Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Norway - 2024

Contents:

1. Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Norway (CIF) - 2022
2. Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Norway (FOB) - 2022
3. Imports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Norway
4. Exports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Norway

Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Norway (CIF) - 2022

The average import price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses stood at $13,186 per ton in 2022, increasing by 23% against the previous year. Overall, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses increased by +65.4% against 2019 indices. The growth pace was the most rapid in 2017 an increase of 23% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Turkey ($14,879 per ton) and Sweden ($14,159 per ton), while the price for the UK ($10,780 per ton) and Germany ($11,234 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Norway (FOB) - 2022

In 2022, the average export price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses amounted to $8,031 per ton, therefore, remained relatively stable against the previous year. In general, the export price saw a perceptible decline. The most prominent rate of growth was recorded in 2015 when the average export price increased by 80% against the previous year. As a result, the export price attained the peak level of $22,966 per ton. From 2016 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($13,968 per ton), while the average price for exports to the UK ($600 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+14.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Norway

In 2022, approx. 106 tons of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses were imported into Norway; dropping by -52.8% compared with 2021. In general, imports faced a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by 104% against the previous year. As a result, imports attained the peak of 224 tons, and then contracted sharply in the following year.

In value terms, imports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses fell sharply to $1.4M in 2022. Overall, imports, however, recorded prominent growth. The pace of growth was the most pronounced in 2021 when imports increased by 140%. As a result, imports reached the peak of $2.4M, and then contracted significantly in the following year.

Top Suppliers of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils to Norway in 2022:

1. Finland (49.4 tons)
2. Denmark (25.3 tons)
3. Turkey (15.4 tons)
4. United Kingdom (5.1 tons)
5. China (5.0 tons)
6. Sweden (1.9 tons)
7. Germany (1.4 tons)

Exports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Norway

For the third year in a row, Norway recorded decline in shipments abroad of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses, which decreased by 0% to 4.2 tons in 2022. Overall, exports saw a precipitous contraction. The smallest decline of -63.9% was in 2020.

In value terms, exports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses amounted to $34K in 2022. Over the period under review, exports faced a dramatic descent. The smallest decline of -69.4% was in 2020.

Top Export Markets for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils from Norway in 2022:

1. Sweden (2.2 tons)
2. United Kingdom (1.5 tons)
3. Denmark (0.5 tons)

Source: IndexBox Market Intelligence Platform