Price for Copper; Powders and Flakes in Turkey - 2023

Contents:

1. Price for Copper; Powders and Flakes in Turkey (CIF) - 2023
2. Price for Copper; Powders and Flakes in Turkey (FOB) - 2022
3. Imports of Copper; Powders and Flakes in Turkey
4. Exports of Copper; Powders and Flakes in Turkey

Price for Copper; Powders and Flakes in Turkey (CIF) - 2023

The average copper; powders and flakes import price stood at $11,086 per ton in July 2023, falling by -5.9% against the previous month. Over the period under review, the import price recorded a perceptible slump. The pace of growth appeared the most rapid in March 2023 when the average import price increased by 16% m-o-m. Over the period under review, average import prices hit record highs at $15,401 per ton in July 2022; however, from August 2022 to July 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($16,826 per ton), while the price for Israel ($8,202 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Germany (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average copper; powders and flakes export price stood at $8,123 per ton in 2022, which is down by -7.2% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 50%. As a result, the export price attained the peak level of $8,750 per ton, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bulgaria ($8,354 per ton), while the average price for exports to Malaysia ($556 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 China (+16.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper; Powders and Flakes in Turkey

In 2022, purchases abroad of copper; powders and flakeses decreased by -0.3% to 666 tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +19.6% 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 +70.9% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 48%. As a result, imports reached the peak of 668 tons, leveling off in the following year.

In value terms, copper; powders and flakes imports contracted modestly to $8.6M in 2022. In general, imports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 75% against the previous year. As a result, imports attained the peak of $8.7M, leveling off in the following year.

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

1. Italy (138.7 tons)
2. Israel (125.0 tons)
3. Germany (112.4 tons)
4. Serbia (60.1 tons)
5. Australia (60.0 tons)
6. United Kingdom (53.9 tons)
7. France (33.4 tons)
8. Tunisia (30.8 tons)
9. Belgium (11.1 tons)

Exports of Copper; Powders and Flakes in Turkey

In 2022, the amount of copper; powders and flakeses exported from Turkey skyrocketed to 1.4K tons, picking up by 52% on the previous year's figure. Overall, total exports indicated pronounced growth from 2019 to 2022: its volume 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, exports increased by +89.6% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, copper; powders and flakes exports soared to $12M in 2022. Over the period under review, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2021 when exports increased by 88%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Top Export Markets for Copper; Powders and Flakes from Turkey in 2022:

1. Bulgaria (1218.1 tons)
2. China (99.7 tons)
3. Malaysia (72.9 tons)
4. Spain (0.5 tons)

Source: IndexBox Market Intelligence Platform