Price for Copper; Refined, Unwrought, Wire-Bars in Thailand - 2022

Contents:

1. Price for Copper; Refined, Unwrought, Wire-Bars in Thailand (CIF) - 2022
2. Price for Copper; Refined, Unwrought, Wire-Bars in Thailand (FOB) - 2022
3. Imports of Copper; Refined, Unwrought, Wire-Bars in Thailand
4. Exports of Copper; Refined, Unwrought, Wire-Bars in Thailand

Price for Copper; Refined, Unwrought, Wire-Bars in Thailand (CIF) - 2022

In 2022, the average copper; refined, unwrought, wire-bars import price amounted to $3,250 per ton, declining by -81.3% against the previous year. Overall, the import price saw a deep contraction. The growth pace was the most rapid in 2020 an increase of 376% against the previous year. As a result, import price reached the peak level of $30,000 per ton. From 2021 to 2022, 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 South Korea.

From 2012 to 2022, the rate of growth in terms of prices for Italy amounted to +23.9% per year.

Price for Copper; Refined, Unwrought, Wire-Bars in Thailand (FOB) - 2022

In 2022, the average copper; refined, unwrought, wire-bars export price amounted to $9,668 per ton, approximately mirroring the previous year. Overall, the export price recorded a resilient expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 244% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +31.6% per year.

Imports of Copper; Refined, Unwrought, Wire-Bars in Thailand

In 2022, approx. 84 kg of copper; refined, unwrought, wire-barses were imported into Thailand; increasing by 342% compared with 2021 figures. Overall, imports, however, continue to indicate a precipitous contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 375%.

In value terms, copper; refined, unwrought, wire-bars imports dropped remarkably to $273 in 2022. In general, imports, however, continue to indicate a precipitous descent. The growth pace was the most rapid in 2021 with an increase of 175% against the previous year.

Top Suppliers of Copper; Refined, Unwrought, Wire-Bars to Thailand in 2022:

1. South Korea (83.0 kg)
2. Japan (1.0 kg)

Exports of Copper; Refined, Unwrought, Wire-Bars in Thailand

In 2022, overseas shipments of copper; refined, unwrought, wire-barses decreased by 0% to 40 tons, falling for the second year in a row after two years of growth. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 1,300% against the previous year. As a result, the exports attained the peak of 557 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, copper; refined, unwrought, wire-bars exports stood at $389K in 2022. Over the period under review, exports showed buoyant growth. The pace of growth appeared the most rapid in 2020 with an increase of 1,099% against the previous year. As a result, the exports attained the peak of $3.1M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Top Export Markets for Copper; Refined, Unwrought, Wire-Bars from Thailand in 2022:

1. China (40.2 tons)

Source: IndexBox Market Intelligence Platform