Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Switzerland - 2024

Contents:

1. Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Switzerland (CIF) - 2024
2. Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Switzerland (FOB) - 2024
3. Imports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Switzerland
4. Exports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Switzerland

Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Switzerland (CIF) - 2024

The average import price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses stood at $10,832 per ton in January 2024, with a decrease of -5.2% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in December 2023 when the average import price increased by 5.3% against the previous month. The import price peaked at $11,463 per ton in April 2023; however, from May 2023 to January 2024, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In January 2024, the countries with the highest prices were Germany ($11,850 per ton) and Italy ($10,766 per ton), while the price for China ($9,567 per ton) and Serbia ($9,725 per ton) were amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Germany (+0.4%), 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 Switzerland (FOB) - 2024

The average export price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses stood at $12,294 per ton in January 2024, with an increase of 11% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2023 an increase of 18% month-to-month. The export price peaked at $13,121 per ton in August 2023; however, from September 2023 to January 2024, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In January 2024, the country with the highest price was the Czech Republic ($23,652 per ton), while the average price for exports to Italy ($10,906 per ton) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+0.6%), 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 Switzerland

In 2022, imports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses into Switzerland stood at 10K tons, picking up by 7.7% against the year before. The total import volume increased at an average annual rate of +3.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses rose rapidly to $111M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +18.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.1% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 39% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

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

1. Italy (3.9K tons)
2. Germany (2.7K tons)
3. Bulgaria (1.2K tons)
4. Serbia (1.1K tons)
5. Austria (0.6K tons)
6. Turkey (0.3K tons)
7. China (0.2K tons)
8. Finland (0.1K tons)

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

For the fourth consecutive year, Switzerland recorded growth in shipments abroad of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses, which increased by 32% to 315 tons in 2022. In general, exports saw a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 71% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses surged to $4.3M in 2022. Over the period under review, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 142% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

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

1. Germany (232.7 tons)
2. Austria (21.7 tons)
3. Netherlands (17.5 tons)
4. United States (15.3 tons)
5. Slovakia (7.3 tons)
6. France (7.2 tons)
7. Italy (6.9 tons)

Source: IndexBox Market Intelligence Platform