Price for Copper; Refined and Copper Alloys, Unwrought in Romania - 2023
Contents:
- Price for Copper; Refined and Copper Alloys, Unwrought in Romania (CIF) - 2023
- Price for Copper; Refined and Copper Alloys, Unwrought in Romania (FOB) - 2023
- Imports of Copper; Refined and Copper Alloys, Unwrought in Romania
- Exports of Copper; Refined and Copper Alloys, Unwrought in Romania
Price for Copper; Refined and Copper Alloys, Unwrought in Romania (CIF) - 2023
In December 2023, the average import price for copper; refined and copper alloys, unwroughts amounted to $9,686 per ton, jumping by 28% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 when the average import price increased by 36% month-to-month. The import price peaked at $11,493 per ton in January 2023; however, from February 2023 to December 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Greece ($21,417 per ton), while the price for Belgium ($2,475 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Italy (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Copper; Refined and Copper Alloys, Unwrought in Romania (FOB) - 2023
In December 2023, the average export price for copper; refined and copper alloys, unwroughts amounted to $1,756 per ton, picking up by 5.5% against the previous month. Overall, the export price, however, continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in May 2023 when the average export price increased by 473% against the previous month. Over the period under review, the average export prices reached the maximum at $10,959 per ton in June 2023; however, from July 2023 to December 2023, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Bulgaria.
From December 2022 to December 2023, the rate of growth in terms of prices for Bulgaria amounted to -13.1% per month.
Imports of Copper; Refined and Copper Alloys, Unwrought in Romania
In 2022, the amount of copper; refined and copper alloys, unwroughts imported into Romania contracted to 2.2K tons, shrinking by -9.7% on the year before. Over the period under review, total imports indicated a temperate expansion from 2019 to 2022: its volume increased at an average annual rate of +2.5% 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 +75.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 95% against the previous year. As a result, imports attained the peak of 2.4K tons, and then shrank in the following year.
In value terms, imports of copper; refined and copper alloys, unwroughts rose to $17M in 2022. Overall, imports, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of 115%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Copper; Refined and Copper Alloys, Unwrought in Romania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bulgaria | 0.9 | 0.8 | 5.8 | 5.2 | 79.4% |
| Italy | 6.3 | 2.6 | 5.7 | 4.9 | -8.0% |
| Germany | 2.1 | 1.4 | 1.3 | 1.5 | -10.6% |
| Greece | 0.4 | 0.5 | 1.5 | 1.5 | 55.4% |
| Poland | 0.3 | 0.4 | 0.4 | 1.1 | 54.2% |
| Austria | 0.8 | 0.5 | 0.3 | 0.8 | 0.0% |
| Belgium | 0.3 | 0.5 | 0.5 | 0.8 | 38.7% |
| Others | 1.5 | 0.9 | 0.9 | 1.1 | -9.8% |
| Total | 12.6 | 7.6 | 16.4 | 17.0 | 10.5% |
Top Suppliers of Copper; Refined and Copper Alloys, Unwrought to Romania in 2022:
- Bulgaria (645.8 tons)
- Italy (540.0 tons)
- Greece (316.5 tons)
- Belgium (242.6 tons)
- Germany (155.8 tons)
- Poland (97.6 tons)
- Austria (86.9 tons)
Exports of Copper; Refined and Copper Alloys, Unwrought in Romania
In 2022, overseas shipments of copper; refined and copper alloys, unwroughts decreased by -9.8% to 389 tons, falling for the second year in a row after two years of growth. Overall, exports, however, showed a prominent expansion. The pace of growth was the most pronounced in 2020 when exports increased by 202% against the previous year. As a result, the exports attained the peak of 754 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of copper; refined and copper alloys, unwroughts dropped to $2.6M in 2022. In general, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +15.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -24.0% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 100%. As a result, the exports reached the peak of $3.4M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Copper; Refined and Copper Alloys, Unwrought in Romania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | N/A | 1,819 | 1,216 | 872 | -30.8% |
| China | N/A | 867 | 270 | 747 | -7.2% |
| Germany | 217 | 34.6 | 86.1 | 433 | 25.9% |
| Italy | 1,238 | 459 | 999 | 336 | -35.3% |
| Bulgaria | N/A | 104 | 107 | 71.3 | -17.2% |
| Others | 226 | 81.8 | 89.9 | 98.1 | -24.3% |
| Total | 1,680 | 3,365 | 2,769 | 2,558 | 15.0% |
Top Export Markets for Copper; Refined and Copper Alloys, Unwrought from Romania in 2022:
- Hong Kong SAR (129.9 tons)
- China (128.4 tons)
- Germany (59.4 tons)
- Italy (40.8 tons)
- Bulgaria (27.7 tons)
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