Price for Copper; Refined, Unwrought, Billets in Turkey - 2023
Contents:
- Price for Copper; Refined, Unwrought, Billets in Turkey (FOB) - 2023
- Price for Copper; Refined, Unwrought, Billets in Turkey (CIF) - 2023
- Exports of Copper; Refined, Unwrought, Billets in Turkey
- Imports of Copper; Refined, Unwrought, Billets in Turkey
Price for Copper; Refined, Unwrought, Billets in Turkey (FOB) - 2023
The average copper; refined, unwrought, billets export price stood at $7,656 per ton in January 2023, rising by 6% against the previous month. Overall, the export price, however, showed a slight descent. The export price peaked at $10,073 per ton in April 2022; however, from May 2022 to January 2023, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for China.
From January 2022 to January 2023, the rate of growth in terms of prices for Singapore amounted to 0.0% per month.
Price for Copper; Refined, Unwrought, Billets in Turkey (CIF) - 2023
In January 2023, the average copper; refined, unwrought, billets import price amounted to $6,845 per ton, dropping by -18.6% against the previous month. Overall, the import price continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in March 2022 when the average import price increased by 8.7% against the previous month. Over the period under review, average import prices reached the peak figure at $10,340 per ton in April 2022; however, from May 2022 to January 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Algeria.
From January 2022 to January 2023, the rate of growth in terms of prices for Libya amounted to 0.0% per month.
Exports of Copper; Refined, Unwrought, Billets in Turkey
In 2022, copper; refined, unwrought, billets exports from Turkey soared to 3.8K tons, increasing by 28% against the year before. Over the period under review, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 446%. As a result, the exports attained the peak of 4.6K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, copper; refined, unwrought, billets exports skyrocketed to $35M in 2022. In general, exports posted a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 450%. The exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Copper; Refined, Unwrought, Billets in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.0 | 26.0 | 26.5 | 34.1 | 104.3% |
| Belgium | 0.5 | 0.4 | 0.7 | 0.9 | 21.6% |
| Others | 0.3 | N/A | N/A | N/A | 0% |
| Total | 4.8 | 26.3 | 27.2 | 35.0 | 93.9% |
Top Export Markets for Copper; Refined, Unwrought, Billets from Turkey in 2022:
- China (3.6K tons)
- Belgium (0.2K tons)
Imports of Copper; Refined, Unwrought, Billets in Turkey
In 2022, purchases abroad of copper; refined, unwrought, billetses decreased by -9.9% to 2.6K tons, falling for the second year in a row after two years of growth. In general, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 185% against the previous year. As a result, imports attained the peak of 3.2K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, copper; refined, unwrought, billets imports reached $26M in 2022. Over the period under review, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 173% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Copper; Refined, Unwrought, Billets in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | 1.7 | 0.9 | 11.4 | 14.2 | 102.9% |
| Azerbaijan | 0.3 | 0.3 | 6.9 | 8.5 | 204.9% |
| Austria | 2.6 | 2.8 | 2.2 | 3.1 | 6.0% |
| Japan | 1.4 | N/A | N/A | N/A | 0% |
| Turkmenistan | N/A | 15.0 | 4.9 | N/A | -67.3% |
| Iraq | 1.1 | N/A | 0.2 | N/A | -57.4% |
| Others | N/A | 0.5 | 0.2 | 0.1 | -55.3% |
| Total | 7.1 | 19.3 | 25.8 | 25.9 | 53.9% |
Top Suppliers of Copper; Refined, Unwrought, Billets to Turkey in 2022:
- Iran (1312.9 tons)
- Azerbaijan (881.0 tons)
- Austria (362.6 tons)
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