Price for Copper; Refined and Copper Alloys, Unwrought in Canada - 2024

Contents:

1. Price for Copper; Refined and Copper Alloys, Unwrought in Canada (FOB) - 2022
2. Price for Copper; Refined and Copper Alloys, Unwrought in Canada (CIF) - 2022
3. Exports of Copper; Refined and Copper Alloys, Unwrought in Canada
4. Imports of Copper; Refined and Copper Alloys, Unwrought in Canada

Price for Copper; Refined and Copper Alloys, Unwrought in Canada (FOB) - 2022

The average export price for copper; refined and copper alloys, unwroughts stood at $8,866 per ton in 2022, declining by -2.5% against the previous year. Overall, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for copper; refined and copper alloys, unwroughts increased by +48.2% against 2020 indices. The growth pace was the most rapid in 2021 when the average export price increased by 52% against the previous year. As a result, the export price attained the peak level of $9,092 per ton, and then reduced slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($8,973 per ton), while the average price for exports to China ($4,679 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 Brazil (+1.2%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Copper; Refined and Copper Alloys, Unwrought in Canada (CIF) - 2022

In 2022, the average import price for copper; refined and copper alloys, unwroughts amounted to $9,058 per ton, falling by -2.6% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 32% against the previous year. As a result, import price attained the peak level of $9,298 per ton, and then contracted in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Zambia ($9,487 per ton) and Democratic Republic of the Congo ($9,215 per ton), while the price for Germany ($8,377 per ton) and Chile ($8,427 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Copper; Refined and Copper Alloys, Unwrought in Canada

In 2022, shipments abroad of copper; refined and copper alloys, unwroughts decreased by -13.7% to 136K tons, falling for the second consecutive year after two years of growth. In general, exports showed a pronounced slump. The most prominent rate of growth was recorded in 2020 with an increase of 15% against the previous year. As a result, the exports reached the peak of 172K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of copper; refined and copper alloys, unwroughts declined rapidly to $1.2B in 2022. Overall, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +10.2% 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 +33.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 39% against the previous year. As a result, the exports attained the peak of $1.4B, and then shrank dramatically in the following year.

Top Export Markets for Copper; Refined and Copper Alloys, Unwrought from Canada in 2022:

1. United States (130.9K tons)
2. Brazil (4.5K tons)
3. China (0.3K tons)

Imports of Copper; Refined and Copper Alloys, Unwrought in Canada

In 2022, the amount of copper; refined and copper alloys, unwroughts imported into Canada declined notably to 33K tons, reducing by -47.8% on the previous year's figure. In general, imports showed a precipitous contraction. The pace of growth was the most pronounced in 2021 when imports increased by 70%.

In value terms, imports of copper; refined and copper alloys, unwroughts reduced remarkably to $295M in 2022. Over the period under review, imports faced a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of 125% against the previous year. As a result, imports attained the peak of $580M, and then contracted remarkably in the following year.

Top Suppliers of Copper; Refined and Copper Alloys, Unwrought to Canada in 2022:

1. United States (16.2K tons)
2. Democratic Republic of the Congo (7.7K tons)
3. Chile (6.1K tons)
4. Germany (1.0K tons)
5. Zambia (0.7K tons)
6. Mexico (0.2K tons)

Source: IndexBox Market Intelligence Platform