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

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

In 2022, the average copper; refined, unwrought, wire-bars import price amounted to $3,200 per ton, reducing by -12.1% against the previous year. Overall, the import price, however, continues to indicate a pronounced expansion. The most prominent rate of growth was recorded in 2016 when the average import price increased by 165%. As a result, import price attained the peak level of $7,416 per ton. From 2017 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +3.7% per year.

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

In 2022, purchases abroad of copper; refined, unwrought, wire-barses decreased by -12.3% to 100 kg, falling for the second consecutive year after two years of growth. Overall, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 471%. As a result, imports reached the peak of 120 kg. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, copper; refined, unwrought, wire-bars imports dropped sharply to $320 in 2022. In general, imports, however, saw a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 318%. As a result, imports attained the peak of $493. From 2021 to 2022, the growth of imports remained at a lower figure.