Price for Copper Plates, Sheets and Strip in the UK - 2023

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

In 2022, the average import price for copper plates, sheets and strips amounted to $10,070 per ton, picking up by 8.9% against the previous year. In general, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper plates, sheets and strip import price increased by +54.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 42% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were France ($12,798 per ton) and Italy ($10,377 per ton), while the price for the Netherlands ($8,887 per ton) and Bulgaria ($9,487 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for copper plates, sheets and strips stood at $12,413 per ton in 2022, growing by 6.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The pace of growth appeared the most rapid in 2021 an increase of 32%. The export price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Canada ($13,317 per ton) and Germany ($12,880 per ton), while the average price for exports to Kuwait ($9,685 per ton) and the United Arab Emirates ($10,384 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Plates, Sheets and Strip in the UK

In 2022, the amount of copper plates, sheets and strips imported into the UK dropped slightly to 20K tons, approximately equating the previous year's figure. In general, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 2.4%.

In value terms, copper plates, sheets and strip imports reached $205M in 2022. Over the period under review, total imports indicated slight growth from 2019 to 2022: its value increased at an average annual rate of +1.2% 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 +58.3% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 46% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Import of Copper Plates, Sheets and Strip in the UK (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	137	87.3	114	124	-3.3%
Finland	11.7	9.2	18.0	17.6	14.6%
Bulgaria	11.4	10.6	12.1	14.1	7.3%
Turkey	4.8	4.5	10.7	10.8	31.0%
Italy	4.9	4.4	11.9	10.5	28.9%
Netherlands	4.9	3.3	6.4	6.8	11.5%
Serbia	2.2	1.2	0.7	4.6	27.9%
France	7.5	5.0	3.1	2.3	-32.6%
Others	13.8	3.9	11.9	13.9	0.2%
Total	198	130	189	205	1.2%

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

Germany (12.5K tons)
Finland (1.8K tons)
Bulgaria (1.5K tons)
Turkey (1.1K tons)
Italy (1.0K tons)
Netherlands (0.8K tons)
Serbia (0.5K tons)
France (0.2K tons)

Exports of Copper Plates, Sheets and Strip in the UK

In 2022, copper plates, sheets and strip exports from the UK rose remarkably to 14K tons, growing by 6.5% on the previous year. The total export volume increased at an average annual rate of +2.7% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 17% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, copper plates, sheets and strip exports rose remarkably to $170M in 2022. Overall, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +14.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +75.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 55%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the near future.

Export of Copper Plates, Sheets and Strip in the UK (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	52.4	44.3	55.1	54.6	1.4%
United States	18.0	18.0	33.7	42.6	33.3%
Italy	2.1	1.3	10.5	8.8	61.2%
Hong Kong SAR	2.0	3.0	5.9	6.9	51.1%
Saudi Arabia	3.9	3.7	3.6	5.4	11.5%
United Arab Emirates	4.4	2.7	4.2	3.9	-3.9%
Qatar	1.0	0.9	2.0	3.9	57.4%
Spain	0.5	0.2	5.1	3.7	94.9%
Ireland	7.4	6.9	8.2	2.9	-26.8%
Canada	1.5	0.2	0.1	2.7	21.6%
Kuwait	1.6	1.1	2.1	2.5	16.0%
Others	18.8	14.9	19.9	32.6	20.1%
Total	113	97.2	150	170	14.6%