Copper; Master Alloys Price in the Philippines - 2023

Contents:

1. Copper; Master Alloys Price in the Philippines (CIF) - 2022
2. Copper; Master Alloys Price in the Philippines (FOB) - 2022
3. Copper; Master Alloys Imports in the Philippines
4. Copper; Master Alloys Exports in the Philippines

Copper; Master Alloys Price in the Philippines (CIF) - 2022

The average copper; master alloys import price stood at $28,003 per ton in 2022, rising by 117% against the previous year. Over the period under review, the import price showed strong growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 ($58,611 per ton), while the price for Japan ($26,560 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+18.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Copper; Master Alloys Price in the Philippines (FOB) - 2022

In 2022, the average copper; master alloys export price amounted to $16,594 per ton, rising by 26% against the previous year. Over the period under review, the export price continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2014 an increase of 41% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Japan.

From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to +19.6% per year.

Copper; Master Alloys Imports in the Philippines

In 2022, copper; master alloys imports into the Philippines dropped notably to 2.7 tons, with a decrease of -99.3% compared with the previous year. Overall, imports faced a precipitous slump. The pace of growth appeared the most rapid in 2021 with an increase of 67%.

In value terms, copper; master alloys imports reduced markedly to $76K in 2022. Over the period under review, imports saw a precipitous decrease. The pace of growth was the most pronounced in 2021 with an increase of 97% against the previous year. As a result, imports attained the peak of $4.7M, and then shrank markedly in the following year.

Top Suppliers of Copper; Master Alloys to the Philippines in 2022:

1. Japan (2248.0 kg)
2. Hong Kong SAR (406.0 kg)
3. United States (54.0 kg)

Copper; Master Alloys Exports in the Philippines

In 2022, after three years of growth, there was significant decline in shipments abroad of copper; master alloyses, when their volume decreased by -38.1% to 2.6 tons. In general, exports, however, saw buoyant growth. The pace of growth was the most pronounced in 2021 when exports increased by 81% against the previous year. As a result, the exports reached the peak of 4.3 tons, and then shrank sharply in the following year.

In value terms, copper; master alloys exports shrank rapidly to $44K in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 77%. As a result, the exports attained the peak of $56K, and then fell rapidly in the following year.

Top Export Markets for Copper; Master Alloys from the Philippines in 2022:

1. Japan (2.6 tons)

Source: IndexBox Market Intelligence Platform