Price for Copper; Refined, Unwrought, Billets in France - 2023

Price for Copper; Refined, Unwrought, Billets in France (CIF) - 2023

The average copper; refined, unwrought, billets import price stood at $9,165 per ton in July 2023, approximately mirroring the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 when the average import price increased by 9.4% against the previous month. Over the period under review, average import prices hit record highs at $9,828 per ton in April 2023; however, from May 2023 to July 2023, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In July 2023, the country with the highest price was Austria ($9,375 per ton), while the price for the Czech Republic ($6,463 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (+0.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper; Refined, Unwrought, Billets in France (FOB) - 2023

In July 2023, the average copper; refined, unwrought, billets export price amounted to $9,242 per ton, approximately equating the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +1.8%. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 23% month-to-month. The export price peaked at $9,997 per ton in April 2023; however, from May 2023 to July 2023, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Italy.

From July 2022 to July 2023, the rate of growth in terms of prices for Italy amounted to +1.8% per month.

Imports of Copper; Refined, Unwrought, Billets in France

In 2022, the amount of copper; refined, unwrought, billetses imported into France stood at 35K tons, increasing by 4.2% on 2021. Overall, imports, however, saw a noticeable slump.

In value terms, copper; refined, unwrought, billets imports totaled $326M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +11.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 52%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Import of Copper; Refined, Unwrought, Billets in France (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Austria	224	201	308	303	10.6%
Germany	9.8	9.7	10.2	17.6	21.6%
Others	4.3	2.1	4.6	5.4	7.9%
Total	238	212	323	326	11.1%

Top Suppliers of Copper; Refined, Unwrought, Billets to France in 2022:

Austria (32.6K tons)
Germany (2.1K tons)

Exports of Copper; Refined, Unwrought, Billets in France

In 2022, overseas shipments of copper; refined, unwrought, billetses were finally on the rise to reach 9.6K tons for the first time since 2019, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +1.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, copper; refined, unwrought, billets exports skyrocketed to $81M in 2022. In general, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +11.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +73.7% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 37% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.