Price for Copper; Refined, Unwrought, Wire-Bars in Bahrain - 2022

Contents:

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

Price for Copper; Refined, Unwrought, Wire-Bars in Bahrain (CIF) - 2022

The average copper; refined, unwrought, wire-bars import price stood at $7,988 per ton in 2022, growing by 25% against the previous year. In general, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +4.3% 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, wire-bars import price increased by +86.4% against 2016 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 35%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Saudi Arabia ($14,160 per ton), while the price for Taiwan (Chinese) amounted to $1,267 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+21.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper; Refined, Unwrought, Wire-Bars in Bahrain (FOB) - 2022

The average copper; refined, unwrought, wire-bars export price stood at $8,571 per ton in 2022, surging by 133% against the previous year. In general, the export price recorded a prominent expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Switzerland.

From 2012 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to -3.5% per year.

Imports of Copper; Refined, Unwrought, Wire-Bars in Bahrain

In 2022, overseas purchases of copper; refined, unwrought, wire-barses decreased by -70.2% to 14 tons, falling for the second year in a row after two years of growth. In general, imports, however, continue to indicate significant growth. The growth pace was the most rapid in 2020 with an increase of 13,367%. As a result, imports attained the peak of 121 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, copper; refined, unwrought, wire-bars imports shrank sharply to $113K in 2022. Over the period under review, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 14,369% against the previous year. As a result, imports attained the peak of $574K. From 2021 to 2022, the growth of imports remained at a lower figure.

Top Suppliers of Copper; Refined, Unwrought, Wire-Bars to Bahrain in 2022:

1. Saudi Arabia (7.4 tons)
2. Taiwan (Chinese) (6.8 tons)

Exports of Copper; Refined, Unwrought, Wire-Bars in Bahrain

For the third consecutive year, Bahrain recorded decline in shipments abroad of copper; refined, unwrought, wire-barses, which decreased by -85.6% to 21 kg in 2022. In general, exports showed a dramatic decline. The smallest decline of -33.8% was in 2020.

In value terms, copper; refined, unwrought, wire-bars exports shrank notably to $180 in 2022. Over the period under review, exports showed a significant curtailment. The smallest decline of -45.4% was in 2020.

Top Export Markets for Copper; Refined, Unwrought, Wire-Bars from Bahrain in 2022:

1. Switzerland (21.0 kg)

Source: IndexBox Market Intelligence Platform