Price for Copper Oxides and Hydroxides in Spain - 2023

Contents:

1. Price for Copper Oxides and Hydroxides in Spain (CIF) - 2022
2. Price for Copper Oxides and Hydroxides in Spain (FOB) - 2022
3. Imports of Copper Oxides and Hydroxides in Spain
4. Exports of Copper Oxides and Hydroxides in Spain

Price for Copper Oxides and Hydroxides in Spain (CIF) - 2022

In 2022, the average copper oxides and hydroxides import price amounted to $7,646 per ton, with a decrease of -2.1% against the previous year. Over the period under review, the import price continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 28%. The import price peaked at $8,482 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($10,814 per ton), while the price for Italy ($4,984 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper Oxides and Hydroxides in Spain (FOB) - 2022

In 2022, the average copper oxides and hydroxides export price amounted to $8,185 per ton, remaining stable against the previous year. Over the period under review, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper oxides and hydroxides export price decreased by +0.6% against 2018 indices. The pace of growth was the most pronounced in 2013 when the average export price increased by 87% against the previous year. As a result, the export price attained the peak level of $8,741 per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the UK ($11,394 per ton) and Germany ($9,910 per ton), while the average price for exports to Italy ($7,692 per ton) and France ($7,898 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 Germany (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Oxides and Hydroxides in Spain

In 2022, after three years of growth, there was significant decline in overseas purchases of copper oxides and hydroxideses, when their volume decreased by -18.9% to 979 tons. The total import volume increased at an average annual rate of +3.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 32% against the previous year. As a result, imports attained the peak of 1.2K tons, and then fell rapidly in the following year.

In value terms, copper oxides and hydroxides imports plummeted to $7.5M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +9.5% 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 +34.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 70%. As a result, imports attained the peak of $9.4M, and then dropped sharply in the following year.

Top Suppliers of Copper Oxides and Hydroxides to Spain in 2022:

1. United Kingdom (undefined tons)
2. Italy (309.6 tons)
3. Germany (204.2 tons)
4. Belgium (102.3 tons)
5. United States (99.5 tons)
6. Norway (73.0 tons)
7. Brazil (60.0 tons)
8. Singapore (48.0 tons)
9. India (20.0 tons)

Exports of Copper Oxides and Hydroxides in Spain

In 2022, approx. 882 tons of copper oxides and hydroxideses were exported from Spain; increasing by 31% compared with the previous year's figure. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 112% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, copper oxides and hydroxides exports soared to $7.2M in 2022. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 140%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Top Export Markets for Copper Oxides and Hydroxides from Spain in 2022:

1. Italy (535.2 tons)
2. France (115.7 tons)
3. Hungary (81.9 tons)
4. Turkey (42.4 tons)
5. United Kingdom (35.3 tons)
6. Portugal (33.5 tons)
7. Germany (25.1 tons)

Source: IndexBox Market Intelligence Platform