Price for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Thailand - 2022

Contents:

1. Price for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Thailand (CIF) - 2022
2. Price for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Thailand (FOB) - 2022
3. Imports of Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Thailand
4. Exports of Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Thailand

Price for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Thailand (CIF) - 2022

The average import price for copper; cast, moulded, stamped or forged, but not further worked stood at $13,674 per ton in 2022, approximately mirroring the previous year. In general, the import price, however, recorded a pronounced decrease. The most prominent rate of growth was recorded in 2021 an increase of 71% against the previous year. Over the period under review, average import prices reached the maximum at $17,553 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to +3.1% per year.

Price for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Thailand (FOB) - 2022

The average export price for copper; cast, moulded, stamped or forged, but not further worked stood at $23,900 per ton in December 2021, with an increase of 13% against the previous month. Overall, export price indicated a notable expansion from January 2021 to December 2021: its price increased at an average monthly rate of +2.6% over the last eleven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2021 figures, export price for copper; cast, moulded, stamped or forged, but not further worked increased by +13.3% against November 2021 indices. The pace of growth was the most pronounced in September 2021 an increase of 87% m-o-m. The export price peaked in December 2021.

There were significant differences in the average prices for the major external markets. In December 2021, the country with the highest price was Indonesia ($26,996 per ton), while the average price for exports to Japan ($10,008 per ton) was amongst the lowest.

From January 2021 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+18.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Thailand

In 2022, purchases abroad of copper; cast, moulded, stamped or forged, but not further worked decreased by -96% to 2.9 tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a precipitous contraction. The pace of growth was the most pronounced in 2020 when imports increased by 1,104%. As a result, imports reached the peak of 116 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of copper; cast, moulded, stamped or forged, but not further worked fell notably to $39K in 2022. Over the period under review, imports recorded a significant decline. The most prominent rate of growth was recorded in 2020 when imports increased by 697% against the previous year.

Top Suppliers of Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked to Thailand in 2022:

1. China (2.9 tons)

Exports of Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Thailand

Exports of copper; cast, moulded, stamped or forged, but not further worked from Thailand reduced notably to 153 tons in 2022, shrinking by -19.7% on the previous year. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 74%. As a result, the exports attained the peak of 191 tons, and then reduced dramatically in the following year.

In value terms, exports of copper; cast, moulded, stamped or forged, but not further worked fell markedly to $2.6M in 2022. Over the period under review, exports, however, saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 191% against the previous year. As a result, the exports reached the peak of $3.8M, and then contracted dramatically in the following year.

Top Export Markets for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked from Thailand in 2022:

1. United States (95.0 tons)
2. Japan (12.5 tons)
3. Lao People's Democratic Republic (10.0 tons)
4. Philippines (9.6 tons)
5. Vietnam (8.3 tons)
6. Germany (6.6 tons)
7. Hong Kong SAR (3.2 tons)
8. Myanmar (1.7 tons)

Source: IndexBox Market Intelligence Platform