Price for Copper; Refined, Unwrought, Billets in India - 2023
Contents:
- Price for Copper; Refined, Unwrought, Billets in India (FOB) - 2023
- Price for Copper; Refined, Unwrought, Billets in India (CIF) - 2023
- Exports of Copper; Refined, Unwrought, Billets in India
- Imports of Copper; Refined, Unwrought, Billets in India
Price for Copper; Refined, Unwrought, Billets in India (FOB) - 2023
The average copper; refined, unwrought, billets export price stood at $8,068 per ton in September 2023, therefore, remained relatively stable against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 when the average export price increased by 10% m-o-m. The export price peaked at $8,562 per ton in February 2023; however, from March 2023 to September 2023, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major foreign markets. In September 2023, the country with the highest price was Finland ($10,413 per ton), while the average price for exports to China stood at $7,935 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+0.3%).
Price for Copper; Refined, Unwrought, Billets in India (CIF) - 2023
In September 2023, the average copper; refined, unwrought, billets import price amounted to $9,223 per ton, approximately reflecting the previous month. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 an increase of 11% month-to-month. Over the period under review, average import prices reached the maximum at $10,823 per ton in April 2023; however, from May 2023 to September 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was China ($14,037 per ton), while the price for Thailand ($8,844 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Copper; Refined, Unwrought, Billets in India
In 2022, overseas shipments of copper; refined, unwrought, billetses decreased by -36% to 20K tons, falling for the second year in a row after two years of growth. In general, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 650%. As a result, the exports attained the peak of 33K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, copper; refined, unwrought, billets exports shrank markedly to $174M in 2022. Overall, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 684%.
| Export of Copper; Refined, Unwrought, Billets in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 23.4 | 198 | 270 | 174 | 95.2% |
| Others | 2.2 | 2.0 | 0.5 | N/A | -52.3% |
| Total | 25.6 | 200 | 270 | 174 | 89.4% |
Top Export Markets for Copper; Refined, Unwrought, Billets from India in 2022:
- China (20.3K tons)
Imports of Copper; Refined, Unwrought, Billets in India
In 2022, approx. 2K tons of copper; refined, unwrought, billetses were imported into India; jumping by 52% on 2021. Overall, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +8.6% 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 +54.2% against 2020 indices. 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 soared to $21M in 2022. Over the period under review, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Copper; Refined, Unwrought, Billets in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 1.1 | 1.2 | 4.0 | 7.5 | 89.6% |
| Italy | N/A | N/A | 0.9 | 2.4 | 166.7% |
| Germany | 5.5 | 2.4 | 2.5 | 2.4 | -24.2% |
| China | N/A | N/A | N/A | 2.3 | 0% |
| Japan | 3.8 | 2.8 | 4.3 | 2.0 | -19.3% |
| Vietnam | 0.4 | 1.9 | 0.5 | 1.8 | 65.1% |
| Finland | N/A | 0.1 | N/A | 1.3 | 260.6% |
| Others | 0.3 | 0.8 | 1.0 | 0.9 | 44.2% |
| Total | 11.2 | 9.1 | 13.2 | 20.6 | 22.5% |
Top Suppliers of Copper; Refined, Unwrought, Billets to India in 2022:
- Austria (775.6 tons)
- Italy (239.8 tons)
- Germany (238.4 tons)
- Vietnam (201.7 tons)
- China (198.0 tons)
- Japan (179.0 tons)
- Finland (117.1 tons)
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The growth rate of Copper was particularly strong in November 2022, experiencing a month-on-month increase of 282%. In terms of value, copper imports reached $316M in October 2023.
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