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

Contents:

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

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

In 2022, the average copper; refined, unwrought, wire-bars import price amounted to $10,603 per ton, rising by 29% against the previous year. Overall, the import price recorded a notable increase. The pace of growth was the most pronounced in 2013 an increase of 93%. As a result, import price reached the peak level of $12,894 per ton. From 2014 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 Thailand ($10,745 per ton), while the price for China ($6,009 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average copper; refined, unwrought, wire-bars export price amounted to $12,752 per ton, growing by 55% against the previous year. In general, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper; refined, unwrought, wire-bars export price increased by +101.7% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($115,843 per ton), while the average price for exports to South Korea ($8,506 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 Malaysia (+11.6%), while the prices for the other major destinations experienced mixed trend patterns.

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

For the third consecutive year, Singapore recorded decline in purchases abroad of copper; refined, unwrought, wire-barses, which decreased by -40.3% to 108 tons in 2022. Over the period under review, imports continue to indicate a dramatic decrease. The smallest decline of -28.9% was in 2021.

In value terms, copper; refined, unwrought, wire-bars imports fell notably to $1.1M in 2022. In general, imports showed a dramatic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 17%.

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

1. South Korea (undefined tons)
2. Malaysia (103.4 tons)
3. Thailand (2.9 tons)
4. China (0.8 tons)

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

For the third year in a row, Singapore recorded decline in shipments abroad of copper; refined, unwrought, wire-barses, which decreased by -33.8% to 74 tons in 2022. Overall, exports recorded a sharp reduction. The smallest decline of -1.3% was in 2021.

In value terms, copper; refined, unwrought, wire-bars exports expanded to $945K in 2022. In general, exports faced a sharp setback. The growth pace was the most rapid in 2021 when exports increased by 4.8% against the previous year.

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

1. Taiwan (Chinese) (45.7 tons)
2. South Korea (20.1 tons)
3. Indonesia (5.8 tons)
4. Malaysia (2.2 tons)

Source: IndexBox Market Intelligence Platform