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

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

The average copper; refined, unwrought, wire-bars import price stood at $11,016 per ton in 2022, jumping by 22% against the previous year. In general, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +3.1% 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 +104.9% against 2016 indices. The growth pace was the most rapid in 2017 when the average import price increased by 23% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Saudi Arabia ($14,123 per ton), while the price for China ($9,875 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average copper; refined, unwrought, wire-bars export price stood at $9,902 per ton in 2022, with an increase of 17% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 25%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to +6.2% per year.

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

In 2022, approx. 20 tons of copper; refined, unwrought, wire-barses were imported into Jordan; jumping by 29% against the year before. Overall, imports, however, saw a sharp descent. The most prominent rate of growth was recorded in 2021 with an increase of 59% against the previous year.

In value terms, copper; refined, unwrought, wire-bars imports skyrocketed to $224K in 2022. In general, imports, however, continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 81% against the previous year.

Import of Copper; Refined, Unwrought, Wire-Bars in Jordan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Arab Emirates	130	33.1	6.6	185	12.5%
Saudi Arabia	100	20.6	2.3	30.7	-32.5%
China	42.7	8.5	1.7	7.7	-43.5%
Kuwait	N/A	N/A	126	N/A	0%
France	12.9	5.7	2.1	N/A	-59.7%
Others	12.0	10.9	3.8	N/A	-43.7%
Total	298	78.8	143	224	-9.1%

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

United Arab Emirates (17.3 tons)
Saudi Arabia (2.2 tons)
China (0.8 tons)

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

In 2022, approx. 2.8 tons of copper; refined, unwrought, wire-barses were exported from Jordan; which is down by -29.7% compared with 2021. In general, exports showed a significant curtailment. The smallest decline of -18.1% was in 2020.

In value terms, copper; refined, unwrought, wire-bars exports contracted sharply to $28K in 2022. Over the period under review, exports continue to indicate a abrupt curtailment. The smallest decline of -9.4% was in 2021.