Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Chile - 2024

Contents:

1. Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Chile (FOB) - 2024
2. Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Chile (CIF) - 2022
3. Exports of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Chile
4. Imports of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Chile

Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Chile (FOB) - 2024

In April 2024, the average export price for copper; refined, unwrought, cathodes and sections of cathodeses amounted to $9,128 per ton, surging by 4.9% against the previous month. Over the last six-month period, it increased at an average monthly rate of +2.3%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In April 2024, the countries with the highest prices were Thailand ($9,129 per ton) and Spain ($9,129 per ton), while the average price for exports to Brazil ($9,126 per ton) and France ($9,128 per ton) were amongst the lowest.

From October 2023 to April 2024, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Chile (CIF) - 2022

In 2022, the average import price for copper; refined, unwrought, cathodes and sections of cathodeses amounted to $184,927 per ton, with an increase of 1,367% against the previous year. Over the period under review, the import price enjoyed a buoyant increase. As a result, import price reached the peak level and is likely to continue 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 Poland ($957,333 per ton), while the price for Brazil ($29,500 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+0.4%), while the prices for the other major suppliers experienced a decline.

Exports of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Chile

In 2022, shipments abroad of copper; refined, unwrought, cathodes and sections of cathodeses decreased by -4.2% to 4.2M tons, falling for the second year in a row after two years of growth. In general, exports continue to indicate a slight decline. The growth pace was the most rapid in 2020 with an increase of 2.9% against the previous year. As a result, the exports attained the peak of 4.6M tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of copper; refined, unwrought, cathodes and sections of cathodeses contracted to $36.7B in 2022. Overall, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +11.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +37.2% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 43%. As a result, the exports reached the peak of $41.8B, and then reduced in the following year.

Top Export Markets for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes from Chile in 2022:

1. China (903.2K tons)
2. United States (413.8K tons)
3. South Korea (219.9K tons)
4. Brazil (183.0K tons)
5. Taiwan (Chinese) (106.8K tons)
6. France (83.6K tons)
7. Thailand (45.1K tons)
8. Spain (28.7K tons)

Imports of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Chile

In 2022, after three years of growth, there was significant decline in overseas purchases of copper; refined, unwrought, cathodes and sections of cathodeses, when their volume decreased by -99.7% to 55 kg. In general, imports, however, saw strong growth. The pace of growth was the most pronounced in 2021 when imports increased by 21,102%. As a result, imports attained the peak of 21 tons, and then declined sharply in the following year.

In value terms, imports of copper; refined, unwrought, cathodes and sections of cathodeses declined notably to $10K in 2022. Over the period under review, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 11,131%. As a result, imports reached the peak of $267K, and then reduced markedly in the following year.

Top Suppliers of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes to Chile in 2022:

1. Germany (19.0 kg)
2. Brazil (4.0 kg)
3. Poland (3.0 kg)
4. Peru (1.0 kg)

Source: IndexBox Market Intelligence Platform