Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Japan - 2023
Contents:
- Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Japan (FOB) - 2023
- Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Japan (CIF) - 2023
- Exports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Japan
- Imports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Japan
Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Japan (FOB) - 2023
The average export price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses stood at $10,819 per ton in November 2023, remaining 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 January 2023 when the average export price increased by 3.3% against the previous month. As a result, the export price attained the peak level of $11,856 per ton. From February 2023 to November 2023, the the average export prices remained at a lower figure.
Average prices varied somewhat for the major overseas markets. In November 2023, the highest price was recorded for prices to Vietnam ($13,696 per ton) and China ($11,355 per ton), while the average price for exports to Taiwan (Chinese) ($9,646 per ton) and Singapore ($9,765 per ton) were amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+0.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Japan (CIF) - 2023
In November 2023, the average import price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses amounted to $12,753 per ton, growing by 9.9% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +1.0%. The most prominent rate of growth was recorded in February 2023 an increase of 12% month-to-month. Over the period under review, average import prices reached the peak figure at $13,776 per ton in August 2023; however, from September 2023 to November 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($78,848 per ton), while the price for China ($9,560 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the United States (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Japan
In 2022, the amount of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses exported from Japan declined to 50K tons, which is down by -7.6% on the previous year. The total export volume increased at an average annual rate of +4.0% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 28%. As a result, the exports reached the peak of 54K tons, and then shrank in the following year.
In value terms, exports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses fell to $596M in 2022. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +14.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +48.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 61% against the previous year. As a result, the exports attained the peak of $648M, and then fell in the following year.
| Export of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 98.3 | 138 | 194 | 191 | 24.8% |
| Thailand | 80.4 | 75.4 | 135 | 124 | 15.5% |
| Taiwan (Chinese) | 57.5 | 44.5 | 86.9 | 83.5 | 13.2% |
| Singapore | 42.9 | 35.7 | 60.4 | 63.9 | 14.2% |
| Vietnam | 17.3 | 22.7 | 33.1 | 35.2 | 26.7% |
| Philippines | 19.2 | 21.4 | 32.8 | 20.1 | 1.5% |
| Hong Kong SAR | 39.2 | 29.3 | 45.3 | 17.7 | -23.3% |
| Others | 47.8 | 35.2 | 59.6 | 60.9 | 8.4% |
| Total | 403 | 402 | 648 | 596 | 13.9% |
Top Export Markets for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils from Japan in 2022:
- China (13.9K tons)
- Thailand (11.4K tons)
- Taiwan (Chinese) (8.1K tons)
- Singapore (6.1K tons)
- Vietnam (2.5K tons)
- Philippines (1.9K tons)
- Hong Kong SAR (1.4K tons)
Imports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Japan
For the fourth consecutive year, Japan recorded growth in overseas purchases of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses, which increased by 16% to 11K tons in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +19.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.9% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 24%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in years to come.
In value terms, imports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses skyrocketed to $133M in 2022. In general, imports recorded significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 57% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Import of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 31.9 | 43.1 | 68.7 | 71.3 | 30.7% |
| South Korea | 9.3 | 7.8 | 14.1 | 18.7 | 26.2% |
| United States | 6.3 | 12.5 | 13.8 | 16.0 | 36.4% |
| Thailand | 2.0 | 1.6 | 2.5 | 9.0 | 65.1% |
| Taiwan (Chinese) | 2.0 | 3.2 | 7.3 | 7.7 | 56.7% |
| Germany | 4.1 | 2.7 | 2.8 | 3.6 | -4.2% |
| Singapore | 0.4 | 0.3 | 2.3 | 3.5 | 106.1% |
| Finland | N/A | N/A | 0.5 | 3.0 | 500.0% |
| Others | 0.2 | 0.2 | 0.1 | 0.5 | 35.7% |
| Total | 56.1 | 71.4 | 112 | 133 | 33.3% |
Top Suppliers of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils to Japan in 2022:
- China (6.6K tons)
- South Korea (1.7K tons)
- Thailand (0.9K tons)
- Taiwan (Chinese) (0.7K tons)
- Singapore (0.3K tons)
- Finland (0.3K tons)
- United States (0.3K tons)
- Germany (0.3K tons)
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This report provides an in-depth analysis of the market for copper bars, wire and plates in Japan.
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This report provides an in-depth analysis of the global market for copper bars, wire and plates.
