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

Contents:

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

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

In 2022, the average export price for copper; refined and copper alloys, unwroughts amounted to $6,273 per ton, increasing by 6.8% against the previous year. In general, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.5% 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 +74.7% against 2015 indices. The pace of growth was the most pronounced in 2017 when the average export price increased by 35%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($9,254 per ton), while the average price for exports to Belgium ($430 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 France (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for copper; refined and copper alloys, unwroughts amounted to $12,652 per ton, increasing by 92% against the previous year. In general, the import price continues to indicate strong growth. As a result, import price reached 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 the UK ($42,136 per ton), while the price for Turkey ($5,406 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+21.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, approx. 134 tons of copper; refined and copper alloys, unwroughts were exported from Libya; growing by 34% compared with 2021. Over the period under review, exports showed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 675% against the previous year. As a result, the exports reached the peak of 293 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of copper; refined and copper alloys, unwroughts soared to $841K in 2022. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 668%. As a result, the exports attained the peak of $1.5M. From 2021 to 2022, the growth of the exports of failed to regain momentum.

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

1. France (51.6 tons)
2. Turkey (36.8 tons)
3. Belgium (20.0 tons)
4. Malaysia (16.6 tons)
5. China (9.0 tons)

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

Imports of copper; refined and copper alloys, unwroughts into Libya skyrocketed to 13 tons in 2022, picking up by 211% against the previous year's figure. Overall, imports posted a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 913% against the previous year. As a result, imports reached the peak of 46 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of copper; refined and copper alloys, unwroughts soared to $160K in 2022. In general, imports continue to indicate a significant increase. The growth pace was the most rapid in 2020 when imports increased by 768% against the previous year. As a result, imports reached the peak of $178K. From 2021 to 2022, the growth of imports of remained at a lower figure.

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

1. Italy (8.7 tons)
2. Turkey (3.8 tons)

Source: IndexBox Market Intelligence Platform