Price for Copper; Refined and Copper Alloys, Unwrought in South Africa - 2024
Contents:
- Price for Copper; Refined and Copper Alloys, Unwrought in South Africa (FOB) - 2024
- Price for Copper; Refined and Copper Alloys, Unwrought in South Africa (CIF) - 2022
- Exports of Copper; Refined and Copper Alloys, Unwrought in South Africa
- Imports of Copper; Refined and Copper Alloys, Unwrought in South Africa
Price for Copper; Refined and Copper Alloys, Unwrought in South Africa (FOB) - 2024
The average export price for copper; refined and copper alloys, unwroughts stood at $7,692 per ton in January 2024, shrinking by -4.4% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in March 2023 an increase of 10% m-o-m. As a result, the export price attained the peak level of $8,962 per ton. From April 2023 to January 2024, the the average export prices remained at a lower figure.
Average prices varied somewhat for the major foreign markets. In January 2024, the highest price was recorded for prices to Belgium ($10,168 per ton) and the Netherlands ($8,339 per ton), while the average price for exports to China ($7,567 per ton) and Thailand ($7,664 per ton) were amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+3.5%), while the prices for the other major destinations experienced a decline.
Price for Copper; Refined and Copper Alloys, Unwrought in South Africa (CIF) - 2022
The average import price for copper; refined and copper alloys, unwroughts stood at $9,448 per ton in 2022, flattening at the previous year. Overall, import price indicated a mild increase 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 +41.0% against 2018 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 51%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Democratic Republic of the Congo ($9,740 per ton), while the price for Zambia ($9,046 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Democratic Republic of the Congo (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Copper; Refined and Copper Alloys, Unwrought in South Africa
In 2022, exports of copper; refined and copper alloys, unwroughts from South Africa expanded slightly to 50K tons, with an increase of 3.1% compared with the previous year. Over the period under review, exports posted a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 60%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, exports of copper; refined and copper alloys, unwroughts amounted to $413M in 2022. Overall, exports posted significant growth. The growth pace was the most rapid in 2021 with an increase of 136%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Copper; Refined and Copper Alloys, Unwrought in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 91.3 | 122 | 271 | 325 | 52.7% |
| Italy | 7.6 | 29.1 | 66.7 | 39.9 | 73.8% |
| Netherlands | 1.7 | 2.9 | 2.0 | 14.1 | 102.4% |
| United Arab Emirates | 4.6 | 6.1 | 5.4 | 10.1 | 30.0% |
| Thailand | 11.6 | 4.7 | 20.1 | 9.4 | -6.8% |
| Spain | 10.4 | 0.7 | 10.6 | N/A | 1.0% |
| Others | 8.8 | 3.4 | 22.6 | 14.5 | 18.1% |
| Total | 136 | 169 | 398 | 413 | 44.8% |
Top Export Markets for Copper; Refined and Copper Alloys, Unwrought from South Africa in 2022:
- China (40.4K tons)
- Italy (4.1K tons)
- Netherlands (1.2K tons)
- United Arab Emirates (1.2K tons)
- Thailand (1.1K tons)
Imports of Copper; Refined and Copper Alloys, Unwrought in South Africa
In 2022, the amount of copper; refined and copper alloys, unwroughts imported into South Africa soared to 22K tons, rising by 35% compared with 2021. The total import volume increased at an average annual rate of +11.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of copper; refined and copper alloys, unwroughts skyrocketed to $206M in 2022. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 52%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Copper; Refined and Copper Alloys, Unwrought in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | 33.6 | 46.7 | 67.3 | 101 | 44.3% |
| Zambia | 60.0 | 50.3 | 80.7 | 99.8 | 18.5% |
| Others | 4.7 | 2.5 | 3.8 | 5.4 | 4.7% |
| Total | 98.3 | 99.5 | 152 | 206 | 28.0% |
Top Suppliers of Copper; Refined and Copper Alloys, Unwrought to South Africa in 2022:
- Zambia (11.0K tons)
- Democratic Republic of the Congo (10.4K tons)
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