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

Contents:

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

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

The average export price for copper; refined and copper alloys, unwroughts stood at $9,204 per ton in 2022, surging by 18% against the previous year. Over the period under review, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for copper; refined and copper alloys, unwroughts increased by +43.6% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 29% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in years to come.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($9,356 per ton), while the average price for exports to the United Arab Emirates ($7,594 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 (+3.7%), while the prices for the other major destinations experienced mixed trend patterns.

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

The average import price for copper; refined and copper alloys, unwroughts stood at $25,877 per ton in 2022, picking up by 223% against the previous year. In general, the import price continues to indicate a strong increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($34,860 per ton), while the price for Indonesia ($1,560 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+46.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

For the third consecutive year, Iran recorded decline in overseas shipments of copper; refined and copper alloys, unwroughts, which decreased by -0.2% to 113K tons in 2022. Over the period under review, exports continue to indicate a perceptible slump. The smallest decline of -0.2% was in 2021.

In value terms, exports of copper; refined and copper alloys, unwroughts skyrocketed to $1B in 2022. The total export value increased at an average annual rate of +8.1% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 21% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

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

1. China (84.4K tons)
2. Turkey (28.4K tons)

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

Imports of copper; refined and copper alloys, unwroughts into Iran contracted remarkably to 9.2 tons in 2022, which is down by -91% against the year before. Overall, imports continue to indicate a dramatic curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 1,084% against the previous year. As a result, imports reached the peak of 102 tons, and then reduced sharply in the following year.

In value terms, imports of copper; refined and copper alloys, unwroughts dropped remarkably to $238K in 2022. Over the period under review, imports recorded a deep downturn. The growth pace was the most rapid in 2021 when imports increased by 421% against the previous year. As a result, imports reached the peak of $816K, and then reduced rapidly in the following year.

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

1. Italy (5.0 tons)
2. Turkey (4.0 tons)
3. Indonesia (0.2 tons)

Source: IndexBox Market Intelligence Platform