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

Contents:

1. Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Hungary (CIF) - 2023
2. Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Hungary (FOB) - 2022
3. Imports of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Hungary
4. Exports of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Hungary

Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Hungary (CIF) - 2023

In December 2023, the average import price for copper; refined, unwrought, cathodes and sections of cathodeses amounted to $10,762 per ton, surging by 9.1% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.8%. The pace of growth was the most pronounced in January 2023 when the average import price increased by 13% month-to-month. The import price peaked in December 2023.

As there is only one major supplying country, the average price level is determined by prices for Germany.

From December 2022 to December 2023, the rate of growth in terms of prices for Germany amounted to +1.3% per month.

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

In 2022, the average export price for copper; refined, unwrought, cathodes and sections of cathodeses amounted to $3,678 per ton, dropping by -62% against the previous year. In general, the export price recorded a deep contraction. The most prominent rate of growth was recorded in 2019 an increase of 43%. Over the period under review, the average export prices reached the maximum at $9,683 per ton in 2021, and then shrank sharply in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Slovakia amounted to +31.0% per year.

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

In 2022, the amount of copper; refined, unwrought, cathodes and sections of cathodeses imported into Hungary rose notably to 624 tons, growing by 8.4% on the year before. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 54%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, imports of copper; refined, unwrought, cathodes and sections of cathodeses rose significantly to $5.6M in 2022. Over the period under review, imports saw a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of 157% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in years to come.

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

1. Austria (408.0 tons)
2. Poland (149.7 tons)
3. Germany (56.8 tons)
4. Italy (8.0 tons)

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

In 2022, after two years of decline, there was significant growth in overseas shipments of copper; refined, unwrought, cathodes and sections of cathodeses, when their volume increased by 50% to 90 kg. In general, exports, however, showed a sharp descent.

In value terms, exports of copper; refined, unwrought, cathodes and sections of cathodeses fell markedly to $331 in 2022. Over the period under review, exports, however, saw a sharp decline.

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

1. China (90.0 kg)

Source: IndexBox Market Intelligence Platform