Price for Copper; Refined, Unwrought, Wire-Bars in Canada - 2023

Contents:

1. Price for Copper; Refined, Unwrought, Wire-Bars in Canada (FOB) - 2022
2. Price for Copper; Refined, Unwrought, Wire-Bars in Canada (CIF) - 2023
3. Exports of Copper; Refined, Unwrought, Wire-Bars in Canada
4. Imports of Copper; Refined, Unwrought, Wire-Bars in Canada

Price for Copper; Refined, Unwrought, Wire-Bars in Canada (FOB) - 2022

In 2022, the average copper; refined, unwrought, wire-bars export price amounted to $20,629 per ton, jumping by 260% against the previous year. In general, the export price showed buoyant growth. The growth pace was the most rapid in 2020 when the average export price increased by 568% against the previous year. As a result, the export price attained the peak level of $30,487 per ton. From 2021 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($65,092 per ton), while the average price for exports to Guinea ($4,612 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 the United Arab Emirates (+12.2%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Copper; Refined, Unwrought, Wire-Bars in Canada (CIF) - 2023

The average copper; refined, unwrought, wire-bars import price stood at $1,797 per ton in September 2023, shrinking by -87.7% against the previous month. Overall, the import price recorded a deep downturn. The most prominent rate of growth was recorded in August 2023 an increase of 718% m-o-m. Over the period under review, average import prices attained the peak figure at $34,936 per ton in February 2023; however, from March 2023 to September 2023, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From September 2022 to September 2023, the rate of growth in terms of prices for the United States amounted to -10.7% per month.

Exports of Copper; Refined, Unwrought, Wire-Bars in Canada

In 2022, exports of copper; refined, unwrought, wire-barses from Canada declined markedly to 1.1 tons, reducing by -97.7% against 2021 figures. In general, exports recorded a dramatic contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 6,615% against the previous year. As a result, the exports attained the peak of 49 tons, and then declined significantly in the following year.

In value terms, copper; refined, unwrought, wire-bars exports fell notably to $23K in 2022. Overall, exports, however, showed prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of 1,164% against the previous year. As a result, the exports reached the peak of $282K, and then shrank rapidly in the following year.

Top Export Markets for Copper; Refined, Unwrought, Wire-Bars from Canada in 2022:

1. Vietnam (650.0 kg)
2. United States (295.0 kg)
3. Guinea (165.0 kg)
4. China (6.0 kg)

Imports of Copper; Refined, Unwrought, Wire-Bars in Canada

In 2022, overseas purchases of copper; refined, unwrought, wire-barses were finally on the rise to reach 9 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports showed a slight expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, copper; refined, unwrought, wire-bars imports soared to $64K in 2022. In general, imports, however, saw a precipitous setback.

Top Suppliers of Copper; Refined, Unwrought, Wire-Bars to Canada in 2022:

1. Taiwan (Chinese) (undefined tons)
2. United States (5.5 tons)
3. China (3.4 tons)

Source: IndexBox Market Intelligence Platform