Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Serbia - 2024

Contents:

1. Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Serbia (FOB) - 2024
2. Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Serbia (CIF) - 2022
3. Exports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Serbia
4. Imports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Serbia

Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Serbia (FOB) - 2024

The average export price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses stood at $10,073 per ton in January 2024, approximately mirroring the previous month. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in November 2023 an increase of 7.9% m-o-m. Over the period under review, the average export prices hit record highs at $10,848 per ton in February 2023; however, from March 2023 to January 2024, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Russia ($18,593 per ton), while the average price for exports to Switzerland ($9,615 per ton) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia (+1.4%), while the prices for the other major destinations experienced a decline.

Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Serbia (CIF) - 2022

In 2022, the average import price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses amounted to $12,014 per ton, surging by 11% against the previous year. Overall, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses increased by +39.4% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the average import price increased by 28%. The import price peaked in 2022 and is likely to see gradual growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Italy ($13,337 per ton) and Turkey ($12,327 per ton), while the price for Bulgaria ($10,647 per ton) and Germany ($12,248 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Serbia

In 2022, the amount of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses exported from Serbia expanded modestly to 5.3K tons, surging by 3.7% compared with 2021. The total export volume increased at an average annual rate of +4.6% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 15%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, exports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses amounted to $55M in 2022. Over the period under review, exports saw a significant expansion. The growth pace was the most rapid in 2021 with an increase of 69%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

Top Export Markets for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils from Serbia in 2022:

1. Italy (1297.2 tons)
2. Switzerland (1075.6 tons)
3. Germany (942.7 tons)
4. Slovenia (597.5 tons)
5. Czech Republic (596.7 tons)
6. United States (165.0 tons)
7. Austria (144.6 tons)
8. Russia (46.6 tons)

Imports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Serbia

In 2022, overseas purchases of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses decreased by -28.7% to 528 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated notable growth from 2019 to 2022: its volume increased at an average annual rate of +4.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 43% against the previous year.

In value terms, imports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses reduced markedly to $6.3M in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +15.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 43%. As a result, imports reached the peak of $8.1M, and then dropped notably in the following year.

Top Suppliers of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils to Serbia in 2022:

1. Germany (381.8 tons)
2. Bulgaria (79.8 tons)
3. Turkey (36.0 tons)
4. Italy (17.7 tons)

Source: IndexBox Market Intelligence Platform