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

Contents:

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

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

The average import price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses stood at $5,222 per ton in 2022, waning by -16.3% against the previous year. Overall, the import price continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2016 an increase of 20% against the previous year. The import price peaked at $8,158 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($17,880 per ton), while the price for Germany ($2,747 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+27.2%), 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 Tanzania (FOB) - 2022

The average export price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses stood at $5,427 per ton in 2022, rising by 38% against the previous year. In general, the export price, however, saw a mild decrease. The growth pace was the most rapid in 2021 when the average export price increased by 122% against the previous year. Over the period under review, the average export prices attained the maximum at $15,399 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mozambique ($6,488 per ton), while the average price for exports to Democratic Republic of the Congo stood at $1,621 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mozambique (+8.7%).

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

In 2022, imports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses into Tanzania surged to 100 tons, with an increase of 65% compared with the previous year. Over the period under review, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses surged to $524K in 2022. Overall, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 45% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

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

1. Germany (36.9 tons)
2. Kenya (36.9 tons)
3. United Arab Emirates (11.5 tons)
4. China (7.2 tons)
5. India (3.4 tons)
6. Turkey (3.2 tons)

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

In 2022, shipments abroad of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses decreased by -54.4% to 1.5 tons, falling for the second consecutive year after two years of growth. Overall, exports saw a precipitous curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 54%. As a result, the exports reached the peak of 10 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses dropped markedly to $8.1K in 2022. In general, exports faced a abrupt descent. The pace of growth appeared the most rapid in 2020 with an increase of 19% against the previous year. As a result, the exports attained the peak of $18K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

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

1. Mozambique (1173.0 kg)
2. Democratic Republic of the Congo (327.0 kg)

Source: IndexBox Market Intelligence Platform