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

Contents:

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

Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in India (CIF) - 2023

In November 2023, the average import price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses amounted to $10,754 per ton, falling by -3.2% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +1.0%. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 19% month-to-month. The import price peaked at $12,125 per ton in May 2023; however, from June 2023 to November 2023, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In November 2023, the countries with the highest prices were Germany ($11,868 per ton) and Belgium ($11,722 per ton), while the price for South Korea ($9,124 per ton) and China ($10,225 per ton) were amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by South Korea (+2.9%), 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 India (FOB) - 2023

The average export price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses stood at $10,457 per ton in November 2023, remaining constant against the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 an increase of 11% m-o-m. Over the period under review, the average export prices hit record highs at $10,796 per ton in March 2023; however, from April 2023 to November 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Canada ($31,334 per ton), while the average price for exports to the United Arab Emirates ($7,894 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Nepal (+7.1%), 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 India

In 2022, after three years of growth, there was significant decline in supplies from abroad of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses, when their volume decreased by -24.6% to 3.1K tons. In general, total imports indicated a moderate increase from 2019 to 2022: its volume increased at an average annual rate of +4.9% 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 +15.4% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 47% against the previous year. As a result, imports attained the peak of 4.1K tons, and then fell significantly in the following year.

In value terms, imports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses dropped to $37M in 2022. Overall, imports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 92%. As a result, imports reached the peak of $42M, and then shrank in the following year.

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

1. Germany (734.8 tons)
2. China (548.8 tons)
3. Japan (510.3 tons)
4. South Korea (506.9 tons)
5. Thailand (364.4 tons)
6. Belgium (153.4 tons)
7. United States (77.9 tons)
8. Netherlands (22.7 tons)

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

In 2022, the amount of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses exported from India skyrocketed to 2.6K tons, with an increase of 143% against 2021. Overall, exports saw a significant expansion. 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 soared to $28M in 2022. Over the period under review, exports enjoyed a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 181%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to continue growth in years to come.

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

1. United States (937.4 tons)
2. Saudi Arabia (603.4 tons)
3. Germany (440.0 tons)
4. Algeria (159.5 tons)
5. Nepal (83.7 tons)
6. Canada (56.9 tons)
7. Egypt (53.8 tons)
8. United Arab Emirates (50.2 tons)
9. Malaysia (40.0 tons)
10. Oman (34.5 tons)
11. Turkey (0.8 tons)
12. Philippines (0.1 tons)

Source: IndexBox Market Intelligence Platform