Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Bulgaria - 2023
Contents:
- Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Bulgaria (FOB) - 2023
- Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Bulgaria (CIF) - 2023
- Exports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Bulgaria
- Imports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Bulgaria
Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Bulgaria (FOB) - 2023
In December 2023, the average export price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses amounted to $10,974 per ton, rising by 2% against the previous month. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 an increase of 6.6% month-to-month. The export price peaked at $11,294 per ton in April 2023; however, from May 2023 to December 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In December 2023, the highest price was recorded for prices to Serbia ($11,697 per ton) and the UK ($11,173 per ton), while the average price for exports to Switzerland ($10,274 per ton) and Turkey ($11,116 per ton) were amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Bulgaria (CIF) - 2023
In December 2023, the average import price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses amounted to $10,053 per ton, jumping by 33% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The import price peaked at $10,447 per ton in March 2023; however, from April 2023 to December 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 Turkey.
From December 2022 to December 2023, the rate of growth in terms of prices for Turkey amounted to +0.7% per month.
Exports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Bulgaria
For the fourth year in a row, Bulgaria recorded growth in overseas shipments of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses, which increased by 17% to 34K tons in 2022. The total export volume increased at an average annual rate of +8.6% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses surged to $349M in 2022. In general, exports enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 48%. The exports peaked in 2022 and are likely to see gradual growth in years to come.
Export of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Bulgaria (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 36.3 | 39.8 | 76.3 | 94.8 | 37.7% |
Italy | 32.5 | 38.1 | 68.7 | 77.8 | 33.8% |
South Korea | 22.4 | 20.2 | 27.6 | 37.7 | 18.9% |
France | 18.0 | 19.2 | 29.9 | 31.1 | 20.0% |
Austria | 4.9 | 2.9 | 7.5 | 15.2 | 45.8% |
United States | 2.3 | 3.1 | 5.6 | 12.9 | 77.7% |
Greece | 8.6 | 6.3 | 6.6 | 12.1 | 12.1% |
Switzerland | 4.6 | 6.6 | 9.5 | 11.9 | 37.3% |
United Kingdom | 4.0 | 4.2 | 4.4 | 8.5 | 28.6% |
Turkey | 10.5 | 9.5 | 10.6 | 8.0 | -8.7% |
Poland | 3.5 | 4.4 | 5.9 | 5.2 | 14.1% |
Vietnam | 5.4 | 10.6 | 7.2 | 2.6 | -21.6% |
Egypt | 7.7 | 9.5 | 1.2 | 0.8 | -53.0% |
Others | 26.0 | 22.8 | 30.9 | 30.2 | 5.1% |
Total | 187 | 197 | 292 | 349 | 23.1% |
Top Export Markets for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils from Bulgaria in 2022:
- Germany (9.5K tons)
- Italy (7.5K tons)
- South Korea (3.8K tons)
- France (3.0K tons)
- Austria (1.4K tons)
- Switzerland (1.3K tons)
- United States (1.2K tons)
- Greece (1.0K tons)
- Turkey (0.8K tons)
- United Kingdom (0.8K tons)
- Poland (0.5K tons)
- Vietnam (0.3K tons)
- Egypt (0.1K tons)
Imports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Bulgaria
In 2022, approx. 918 tons of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses were imported into Bulgaria; rising by 18% on the year before. The total import volume increased at an average annual rate of +3.9% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses soared to $8.7M in 2022. In general, total imports indicated a perceptible expansion from 2019 to 2022: its value increased at an average annual rate of +2.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Bulgaria (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 5.6 | 5.2 | 2.9 | 5.4 | -1.2% |
France | 1.7 | 0.7 | 0.6 | 2.0 | 5.6% |
Turkey | 0.5 | 0.6 | 1.4 | 0.6 | 6.3% |
Italy | 0.1 | N/A | 0.1 | 0.2 | 26.0% |
Czech Republic | N/A | N/A | N/A | 0.2 | 0% |
Others | 0.2 | 0.1 | 0.2 | 0.3 | 14.5% |
Total | 8.1 | 6.6 | 5.2 | 8.7 | 2.4% |
Top Suppliers of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils to Bulgaria in 2022:
- Germany (561.3 tons)
- France (234.0 tons)
- Turkey (44.9 tons)
- Italy (32.9 tons)
- Czech Republic (24.2 tons)
This report provides an in-depth analysis of the market for copper bars, wire and plates in Bulgaria.
This report provides an in-depth analysis of the global market for copper bars, wire and plates.