Report Update: Jan 1, 2025

China - Refined Copper (Unwrought, Not Alloyed) - Market Analysis, Forecast, Size, Trends And Insights

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Refined copper Price in China - 2023

Price Forecast for Refined Copper in China till 2025

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Refined copper Price in China (CIF) - 2023

In February 2023, the average refined copper import price amounted to $9,061 per ton, rising by 5.2% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $10.2 per kg in April 2022; however, from May 2022 to February 2023, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In February 2023, the countries with the highest prices were Kazakhstan ($9,272 per ton) and Australia ($9,258 per ton), while the price for Iran ($8,773 per ton) and Poland ($8,860 per ton) were amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by Pakistan (-0.4%), while the prices for the other major suppliers experienced a decline.

Refined copper Price in China (FOB) - 2023

In February 2023, the average refined copper export price amounted to $9,061 per ton, surging by 3.7% against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in December 2022 an increase of 5.3% month-to-month. The export price peaked at $10.2 per kg in April 2022; however, from May 2022 to February 2023, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In February 2023, the countries with the highest prices were Singapore ($9,201 per ton) and Thailand ($9,195 per ton), while the average price for exports to Malaysia ($8,865 per ton) and Indonesia ($8,998 per ton) were amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (-0.6%), while the prices for the other major destinations experienced a decline.

China Refined copper Imports

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	Billion USD
Chile	6.7	7.8	7.0	CAGR, 2019-2021	2.2%
Congo	0.1	3.0	4.9	600.0%
Russia	1.6	2.7	3.8	54.1%
Kazakhstan	1.7	1.8	2.4	18.8%
South Korea	0.9	0.9	2.0	49.1%
Japan	1.1	2.0	1.8	27.9%
Australia	0.9	1.3	1.5	29.1%
Peru	1.0	1.3	1.4	18.3%
Philippines	0.5	0.8	1.0	41.4%
India	0.2	0.3	1.0	123.6%
Poland	0.7	0.6	0.9	13.4%
Bulgaria	0.6	0.7	0.8	15.5%
Pakistan	0.3	0.3	0.7	52.8%
Others	4.9	4.7	4.1	-8.5%
Total	21.3	28.3	33.3	25.0%

Top Suppliers of Refined copper (unwrought, not alloyed) to China 2022:

Chile (757.5K tons)
Congo (517.6K tons)
Russia (403.4K tons)
Kazakhstan (262.7K tons)
South Korea (212.6K tons)
Japan (198.6K tons)
Australia (160.9K tons)
Peru (145.3K tons)
Philippines (107.6K tons)
India (103.7K tons)
Poland (98.9K tons)
Bulgaria (79.3K tons)
Pakistan (76.0K tons)

In 2021, overseas purchases of refined copper (unwrought, not alloyed) decreased by -21% to 3.6M tons for the first time since 2018, thus ending a two-year rising trend. The total import volume increased at an average annual rate of +1.4% over the period from 2019 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 30% against the previous year. As a result, imports attained the peak of 4.5M tons, and then declined significantly in the following year.

In value terms, refined copper imports surged to $33.3B in 2021. Overall, total imports indicated significant growth from 2019 to 2021: its value increased at an average annual rate of +25.0% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +56.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 33%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

China Refined copper Exports

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	Million USD
South Korea	193	104	775	CAGR, 2019-2021	100.4%
Taiwan (Chinese)	637	566	566	-5.7%
Vietnam	392	288	407	1.9%
Thailand	313	101	380	10.2%
Indonesia	198	156	229	7.5%
Singapore	1.5	N/A	45.0	447.7%
Malaysia	124	49.0	35.5	-46.5%
Pakistan	57.6	18.6	N/A	-67.7%
Others	16.1	9.8	19.0	8.6%
Total	1,933	1,293	2,457	12.7%

Top Export Markets for Refined copper (unwrought, not alloyed) from China 2022:

South Korea (81.8K tons)
Taiwan (Chinese) (62.9K tons)
Vietnam (45.1K tons)
Thailand (40.6K tons)
Indonesia (24.8K tons)
Singapore (5.0K tons)
Malaysia (4.0K tons)

In 2021, approx. 266K tons of refined copper (unwrought, not alloyed) were exported from China; rising by 26% on the year before. Over the period under review, exports, however, saw a deep reduction. Over the period under review, the exports hit record highs at 316K tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, refined copper exports surged to $2.5B in 2021. Overall, exports recorded a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the refined copper market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24441330 - Unwrought unalloyed refined copper (excluding rolled, e xtruded or forged sintered products)

Country coverage:

China

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024