Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Japan - 2024
Contents:
- Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Japan (FOB) - 2024
- Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Japan (CIF) - 2024
- Exports of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Japan
- Imports of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Japan
Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Japan (FOB) - 2024
The average export price for copper; refined, unwrought, cathodes and sections of cathodeses stood at $8,510 per ton in April 2024, surging by 2.8% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 an increase of 4.3% against the previous month. The export price peaked at $8,701 per ton in April 2023; however, from May 2023 to April 2024, the export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In April 2024, the highest price was recorded for prices to Vietnam ($8,867 per ton) and China ($8,632 per ton), while the average price for exports to Thailand ($8,306 per ton) and Taiwan (Chinese) ($8,441 per ton) were amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was recorded for supplies to India (+0.2%), while the prices for the other major destinations experienced a decline.
Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Japan (CIF) - 2024
In April 2024, the average import price for copper; refined, unwrought, cathodes and sections of cathodeses amounted to $8,590 per ton, approximately equating the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in January 2024 when the average import price increased by 9.2% month-to-month. The import price peaked at $9,167 per ton in April 2023; however, from May 2023 to April 2024, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In April 2024, the country with the highest price was Austria ($8,707 per ton), while the price for Vietnam ($7,322 per ton) was amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was attained by Australia (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Japan
In 2022, exports of copper; refined, unwrought, cathodes and sections of cathodeses from Japan rose significantly to 1.2M tons, picking up by 8.6% compared with the year before. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 186%. As a result, the exports reached the peak of 1.4M 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 reached $10.5B in 2022. In general, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.5% 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 +75.0% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 44% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.
| Export of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,042 | 1,821 | 1,813 | 1,810 | 20.2% |
| Taiwan (Chinese) | 457 | 634 | 866 | 1,167 | 36.7% |
| India | 675 | 798 | 996 | 780 | 4.9% |
| Thailand | 306 | 451 | 671 | 768 | 35.9% |
| Indonesia | 220 | 155 | 325 | 307 | 11.7% |
| Malaysia | 150 | 215 | 210 | 233 | 15.8% |
| Vietnam | 73.2 | 138 | 153 | 136 | 22.9% |
| Others | 3,052 | 4,400 | 5,082 | 5,257 | 19.9% |
| Total | 5,976 | 8,612 | 10,115 | 10,458 | 20.5% |
Top Export Markets for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes from Japan in 2022:
- China (210.4K tons)
- Taiwan (Chinese) (131.9K tons)
- India (94.4K tons)
- Thailand (88.7K tons)
- Indonesia (35.6K tons)
- Malaysia (26.7K tons)
- Vietnam (15.3K tons)
Imports of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Japan
For the third year in a row, Japan recorded decline in supplies from abroad of copper; refined, unwrought, cathodes and sections of cathodeses, which decreased by -11.7% to 8K tons in 2022. Over the period under review, imports saw a significant curtailment. The smallest decline of -0.5% was in 2021.
In value terms, imports of copper; refined, unwrought, cathodes and sections of cathodeses reduced to $147M in 2022. Overall, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 48%.
| Import of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | 4.0 | 21.5 | 15.9 | 23.8 | 81.2% |
| China | 2.0 | N/A | 18.7 | 13.3 | 88.1% |
| Austria | N/A | N/A | N/A | 10.3 | 0% |
| Australia | 1.8 | 1.8 | 9.5 | 6.7 | 55.0% |
| Chile | 43.4 | 32.5 | 9.7 | 6.7 | -46.4% |
| South Korea | 0.7 | N/A | N/A | 6.3 | 108.0% |
| Zambia | 7.3 | N/A | 5.5 | 5.4 | -9.6% |
| Indonesia | 26.3 | N/A | 23.1 | N/A | -6.3% |
| Others | 91.7 | 55.9 | 82.6 | 74.5 | -6.7% |
| Total | 177 | 112 | 165 | 147 | -6.0% |
Top Suppliers of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes to Japan in 2022:
- Democratic Republic of the Congo (2.6K tons)
- China (1.5K tons)
- Austria (1.1K tons)
- Australia (0.7K tons)
- Chile (0.7K tons)
- South Korea (0.7K tons)
- Zambia (0.6K tons)
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