Price for Copper; Powders and Flakes in Sri Lanka - 2021

Price for Copper; Powders and Flakes in Sri Lanka (CIF) - 2022

The average copper; powders and flakes import price stood at $20,880 per ton in 2022, which is down by -6.7% against the previous year. In general, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper; powders and flakes import price increased by +60.9% against 2016 indices. The pace of growth appeared the most rapid in 2021 an increase of 38% against the previous year. As a result, import price attained the peak level of $22,378 per ton, and then contracted in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($21,348 per ton), while the price for India ($16,355 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper; Powders and Flakes in Sri Lanka (FOB) - 2022

In 2022, the average copper; powders and flakes export price amounted to $1,276 per ton, approximately mirroring the previous year. Overall, the export price faced a abrupt downturn. The pace of growth was the most pronounced in 2020 when the average export price decreased by 99.9%. The export price peaked at $2,230 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was India ($3,289 per ton), while the average price for exports to Japan totaled $928 per ton.

From 2019 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+12.1%).

Imports of Copper; Powders and Flakes in Sri Lanka

In 2022, the amount of copper; powders and flakeses imported into Sri Lanka skyrocketed to 3.2 tons, jumping by 58% compared with 2021 figures. Over the period under review, imports, however, continue to indicate a abrupt shrinkage.

In value terms, copper; powders and flakes imports skyrocketed to $67K in 2022. Overall, total imports indicated a perceptible expansion from 2019 to 2022: its value increased at an average annual rate of +2.5% 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 -19.8% against 2020 indices.

Import of Copper; Powders and Flakes in Sri Lanka (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	23.2	26.8	14.4	58.7	36.3%
Belgium	2.0	10.5	4.2	4.9	34.8%
India	2.8	3.2	1.6	3.3	5.6%
Thailand	1.0	1.0	0.7	N/A	-16.3%
China	1.4	0.4	1.0	N/A	-15.5%
United Kingdom	0.5	1.5	2.5	N/A	123.6%
Japan	4.5	5.0	3.4	N/A	-13.1%
Others	26.8	35.1	17.6	N/A	-19.0%
Total	62.1	83.4	45.3	66.8	2.5%

Top Suppliers of Copper; Powders and Flakes to Sri Lanka in 2022:

Germany (2749.0 kg)
Belgium (250.0 kg)
India (200.0 kg)

Exports of Copper; Powders and Flakes in Sri Lanka

After two years of decline, shipments abroad of copper; powders and flakeses decreased by 0% to 1.5 tons in 2022. Over the period under review, exports posted a significant increase. The smallest decline of 99.9% was in 2020. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, copper; powders and flakes exports amounted to $1.9K in 2022. Overall, exports showed a significant increase. The smallest decline of 99.9% was in 2020. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.