Price for Copper Plates, Sheets and Strip in the Philippines - 2023
Contents:
- Price for Copper Plates, Sheets and Strip in the Philippines (CIF) - 2023
- Price for Copper Plates, Sheets and Strip in the Philippines (FOB) - 2022
- Imports of Copper Plates, Sheets and Strip in the Philippines
- Exports of Copper Plates, Sheets and Strip in the Philippines
Price for Copper Plates, Sheets and Strip in the Philippines (CIF) - 2023
The average import price for copper plates, sheets and strips stood at $11,114 per ton in June 2023, picking up by 14% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $12,201 per ton in June 2022; however, from July 2022 to June 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Malaysia ($13,777 per ton), while the price for India ($8,121 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by China (+0.2%), while the prices for the other major suppliers experienced a decline.
Price for Copper Plates, Sheets and Strip in the Philippines (FOB) - 2022
The average export price for copper plates, sheets and strips stood at $5,742 per ton in 2022, waning by -12.3% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 42%. As a result, the export price attained the peak level of $7,591 per ton. From 2021 to 2022, the average 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 ($30,892 per ton), while the average price for exports to Malaysia ($2,847 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 Turkey (+49.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Copper Plates, Sheets and Strip in the Philippines
Copper plates, sheets and strip imports into the Philippines expanded modestly to 15K tons in 2022, increasing by 4.4% against the year before. Overall, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +19.3% 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 +69.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 43% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, copper plates, sheets and strip imports expanded markedly to $173M in 2022. In general, imports showed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 85%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.
| Import of Copper Plates, Sheets and Strip in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 23.3 | 26.1 | 52.8 | 62.5 | 38.9% |
| South Korea | 28.4 | 24.3 | 40.1 | 48.6 | 19.6% |
| Thailand | 0.7 | 11.7 | 30.8 | 25.3 | 230.6% |
| China | 9.4 | 10.0 | 17.8 | 12.9 | 11.1% |
| Taiwan (Chinese) | 4.9 | 3.9 | 6.0 | 11.6 | 33.3% |
| Turkey | 1.2 | 1.6 | 5.1 | 3.5 | 42.9% |
| Malaysia | 2.1 | 2.6 | 4.9 | 2.8 | 10.1% |
| Hong Kong SAR | 12.8 | 3.6 | 1.3 | 0.1 | -80.2% |
| Others | 3.8 | 3.7 | 3.2 | 5.8 | 15.1% |
| Total | 86.6 | 87.6 | 162 | 173 | 25.9% |
Top Suppliers of Copper Plates, Sheets and Strip to the Philippines in 2022:
- Hong Kong SAR (undefinedK tons)
- Japan (4.4K tons)
- South Korea (4.4K tons)
- Thailand (2.9K tons)
- China (1.4K tons)
- Taiwan (Chinese) (1.3K tons)
- Turkey (0.4K tons)
- Malaysia (0.2K tons)
Exports of Copper Plates, Sheets and Strip in the Philippines
Copper plates, sheets and strip exports from the Philippines soared to 460 tons in 2022, growing by 33% against 2021 figures. Overall, exports, however, showed a noticeable decrease.
In value terms, copper plates, sheets and strip exports soared to $2.6M in 2022. In general, exports, however, showed a mild slump. The most prominent rate of growth was recorded in 2020 when exports increased by 58%. As a result, the exports attained the peak of $4.4M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Copper Plates, Sheets and Strip in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 461 | N/A | 1,309 | 1,551 | 49.8% |
| Thailand | 96.7 | 125 | 366 | 474 | 69.9% |
| Germany | 17.8 | 15.4 | 163 | 224 | 132.6% |
| United States | 96.5 | N/A | 5.0 | 156 | 17.4% |
| Japan | 1,889 | 948 | 151 | 96.3 | -62.9% |
| Malaysia | 1.7 | 6.8 | 0.5 | 24.3 | 142.7% |
| India | 38.5 | N/A | 56.3 | N/A | 20.9% |
| Turkey | N/A | 3,301 | 93.8 | N/A | -97.2% |
| Others | 199 | 17.6 | 128 | 115 | -16.7% |
| Total | 2,800 | 4,413 | 2,273 | 2,641 | -1.9% |
Top Export Markets for Copper Plates, Sheets and Strip from the Philippines in 2022:
- South Korea (333.3 tons)
- Thailand (70.1 tons)
- United States (23.1 tons)
- Japan (10.5 tons)
- Germany (9.3 tons)
- Malaysia (8.5 tons)
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This report provides an in-depth analysis of the market for copper bars, wire and plates in the Philippines.
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This report provides an in-depth analysis of the global market for copper bars, wire and plates.
