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

Contents:

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

Price for Copper; Refined and Copper Alloys, Unwrought in Bolivia (FOB) - 2023

In November 2023, the average export price for copper; refined and copper alloys, unwroughts amounted to $8,069 per ton, increasing by 1.6% against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $8,907 per ton in March 2023; however, from April 2023 to November 2023, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for China.

From January 2023 to November 2023, the rate of growth in terms of prices for China amounted to -0.7% per month.

Price for Copper; Refined and Copper Alloys, Unwrought in Bolivia (CIF) - 2022

The average import price for copper; refined and copper alloys, unwroughts stood at $10,154 per ton in 2022, waning by -10.7% against the previous year. Overall, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for copper; refined and copper alloys, unwroughts decreased by -6.1% against 2018 indices. The pace of growth appeared the most rapid in 2015 an increase of 77% against the previous year. As a result, import price attained the peak level of $13,859 per ton. From 2016 to 2022, the average import prices failed to regain momentum.

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 Brazil ($11,220 per ton), while the price for Peru ($7,358 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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

For the third consecutive year, Bolivia recorded decline in shipments abroad of copper; refined and copper alloys, unwroughts, which decreased by -22.1% to 1.2K tons in 2022. In general, exports faced a precipitous descent. The smallest decline of -21.6% was in 2020.

In value terms, exports of copper; refined and copper alloys, unwroughts dropped remarkably to $11M in 2022. Overall, exports recorded a abrupt descent. The pace of growth was the most pronounced in 2021 when exports increased by 11%.

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

1. China (753.3 tons)
2. United States (495.2 tons)

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

In 2022, purchases abroad of copper; refined and copper alloys, unwroughts was finally on the rise to reach 16 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of copper; refined and copper alloys, unwroughts soared to $160K in 2022. In general, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. Chile (14.0 tons)
2. Indonesia (0.6 tons)
3. Peru (0.5 tons)
4. United States (0.4 tons)
5. Brazil (0.1 tons)

Source: IndexBox Market Intelligence Platform