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United Kingdom - Refined Copper - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Copper Price in the UK - 2023
Contents:
- Refined Copper Price in the UK (CIF) - 2023
- Refined Copper Price in the UK (FOB) - 2022
- Refined Copper Imports in the UK
- Refined Copper Exports in the UK
Refined Copper Price in the UK (CIF) - 2023
In June 2023, the average refined copper import price amounted to $8,191 per ton, shrinking by -1.7% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 7.6% against the previous month. Over the period under review, average import prices hit record highs at $8,983 per ton in June 2022; however, from July 2022 to June 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($8,678 per ton), while the price for the Netherlands totaled $4,564 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Belgium (-0.3%).
Refined Copper Price in the UK (FOB) - 2022
In 2022, the average refined copper export price amounted to $8,635 per ton, approximately reflecting the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by 66% against the previous year. As a result, the export price attained the peak level of $8,684 per ton, leveling off in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($15,709 per ton), while the average price for exports to Germany ($7,887 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 Belgium (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.
Refined Copper Imports in the UK
Refined copper imports into the UK shrank dramatically to 17K tons in 2022, declining by -25.3% compared with the previous year's figure. Overall, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 2.7%.
In value terms, refined copper imports fell dramatically to $149M in 2022. Over the period under review, imports recorded a noticeable reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 58%. As a result, imports attained the peak of $218M, and then dropped sharply in the following year.
Import of Refined Copper in the UK (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Belgium | 52.6 | 95.8 | 194 | 132 | 35.9% |
Netherlands | 82.3 | 1.7 | 10.2 | 10.8 | -49.2% |
Poland | 7.1 | N/A | N/A | 2.0 | -34.4% |
Germany | 11.0 | 9.4 | 2.3 | 0.9 | -56.6% |
Spain | N/A | 27.2 | N/A | 0.7 | -84.0% |
Congo | 10.0 | N/A | N/A | N/A | 0% |
Others | 6.0 | 3.8 | 11.6 | 3.1 | -19.8% |
Total | 169 | 138 | 218 | 149 | -4.1% |
Top Suppliers of Refined Copper to the UK in 2022:
- Belgium (15.0K tons)
- Netherlands (1.4K tons)
- Poland (0.5K tons)
- Germany (0.1K tons)
- Spain (0.1K tons)
Refined Copper Exports in the UK
For the third year in a row, the UK recorded decline in shipments abroad of refined copper (unwrought, not alloyed), which decreased by -12.3% to 1.2K tons in 2022. In general, exports recorded a significant decline. The smallest decline of -4.9% was in 2021.
In value terms, refined copper exports contracted to $10M in 2022. Overall, exports recorded a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 57% against the previous year.
Export of Refined Copper in the UK (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 11.5 | 3.4 | 9.5 | 7.6 | -12.9% |
United States | 0.1 | 0.4 | 0.5 | 0.6 | 81.7% |
Malaysia | N/A | N/A | N/A | 0.4 | 0% |
Belgium | N/A | 0.1 | 0.2 | 0.4 | 100.0% |
Netherlands | 0.4 | 2.4 | 0.5 | 0.3 | -9.1% |
Italy | 0.4 | 0.5 | 0.1 | 0.3 | -9.1% |
Others | 0.8 | 0.4 | 0.8 | 0.5 | -14.5% |
Total | 13.1 | 7.3 | 11.5 | 10.0 | -8.6% |
Top Export Markets for Refined Copper from the UK in 2022:
- Germany (960.9 tons)
- Belgium (50.8 tons)
- United States (38.6 tons)
- Netherlands (28.0 tons)
- Malaysia (27.3 tons)
- Italy (26.0 tons)
This report provides an in-depth analysis of the copper market in the UK. 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:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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 UK.
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 UK.
This report provides an in-depth analysis of the copper market in the UK.
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>