Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in South Korea - 2022

Contents:

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

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

The average export price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses stood at $10,251 per ton in December 2022, growing by 2% against the previous month. Overall, the export price, however, showed a mild shrinkage. The most prominent rate of growth was recorded in April 2022 an increase of 2.5% month-to-month. Over the period under review, the average export prices attained the maximum at $12,394 per ton in May 2022; however, from June 2022 to December 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In December 2022, the highest price was recorded for prices to Hungary ($11,043 per ton) and Slovenia ($10,884 per ton), while the average price for exports to Vietnam ($9,023 per ton) and India ($9,333 per ton) were amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (-0.6%), while the prices for the other major destinations experienced a decline.

Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in South Korea (CIF) - 2022

In December 2022, the average import price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses amounted to $10,716 per ton, with an increase of 13% against the previous month. Over the period under review, the import price, however, showed a mild decrease. The most prominent rate of growth was recorded in March 2022 when the average import price increased by 20% month-to-month. As a result, import price attained the peak level of $13,864 per ton. From April 2022 to December 2022, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Taiwan (Chinese) ($40,823 per ton), while the price for China ($8,540 per ton) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+0.6%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, approx. 23K tons of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses were exported from South Korea; surging by 8.8% on the previous year's figure. The total export volume increased at an average annual rate of +10.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 13%. Over the period under review, the exports of reached the peak figure 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 totaled $264M in 2022. In general, exports recorded significant growth. The pace of growth was the most pronounced in 2021 with an increase of 51% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

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

1. China (5.2K tons)
2. Taiwan (Chinese) (4.8K tons)
3. Japan (1.6K tons)
4. Hungary (1.4K tons)
5. Indonesia (1.4K tons)
6. Malaysia (1.4K tons)
7. Philippines (1.2K tons)
8. Thailand (1.2K tons)
9. Hong Kong SAR (1.1K tons)
10. Vietnam (0.9K tons)

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

In 2022, the amount of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses imported into South Korea dropped notably to 4.8K tons, declining by -33% compared with the previous year. Over the period under review, imports continue to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2021 with an increase of 46% against the previous year. As a result, imports attained the peak of 7.2K tons, and then fell notably in the following year.

In value terms, imports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses shrank significantly to $52M in 2022. Overall, imports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by 98% against the previous year. As a result, imports reached the peak of $79M, and then reduced rapidly in the following year.

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

1. China (2312.7 tons)
2. Bulgaria (1295.9 tons)
3. Thailand (536.3 tons)
4. Japan (463.8 tons)
5. Germany (126.6 tons)

Source: IndexBox Market Intelligence Platform