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

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

In April 2023, the average copper; refined, unwrought, billets import price amounted to $9,328 per ton, dropping by -1.9% against the previous month. In general, the import price recorded a slight reduction. The most prominent rate of growth was recorded in March 2023 an increase of 7% against the previous month. Over the period under review, average import prices attained the peak figure at $10,610 per ton in April 2022; however, from May 2022 to April 2023, import prices failed to regain momentum.

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

From April 2022 to April 2023, the rate of growth in terms of prices for Japan amounted to -1.1% per month.

Price for Copper; Refined, Unwrought, Billets in Thailand (FOB) - 2022

In 2022, the average copper; refined, unwrought, billets export price amounted to $3,901 per ton, jumping by 61% against the previous year. Over the period under review, the export price, however, saw a deep setback. The most prominent rate of growth was recorded in 2019 an increase of 80% against the previous year. As a result, the export price attained the peak level of $10,642 per ton. From 2020 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($5,597 per ton), while the average price for exports to China stood at $1,779 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (-13.3%).

Imports of Copper; Refined, Unwrought, Billets in Thailand

In 2022, imports of copper; refined, unwrought, billetses into Thailand declined remarkably to 6.1K tons, reducing by -26.4% on the year before. In general, imports saw a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 24%. As a result, imports attained the peak of 8.3K tons, and then contracted significantly in the following year.

In value terms, copper; refined, unwrought, billets imports shrank to $68M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +13.8% 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 +55.4% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 80% against the previous year. As a result, imports reached the peak of $79M, and then reduced in the following year.

Import of Copper; Refined, Unwrought, Billets in Thailand (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	41.0	43.6	75.9	50.2	7.0%
Malaysia	4.2	N/A	N/A	14.4	50.8%
Germany	1.0	N/A	N/A	3.0	44.2%
Others	N/A	0.3	3.1	0.7	52.8%
Total	46.3	43.9	79.1	68.3	13.8%

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

Malaysia (3.2K tons)
Japan (2.6K tons)
Germany (0.2K tons)

Exports of Copper; Refined, Unwrought, Billets in Thailand

In 2022, exports of copper; refined, unwrought, billetses from Thailand soared to 250 tons, increasing by 19% on 2021 figures. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 4,472% against the previous year. As a result, the exports attained the peak of 416 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, copper; refined, unwrought, billets exports soared to $977K in 2022. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 1,392% against the previous year. As a result, the exports attained the peak of $1.4M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.