Price for Copper; Refined, Unwrought, Billets in Canada - 2023

Contents:

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

Price for Copper; Refined, Unwrought, Billets in Canada (CIF) - 2023

The average copper; refined, unwrought, billets import price stood at $9,335 per ton in September 2023, picking up by 1.7% against the previous month. In general, import price indicated a perceptible increase from September 2022 to September 2023: its price increased at an average monthly rate of +2.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, copper; refined, unwrought, billets import price increased by +1.7% against August 2023 indices. The pace of growth appeared the most rapid in June 2023 an increase of 63% month-to-month. The import price peaked at $9,351 per ton in January 2023; however, from February 2023 to September 2023, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was Germany ($9,400 per ton), while the price for Austria stood at $9,228 per ton.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Germany (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper; Refined, Unwrought, Billets in Canada (FOB) - 2022

In 2022, the average copper; refined, unwrought, billets export price amounted to $4,745 per ton, dropping by -48.2% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 51% against the previous year. The export price peaked at $9,162 per ton in 2021, and then dropped remarkably in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +2.5% per year.

Imports of Copper; Refined, Unwrought, Billets in Canada

In 2022, approx. 766 tons of copper; refined, unwrought, billetses were imported into Canada; falling by -10.9% against 2021 figures. Over the period under review, imports, however, showed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 234% against the previous year. As a result, imports attained the peak of 860 tons, and then fell in the following year.

In value terms, copper; refined, unwrought, billets imports declined to $6.4M in 2022. In general, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 320% against the previous year. As a result, imports reached the peak of $7.3M, and then shrank in the following year.

Top Suppliers of Copper; Refined, Unwrought, Billets to Canada in 2022:

1. Germany (466.4 tons)
2. Finland (173.6 tons)
3. Austria (67.8 tons)
4. United States (58.8 tons)

Exports of Copper; Refined, Unwrought, Billets in Canada

For the third consecutive year, Canada recorded decline in overseas shipments of copper; refined, unwrought, billetses, which decreased by -99.2% to 776 kg in 2022. In general, exports showed a dramatic slump. The smallest decline of -11.2% was in 2020.

In value terms, copper; refined, unwrought, billets exports reduced dramatically to $3.7K in 2022. Over the period under review, exports faced a dramatic descent. The smallest decline of -2% was in 2020.

Top Export Markets for Copper; Refined, Unwrought, Billets from Canada in 2022:

1. Spain (776.0 kg)

Source: IndexBox Market Intelligence Platform