Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Sri Lanka - 2022

Contents:

1. Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Sri Lanka (CIF) - 2022
2. Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Sri Lanka (FOB) - 2022
3. Imports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Sri Lanka
4. Exports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Sri Lanka

Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Sri Lanka (CIF) - 2022

In 2022, the average import price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses amounted to $12,200 per ton, rising by 17% against the previous year. Overall, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses increased by +60.8% against 2018 indices. The most prominent rate of growth was recorded in 2021 an increase of 44% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($109,456 per ton), while the price for Egypt ($10,022 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+28.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Sri Lanka (FOB) - 2022

The average export price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses stood at $10,275 per ton in 2022, declining by -10.3% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average export price increased by 51%. As a result, the export price attained the peak level of $14,004 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bangladesh ($19,418 per ton), while the average price for exports to Kenya ($5,619 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 Bangladesh (-1.7%), while the prices for the other major destinations experienced a decline.

Imports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Sri Lanka

In 2022, approx. 91 tons of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses were imported into Sri Lanka; waning by -55.1% on 2021 figures. In general, imports continue to indicate a sharp descent. The pace of growth appeared the most rapid in 2021 with an increase of 33% against the previous year.

In value terms, imports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses declined remarkably to $1.1M in 2022. Overall, imports showed a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by 92% against the previous year. As a result, imports attained the peak of $2.1M, and then contracted sharply in the following year.

Top Suppliers of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils to Sri Lanka in 2022:

1. Egypt (87.8 tons)
2. Germany (0.6 tons)

Exports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Sri Lanka

In 2022, overseas shipments of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses were finally on the rise to reach 534 kg for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a precipitous shrinkage.

In value terms, exports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses shrank to $5.5K in 2022. Over the period under review, exports, however, continue to indicate a abrupt contraction.

Top Export Markets for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils from Sri Lanka in 2022:

1. Maldives (337.0 kg)
2. Bangladesh (134.0 kg)
3. Kenya (63.0 kg)

Source: IndexBox Market Intelligence Platform