Price for Copper; Refined, Unwrought, Wire-Bars in the United States - 2023

Contents:

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

Price for Copper; Refined, Unwrought, Wire-Bars in the United States (FOB) - 2022

The average copper; refined, unwrought, wire-bars export price stood at $2,121 per ton in 2022, reducing by -2.1% against the previous year. Over the period under review, the export price saw a deep downturn. The most prominent rate of growth was recorded in 2019 when the average export price increased by 15% against the previous year. The export price peaked at $3,561 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($2,125 per ton), while the average price for exports to China ($2,125 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 Philippines (-5.1%).

Price for Copper; Refined, Unwrought, Wire-Bars in the United States (CIF) - 2022

The average copper; refined, unwrought, wire-bars import price stood at $73,952 per ton in 2022, surging by 15% against the previous year. In general, the import price saw a resilient increase. The growth pace was the most rapid in 2016 an increase of 195%. The import price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($74,483 per ton), while the price for China totaled $71,308 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+28.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Copper; Refined, Unwrought, Wire-Bars in the United States

In 2022, overseas shipments of copper; refined, unwrought, wire-barses decreased by -42.8% to 1.8K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 1,116%. As a result, the exports reached the peak of 3.2K tons, and then fell rapidly in the following year.

In value terms, copper; refined, unwrought, wire-bars exports declined dramatically to $3.9M in 2022. Overall, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 1,169%. As a result, the exports reached the peak of $7M, and then contracted dramatically in the following year.

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

1. China (1723.0 tons)
2. South Korea (37.9 tons)
3. Philippines (29.3 tons)
4. Canada (26.8 tons)

Imports of Copper; Refined, Unwrought, Wire-Bars in the United States

In 2022, after three years of growth, there was significant decline in purchases abroad of copper; refined, unwrought, wire-barses, when their volume decreased by -56.2% to 311 kg. Overall, imports, however, saw a resilient increase. The pace of growth was the most pronounced in 2020 with an increase of 155%.

In value terms, copper; refined, unwrought, wire-bars imports dropped notably to $23K in 2022. In general, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 218%.

Top Suppliers of Copper; Refined, Unwrought, Wire-Bars to the United States in 2022:

1. Canada (259.0 kg)
2. China (52.0 kg)

Source: IndexBox Market Intelligence Platform