Price for Copper Plates, Sheets and Strip in Morocco - 2022
Contents:
- Price for Copper Plates, Sheets and Strip in Morocco (CIF) - 2022
- Price for Copper Plates, Sheets and Strip in Morocco (FOB) - 2022
- Imports of Copper Plates, Sheets and Strip in Morocco
- Exports of Copper Plates, Sheets and Strip in Morocco
Price for Copper Plates, Sheets and Strip in Morocco (CIF) - 2022
In December 2022, the average import price for copper plates, sheets and strips amounted to $9,767 per ton, shrinking by -5.5% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 an increase of 16% m-o-m. Over the period under review, average import prices hit record highs at $10,394 per ton in April 2022; however, from May 2022 to December 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the countries with the highest prices were Spain ($10,123 per ton) and Turkey ($10,079 per ton), while the price for the Netherlands ($8,452 per ton) and Italy ($9,771 per ton) were amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Copper Plates, Sheets and Strip in Morocco (FOB) - 2022
In 2022, the average export price for copper plates, sheets and strips amounted to $1,311 per ton, dropping by -89.9% against the previous year. Overall, the export price saw a dramatic setback. The growth pace was the most rapid in 2015 an increase of 115% against the previous year. As a result, the export price attained the peak level of $21,680 per ton. From 2016 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 Togo ($26,306 per ton), while the average price for exports to Italy ($414 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 Togo (+11.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Copper Plates, Sheets and Strip in Morocco
In 2022, approx. 1.8K tons of copper plates, sheets and strips were imported into Morocco; jumping by 25% on the previous year's figure. In general, imports, however, recorded a pronounced setback.
In value terms, copper plates, sheets and strip imports skyrocketed to $17M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +9.7% 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 +92.3% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Copper Plates, Sheets and Strip in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 2.8 | 1.9 | 2.1 | 7.6 | 39.5% |
| Spain | 1.7 | 1.0 | 2.0 | 2.9 | 19.5% |
| Turkey | 0.9 | 1.4 | 2.7 | 2.5 | 40.6% |
| Finland | 0.8 | 0.6 | 1.0 | 1.7 | 28.6% |
| Netherlands | 0.8 | 0.9 | 0.8 | 0.7 | -4.4% |
| France | 0.7 | 0.7 | 1.1 | 0.7 | 0.0% |
| Germany | 1.2 | 0.7 | 0.6 | 0.5 | -25.3% |
| Bulgaria | 4.2 | 1.7 | 2.0 | 0.5 | -50.8% |
| Others | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Total | 13.1 | 9.0 | 12.4 | 17.3 | 9.7% |
Top Suppliers of Copper Plates, Sheets and Strip to Morocco in 2022:
- Italy (792.2 tons)
- Spain (274.5 tons)
- Turkey (261.3 tons)
- Finland (165.1 tons)
- Netherlands (130.2 tons)
- Bulgaria (55.1 tons)
- France (54.6 tons)
- Germany (40.2 tons)
Exports of Copper Plates, Sheets and Strip in Morocco
In 2022, overseas shipments of copper plates, sheets and strips increased by 14,253% to 54 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, copper plates, sheets and strip exports surged to $71K in 2022. In general, exports saw a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Copper Plates, Sheets and Strip in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Togo | N/A | N/A | N/A | 34.7 | 0% |
| Italy | N/A | N/A | N/A | 21.4 | 0% |
| Spain | 34.6 | 57.1 | 0.4 | 14.0 | -26.0% |
| Germany | 34.1 | N/A | N/A | N/A | 0% |
| Others | 0.8 | 3.5 | 4.5 | 0.6 | -9.1% |
| Total | 69.4 | 60.6 | 4.9 | 70.7 | 0.6% |
Top Export Markets for Copper Plates, Sheets and Strip from Morocco in 2022:
- Italy (51.7 tons)
- Togo (1.3 tons)
- Spain (0.9 tons)
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This report provides an in-depth analysis of the market for copper bars, wire and plates in Morocco.
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This report provides an in-depth analysis of the global market for copper bars, wire and plates.
