Price for Copper; Powders and Flakes in Vietnam - 2022

Contents:

  1. Price for Copper; Powders and Flakes in Vietnam (CIF) - 2021
  2. Price for Copper; Powders and Flakes in Vietnam (FOB) - 2022
  3. Imports of Copper; Powders and Flakes in Vietnam
  4. Exports of Copper; Powders and Flakes in Vietnam

Price for Copper; Powders and Flakes in Vietnam (CIF) - 2021

The average copper; powders and flakes import price stood at $17,231 per ton in December 2021, growing by 11% against the previous month. In general, import price indicated a perceptible expansion from December 2020 to December 2021: its price increased at an average monthly rate of +4.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2021 figures, copper; powders and flakes import price increased by +15.9% against October 2021 indices. The pace of growth appeared the most rapid in January 2021 when the average import price increased by 85% against the previous month. Over the period under review, average import prices attained the maximum at $19,295 per ton in September 2021; however, from October 2021 to December 2021, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($20,050 per ton), while the price for China ($13,272 per ton) was amongst the lowest.

From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by South Korea (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper; Powders and Flakes in Vietnam (FOB) - 2022

The average copper; powders and flakes export price stood at $6,451 per ton in 2022, falling by -4.3% against the previous year. In general, the export price showed a perceptible setback. The pace of growth was the most pronounced in 2017 when the average export price increased by 19%. The export price peaked at $10,599 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($15,812 per ton), while the average price for exports to Malaysia ($2,365 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 Hong Kong SAR (+29.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper; Powders and Flakes in Vietnam

Copper; powders and flakes imports into Vietnam surged to 754 tons in 2022, with an increase of 94% compared with the year before. In general, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, copper; powders and flakes imports shrank sharply to $5.7M in 2022. Overall, imports saw buoyant growth. The growth pace was the most rapid in 2021 with an increase of 102% against the previous year. As a result, imports attained the peak of $7.7M, and then shrank sharply in the following year.

Import of Copper; Powders and Flakes in Vietnam (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan1,4591,1794,6192,42718.5%
Malaysia1,5391,9659102,0299.7%
South Korea31.0126528357125.8%
China16320056735029.0%
Germany2331945892694.9%
Others13813444729729.1%
Total3,5643,7987,6605,72917.1%

Top Suppliers of Copper; Powders and Flakes to Vietnam in 2022:

  1. Malaysia (629.1 tons)
  2. Japan (70.6 tons)
  3. South Korea (19.6 tons)
  4. China (11.6 tons)
  5. Germany (8.1 tons)

Exports of Copper; Powders and Flakes in Vietnam

In 2022, exports of copper; powders and flakeses from Vietnam fell sharply to 22 tons, declining by -35.4% compared with the year before. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 401% against the previous year. As a result, the exports reached the peak of 35 tons, and then contracted dramatically in the following year.

In value terms, copper; powders and flakes exports contracted dramatically to $144K in 2022. Overall, exports continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2021 with an increase of 322%. As a result, the exports reached the peak of $233K, and then declined significantly in the following year.

Export of Copper; Powders and Flakes in Vietnam (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Hong Kong SAR31.12.874.133.22.2%
China80.56.39.032.6-26.0%
South Korea15.715.753.228.321.7%
Malaysia15.314.545.825.618.7%
Cambodia2.43.820.310.965.6%
Japan5.14.614.06.79.5%
Taiwan (Chinese)8.15.914.45.5-12.1%
Others4.01.62.21.2-33.1%
Total16255.2233144-3.9%

Top Export Markets for Copper; Powders and Flakes from Vietnam in 2022:

  1. Malaysia (10.8 tons)
  2. Cambodia (2.7 tons)
  3. China (2.2 tons)
  4. South Korea (2.2 tons)
  5. Hong Kong SAR (2.1 tons)
  6. Taiwan (Chinese) (1.7 tons)
  7. Japan (0.5 tons)

Source: IndexBox Market Intelligence Platform

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