Price for Copper; Refined, Unwrought, Wire-Bars in India - 2023

Contents:

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

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

In 2022, the average copper; refined, unwrought, wire-bars export price amounted to $7,848 per ton, surging by 63% against the previous year. Over the period under review, the export price, however, saw a noticeable shrinkage. The export price peaked at $9,643 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($9,361 per ton), while the average price for exports to Saudi Arabia amounted to $7,263 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (-1.8%), while the prices for the other major destinations experienced a decline.

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

In 2022, the average copper; refined, unwrought, wire-bars import price amounted to $264,000 per ton, jumping by 6,273% against the previous year. In general, the import price continues to indicate a significant increase. 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 France.

From 2012 to 2022, the rate of growth in terms of prices for France amounted to +72.3% per year.

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

In 2022, shipments abroad of copper; refined, unwrought, wire-barses decreased by -99.8% to 400 kg, falling for the second year in a row after two years of growth. Overall, exports faced a dramatic slump. The most prominent rate of growth was recorded in 2020 when exports increased by 382% against the previous year. As a result, the exports attained the peak of 258 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, copper; refined, unwrought, wire-bars exports declined remarkably to $3.1K in 2022. In general, exports showed a dramatic curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 392%. As a result, the exports reached the peak of $1.7M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Export of Copper; Refined, Unwrought, Wire-Bars in India (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Saudi Arabia0.815.315.62.342.2%
United Arab Emirates0.10.80.40.791.3%
China2.3105117N/A613.2%
Qatar3331,521794N/A54.4%
Others5.240.247.50.1-73.2%
Total3421,6829743.1-79.1%

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

  1. Saudi Arabia (323.0 kg)
  2. United Arab Emirates (72.0 kg)

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

In 2022, approx. 2 kg of copper; refined, unwrought, wire-barses were imported into India; with a decrease of 99.9% against 2021 figures. Over the period under review, imports recorded a precipitous contraction. The pace of growth appeared the most rapid in 2021 with an increase of 940% against the previous year. As a result, imports attained the peak of 267 tons, and then dropped rapidly in the following year.

In value terms, copper; refined, unwrought, wire-bars imports contracted rapidly to $528 in 2022. Overall, imports saw a dramatic downturn. The growth pace was the most rapid in 2021 with an increase of 654%. As a result, imports attained the peak of $1.1M, and then fell significantly in the following year.

Import of Copper; Refined, Unwrought, Wire-Bars in India (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
FranceN/AN/AN/A0.50%
Nigeria691107761N/A4.9%
Thailand32.2N/AN/AN/A0%
Nepal16729.9247N/A21.6%
KuwaitN/AN/A13.1N/A0%
Singapore38.52.227.4N/A-15.6%
Others99.77.556.5N/A-24.7%
Total1,0281471,1050.5-92.1%

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

  1. France (2.0 kg)

Source: IndexBox Market Intelligence Platform

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Free Data: Copper; refined, unwrought, wire-bars - India