Price for Copper; Refined and Copper Alloys, Unwrought in Serbia - 2024

Price for Copper; Refined and Copper Alloys, Unwrought in Serbia (FOB) - 2024

In January 2024, the average export price for copper; refined and copper alloys, unwroughts amounted to $8,445 per ton, approximately reflecting the previous month. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 7.2% month-to-month. As a result, the export price reached the peak level of $8,981 per ton. From May 2023 to January 2024, the the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In January 2024, the countries with the highest prices were China ($8,481 per ton) and Bulgaria ($8,436 per ton), while the average price for exports to Spain ($8,358 per ton) and Italy ($8,407 per ton) were amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to China (+0.4%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Copper; Refined and Copper Alloys, Unwrought in Serbia (CIF) - 2024

In January 2024, the average import price for copper; refined and copper alloys, unwroughts amounted to $9,454 per ton, rising by 8.6% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in September 2023 an increase of 10% m-o-m. The import price peaked in January 2024.

Prices varied noticeably by the country of origin: the country with the highest price was Spain ($13,240 per ton), while the price for Bulgaria ($8,493 per ton) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Spain (+1.4%), while the prices for the other major suppliers experienced a decline.

Exports of Copper; Refined and Copper Alloys, Unwrought in Serbia

For the third consecutive year, Serbia recorded decline in overseas shipments of copper; refined and copper alloys, unwroughts, which decreased by -62.5% to 19K tons in 2022. In general, exports continue to indicate a significant decrease. The smallest decline of -10.5% was in 2021.

In value terms, exports of copper; refined and copper alloys, unwroughts shrank notably to $185M in 2022. Over the period under review, exports faced a precipitous decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 36% against the previous year. As a result, the exports attained the peak of $470M, and then declined rapidly in the following year.

Export of Copper; Refined and Copper Alloys, Unwrought in Serbia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	264	228	326	133	-20.4%
Bulgaria	43.2	37.6	125	29.9	-11.5%
France	10.1	7.9	10.6	13.6	10.4%
Germany	9.0	N/A	1.3	8.8	-0.7%
Croatia	54.0	49.2	N/A	N/A	-8.9%
Italy	32.2	0.3	N/A	N/A	-99.1%
Turkey	21.2	17.5	N/A	N/A	-17.5%
Others	4.8	4.7	6.9	0.1	-72.5%
Total	438	345	470	185	-25.0%

Top Export Markets for Copper; Refined and Copper Alloys, Unwrought from Serbia in 2022:

China (13.2K tons)
Bulgaria (3.0K tons)
France (1.4K tons)
Germany (1.1K tons)

Imports of Copper; Refined and Copper Alloys, Unwrought in Serbia

In 2022, supplies from abroad of copper; refined and copper alloys, unwroughts was finally on the rise to reach 11K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of copper; refined and copper alloys, unwroughts skyrocketed to $95M in 2022. Over the period under review, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.