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

Contents:

1. Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Hungary (CIF) - 2023
2. Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Hungary (FOB) - 2022
3. Imports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Hungary
4. Exports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Hungary

Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Hungary (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 $12,260 per ton, surging by 6.1% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.3%. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 51% against the previous month. Over the period under review, average import prices reached the peak figure at $12,780 per ton in May 2023; however, from June 2023 to December 2023, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In December 2023, the country with the highest price was the UK ($13,793 per ton), while the price for South Korea stood at $11,993 per ton.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by France (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Hungary (FOB) - 2022

In 2022, the average export price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses amounted to $11,052 per ton, with an increase of 14% against the previous year. Overall, the export price, however, showed a abrupt descent. The pace of growth appeared the most rapid in 2018 an increase of 48% against the previous year. The export price peaked at $27,381 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Poland ($13,052 per ton) and Italy ($12,036 per ton), while the average price for exports to Denmark ($8,958 per ton) and North Macedonia ($9,192 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+40.4%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, after three years of growth, there was significant decline in purchases abroad of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses, when their volume decreased by -8.9% to 2.1K tons. The total import volume increased at an average annual rate of +4.0% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 21%. As a result, imports attained the peak of 2.3K tons, and then contracted in the following year.

In value terms, imports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses fell to $19M in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +10.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 59% against the previous year. As a result, imports attained the peak of $20M, and then dropped in the following year.

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

1. Germany (814.7 tons)
2. Italy (733.2 tons)
3. Bulgaria (220.5 tons)
4. France (103.7 tons)
5. South Korea (90.3 tons)
6. India (46.0 tons)
7. Slovakia (16.3 tons)
8. Netherlands (3.3 tons)

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

In 2022, exports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses from Hungary soared to 43 tons, picking up by 131% compared with 2021. Overall, exports recorded significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 721% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, exports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses soared to $472K in 2022. Over the period under review, exports posted a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 932% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

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

1. Poland (10.2 tons)
2. Germany (7.9 tons)
3. Italy (7.2 tons)
4. North Macedonia (6.8 tons)
5. Denmark (5.1 tons)
6. Canada (2.2 tons)
7. South Korea (1.8 tons)
8. Czech Republic (0.4 tons)
9. Romania (0.2 tons)

Source: IndexBox Market Intelligence Platform