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

Contents:

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

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

The average import price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses stood at $12,738 per ton in December 2023, surging by 19% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The import price peaked at $16,045 per ton in April 2023; however, from May 2023 to December 2023, import prices stood at a somewhat 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 Bulgaria amounted to +1.9% per month.

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

In 2022, the average export price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses amounted to $12,247 per ton, surging by 11% against the previous year. Overall, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses increased by +82.1% against 2018 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by 62%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bulgaria ($14,765 per ton), while the average price for exports to Greece ($9,738 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 Bulgaria (+27.5%), 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 Romania

In 2022, supplies from abroad of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses was finally on the rise to reach 1.5K tons after two years of decline. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern.

In value terms, imports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses skyrocketed to $18M in 2022. The total import value increased at an average annual rate of +7.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. Germany (722.2 tons)
2. France (372.0 tons)
3. Italy (163.3 tons)
4. Bulgaria (151.7 tons)
5. Turkey (53.2 tons)

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

Exports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses from Romania reduced markedly to 4 tons in 2022, which is down by -64.9% against the previous year. Over the period under review, exports, however, saw a strong increase. The pace of growth appeared the most rapid in 2021 when exports increased by 3,398% against the previous year. As a result, the exports attained the peak of 11 tons, and then contracted sharply in the following year.

In value terms, exports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses declined dramatically to $49K in 2022. In general, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 5,569%. As a result, the exports attained the peak of $124K, and then reduced rapidly in the following year.

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

1. Moldova (2030.0 kg)
2. Bulgaria (614.0 kg)
3. Hungary (548.0 kg)
4. Serbia (446.0 kg)
5. Sweden (134.0 kg)
6. Italy (80.0 kg)
7. Greece (61.0 kg)
8. Austria (33.0 kg)
9. Germany (21.0 kg)

Source: IndexBox Market Intelligence Platform