Price for Copper; Refined and Copper Alloys, Unwrought in Israel - 2024

Contents:

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

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

The average export price for copper; refined and copper alloys, unwroughts stood at $8,257 per ton in 2022, picking up by 27% against the previous year. Over the period under review, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for copper; refined and copper alloys, unwroughts increased by +64.8% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 30%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($8,303 per ton), while the average price for exports to Canada stood at $7,759 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for copper; refined and copper alloys, unwroughts amounted to $7,815 per ton, which is down by -11.1% against the previous year. Overall, the import price recorded a noticeable downturn. The most prominent rate of growth was recorded in 2021 an increase of 47%. The import price peaked at $10,091 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Portugal ($10,660 per ton) and Spain ($10,455 per ton), while the price for Turkey ($7,124 per ton) and Italy ($7,237 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+8.5%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, after three years of growth, there was significant decline in overseas shipments of copper; refined and copper alloys, unwroughts, when their volume decreased by -32.5% to 3.5K tons. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 207% against the previous year.

In value terms, exports of copper; refined and copper alloys, unwroughts shrank to $29M in 2022. In general, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 173% against the previous year.

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

1. United States (3.2K tons)
2. Canada (0.3K tons)

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

In 2022, supplies from abroad of copper; refined and copper alloys, unwroughts decreased by -9.6% to 259 tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +23.6% 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 +88.6% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 70% against the previous year.

In value terms, imports of copper; refined and copper alloys, unwroughts shrank significantly to $2M in 2022. Overall, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 80%. As a result, imports reached the peak of $2.5M, and then dropped remarkably in the following year.

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

1. Italy (107.6 tons)
2. Turkey (90.7 tons)
3. Spain (21.9 tons)
4. Portugal (11.1 tons)
5. Germany (8.8 tons)
6. United States (7.6 tons)
7. France (2.9 tons)
8. Serbia (0.9 tons)

Source: IndexBox Market Intelligence Platform