Price for Copper; Refined, Unwrought, Billets in Egypt - 2023

Contents:

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

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

In 2022, the average copper; refined, unwrought, billets export price amounted to $7,402 per ton, falling by -11.7% against the previous year. Over the period under review, the export price, however, posted slight growth. The growth pace was the most rapid in 2018 an increase of 119%. The export price peaked at $8,379 per ton in 2021, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($7,718 per ton), while the average price for exports to the Netherlands ($995 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 China (-5.6%), while the prices for the other major destinations experienced a decline.

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

In 2022, the average copper; refined, unwrought, billets import price amounted to $10,111 per ton, surging by 6.5% against the previous year. In general, the import price, however, continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2021 an increase of 12%. The import price peaked at $14,285 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Spain amounted to -4.5% per year.

Exports of Copper; Refined, Unwrought, Billets in Egypt

In 2022, shipments abroad of copper; refined, unwrought, billetses decreased by -1.5% to 295 tons for the first time since 2018, thus ending a three-year rising trend. Overall, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +19.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +71.1% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 68%.

In value terms, copper; refined, unwrought, billets exports dropped to $2.2M in 2022. In general, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 68%.

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

1. China (281.5 tons)
2. Netherlands (12.2 tons)

Imports of Copper; Refined, Unwrought, Billets in Egypt

After three years of growth, purchases abroad of copper; refined, unwrought, billetses decreased by -80.3% to 45 kg in 2022. Overall, imports saw a significant contraction. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year. As a result, imports attained the peak of 229 kg, and then contracted remarkably in the following year.

In value terms, copper; refined, unwrought, billets imports declined rapidly to $455 in 2022. Over the period under review, imports faced a sharp reduction. The pace of growth appeared the most rapid in 2021 with an increase of 29%. As a result, imports attained the peak of $2.2K, and then declined markedly in the following year.

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

1. Turkey (214.0 kg)

Source: IndexBox Market Intelligence Platform