Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Turkey - 2024
Contents:
- Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Turkey (CIF) - 2024
- Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Turkey (FOB) - 2024
- Imports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Turkey
- Exports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Turkey
Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Turkey (CIF) - 2024
In January 2024, the average import price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses amounted to $9,319 per ton, shrinking by -11.2% against the previous month. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 an increase of 12% against the previous month. Over the period under review, average import prices hit record highs at $11,479 per ton in October 2023; however, from November 2023 to January 2024, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($14,900 per ton), while the price for China ($8,983 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Germany (+1.3%), 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 Turkey (FOB) - 2024
In January 2024, the average export price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses amounted to $10,523 per ton, therefore, remained relatively stable against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2023 an increase of 3% month-to-month. The export price peaked at $11,361 per ton in May 2023; however, from June 2023 to January 2024, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In January 2024, the highest price was recorded for prices to Germany ($10,878 per ton) and the UK ($10,807 per ton), while the average price for exports to Egypt ($9,777 per ton) and Switzerland ($10,278 per ton) were amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Morocco (+0.3%), 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 Turkey
Imports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses into Turkey soared to 11K tons in 2022, jumping by 43% on the year before. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +15.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.2% against 2019 indices. As a result, imports attained 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 soared to $101M in 2022. Overall, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 32.8 | 38.7 | 49.4 | 58.4 | 21.2% |
| Uzbekistan | 0.7 | 0.3 | 7.3 | 20.2 | 206.7% |
| Bulgaria | 10.9 | 10.5 | 9.9 | 8.6 | -7.6% |
| China | 0.8 | 1.6 | 2.0 | 6.6 | 102.1% |
| South Korea | 0.1 | 0.6 | 1.4 | 2.8 | 203.7% |
| Iran | N/A | 1.0 | 3.6 | 2.3 | 51.7% |
| Others | 1.5 | 3.1 | 0.4 | 2.0 | 10.1% |
| Total | 46.8 | 55.6 | 74.1 | 101 | 29.2% |
Top Suppliers of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils to Turkey in 2022:
- Germany (6.5K tons)
- Uzbekistan (2.1K tons)
- Bulgaria (0.9K tons)
- China (0.5K tons)
- Iran (0.2K tons)
- South Korea (0.2K tons)
Exports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Turkey
For the fourth year in a row, Turkey recorded growth in overseas shipments of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses, which increased by 41% to 9.3K tons in 2022. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 52%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses soared to $99M in 2022. Overall, exports showed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 121%. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in years to come.
| Export of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 5.0 | 6.1 | 9.6 | 29.1 | 79.9% |
| Germany | 2.5 | 2.7 | 8.9 | 15.9 | 85.3% |
| France | 3.9 | 4.0 | 7.6 | 9.4 | 34.1% |
| Egypt | 2.7 | 4.6 | 13.6 | 7.2 | 38.7% |
| Spain | 0.4 | 0.9 | 2.5 | 7.0 | 159.6% |
| Poland | 0.4 | 0.5 | 1.9 | 4.3 | 120.7% |
| Malaysia | N/A | N/A | 0.7 | 3.5 | 400.0% |
| Switzerland | N/A | 0.1 | 2.6 | 3.5 | 491.6% |
| United States | N/A | 0.3 | 0.6 | 2.1 | 164.6% |
| United Kingdom | 0.7 | 0.9 | 3.0 | 2.0 | 41.9% |
| Algeria | N/A | N/A | 1.2 | 1.8 | 50.0% |
| Denmark | N/A | N/A | 0.1 | 1.8 | 1700.0% |
| Oman | 1.1 | 0.7 | 2.9 | 1.6 | 13.3% |
| Others | 11.5 | 9.6 | 12.3 | 9.8 | -5.2% |
| Total | 28.5 | 30.6 | 67.5 | 99.1 | 51.5% |
Top Export Markets for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils from Turkey in 2022:
- Italy (2757.9 tons)
- Germany (1419.0 tons)
- France (918.3 tons)
- Egypt (715.2 tons)
- Spain (653.7 tons)
- Poland (392.8 tons)
- Malaysia (341.6 tons)
- Switzerland (315.3 tons)
- United States (199.6 tons)
- Algeria (186.6 tons)
- Denmark (180.6 tons)
- United Kingdom (175.0 tons)
- Oman (152.8 tons)
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This report provides an in-depth analysis of the market for copper bars, wire and plates in Turkey.
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This report provides an in-depth analysis of the global market for copper bars, wire and plates.
