Price for Copper Plates, Sheets and Strip in Pakistan - 2023

Contents:

1. Price for Copper Plates, Sheets and Strip in Pakistan (CIF) - 2023
2. Price for Copper Plates, Sheets and Strip in Pakistan (FOB) - 2022
3. Imports of Copper Plates, Sheets and Strip in Pakistan
4. Exports of Copper Plates, Sheets and Strip in Pakistan

Price for Copper Plates, Sheets and Strip in Pakistan (CIF) - 2023

In February 2023, the average import price for copper plates, sheets and strips amounted to $7,956 per ton, picking up by 6.6% against the previous month. Over the period under review, the import price, however, recorded a perceptible reduction. The most prominent rate of growth was recorded in December 2022 an increase of 56% m-o-m. As a result, import price attained the peak level of $11,359 per ton. From January 2023 to February 2023, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the United Arab Emirates ($10,079 per ton), while the price for Taiwan (Chinese) ($5,136 per ton) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper Plates, Sheets and Strip in Pakistan (FOB) - 2022

The average export price for copper plates, sheets and strips stood at $4,438 per ton in 2022, flattening at the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The pace of growth was the most pronounced in 2013 an increase of 39% against the previous year. The export price peaked at $6,161 per ton in 2015; however, from 2016 to 2022, the 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 Malaysia ($7,072 per ton), while the average price for exports to Bahrain ($706 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 United States (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Plates, Sheets and Strip in Pakistan

In 2022, copper plates, sheets and strip imports into Pakistan fell notably to 483 tons, waning by -16.7% against the previous year's figure. The total import volume increased at an average annual rate of +2.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 50% against the previous year. As a result, imports reached the peak of 580 tons, and then shrank markedly in the following year.

In value terms, copper plates, sheets and strip imports shrank dramatically to $4M in 2022. Over the period under review, imports, however, saw buoyant growth. The growth pace was the most rapid in 2021 when imports increased by 91% against the previous year. As a result, imports reached the peak of $5.2M, and then contracted remarkably in the following year.

Top Suppliers of Copper Plates, Sheets and Strip to Pakistan in 2022:

1. China (324.8 tons)
2. Taiwan (Chinese) (58.4 tons)
3. Turkey (52.2 tons)
4. India (17.9 tons)
5. Egypt (7.9 tons)
6. Netherlands (5.1 tons)

Exports of Copper Plates, Sheets and Strip in Pakistan

In 2022, overseas shipments of copper plates, sheets and strips decreased by -49.7% to 50 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 13,187%. As a result, the exports reached the peak of 100 tons, and then shrank sharply in the following year.

In value terms, copper plates, sheets and strip exports dropped notably to $224K in 2022. Overall, exports, however, showed significant growth. The growth pace was the most rapid in 2021 when exports increased by 10,509%. As a result, the exports reached the peak of $444K, and then fell remarkably in the following year.

Top Export Markets for Copper Plates, Sheets and Strip from Pakistan in 2022:

1. France (20.7 tons)
2. Malaysia (13.9 tons)
3. United States (9.1 tons)
4. Taiwan (Chinese) (2.2 tons)
5. Kuwait (1.9 tons)
6. Bahrain (1.6 tons)

Source: IndexBox Market Intelligence Platform