Price for Copper; Refined and Copper Alloys, Unwrought in Norway - 2024
Contents:
- Price for Copper; Refined and Copper Alloys, Unwrought in Norway (FOB) - 2022
- Price for Copper; Refined and Copper Alloys, Unwrought in Norway (CIF) - 2022
- Exports of Copper; Refined and Copper Alloys, Unwrought in Norway
- Imports of Copper; Refined and Copper Alloys, Unwrought in Norway
Price for Copper; Refined and Copper Alloys, Unwrought in Norway (FOB) - 2022
The average export price for copper; refined and copper alloys, unwroughts stood at $8,842 per ton in 2022, with a decrease of -2.2% against the previous year. In general, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.1% 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 +35.9% against 2018 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by 53% against the previous year. As a result, the export price attained the peak level of $9,038 per ton, and then fell in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($158,677 per ton), while the average price for exports to Germany ($8,595 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 the United Arab Emirates (+34.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Copper; Refined and Copper Alloys, Unwrought in Norway (CIF) - 2022
In 2022, the average import price for copper; refined and copper alloys, unwroughts amounted to $10,585 per ton, increasing by 7.1% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 30%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.
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 Denmark ($33,636 per ton), while the price for Germany ($9,468 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+18.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Copper; Refined and Copper Alloys, Unwrought in Norway
For the third consecutive year, Norway recorded decline in overseas shipments of copper; refined and copper alloys, unwroughts, which decreased by -13.4% to 17K tons in 2022. Overall, exports continue to indicate a deep contraction. The smallest decline of -2.7% was in 2020.
In value terms, exports of copper; refined and copper alloys, unwroughts shrank sharply to $154M in 2022. The total export value increased at an average annual rate of +4.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 37% against the previous year. As a result, the exports attained the peak of $182M, and then contracted notably in the following year.
| Export of Copper; Refined and Copper Alloys, Unwrought in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 76.9 | 75.2 | 118 | 94.8 | 7.2% |
| Netherlands | 8.8 | 14.3 | 21.8 | 29.4 | 49.5% |
| Germany | 23.1 | 12.6 | 25.1 | 24.7 | 2.3% |
| Finland | 3.4 | 1.0 | 0.3 | 3.9 | 4.7% |
| Turkey | 2.0 | 2.6 | 0.4 | 0.6 | -33.1% |
| China | 16.9 | 26.0 | 16.0 | 0.1 | -81.9% |
| Others | 3.8 | 0.9 | 0.8 | 0.5 | -49.1% |
| Total | 135 | 133 | 182 | 154 | 4.5% |
Top Export Markets for Copper; Refined and Copper Alloys, Unwrought from Norway in 2022:
- Sweden (10.8K tons)
- Netherlands (3.3K tons)
- Germany (2.9K tons)
- Finland (0.4K tons)
Imports of Copper; Refined and Copper Alloys, Unwrought in Norway
In 2022, the amount of copper; refined and copper alloys, unwroughts imported into Norway skyrocketed to 995 tons, with an increase of 32% against the previous year's figure. Overall, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +10.9% 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 +91.6% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 45%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of copper; refined and copper alloys, unwroughts surged to $11M in 2022. In general, imports recorded prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 89%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Copper; Refined and Copper Alloys, Unwrought in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 0.7 | 0.7 | 1.8 | 3.6 | 72.6% |
| Sweden | 2.0 | 1.5 | 2.1 | 2.6 | 9.1% |
| Spain | 0.5 | 0.7 | 1.4 | 1.7 | 50.4% |
| United Kingdom | 0.4 | 0.2 | 1.5 | 1.6 | 58.7% |
| Denmark | 0.4 | 0.3 | 0.3 | 0.4 | 0.0% |
| Latvia | 1.4 | 0.1 | N/A | N/A | -92.9% |
| Brazil | N/A | 0.3 | 0.2 | N/A | -33.3% |
| Others | 1.1 | 0.3 | 0.2 | 0.7 | -14.0% |
| Total | 6.4 | 4.0 | 7.5 | 10.5 | 17.9% |
Top Suppliers of Copper; Refined and Copper Alloys, Unwrought to Norway in 2022:
- Germany (376.3 tons)
- Sweden (248.1 tons)
- Spain (164.3 tons)
- United Kingdom (158.3 tons)
- Denmark (11.1 tons)
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