Price for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in India - 2022

Contents:

1. Price for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in India (FOB) - 2022
2. Price for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in India (CIF) - 2022
3. Exports of Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in India
4. Imports of Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in India

Price for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in India (FOB) - 2022

The average export price for copper; cast, moulded, stamped or forged, but not further worked stood at $16,572 per ton in 2022, shrinking by -8.4% against the previous year. Overall, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +4.0% 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; cast, moulded, stamped or forged, but not further worked increased by +25.5% against 2020 indices. The pace of growth was the most pronounced in 2018 when the average export price increased by 43%. The export price peaked at $18,100 per ton in 2021, and then fell in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($29,695 per ton), while the average price for exports to Nepal ($7,256 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 Germany (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in India (CIF) - 2022

The average import price for copper; cast, moulded, stamped or forged, but not further worked stood at $24,711 per ton in 2022, with a decrease of -3.2% against the previous year. In general, the import price, however, saw a temperate increase. The pace of growth appeared the most rapid in 2016 an increase of 53%. Over the period under review, average import prices attained the maximum at $32,950 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Finland ($40,816 per ton), while the price for South Korea ($6,521 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in India

Exports of copper; cast, moulded, stamped or forged, but not further worked from India skyrocketed to 186 tons in 2022, with an increase of 145% compared with 2021 figures. In general, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of copper; cast, moulded, stamped or forged, but not further worked soared to $3.1M in 2022. Over the period under review, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked from India in 2022:

1. United States (52.7 tons)
2. Russia (24.5 tons)
3. United Arab Emirates (24.1 tons)
4. Australia (20.8 tons)
5. Canada (10.2 tons)
6. Saudi Arabia (8.3 tons)
7. Japan (8.0 tons)
8. United Kingdom (7.6 tons)
9. Nepal (7.5 tons)
10. Spain (6.5 tons)
11. Italy (4.1 tons)
12. France (3.8 tons)

Imports of Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in India

In 2022, after three years of growth, there was significant decline in overseas purchases of copper; cast, moulded, stamped or forged, but not further worked, when their volume decreased by -90.3% to 26 tons. In general, imports recorded a sharp downturn. The pace of growth was the most pronounced in 2021 with an increase of 157%. As a result, imports attained the peak of 270 tons, and then fell markedly in the following year.

In value terms, imports of copper; cast, moulded, stamped or forged, but not further worked dropped significantly to $649K in 2022. Over the period under review, imports recorded a dramatic descent. The most prominent rate of growth was recorded in 2021 when imports increased by 99%. As a result, imports attained the peak of $6.9M, and then fell remarkably in the following year.

Top Suppliers of Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked to India in 2022:

1. France (12.5 tons)
2. United States (4.2 tons)
3. Germany (3.9 tons)
4. Italy (2.1 tons)
5. South Korea (1.7 tons)
6. Turkey (0.6 tons)
7. Finland (0.6 tons)

Source: IndexBox Market Intelligence Platform