Price for Copper; Refined, Unwrought, Billets in Angola - 2021

Contents:

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

Price for Copper; Refined, Unwrought, Billets in Angola (FOB) - 2022

In 2021, the average copper; refined, unwrought, billets export price amounted to $8,999 per ton, picking up by 50% against the previous year. Overall, export price indicated a significant expansion from 2020 to 2021: its price increased at an average annual rate of +50.4% over the last one years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was China ($176,927 per ton), while the average price for exports to Congo ($6,733 per ton) was amongst the lowest.

From 2020 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+2,856.2%).

Price for Copper; Refined, Unwrought, Billets in Angola (CIF) - 2022

The average copper; refined, unwrought, billets import price stood at $6,491 per ton in 2022, increasing by 14% against the previous year. Overall, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper; refined, unwrought, billets import price increased by +66.6% against 2015 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Portugal.

From 2012 to 2022, the rate of growth in terms of prices for Portugal amounted to +5.2% per year.

Exports of Copper; Refined, Unwrought, Billets in Angola

Copper; refined, unwrought, billets exports from Angola fell markedly to 79 tons in 2021, waning by -21% on 2020. In general, exports recorded a precipitous shrinkage.

In value terms, copper; refined, unwrought, billets exports surged to $709K in 2021. The total export value increased at an average annual rate of +18.7% from 2020 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Copper; Refined, Unwrought, Billets from Angola in 2022:

1. Democratic Republic of the Congo (38.9 tons)
2. Congo (38.9 tons)
3. China (1.0 tons)

Imports of Copper; Refined, Unwrought, Billets in Angola

After three years of growth, purchases abroad of copper; refined, unwrought, billetses decreased by -33.5% to 224 kg in 2022. Over the period under review, imports, however, continue to indicate a strong increase. The growth pace was the most rapid in 2021 with an increase of 101% against the previous year. As a result, imports attained the peak of 337 kg, and then declined notably in the following year.

In value terms, copper; refined, unwrought, billets imports fell dramatically to $1.5K in 2022. In general, imports, however, showed significant growth. The growth pace was the most rapid in 2021 when imports increased by 95% against the previous year. As a result, imports attained the peak of $1.9K, and then declined rapidly in the following year.

Top Suppliers of Copper; Refined, Unwrought, Billets to Angola in 2022:

1. Portugal (224.0 kg)

Source: IndexBox Market Intelligence Platform