Philippines - Refined Copper - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Copper Price in the Philippines - 2023
Contents:
- Refined Copper Price in the Philippines (FOB) - 2023
- Refined Copper Price in the Philippines (CIF) - 2023
- Refined Copper Exports in the Philippines
- Refined Copper Imports in the Philippines
Refined Copper Price in the Philippines (FOB) - 2023
In June 2023, the average refined copper export price amounted to $8,259 per ton, which is down by -6.9% against the previous month. Overall, the export price saw a mild curtailment. The pace of growth appeared the most rapid in September 2022 when the average export price increased by 27% against the previous month. Over the period under review, the average export prices hit record highs at $9,440 per ton in June 2022; however, from July 2022 to June 2023, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In June 2023, the highest price was recorded for prices to Vietnam ($8,292 per ton) and Indonesia ($8,292 per ton), while the average price for exports to South Korea ($8,230 per ton) and Thailand ($8,268 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (-0.9%), while the prices for the other major destinations experienced a decline.
Refined Copper Price in the Philippines (CIF) - 2023
In June 2023, the average refined copper import price amounted to $8,747 per ton, shrinking by -2.8% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 an increase of 8% month-to-month. Over the period under review, average import prices reached the peak figure at $9,800 per ton in June 2022; however, from July 2022 to June 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In June 2023, the country with the highest price was France ($11,153 per ton), while the price for Japan amounted to $8,307 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by South Korea (+25.6%), while the prices for the other major suppliers experienced a decline.
Refined Copper Exports in the Philippines
In 2022, overseas shipments of refined copper (unwrought, not alloyed) decreased by -3.6% to 213K tons, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a mild decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 15% against the previous year. As a result, the exports reached the peak of 256K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, refined copper exports dropped to $1.9B in 2022. In general, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +14.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.6% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 38%. As a result, the exports attained the peak of $2.2B, and then reduced in the following year.
Export of Refined Copper in the Philippines (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 644 | 872 | 1,262 | 827 | 8.7% |
Thailand | 284 | 318 | 454 | 552 | 24.8% |
Vietnam | 52.4 | 61.0 | 147 | 165 | 46.6% |
Indonesia | 88.2 | 57.6 | 61.4 | 128 | 13.2% |
Malaysia | 39.4 | 24.6 | 33.3 | 122 | 45.8% |
South Korea | 100 | 112 | 91.9 | 71.2 | -10.7% |
Taiwan (Chinese) | 45.1 | 2.3 | 32.4 | 34.4 | -8.6% |
India | N/A | 116 | 78.1 | N/A | -32.7% |
Others | N/A | 0.6 | 0.2 | 0.1 | -59.2% |
Total | 1,254 | 1,564 | 2,160 | 1,900 | 14.9% |
Top Export Markets for Refined Copper from the Philippines in 2022:
- China (91.9K tons)
- Thailand (63.2K tons)
- Vietnam (18.0K tons)
- Indonesia (14.4K tons)
- Malaysia (13.6K tons)
- South Korea (8.2K tons)
- Taiwan (Chinese) (3.7K tons)
Refined Copper Imports in the Philippines
Refined copper imports into the Philippines contracted dramatically to 5K tons in 2022, shrinking by -62% on the previous year. In general, imports continue to indicate a precipitous descent. The pace of growth was the most pronounced in 2021 with an increase of 18%. As a result, imports reached the peak of 13K tons, and then fell dramatically in the following year.
In value terms, refined copper imports contracted remarkably to $47M in 2022. Over the period under review, imports recorded a abrupt contraction. The pace of growth was the most pronounced in 2021 when imports increased by 68%. As a result, imports attained the peak of $122M, and then dropped remarkably in the following year.
Import of Refined Copper in the Philippines (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 18.2 | 15.4 | 24.6 | 25.2 | 11.5% |
South Korea | 27.5 | 34.5 | 81.3 | 20.2 | -9.8% |
Taiwan (Chinese) | 28.9 | 22.5 | 15.5 | 0.9 | -68.5% |
Others | 1.3 | 0.2 | 0.6 | 0.5 | -27.3% |
Total | 75.9 | 72.6 | 122 | 46.9 | -14.8% |
Top Suppliers of Refined Copper to the Philippines in 2022:
- Japan (2.8K tons)
- South Korea (2.1K tons)
- Taiwan (Chinese) (0.1K tons)
This report provides an in-depth analysis of the copper market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24441330 - Unwrought unalloyed refined copper (excluding rolled, e xtruded or forged sintered products)
Country coverage:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the copper market in the Philippines.
This report provides an in-depth analysis of the global copper market.
This report provides an in-depth analysis of the global copper market.
This report provides an in-depth analysis of the unwrought copper alloy market in the Philippines.
This report provides an in-depth analysis of the copper market in the Philippines.
Global Unwrought Copper Alloy Market Report 2018. This report provides an in-depth analysis of the global unwrought copper alloy market.
This report provides an in-depth analysis of the global copper market.
This report provides an in-depth analysis of the global copper market.
Explore the top import markets for copper, including China, the United States, Germany, Italy, and more. Learn about their import values and the role of copper in various industries.
Global refined copper imports amounted to X tons in 2016, declining by -X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to X>
Explore the top import markets for copper, including China, the United States, Germany, Italy, and more. Learn about their import values and the role of copper in various industries.
Global refined copper imports amounted to X tons in 2016, declining by -X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to X>