Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Colombia - 2023

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

The average import price for copper; refined, unwrought, cathodes and sections of cathodeses stood at $8,800 per ton in 2022, with an increase of 8.6% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 20% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Peru ($8,748 per ton), while the price for Chile totaled $7,894 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+0.6%), while the prices for the other major suppliers experienced a decline.

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

In 2022, imports of copper; refined, unwrought, cathodes and sections of cathodeses into Colombia soared to 986 tons, picking up by 32% compared with the year before. Over the period under review, imports showed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 99.9% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, imports of copper; refined, unwrought, cathodes and sections of cathodeses surged to $8.7M in 2022. In general, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 99% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.