Copper; Master Alloys Price in South Africa - 2023

Contents:

1. Copper; Master Alloys Price in South Africa (CIF) - 2022
2. Copper; Master Alloys Price in South Africa (FOB) - 2022
3. Copper; Master Alloys Imports in South Africa
4. Copper; Master Alloys Exports in South Africa

Copper; Master Alloys Price in South Africa (CIF) - 2022

The average copper; master alloys import price stood at $10,806 per ton in 2022, jumping by 73% against the previous year. Over the period under review, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($10,805 per ton), while the price for South Korea stood at $8,811 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Copper; Master Alloys Price in South Africa (FOB) - 2022

In 2022, the average copper; master alloys export price amounted to $9,359 per ton, surging by 277% against the previous year. In general, the export price recorded a slight expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Botswana ($37,920 per ton), while the average price for exports to Lesotho ($1,593 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 the Philippines (+22.9%), while the prices for the other major destinations experienced more modest paces of growth.

Copper; Master Alloys Imports in South Africa

In 2022, approx. 76 tons of copper; master alloyses were imported into South Africa; waning by -52.1% on the previous year. Overall, imports recorded a perceptible descent. The pace of growth appeared the most rapid in 2021 with an increase of 130%. As a result, imports attained the peak of 158 tons, and then shrank significantly in the following year.

In value terms, copper; master alloys imports dropped sharply to $821K in 2022. In general, total imports indicated a temperate increase from 2019 to 2022: its value increased at an average annual rate of +4.7% 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 +62.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 96%. As a result, imports attained the peak of $991K, and then shrank notably in the following year.

Top Suppliers of Copper; Master Alloys to South Africa in 2022:

1. United States (67.7 tons)
2. South Korea (7.5 tons)

Copper; Master Alloys Exports in South Africa

In 2022, overseas shipments of copper; master alloyses decreased by -99.4% to 700 kg, falling for the second consecutive year after two years of growth. Overall, exports recorded a sharp decrease. The most prominent rate of growth was recorded in 2020 with an increase of 89% against the previous year. As a result, the exports attained the peak of 1.9K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, copper; master alloys exports declined markedly to $6.6K in 2022. Over the period under review, exports saw a sharp decrease. The growth pace was the most rapid in 2020 when exports increased by 110% against the previous year. As a result, the exports reached the peak of $4.2M. From 2021 to 2022, the growth of the exports failed to regain momentum.

Top Export Markets for Copper; Master Alloys from South Africa in 2022:

1. Lesotho (400.0 kg)
2. Zambia (266.0 kg)
3. Botswana (25.0 kg)

Source: IndexBox Market Intelligence Platform