Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Vietnam - 2022
Contents:
- Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Vietnam (CIF) - 2022
- Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Vietnam (FOB) - 2022
- Imports of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Vietnam
- Exports of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Vietnam
Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Vietnam (CIF) - 2022
In December 2022, the average import price for copper; refined, unwrought, cathodes and sections of cathodeses amounted to $8,577 per ton, picking up by 2.8% against the previous month. In general, the import price, however, continues to indicate a slight shrinkage. The pace of growth was the most pronounced in August 2022 when the average import price increased by 7.8% m-o-m. Over the period under review, average import prices hit record highs at $10,153 per ton in March 2022; however, from April 2022 to December 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the countries with the highest prices were Japan ($8,818 per ton) and Australia ($8,678 per ton), while the price for the Philippines ($8,309 per ton) and South Korea ($8,348 per ton) were amongst the lowest.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was attained by Japan (-0.9%), while the prices for the other major suppliers experienced a decline.
Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Vietnam (FOB) - 2022
In 2022, the average export price for copper; refined, unwrought, cathodes and sections of cathodeses amounted to $9,292 per ton, flattening at the previous year. Overall, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for copper; refined, unwrought, cathodes and sections of cathodeses increased by +56.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 57%. As a result, the export price attained the peak level of $9,359 per ton, leveling off in the following year.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($9,318 per ton), while the average price for exports to China ($6,865 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 China (+0.2%), while the prices for the other major destinations experienced a decline.
Imports of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Vietnam
In 2022, the amount of copper; refined, unwrought, cathodes and sections of cathodeses imported into Vietnam shrank slightly to 450K tons, falling by -3% compared with the previous year's figure. Over the period under review, imports saw a pronounced decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 2% against the previous year.
In value terms, imports of copper; refined, unwrought, cathodes and sections of cathodeses dropped to $4.1B in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +9.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.0% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 51%. As a result, imports reached the peak of $4.3B, and then declined slightly in the following year.
| Import of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Congo | 334 | 261 | 473 | 416 | 7.6% |
| China | 342 | 262 | 366 | 340 | -0.2% |
| Democratic Republic of the Congo | 28.9 | 31.4 | 40.2 | 326 | 124.3% |
| Indonesia | 164 | 141 | 183 | 260 | 16.6% |
| South Korea | 249 | 284 | 396 | 179 | -10.4% |
| Australia | 150 | 153 | 256 | 160 | 2.2% |
| Japan | 71.1 | 122 | 153 | 136 | 24.1% |
| Philippines | 46.8 | 55.9 | 134 | 131 | 40.9% |
| Chile | 46.6 | 9.5 | 20.9 | 117 | 35.9% |
| Zambia | 65.9 | 63.8 | 65.1 | 58.8 | -3.7% |
| Others | 1,686 | 1,484 | 2,248 | 2,006 | 6.0% |
| Total | 3,185 | 2,868 | 4,336 | 4,130 | 9.0% |
Top Suppliers of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes to Vietnam in 2022:
- Congo (41.9K tons)
- China (36.5K tons)
- Democratic Republic of the Congo (34.8K tons)
- Indonesia (27.8K tons)
- Zambia (19.7K tons)
- South Korea (18.4K tons)
- Australia (17.0K tons)
- Japan (14.4K tons)
- Philippines (13.5K tons)
- Chile (12.7K tons)
Exports of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Vietnam
In 2022, overseas shipments of copper; refined, unwrought, cathodes and sections of cathodeses decreased by -48% to 4.7K tons, falling for the second consecutive year after two years of growth. Overall, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 418% against the previous year. As a result, the exports attained the peak of 9.7K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of copper; refined, unwrought, cathodes and sections of cathodeses dropped dramatically to $43M in 2022. Over the period under review, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 413% against the previous year.
| Export of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | N/A | N/A | 29.2 | 6.7 | -77.1% |
| Japan | N/A | N/A | N/A | 0.6 | 0% |
| China | 0.2 | 0.2 | 0.1 | N/A | -29.3% |
| Taiwan (Chinese) | 1.5 | N/A | N/A | N/A | 0% |
| Others | 9.5 | 57.4 | 54.6 | 36.1 | 56.0% |
| Total | 11.2 | 57.6 | 83.9 | 43.4 | 57.1% |
Top Export Markets for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes from Vietnam in 2022:
- Thailand (0.7K tons)
- Japan (0.1K tons)
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