Price for Copper; Refined and Copper Alloys, Unwrought in Argentina - 2023

Contents:

  1. Price for Copper; Refined and Copper Alloys, Unwrought in Argentina (CIF) - 2023
  2. Price for Copper; Refined and Copper Alloys, Unwrought in Argentina (FOB) - 2022
  3. Imports of Copper; Refined and Copper Alloys, Unwrought in Argentina
  4. Exports of Copper; Refined and Copper Alloys, Unwrought in Argentina

Price for Copper; Refined and Copper Alloys, Unwrought in Argentina (CIF) - 2023

The average import price for copper; refined and copper alloys, unwroughts stood at $9,371 per ton in June 2023, growing by 12% against the previous month. Over the last six months, it increased at an average monthly rate of +3.8%. The most prominent rate of growth was recorded in February 2023 an increase of 19% against the previous month. Over the period under review, average import prices attained the maximum at $10,007 per ton in March 2023; however, from April 2023 to June 2023, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Chile.

From December 2022 to June 2023, the rate of growth in terms of prices for Brazil amounted to +31.4% per month.

Price for Copper; Refined and Copper Alloys, Unwrought in Argentina (FOB) - 2022

The average export price for copper; refined and copper alloys, unwroughts stood at $6,870 per ton in 2022, with a decrease of -49.7% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 193%. The export price peaked at $15,697 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($6,740 per ton), while the average price for exports to Brazil stood at $4,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+16.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Copper; Refined and Copper Alloys, Unwrought in Argentina

In 2022, after three years of growth, there was significant decline in purchases abroad of copper; refined and copper alloys, unwroughts, when their volume decreased by -38.3% to 1.7K tons. Over the period under review, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 433% against the previous year.

In value terms, imports of copper; refined and copper alloys, unwroughts fell sharply to $14M in 2022. Overall, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 454%.

Import of Copper; Refined and Copper Alloys, Unwrought in Argentina (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Chile1.37.121.212.8114.3%
Italy0.10.91.11.3135.1%
Others0.10.40.20.10.0%
Total1.58.422.514.3112.0%

Top Suppliers of Copper; Refined and Copper Alloys, Unwrought to Argentina in 2022:

  1. Chile (1489.4 tons)
  2. Italy (184.2 tons)

Exports of Copper; Refined and Copper Alloys, Unwrought in Argentina

In 2022, after two years of decline, there was significant growth in shipments abroad of copper; refined and copper alloys, unwroughts, when their volume increased by 2,600% to 82 tons. In general, exports, however, saw a precipitous shrinkage.

In value terms, exports of copper; refined and copper alloys, unwroughts skyrocketed to $564K in 2022. Overall, exports, however, faced a dramatic curtailment.

Export of Copper; Refined and Copper Alloys, Unwrought in Argentina (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China214275N/A54436.5%
Uruguay56.462.023.5N/A-35.5%
Brazil2,579N/AN/AN/A0%
Others9.41.518.020.629.9%
Total2,85833941.5564-41.8%

Top Export Markets for Copper; Refined and Copper Alloys, Unwrought from Argentina in 2022:

  1. China (80.7 tons)

Source: IndexBox Market Intelligence Platform

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