Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Canada - 2024
Contents:
- Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Canada (FOB) - 2024
- Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Canada (CIF) - 2024
- Exports of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Canada
- Imports of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Canada
Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Canada (FOB) - 2024
The average export price for copper; refined, unwrought, cathodes and sections of cathodeses stood at $8,469 per ton in March 2024, remaining constant against the previous month. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in January 2024 an increase of 3.4% against the previous month. The export price peaked at $9,106 per ton in March 2023; however, from April 2023 to March 2024, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From March 2023 to March 2024, the rate of growth in terms of prices for the United States amounted to -0.6% per month.
Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Canada (CIF) - 2024
In March 2024, the average import price for copper; refined, unwrought, cathodes and sections of cathodeses amounted to $8,669 per ton, standing approximately at the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2023 an increase of 5.3% against the previous month. As a result, import price reached the peak level of $9,290 per ton. From July 2023 to March 2024, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In March 2024, the country with the highest price was Democratic Republic of the Congo ($8,703 per ton), while the price for the United States totaled $8,604 per ton.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by the United States (-0.2%).
Exports of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Canada
In 2022, overseas shipments of copper; refined, unwrought, cathodes and sections of cathodeses decreased by -16% to 237K tons, falling for the second year in a row after two years of growth. In general, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 14% against the previous year. As a result, the exports attained the peak of 314K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of copper; refined, unwrought, cathodes and sections of cathodeses declined markedly to $2.1B in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +8.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +27.2% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 37%. As a result, the exports attained the peak of $2.6B, and then fell significantly in the following year.
| Export of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Canada (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.8 | 0.9 | 1.3 | 1.1 | 11.2% |
| Others | 0.8 | 1.0 | 1.3 | 1.1 | 11.2% |
| Total | 1.7 | 1.9 | 2.6 | 2.1 | 7.3% |
Top Export Markets for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes from Canada in 2022:
- United States (118.4K tons)
Imports of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Canada
Imports of copper; refined, unwrought, cathodes and sections of cathodeses into Canada dropped sharply to 58K tons in 2022, waning by -50.4% on the year before. Overall, imports faced a sharp downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 71% against the previous year.
In value terms, imports of copper; refined, unwrought, cathodes and sections of cathodeses declined rapidly to $521M in 2022. In general, imports faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 128% against the previous year. As a result, imports attained the peak of $1.1B, and then fell sharply in the following year.
| Import of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 199 | 78.8 | 215 | 123 | -14.8% |
| Democratic Republic of the Congo | 88.0 | 110 | 202 | 71.3 | -6.8% |
| Chile | 21.9 | 11.4 | 18.0 | 51.8 | 33.2% |
| Zambia | N/A | N/A | N/A | 6.8 | 0% |
| Germany | N/A | N/A | N/A | 4.9 | 0% |
| Mexico | 23.7 | 9.9 | 1.1 | 2.1 | -55.4% |
| Russia | 47.0 | 21.0 | 108 | N/A | 51.6% |
| Others | 391 | 246 | 544 | 262 | -12.5% |
| Total | 770 | 477 | 1,087 | 521 | -12.2% |
Top Suppliers of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes to Canada in 2022:
- United States (13.3K tons)
- Democratic Republic of the Congo (7.7K tons)
- Chile (6.1K tons)
- Zambia (0.7K tons)
- Germany (0.5K tons)
- Mexico (0.2K tons)
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