Sulphates; of Copper Price in Singapore - 2022

Contents:

1. Sulphates; of Copper Price in Singapore (CIF) - 2022
2. Sulphates; of Copper Price in Singapore (FOB) - 2022
3. Sulphates; of Copper Imports in Singapore
4. Sulphates; of Copper Exports in Singapore

Sulphates; of Copper Price in Singapore (CIF) - 2022

The average sulphates; of copper import price stood at $4,321 per ton in 2022, jumping by 31% against the previous year. In general, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphates; of copper import price increased by +96.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 40%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($7,216 per ton), while the price for Brazil ($3,166 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Sulphates; of Copper Price in Singapore (FOB) - 2022

In 2022, the average sulphates; of copper export price amounted to $3,679 per ton, waning by -30.8% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 1,150%. Over the period under review, the average export prices hit record highs at $6,988 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($7,550 per ton), while the average price for exports to Malaysia ($3,602 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 China (+21.6%), while the prices for the other major destinations experienced more modest paces of growth.

Sulphates; of Copper Imports in Singapore

In 2022, the amount of sulphates; of coppers imported into Singapore skyrocketed to 1.3K tons, with an increase of 18% on 2021. Over the period under review, imports, however, recorded a slight decrease.

In value terms, sulphates; of copper imports surged to $5.6M in 2022. Overall, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Sulphates; of Copper to Singapore in 2022:

1. Taiwan (Chinese) (607.7 tons)
2. United States (300.5 tons)
3. China (223.1 tons)
4. Malaysia (69.2 tons)
5. Brazil (28.0 tons)
6. Mexico (23.3 tons)
7. Japan (18.0 tons)

Sulphates; of Copper Exports in Singapore

In 2022, sulphates; of copper exports from Singapore skyrocketed to 199 tons, picking up by 86% on the previous year's figure. In general, exports, however, recorded a sharp reduction. The growth pace was the most rapid in 2021 with an increase of 509% against the previous year.

In value terms, sulphates; of copper exports soared to $731K in 2022. Overall, exports enjoyed significant growth. The growth pace was the most rapid in 2021 with an increase of 545% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Top Export Markets for Sulphates; of Copper from Singapore in 2022:

1. Malaysia (189.5 tons)
2. Sri Lanka (4.5 tons)

Source: IndexBox Market Intelligence Platform