Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Peru - 2022

Contents:

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

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

In 2022, the average export price for copper; refined, unwrought, cathodes and sections of cathodeses amounted to $8,538 per ton, falling by -8.6% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 48% against the previous year. As a result, the export price reached the peak level of $9,340 per ton, and then fell in the following year.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to South Korea ($9,318 per ton) and the United States ($8,890 per ton), while the average price for exports to Taiwan (Chinese) ($8,283 per ton) and China ($8,363 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+1.4%), 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 Peru (CIF) - 2022

The average import price for copper; refined, unwrought, cathodes and sections of cathodeses stood at $8,280 per ton in 2022, waning by -11.7% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 34%. The import price peaked at $10,164 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($10,914 per ton), while the price for Chile amounted to $7,677 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+6.8%).

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

In 2022, approx. 583K tons of copper; refined, unwrought, cathodes and sections of cathodeses were exported from Peru; increasing by 19% compared with the previous year's figure. The total export volume increased at an average annual rate of +3.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of copper; refined, unwrought, cathodes and sections of cathodeses reached $5B in 2022. Overall, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +15.4% 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 +53.6% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 28%. The exports peaked in 2022 and are likely to see steady growth in the near future.

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

1. China (154.4K tons)
2. United States (52.3K tons)
3. Brazil (43.2K tons)
4. Italy (25.7K tons)
5. South Korea (3.3K tons)

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

In 2022, overseas purchases of copper; refined, unwrought, cathodes and sections of cathodeses decreased by -19.1% to 84 tons, falling for the second year in a row after two years of growth. Overall, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 259%. As a result, imports attained the peak of 125 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of copper; refined, unwrought, cathodes and sections of cathodeses fell dramatically to $694K in 2022. Over the period under review, imports, however, posted a significant increase. The growth pace was the most rapid in 2020 when imports increased by 366%.

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

1. Chile (77.8 tons)
2. China (1.5 tons)
3. Brazil (0.4 tons)

Source: IndexBox Market Intelligence Platform