Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Singapore - 2023
Contents:
- Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Singapore (FOB) - 2022
- Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Singapore (CIF) - 2022
- Exports of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Singapore
- Imports of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Singapore
Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Singapore (FOB) - 2022
In 2022, the average export price for copper; refined, unwrought, cathodes and sections of cathodeses amounted to $8,635 per ton, rising by 2.1% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 48% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Bangladesh ($9,552 per ton) and Pakistan ($9,225 per ton), while the average price for exports to South Korea ($6,380 per ton) and the Philippines ($7,373 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 Japan (+2.0%), 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 Singapore (CIF) - 2022
The average import price for copper; refined, unwrought, cathodes and sections of cathodeses stood at $8,448 per ton in 2022, reducing by -8.4% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average import price increased by 88%. As a result, import price attained the peak level of $11,418 per ton. From 2020 to 2022, the average import prices failed to regain momentum.
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 Russia ($10,488 per ton), while the price for Zambia ($5,867 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+14.6%), 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 Singapore
Exports of copper; refined, unwrought, cathodes and sections of cathodeses from Singapore fell dramatically to 31K tons in 2022, shrinking by -44.5% on 2021. Overall, exports showed a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 341%. As a result, the exports attained the peak of 56K tons, and then declined rapidly in the following year.
In value terms, exports of copper; refined, unwrought, cathodes and sections of cathodeses shrank dramatically to $266M in 2022. Over the period under review, exports, however, saw a notable expansion. The growth pace was the most rapid in 2021 when exports increased by 552% against the previous year. As a result, the exports reached the peak of $470M, and then declined significantly in the following year.
| Export of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 46.6 | 14.2 | 171 | 71.0 | 15.1% |
| Bangladesh | 18.9 | 7.8 | 4.7 | 29.6 | 16.1% |
| Malaysia | 14.9 | 3.7 | 21.3 | 14.1 | -1.8% |
| Vietnam | N/A | N/A | 13.6 | 10.0 | -26.5% |
| Pakistan | 2.1 | 3.4 | 9.0 | 8.9 | 61.8% |
| Philippines | N/A | N/A | 7.7 | 3.5 | -54.5% |
| South Korea | 6.5 | 2.9 | 0.1 | 0.4 | -60.5% |
| Thailand | 18.7 | 3.3 | 7.4 | N/A | -37.1% |
| Others | 128 | 37.0 | 235 | 129 | 0.3% |
| Total | 236 | 72.1 | 470 | 266 | 4.1% |
Top Export Markets for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes from Singapore in 2022:
- China (8.6K tons)
- Bangladesh (3.1K tons)
- Malaysia (1.5K tons)
- Vietnam (1.1K tons)
- Pakistan (1.0K tons)
- Philippines (0.5K tons)
- South Korea (0.1K tons)
Imports of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Singapore
In 2022, after three years of growth, there was significant decline in supplies from abroad of copper; refined, unwrought, cathodes and sections of cathodeses, when their volume decreased by -41% to 26K tons. Overall, imports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 152% against the previous year. As a result, imports attained the peak of 45K tons, and then dropped remarkably in the following year.
In value terms, imports of copper; refined, unwrought, cathodes and sections of cathodeses contracted markedly to $223M in 2022. In general, imports, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2021 when imports increased by 243%. As a result, imports reached the peak of $413M, and then contracted significantly in the following year.
| Import of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | 22.9 | 7.5 | 44.5 | 39.4% |
| Zambia | 31.4 | 10.2 | 1.0 | 12.7 | -26.0% |
| Chile | 0.4 | N/A | N/A | 12.3 | 213.3% |
| Poland | 8.6 | 1.3 | 4.2 | 11.6 | 10.5% |
| Belgium | 17.9 | 11.2 | 7.9 | 11.0 | -15.0% |
| China | 2.2 | N/A | 46.0 | 10.5 | 68.4% |
| Peru | 0.3 | N/A | N/A | 7.1 | 187.1% |
| Indonesia | N/A | 13.1 | 48.7 | 6.7 | -28.5% |
| Australia | 11.8 | N/A | 8.1 | 3.8 | -31.5% |
| India | 0.4 | N/A | 70.8 | N/A | 1230.4% |
| Others | 74.1 | 61.7 | 218 | 103 | 11.6% |
| Total | 147 | 120 | 413 | 223 | 14.9% |
Top Suppliers of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes to Singapore in 2022:
- Russia (4.2K tons)
- Zambia (2.2K tons)
- China (1.8K tons)
- Poland (1.6K tons)
- Belgium (1.6K tons)
- Chile (1.5K tons)
- Peru (0.9K tons)
- Indonesia (0.7K tons)
- Australia (0.4K tons)
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