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

Contents:

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

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

In 2022, the average copper; refined, unwrought, wire-bars export price amounted to $793 per ton, with a decrease of -84% against the previous year. In general, the export price continues to indicate a abrupt setback. The growth pace was the most rapid in 2017 an increase of 47% against the previous year. The export price peaked at $5,963 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Pakistan amounted to +96.3% per year.

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

The average copper; refined, unwrought, wire-bars import price stood at $9,814 per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the import price saw resilient growth. The pace of growth was the most pronounced in 2018 an increase of 55% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($9,873 per ton), while the price for the United States totaled $9,768 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+6.0%).

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

In 2022, overseas shipments of copper; refined, unwrought, wire-barses decreased by -34.4% to 7.9 tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of 99.9%. As a result, the exports attained the peak of 12 tons, and then dropped significantly in the following year.

In value terms, copper; refined, unwrought, wire-bars exports fell dramatically to $6.2K in 2022. Over the period under review, exports saw a sharp contraction. The growth pace was the most rapid in 2021 with an increase of 66%. As a result, the exports attained the peak of $60K, and then dropped notably in the following year.

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

1. United Arab Emirates (7.9 tons)

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

In 2022, the amount of copper; refined, unwrought, wire-barses imported into Oman was estimated at 145 kg, remaining relatively unchanged against the previous year. Overall, imports continue to indicate a sharp slump. The smallest decline of -99.8% was in 2020.

In value terms, copper; refined, unwrought, wire-bars imports stood at $1.4K in 2022. In general, imports continue to indicate a precipitous setback. The smallest decline of -99.8% was in 2020.

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

1. United States (82.0 kg)
2. United Arab Emirates (63.0 kg)

Source: IndexBox Market Intelligence Platform