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

Contents:

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

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

In 2022, the average import price for copper; refined and copper alloys, unwroughts amounted to $9,111 per ton, approximately equating the previous year. In general, import price indicated a modest expansion 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, import price for copper; refined and copper alloys, unwroughts increased by +48.5% against 2019 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 46% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United Arab Emirates ($9,110 per ton) and Tanzania ($9,102 per ton), while the price for the Netherlands ($6,872 per ton) and India ($7,000 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for copper; refined and copper alloys, unwroughts amounted to $9,017 per ton, flattening at the previous year. Over the period under review, the export price saw a noticeable increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 92% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($9,090 per ton), while the average price for exports to the United Arab Emirates totaled $2,107 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (-0.6%), while the prices for the other major destinations experienced a decline.

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

In 2022, the amount of copper; refined and copper alloys, unwroughts imported into Oman expanded significantly to 12K tons, growing by 7.7% against the year before. In general, imports, however, continue to indicate a perceptible contraction.

In value terms, imports of copper; refined and copper alloys, unwroughts expanded significantly to $107M in 2022. The total import value increased at an average annual rate of +9.9% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 13% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in years to come.

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

1. United Arab Emirates (6.7K tons)
2. Tanzania (4.7K tons)
3. Russia (0.2K tons)

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

In 2022, overseas shipments of copper; refined and copper alloys, unwroughts decreased by -35.7% to 254 tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, recorded a significant increase. The growth pace was the most rapid in 2020 with an increase of 380% against the previous year. As a result, the exports reached the peak of 418 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of copper; refined and copper alloys, unwroughts dropped markedly to $2.3M in 2022. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 447%.

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

1. China (248.4 tons)

Source: IndexBox Market Intelligence Platform