Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Colombia - 2022

Contents:

1. Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Colombia (CIF) - 2022
2. Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Colombia (FOB) - 2022
3. Imports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Colombia
4. Exports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Colombia

Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Colombia (CIF) - 2022

In February 2022, the average import price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses amounted to $11,674 per ton, remaining relatively unchanged against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.9%. The growth pace was the most rapid in April 2021 when the average import price increased by 13% m-o-m. The import price peaked in February 2022.

Average prices varied noticeably amongst the major supplying countries. In February 2022, the highest price was recorded for prices from Peru ($11,975 per ton) and China ($11,768 per ton), while the price for Mexico ($11,435 per ton) and Brazil ($11,581 per ton) were amongst the lowest.

From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by China (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Colombia (FOB) - 2022

In 2022, the average export price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses amounted to $16,539 per ton, with an increase of 65% against the previous year. In general, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses increased by +127.3% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Venezuela ($21,527 per ton), while the average price for exports to Ecuador ($12,898 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+7.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Colombia

Imports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses into Colombia rose remarkably to 424 tons in 2022, growing by 14% on 2021 figures. The total import volume increased at an average annual rate of +2.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses soared to $4.8M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +16.7% 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 +85.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 50%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the near future.

Top Suppliers of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils to Colombia in 2022:

1. Mexico (295.9 tons)
2. Brazil (42.9 tons)
3. China (31.5 tons)
4. Peru (14.0 tons)
5. Venezuela (11.8 tons)
6. Germany (9.2 tons)
7. India (6.3 tons)
8. Chile (4.8 tons)
9. Spain (4.2 tons)

Exports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Colombia

For the fourth year in a row, Colombia recorded growth in overseas shipments of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses, which increased by 20% to 2.5 tons in 2022. Overall, exports saw a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 80%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, exports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses skyrocketed to $41K in 2022. In general, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils from Colombia in 2022:

1. Costa Rica (1126.0 kg)
2. Ecuador (964.0 kg)
3. Venezuela (182.0 kg)
4. Panama (126.0 kg)
5. Honduras (94.0 kg)

Source: IndexBox Market Intelligence Platform