and then fell rapidly in the following year.

Top Suppliers of Copper Plates, Sheets and Strip to Chile in 2022:

1. China (204.2 tons)
2. Brazil (188.2 tons)
3. Mexico (70.0 tons)
4. Peru (48.1 tons)
5. Germany (10.6 tons)

Exports of Copper Plates, Sheets and Strip in Chile

For the third consecutive year, Chile recorded decline in shipments abroad of copper plates, sheets and strips, which decreased by -53.3% to 22 tons in 2022. Overall, exports continue to indicate a sharp shrinkage. The smallest decline of -2.7% was in 2020.

In value terms, copper plates, sheets and strip exports dropped remarkably to $224K in 2022. In general, exports showed a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of 25%. As a result, the exports reached the peak of $418K, and then declined remarkably in the following year.

Top Export Markets for Copper Plates, Sheets and Strip from Chile in 2022:

1. China (17.2 tons)
2. Peru (2.3 tons)
3. South Korea (2.2 tons)
4. Bolivia (0.6 tons)

Source: IndexBox Market Intelligence Platform