Price for Copper; Refined, Unwrought, Billets in Finland - 2023

Price for Copper; Refined, Unwrought, Billets in Finland (FOB) - 2022

The average copper; refined, unwrought, billets export price stood at $14,702 per ton in 2022, with an increase of 32% against the previous year. Overall, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper; refined, unwrought, billets export price increased by +114.2% against 2016 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 47%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($40,657 per ton), while the average price for exports to Russia ($7,656 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 Canada (+35.5%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Copper; Refined, Unwrought, Billets in Finland (CIF) - 2023

In June 2023, the average copper; refined, unwrought, billets import price amounted to $9,192 per ton, shrinking by -7.3% against the previous month. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in April 2023 an increase of 6% m-o-m. As a result, import price reached the peak level of $10,058 per ton. From May 2023 to June 2023, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Germany.

From June 2022 to June 2023, the rate of growth in terms of prices for Germany amounted to -0.5% per month.

Exports of Copper; Refined, Unwrought, Billets in Finland

In 2022, exports of copper; refined, unwrought, billetses from Finland reached 559 tons, picking up by 4.2% compared with 2021 figures. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 99.9%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, copper; refined, unwrought, billets exports surged to $8.2M in 2022. Overall, exports saw significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 193% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Export of Copper; Refined, Unwrought, Billets in Finland (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Canada	N/A	N/A	3,130	2,735	-12.6%
Germany	593	252	583	1,641	40.4%
India	161	138	301	1,451	108.1%
United States	28.5	59.9	367	594	175.2%
China	333	687	317	383	4.8%
Malaysia	46.1	72.2	94.8	324	91.5%
Russia	N/A	26.0	N/A	217	188.9%
Poland	172	120	27.8	71.3	-25.4%
South Korea	722	340	49.1	15.9	-72.0%
Japan	1,933	143	25.4	N/A	-88.5%
Others	60.7	199	1,079	788	135.0%
Total	4,049	2,038	5,974	8,220	26.6%

Top Export Markets for Copper; Refined, Unwrought, Billets from Finland in 2022:

Germany (158.1 tons)
India (148.0 tons)
Canada (67.3 tons)
United States (55.9 tons)
China (33.0 tons)
Russia (28.3 tons)
Malaysia (20.3 tons)
Poland (7.3 tons)
South Korea (1.4 tons)

Imports of Copper; Refined, Unwrought, Billets in Finland

In 2022, the amount of copper; refined, unwrought, billetses imported into Finland surged to 586 tons, with an increase of 2,212% against the year before. In general, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, copper; refined, unwrought, billets imports surged to $5.9M in 2022. Over the period under review, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.