Price for Copper; Refined, Unwrought, Billets in the Philippines - 2023

Price for Copper; Refined, Unwrought, Billets in the Philippines (CIF) - 2022

In 2022, the average copper; refined, unwrought, billets import price amounted to $30,958 per ton, growing by 42% against the previous year. In general, the import price enjoyed a significant expansion. The most prominent rate of growth was recorded in 2019 when the average import price increased by 156%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in years to come.

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 the United States ($28,116 per ton), while the price for China totaled $4,761 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+40.6%).

Imports of Copper; Refined, Unwrought, Billets in the Philippines

In 2022, the amount of copper; refined, unwrought, billetses imported into the Philippines plummeted to 3.8 tons, waning by -40.4% on the previous year. In general, imports faced a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 411% against the previous year. As a result, imports reached the peak of 6.3 tons, and then dropped markedly in the following year.

In value terms, copper; refined, unwrought, billets imports fell rapidly to $116K in 2022. Overall, imports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 779%. As a result, imports reached the peak of $137K, and then dropped sharply in the following year.