Price for Copper; Refined, Unwrought, Wire-Bars in Indonesia - 2022

Price for Copper; Refined, Unwrought, Wire-Bars in Indonesia (CIF) - 2022

The average copper; refined, unwrought, wire-bars import price stood at $3,552 per ton in 2022, increasing by 44% against the previous year. Over the period under review, the import price showed a buoyant increase. The growth pace was the most rapid in 2014 when the average import price increased by 491% against the previous year. Over the period under review, average import prices reached the peak figure at $8,251 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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 Malaysia ($4,044 per ton), while the price for Singapore ($757 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (-1.4%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average copper; refined, unwrought, wire-bars export price amounted to $4,230 per ton, with an increase of 2.7% against the previous year. Overall, the export price, however, continues to indicate a deep slump. The export price peaked at $8,148 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($7,457 per ton), while the average price for exports to Taiwan (Chinese) amounted to $4,216 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (-3.3%).

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

In 2022, overseas purchases of copper; refined, unwrought, wire-barses were finally on the rise to reach 90 tons after two years of decline. In general, imports, however, saw a dramatic curtailment.

In value terms, copper; refined, unwrought, wire-bars imports soared to $319K in 2022. Overall, imports, however, faced a sharp downturn.

Import of Copper; Refined, Unwrought, Wire-Bars in Indonesia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Malaysia	5,646	557	62.7	304	-62.2%
Singapore	59.2	7.1	1.0	7.8	-49.1%
Taiwan (Chinese)	5.3	6.1	1.3	5.6	1.9%
Others	38.4	2.6	0.4	1.5	-66.1%
Total	5,749	573	65.3	319	-61.9%

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

Malaysia (75.2 tons)
Singapore (10.3 tons)
Taiwan (Chinese) (3.7 tons)

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

In 2022, overseas shipments of copper; refined, unwrought, wire-barses were finally on the rise to reach 13 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, recorded a abrupt descent.

In value terms, copper; refined, unwrought, wire-bars exports rose notably to $54K in 2022. Over the period under review, exports, however, continue to indicate a abrupt downturn.