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

Price for Copper; Refined, Unwrought, Billets in Sweden (CIF) - 2022

In 2022, the average copper; refined, unwrought, billets import price amounted to $14,955 per ton, picking up by 37% against the previous year. Overall, the import price recorded a prominent increase. The growth pace was the most rapid in 2020 when the average import price increased by 54% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($54,467 per ton), while the price for Germany ($10,381 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+23.0%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average copper; refined, unwrought, billets export price stood at $39,819 per ton in 2022, approximately equating the previous year. Over the period under review, the export price posted a buoyant increase. The pace of growth appeared the most rapid in 2020 a decrease of 99.9% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.

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

From 2012 to 2022, the rate of growth in terms of prices for Norway amounted to +25.9% per year.

Imports of Copper; Refined, Unwrought, Billets in Sweden

In 2022, copper; refined, unwrought, billets imports into Sweden fell notably to 14 tons, which is down by -33.8% compared with the previous year. In general, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 2,408% against the previous year. As a result, imports attained the peak of 21 tons, and then contracted remarkably in the following year.

In value terms, copper; refined, unwrought, billets imports declined to $204K in 2022. Over the period under review, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 2,667%. As a result, imports reached the peak of $226K, and then fell in the following year.

Import of Copper; Refined, Unwrought, Billets in Sweden (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	18.3	N/A	N/A	92.1	71.4%
Finland	2.7	6.5	226	22.1	101.5%
United States	14.7	1.4	N/A	2.9	-41.8%
Others	N/A	0.3	-0.7	87.0	1602.9%
Total	35.6	8.2	226	204	78.9%

Top Suppliers of Copper; Refined, Unwrought, Billets to Sweden in 2022:

Germany (8.9 tons)
Finland (1.8 tons)
United States (0.1 tons)

Exports of Copper; Refined, Unwrought, Billets in Sweden

In 2022, overseas shipments of copper; refined, unwrought, billetses decreased by -55.6% to 4 kg for the first time since 2019, thus ending a two-year declining trend. In general, exports saw a dramatic contraction.

In value terms, copper; refined, unwrought, billets exports contracted markedly to $179 in 2022. Over the period under review, exports saw a sharp decrease.