Price for Copper; Refined and Copper Alloys, Unwrought in Angola - 2022

Contents:

1. Price for Copper; Refined and Copper Alloys, Unwrought in Angola (FOB) - 2022
2. Price for Copper; Refined and Copper Alloys, Unwrought in Angola (CIF) - 2022
3. Exports of Copper; Refined and Copper Alloys, Unwrought in Angola
4. Imports of Copper; Refined and Copper Alloys, Unwrought in Angola

Price for Copper; Refined and Copper Alloys, Unwrought in Angola (FOB) - 2022

The average export price for copper; refined and copper alloys, unwroughts stood at $759 per ton in December 2022, therefore, remained relatively stable against the previous month. Over the period under review, the export price, however, continues to indicate a noticeable curtailment. The growth pace was the most rapid in August 2022 an increase of 22% against the previous month. Over the period under review, the average export prices reached the peak figure at $1,111 per ton in December 2021; however, from January 2022 to December 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In December 2022, the country with the highest price was China ($763 per ton), while the average price for exports to Namibia stood at $750 per ton.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Namibia (-2.5%).

Price for Copper; Refined and Copper Alloys, Unwrought in Angola (CIF) - 2022

In 2022, the average import price for copper; refined and copper alloys, unwroughts amounted to $6,132 per ton, declining by -1.8% against the previous year. Over the period under review, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for copper; refined and copper alloys, unwroughts decreased by -32.0% against 2013 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by 76%. As a result, import price attained the peak level of $9,014 per ton. From 2014 to 2022, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Democratic Republic of the Congo.

From 2012 to 2022, the rate of growth in terms of prices for Democratic Republic of the Congo amounted to +1.8% per year.

Exports of Copper; Refined and Copper Alloys, Unwrought in Angola

Exports of copper; refined and copper alloys, unwroughts from Angola surged to 4.3K tons in 2022, jumping by 63% compared with 2021 figures. Over the period under review, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 89%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of copper; refined and copper alloys, unwroughts skyrocketed to $30M in 2022. Overall, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Copper; Refined and Copper Alloys, Unwrought from Angola in 2022:

1. China (3.8K tons)
2. Netherlands (0.5K tons)

Imports of Copper; Refined and Copper Alloys, Unwrought in Angola

For the fourth year in a row, Angola recorded growth in purchases abroad of copper; refined and copper alloys, unwroughts, which increased by 3.6% to 163 tons in 2022. The total import volume increased at an average annual rate of +5.5% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 9.6% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, imports of copper; refined and copper alloys, unwroughts expanded slightly to $1M in 2022. The total import value increased at an average annual rate of +1.6% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Copper; Refined and Copper Alloys, Unwrought to Angola in 2022:

1. Democratic Republic of the Congo (162.9 tons)

Source: IndexBox Market Intelligence Platform