Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Vietnam - 2022

Contents:

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

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

In December 2022, the average import price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses amounted to $10,732 per ton, remaining relatively unchanged against the previous month. Over the period under review, the import price, however, showed a slight curtailment. The pace of growth appeared the most rapid in October 2022 when the average import price increased by 6.2% m-o-m. Over the period under review, average import prices hit record highs at $12,817 per ton in December 2021; however, from January 2022 to December 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In December 2022, the highest price was recorded for prices from Germany ($11,961 per ton) and Taiwan (Chinese) ($11,688 per ton), while the price for South Korea ($9,047 per ton) and China ($9,388 per ton) were amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-0.5%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses amounted to $11,051 per ton, rising by 30% against the previous year. In general, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses increased by +34.8% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of 31% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($16,128 per ton), while the average price for exports to Malaysia ($2,865 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 Turkey (+15.2%), while the prices for the other major destinations experienced a decline.

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

In 2022, purchases abroad of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses decreased by -7.5% to 6.7K tons, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 13%. As a result, imports attained the peak of 8.2K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses contracted to $76M in 2022. The total import value increased at an average annual rate of +6.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 13%. As a result, imports attained the peak of $78M, and then declined slightly in the following year.

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

1. Japan (2791.8 tons)
2. China (1780.7 tons)
3. South Korea (980.9 tons)
4. Bulgaria (568.4 tons)
5. Taiwan (Chinese) (209.1 tons)
6. Germany (168.1 tons)
7. Turkey (103.1 tons)

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

For the third year in a row, Vietnam recorded decline in overseas shipments of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses, which decreased by -42.3% to 30 tons in 2022. In general, exports continue to indicate a significant curtailment. The smallest decline of -29.7% was in 2021.

In value terms, exports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses fell significantly to $329K in 2022. Overall, exports saw a dramatic descent. The smallest decline of -20% was in 2021.

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

1. Taiwan (Chinese) (10.5 tons)
2. Turkey (8.2 tons)
3. South Korea (5.4 tons)
4. Japan (1.8 tons)
5. Mexico (1.7 tons)
6. Malaysia (1.0 tons)
7. China (0.5 tons)

Source: IndexBox Market Intelligence Platform