Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Germany - 2023

Contents:

1. Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Germany (FOB) - 2023
2. Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Germany (CIF) - 2023
3. Exports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Germany
4. Imports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Germany

Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Germany (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 $11,442 per ton, picking up by 1.6% against the previous month. Over the period from December 2022 to December 2023, it increased at an average monthly rate of +1.1%. The growth pace was the most rapid in April 2023 an increase of 8.4% month-to-month. As a result, the export price reached the peak level of $11,537 per ton. From May 2023 to December 2023, the the average export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In December 2023, the highest price was recorded for prices to China ($14,965 per ton) and India ($14,094 per ton), while the average price for exports to Singapore ($10,085 per ton) and Taiwan (Chinese) ($10,801 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 India (+2.1%), 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 Germany (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 $10,519 per ton, approximately equating the previous month. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2023 an increase of 16% month-to-month. The import price peaked at $11,161 per ton in June 2023; however, from July 2023 to December 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was the United States ($26,788 per ton), while the price for China ($10,382 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Austria (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Germany

In 2022, approx. 137K tons of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses were exported from Germany; waning by -4.7% against 2021 figures. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 16% against the previous year. As a result, the exports attained the peak of 144K tons, and then dropped modestly in the following year.

In value terms, exports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses declined slightly to $1.4B in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +12.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 61%. As a result, the exports attained the peak of $1.5B, and then declined modestly in the following year.

Top Export Markets for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils from Germany in 2022:

1. Italy (29.4K tons)
2. Netherlands (27.3K tons)
3. France (21.0K tons)
4. United States (11.2K tons)
5. Turkey (5.8K tons)
6. China (5.4K tons)
7. Czech Republic (5.1K tons)
8. Austria (5.0K tons)
9. Portugal (3.5K tons)
10. Switzerland (2.7K tons)
11. Poland (2.5K tons)
12. Singapore (2.1K tons)
13. United Kingdom (1.6K tons)

Imports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Germany

For the fourth year in a row, Germany recorded growth in overseas purchases of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses, which increased by 26% to 27K tons in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +22.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +81.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 38% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain 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 $274M in 2022. Overall, imports showed a significant increase. The growth pace was the most rapid in 2021 with an increase of 90%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the near future.

Top Suppliers of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils to Germany in 2022:

1. Bulgaria (10.9K tons)
2. Finland (4.1K tons)
3. France (3.3K tons)
4. China (2.7K tons)
5. Turkey (1.3K tons)
6. Italy (1.1K tons)
7. Serbia (0.8K tons)
8. Czech Republic (0.4K tons)
9. India (0.4K tons)
10. Austria (0.4K tons)

Source: IndexBox Market Intelligence Platform