Price for Copper; Powders and Flakes in Serbia - 2023

Contents:

1. Price for Copper; Powders and Flakes in Serbia (FOB) - 2023
2. Price for Copper; Powders and Flakes in Serbia (CIF) - 2022
3. Exports of Copper; Powders and Flakes in Serbia
4. Imports of Copper; Powders and Flakes in Serbia

Price for Copper; Powders and Flakes in Serbia (FOB) - 2023

The average copper; powders and flakes export price stood at $9,108 per ton in November 2023, which is down by -1.7% against the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 12% month-to-month. The export price peaked at $10,585 per ton in March 2023; however, from April 2023 to November 2023, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In November 2023, the country with the highest price was Italy ($9,453 per ton), while the average price for exports to Spain amounted to $8,497 per ton.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+0.5%).

Price for Copper; Powders and Flakes in Serbia (CIF) - 2022

In 2022, the average copper; powders and flakes import price amounted to $17,520 per ton, picking up by 4.7% against the previous year. Over the period under review, the import price enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 44%. The import price peaked in 2022 and is likely to continue 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 ($35,258 per ton), while the price for Italy ($16,035 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Copper; Powders and Flakes in Serbia

In 2022, copper; powders and flakes exports from Serbia rose markedly to 1.9K tons, growing by 5.8% on the previous year's figure. The total export volume increased at an average annual rate of +8.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 31%. As a result, the exports attained the peak of 1.9K tons; afterwards, it flattened through to 2022.

In value terms, copper; powders and flakes exports expanded sharply to $19M in 2022. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +21.2% 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 +78.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 29%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Top Export Markets for Copper; Powders and Flakes from Serbia in 2022:

1. Italy (1511.1 tons)
2. Spain (345.1 tons)

Imports of Copper; Powders and Flakes in Serbia

In 2022, overseas purchases of copper; powders and flakeses increased by 9.2% to 49 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a abrupt curtailment.

In value terms, copper; powders and flakes imports rose remarkably to $864K in 2022. The total import value increased at an average annual rate of +5.8% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Copper; Powders and Flakes to Serbia in 2022:

1. Germany (26.4 tons)
2. Italy (20.5 tons)
3. United States (2.2 tons)

Source: IndexBox Market Intelligence Platform