Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in the UK - 2024
Contents:
- Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in the UK (CIF) - 2024
- Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in the UK (FOB) - 2022
- Imports of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in the UK
- Exports of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in the UK
Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in the UK (CIF) - 2024
The average import price for copper; refined, unwrought, cathodes and sections of cathodeses stood at $9,267 per ton in March 2024, surging by 10% against the previous month. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2023 when the average import price increased by 13% month-to-month. Over the period under review, average import prices reached the peak figure in March 2024.
As there is only one major supplying country, the average price level is determined by prices for Belgium.
From April 2023 to March 2024, the rate of growth in terms of prices for Belgium amounted to +0.0% per month.
Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in the UK (FOB) - 2022
The average export price for copper; refined, unwrought, cathodes and sections of cathodeses stood at $22,199 per ton in 2022, picking up by 32% against the previous year. Over the period under review, the export price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2021 an increase of 174%. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($18,217 per ton), while the average price for exports to Germany ($7,408 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in the UK
In 2022, the amount of copper; refined, unwrought, cathodes and sections of cathodeses imported into the UK reduced remarkably to 15K tons, waning by -66.8% compared with the previous year. Over the period under review, imports recorded a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 174%. As a result, imports reached the peak of 46K tons, and then dropped rapidly in the following year.
In value terms, imports of copper; refined, unwrought, cathodes and sections of cathodeses fell notably to $268M in 2022. Overall, imports continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 114% against the previous year. As a result, imports reached the peak of $427M, and then fell remarkably in the following year.
| Import of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 52.6 | 95.8 | 193 | 131 | 35.5% |
| Netherlands | 82.3 | 1.7 | 9.6 | N/A | -65.8% |
| Congo | 10.0 | N/A | N/A | N/A | 0% |
| Others | 165 | 102 | 224 | 136 | -6.2% |
| Total | 310 | 200 | 427 | 268 | -4.7% |
Top Suppliers of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes to the UK in 2022:
- Belgium (15.0K tons)
Exports of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in the UK
In 2022, overseas shipments of copper; refined, unwrought, cathodes and sections of cathodeses were finally on the rise to reach 131 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, faced a dramatic descent.
In value terms, exports of copper; refined, unwrought, cathodes and sections of cathodeses surged to $2.9M in 2022. Over the period under review, exports, however, continue to indicate a sharp shrinkage.
| Export of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 11.8 | 10.2 | 278 | 583 | 266.9% |
| Belgium | N/A | 4.4 | N/A | 443 | 903.4% |
| Netherlands | 240 | 2,434 | 5.8 | 215 | -3.6% |
| Taiwan (Chinese) | 135 | 115 | 200 | 119 | -4.1% |
| Germany | 7,729 | 292 | 5.7 | 41.2 | -82.5% |
| Indonesia | N/A | N/A | 124 | N/A | 0% |
| Others | 8,448 | 2,936 | 781 | 1,503 | -43.8% |
| Total | 16,563 | 5,791 | 1,394 | 2,904 | -44.0% |
Top Export Markets for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes from the UK in 2022:
- Belgium (50.0 tons)
- United States (37.2 tons)
- Netherlands (23.8 tons)
- Taiwan (Chinese) (12.8 tons)
- Germany (5.6 tons)
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