Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Thailand - 2024
Contents:
- Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Thailand (CIF) - 2024
- Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Thailand (FOB) - 2022
- Imports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Thailand
- Exports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Thailand
Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Thailand (CIF) - 2024
In January 2024, the average import price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses amounted to $10,589 per ton, approximately mirroring the previous month. Overall, the import price, however, saw a slight contraction. The pace of growth appeared the most rapid in September 2023 an increase of 4.2% month-to-month. Over the period under review, average import prices reached the maximum at $12,079 per ton in May 2023; however, from June 2023 to January 2024, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In January 2024, the countries with the highest prices were Taiwan (Chinese) ($11,543 per ton) and Japan ($11,045 per ton), while the price for China ($8,429 per ton) and South Korea ($10,260 per ton) were amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+0.3%), 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 Thailand (FOB) - 2022
In 2022, the average export price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses amounted to $10,217 per ton, waning by -4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 33% against the previous year. As a result, the export price reached the peak level of $10,644 per ton, and then fell slightly in the following year.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were the Philippines ($12,129 per ton) and Indonesia ($11,660 per ton), while the average price for exports to South Korea ($9,394 per ton) and Japan ($9,955 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Thailand
In 2022, approx. 13K tons of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses were imported into Thailand; with a decrease of -6.6% against the previous year. The total import volume increased at an average annual rate of +4.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 41% against the previous year. As a result, imports reached the peak of 14K tons, and then shrank in the following year.
In value terms, imports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses shrank modestly to $150M in 2022. In general, imports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 87%. As a result, imports attained the peak of $152M, and then fell modestly in the following year.
| Import of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 64.9 | 59.2 | 112 | 111 | 19.6% |
| China | 9.3 | 9.4 | 24.0 | 29.6 | 47.1% |
| South Korea | 3.3 | 4.6 | 5.6 | 4.0 | 6.6% |
| Taiwan (Chinese) | 7.2 | 5.0 | 6.4 | 3.2 | -23.7% |
| Germany | 3.8 | 3.0 | 4.0 | 1.3 | -30.1% |
| Others | 0.5 | 0.2 | 0.5 | 0.6 | 6.3% |
| Total | 89.0 | 81.5 | 152 | 150 | 19.0% |
Top Suppliers of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils to Thailand in 2022:
- Japan (9.6K tons)
- China (2.6K tons)
- Taiwan (Chinese) (0.3K tons)
- South Korea (0.3K tons)
- Germany (0.1K tons)
Exports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Thailand
In 2022, approx. 4.5K tons of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses were exported from Thailand; increasing by 78% on the previous year's figure. Overall, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses soared to $46M in 2022. Over the period under review, exports showed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 127% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in years to come.
| Export of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | N/A | 1.0 | 4.2 | 17.3 | 315.9% |
| Japan | 1.9 | 1.1 | 2.2 | 8.5 | 64.8% |
| Malaysia | 2.1 | 2.8 | 5.4 | 5.5 | 37.8% |
| India | 2.0 | 1.6 | 3.7 | 4.1 | 27.0% |
| China | 0.7 | 0.8 | 4.4 | 2.3 | 48.7% |
| Indonesia | 1.5 | 1.2 | 2.4 | 2.0 | 10.1% |
| Philippines | 0.4 | 1.4 | 2.6 | 1.9 | 68.1% |
| Others | 2.7 | 1.9 | 1.7 | 4.0 | 14.0% |
| Total | 11.3 | 11.8 | 26.6 | 45.5 | 59.1% |
Top Export Markets for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils from Thailand in 2022:
- South Korea (1841.5 tons)
- Japan (852.6 tons)
- Malaysia (479.2 tons)
- India (385.4 tons)
- China (207.3 tons)
- Indonesia (173.6 tons)
- Philippines (153.4 tons)
416
This report provides an in-depth analysis of the market for copper bars, wire and plates in Thailand.
400
This report provides an in-depth analysis of the global market for copper bars, wire and plates.
