Price for Copper; Refined and Copper Alloys, Unwrought in Iraq - 2022
Contents:
- Price for Copper; Refined and Copper Alloys, Unwrought in Iraq (FOB) - 2022
- Price for Copper; Refined and Copper Alloys, Unwrought in Iraq (CIF) - 2022
- Exports of Copper; Refined and Copper Alloys, Unwrought in Iraq
- Imports of Copper; Refined and Copper Alloys, Unwrought in Iraq
Price for Copper; Refined and Copper Alloys, Unwrought in Iraq (FOB) - 2022
The average export price for copper; refined and copper alloys, unwroughts stood at $4,221 per ton in 2022, shrinking by -38.5% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 45%. The export price peaked at $6,861 per ton in 2021, and then shrank markedly in the following year.
As there is only one major export destination, the average price level is determined by prices for Iran.
From 2012 to 2022, the rate of growth in terms of prices for Poland amounted to +15.8% per year.
Price for Copper; Refined and Copper Alloys, Unwrought in Iraq (CIF) - 2022
The average import price for copper; refined and copper alloys, unwroughts stood at $11,131 per ton in 2022, rising by 48% against the previous year. In general, the import price continues to indicate a tangible expansion. The most prominent rate of growth was recorded in 2019 an increase of 110%. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($10,883 per ton), while the price for Turkey stood at $10,603 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Copper; Refined and Copper Alloys, Unwrought in Iraq
For the fourth year in a row, Iraq recorded growth in shipments abroad of copper; refined and copper alloys, unwroughts, which increased by 140% to 933 tons in 2022. Over the period under review, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of copper; refined and copper alloys, unwroughts soared to $3.9M in 2022. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 48%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to continue growth in the near future.
| Export of Copper; Refined and Copper Alloys, Unwrought in Iraq (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | 1.2 | 1.8 | 2.7 | 3.9 | 48.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.2 | 1.8 | 2.7 | 3.9 | 48.1% |
Top Export Markets for Copper; Refined and Copper Alloys, Unwrought from Iraq in 2022:
- Iran (933.4 tons)
Imports of Copper; Refined and Copper Alloys, Unwrought in Iraq
In 2022, overseas purchases of copper; refined and copper alloys, unwroughts decreased by -6.8% to 97 tons, falling for the second consecutive year after two years of growth. Overall, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 1,011% against the previous year. As a result, imports reached the peak of 476 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of copper; refined and copper alloys, unwroughts soared to $1.1M in 2022. Over the period under review, imports, however, showed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 1,231% against the previous year. As a result, imports attained the peak of $3.1M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Copper; Refined and Copper Alloys, Unwrought in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 160 | 446 | 188 | 978 | 82.8% |
| Turkey | 56.2 | 25.1 | 66.3 | 56.1 | -0.1% |
| Saudi Arabia | N/A | 2,607 | 505 | N/A | -80.6% |
| Others | 16.5 | 21.8 | 25.5 | 45.7 | 40.4% |
| Total | 233 | 3,100 | 785 | 1,080 | 66.7% |
Top Suppliers of Copper; Refined and Copper Alloys, Unwrought to Iraq in 2022:
- United Arab Emirates (89.9 tons)
- Turkey (5.3 tons)
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