Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Singapore - 2023
Contents:
- Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Singapore (FOB) - 2022
- Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Singapore (CIF) - 2022
- Exports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Singapore
- Imports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Singapore
Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Singapore (FOB) - 2022
In 2022, the average export price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses amounted to $13,693 per ton, with an increase of 9.6% against the previous year. Overall, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +2.2% 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 +40.0% against 2017 indices. The pace of growth was the most pronounced in 2021 an increase of 27% against the previous year. Over the period under review, the average export prices reached 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 Hong Kong SAR ($15,774 per ton), while the average price for exports to the Philippines ($9,306 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 Japan (+6.5%), 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 Singapore (CIF) - 2022
The average import price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses stood at $11,190 per ton in 2022, with an increase of 6.3% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 40%. The import price peaked in 2022 and is likely to see gradual growth in the near future.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Netherlands ($13,519 per ton) and Japan ($13,494 per ton), while the price for Malaysia ($9,763 per ton) and Belgium ($10,268 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.2%), 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 Singapore
In 2022, exports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses from Singapore surged to 2.1K tons, growing by 37% against 2021. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 88% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses surged to $29M in 2022. Over the period under review, exports posted a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 140% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 5.6 | 4.3 | 9.5 | 9.1 | 17.6% |
| Taiwan (Chinese) | 0.8 | 0.8 | 2.7 | 8.4 | 119.0% |
| Japan | 0.1 | 0.1 | 2.0 | 4.4 | 253.0% |
| Hong Kong SAR | 0.1 | 0.2 | 0.2 | 1.5 | 146.6% |
| Indonesia | 0.6 | 0.6 | 0.9 | 1.4 | 32.6% |
| China | 0.3 | 0.4 | 0.9 | 1.2 | 58.7% |
| Philippines | 0.3 | 0.4 | 0.5 | 1.0 | 49.4% |
| Thailand | 0.2 | 0.3 | 0.8 | 0.5 | 35.7% |
| Others | 0.9 | 0.8 | 1.7 | 1.5 | 18.6% |
| Total | 8.9 | 8.0 | 19.2 | 28.9 | 48.1% |
Top Export Markets for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils from Singapore in 2022:
- Malaysia (672.2 tons)
- Taiwan (Chinese) (574.2 tons)
- Japan (286.7 tons)
- Indonesia (112.0 tons)
- Philippines (103.8 tons)
- Hong Kong SAR (95.9 tons)
- China (93.1 tons)
- Thailand (53.3 tons)
Imports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Singapore
In 2022, the amount of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses imported into Singapore contracted markedly to 2.3K tons, waning by -48.7% against the previous year's figure. Overall, imports saw a deep contraction. The growth pace was the most rapid in 2021 with an increase of 8.1% against the previous year. As a result, imports attained the peak of 4.6K tons, and then declined sharply in the following year.
In value terms, imports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses contracted rapidly to $26M in 2022. Over the period under review, imports saw a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of 52% against the previous year. As a result, imports reached the peak of $48M, and then contracted dramatically in the following year.
| Import of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 18.6 | 21.8 | 33.6 | 9.5 | -20.1% |
| Malaysia | 5.5 | 4.7 | 7.6 | 6.8 | 7.3% |
| Japan | 2.2 | 1.9 | 2.0 | 3.5 | 16.7% |
| Taiwan (Chinese) | 2.2 | 1.9 | 2.4 | 2.9 | 9.6% |
| Belgium | N/A | N/A | N/A | 1.5 | 0% |
| China | 1.1 | 0.7 | 1.7 | 1.1 | 0.0% |
| Netherlands | 2.9 | 0.1 | N/A | 0.1 | -67.5% |
| Others | 1.4 | 0.6 | 0.8 | 0.8 | -17.0% |
| Total | 34.0 | 31.7 | 48.1 | 26.2 | -8.3% |
Top Suppliers of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils to Singapore in 2022:
- Germany (824.0 tons)
- Malaysia (701.1 tons)
- Japan (258.5 tons)
- Taiwan (Chinese) (252.0 tons)
- Belgium (144.5 tons)
- China (100.7 tons)
- Netherlands (7.0 tons)
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This report provides an in-depth analysis of the market for copper bars, wire and plates in Singapore.
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This report provides an in-depth analysis of the global market for copper bars, wire and plates.
