Price for Copper Plates, Sheets and Strip in South Africa - 2023

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

The average import price for copper plates, sheets and strips stood at $11,340 per ton in July 2023, declining by -29.9% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in June 2023 an increase of 414% against the previous month. As a result, import price reached the peak level of $16,180 per ton, and then declined remarkably in the following month.

Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was Greece ($11,370 per ton), while the price for Germany totaled $10,542 per ton.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Turkey (+51.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper Plates, Sheets and Strip in South Africa (FOB) - 2023

In July 2023, the average export price for copper plates, sheets and strips amounted to $5,885 per ton, with a decrease of -34.9% against the previous month. Over the period under review, the export price saw a perceptible decline. The pace of growth was the most pronounced in November 2022 when the average export price increased by 39% against the previous month. Over the period under review, the average export prices hit record highs at $13,446 per ton in January 2023; however, from February 2023 to July 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was Zambia ($11,403 per ton), while the average price for exports to Botswana ($1,349 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Namibia (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Plates, Sheets and Strip in South Africa

In 2022, overseas purchases of copper plates, sheets and strips decreased by less than 0.1% to 1.7K tons, falling for the second year in a row after two years of growth. In general, total imports indicated temperate growth from 2019 to 2022: its volume increased at an average annual rate of +4.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -27.3% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 57% against the previous year. As a result, imports reached the peak of 2.3K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, copper plates, sheets and strip imports rose remarkably to $20M in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +22.1% 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 +82.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 67% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.

Import of Copper Plates, Sheets and Strip in South Africa (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
South Korea	4.0	8.7	11.5	8.8	30.1%
Germany	4.3	4.1	5.2	5.7	9.9%
Turkey	N/A	3.7	0.4	1.5	-36.3%
China	0.1	0.1	0.1	1.4	141.0%
Italy	0.2	0.2	N/A	1.3	86.6%
Bulgaria	1.0	0.8	0.7	1.1	3.2%
Greece	0.7	0.4	N/A	0.2	-34.1%
Others	0.9	0.7	0.5	0.4	-23.7%
Total	11.2	18.7	18.5	20.4	22.1%

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

Germany (619.2 tons)
South Korea (565.2 tons)
Italy (128.6 tons)
Turkey (128.3 tons)
Bulgaria (100.2 tons)
China (87.5 tons)
Greece (19.5 tons)

Exports of Copper Plates, Sheets and Strip in South Africa

In 2022, the amount of copper plates, sheets and strips exported from South Africa surged to 1.2K tons, jumping by 88% on 2021. In general, exports enjoyed a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, copper plates, sheets and strip exports skyrocketed to $11M in 2022. Overall, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Copper Plates, Sheets and Strip in South Africa (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	0.9	2,193	3,403	4,822	1649.8%
India	N/A	N/A	621	2,232	259.4%
Germany	658	875	46.8	1,392	28.4%
Zimbabwe	88.6	339	540	1,314	145.7%
Zambia	365	294	352	217	-15.9%
Italy	N/A	N/A	N/A	200	0%
Botswana	129	249	117	115	-3.8%
Namibia	146	102	134	106	-10.1%
Swaziland	61.2	43.3	14.3	58.5	-1.5%
China	2,160	N/A	0.8	N/A	-98.1%
Others	532	977	895	230	-24.4%
Total	4,141	5,071	6,123	10,687	37.2%