Price for Copper; Rivets, Cotters, Cotter-Pins and Similar Articles, Not Threaded in Turkey - 2024

Contents:

1. Price for Copper; Rivets, Cotters, Cotter-Pins and Similar Articles, Not Threaded in Turkey (CIF) - 2024
2. Price for Copper; Rivets, Cotters, Cotter-Pins and Similar Articles, Not Threaded in Turkey (FOB) - 2022
3. Imports of Copper; Rivets, Cotters, Cotter-Pins and Similar Articles, Not Threaded in Turkey
4. Exports of Copper; Rivets, Cotters, Cotter-Pins and Similar Articles, Not Threaded in Turkey

Price for Copper; Rivets, Cotters, Cotter-Pins and Similar Articles, Not Threaded in Turkey (CIF) - 2024

The average import price for copper; rivets, cotters, cotter-pins and similar articles, not threaded stood at $43,921 per ton in December 2023, picking up by 70% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 107% m-o-m. The import price peaked at $55,087 per ton in June 2023; however, from July 2023 to December 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was France ($485K per ton), while the price for India ($15,900 per ton) was amongst the lowest.

From January 2023 to December 2023, the most notable rate of growth in terms of prices was attained by Germany (+12.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Copper; Rivets, Cotters, Cotter-Pins and Similar Articles, Not Threaded in Turkey (FOB) - 2022

The average export price for copper; rivets, cotters, cotter-pins and similar articles, not threaded stood at $14,219 per ton in 2022, growing by 19% against the previous year. In general, the export price, however, showed a slight shrinkage. The pace of growth appeared the most rapid in 2016 when the average export price increased by 60% against the previous year. The export price peaked at $16,908 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($52,877 per ton), while the average price for exports to Turkmenistan ($5,159 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+15.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper; Rivets, Cotters, Cotter-Pins and Similar Articles, Not Threaded in Turkey

In 2022, purchases abroad of copper; rivets, cotters, cotter-pins and similar articles, not threaded decreased by -21.2% to 100 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a pronounced contraction. The growth pace was the most rapid in 2020 with an increase of 28% against the previous year. As a result, imports attained the peak of 147 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of copper; rivets, cotters, cotter-pins and similar articles, not threaded shrank to $3M in 2022. In general, imports continue to indicate a noticeable reduction. The growth pace was the most rapid in 2020 when imports increased by 4.9%. As a result, imports reached the peak of $3.4M. From 2021 to 2022, the growth of imports of remained at a lower figure.

Top Suppliers of Copper; Rivets, Cotters, Cotter-Pins and Similar Articles, Not Threaded to Turkey in 2022:

1. Spain (56.4 tons)
2. China (20.3 tons)
3. Germany (8.1 tons)
4. Taiwan (Chinese) (6.7 tons)
5. France (2.7 tons)
6. Malaysia (1.6 tons)

Exports of Copper; Rivets, Cotters, Cotter-Pins and Similar Articles, Not Threaded in Turkey

Exports of copper; rivets, cotters, cotter-pins and similar articles, not threaded from Turkey reduced markedly to 21 tons in 2022, waning by -16.4% against 2021 figures. Over the period under review, exports continue to indicate a abrupt decrease. The smallest decline of -0.4% was in 2020.

In value terms, exports of copper; rivets, cotters, cotter-pins and similar articles, not threaded reduced to $301K in 2022. The total export value increased at an average annual rate of +2.6% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 5.6%. As a result, the exports reached the peak of $303K, leveling off in the following year.

Top Export Markets for Copper; Rivets, Cotters, Cotter-Pins and Similar Articles, Not Threaded from Turkey in 2022:

1. Azerbaijan (1.7 tons)
2. Iran (1.6 tons)
3. Egypt (1.4 tons)
4. Germany (1.4 tons)
5. Spain (1.4 tons)
6. Albania (1.3 tons)
7. Czech Republic (1.3 tons)
8. Turkmenistan (1.2 tons)
9. Georgia (1.0 tons)
10. Kazakhstan (1.0 tons)
11. Poland (0.9 tons)
12. Russia (0.9 tons)
13. Romania (0.8 tons)

Source: IndexBox Market Intelligence Platform