Price for Copper; Waste and Scrap in Iraq - 2022

Contents:

1. Price for Copper; Waste and Scrap in Iraq (FOB) - 2022
2. Price for Copper; Waste and Scrap in Iraq (CIF) - 2022
3. Exports of Copper; Waste and Scrap in Iraq
4. Imports of Copper; Waste and Scrap in Iraq

Price for Copper; Waste and Scrap in Iraq (FOB) - 2022

The average copper; waste and scrap export price stood at $6,778 per ton in 2022, picking up by 1.5% against the previous year. Overall, the export price continues to indicate pronounced growth. The pace of growth appeared the most rapid in 2017 when the average export price increased by 59%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +3.3% per year.

Price for Copper; Waste and Scrap in Iraq (CIF) - 2022

The average copper; waste and scrap import price stood at $4,219 per ton in 2022, remaining constant against the previous year. In general, the import price, however, continues to indicate temperate growth. The pace of growth appeared the most rapid in 2016 an increase of 181%. Over the period under review, average import prices reached the maximum at $10,063 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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 States ($21,849 per ton), while the price for the United Arab Emirates totaled $4,012 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+33.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Copper; Waste and Scrap in Iraq

Copper; waste and scrap exports from Iraq was estimated at 27 tons in 2022, increasing by 2.1% compared with 2021 figures. Over the period under review, exports, however, continue to indicate a sharp shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 14% against the previous year. As a result, the exports reached the peak of 89 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, copper; waste and scrap exports expanded slightly to $182K in 2022. Overall, exports, however, showed a dramatic shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 30%. As a result, the exports attained the peak of $504K. From 2021 to 2022, the growth of the exports failed to regain momentum.

Top Export Markets for Copper; Waste and Scrap from Iraq in 2022:

1. China (26.9 tons)

Imports of Copper; Waste and Scrap in Iraq

In 2022, approx. 28 tons of copper; waste and scraps were imported into Iraq; with an increase of 11% on the previous year's figure. In general, imports, however, showed a pronounced decline. The most prominent rate of growth was recorded in 2021 when imports increased by 1,072%.

In value terms, copper; waste and scrap imports amounted to $117K in 2022. Over the period under review, imports, however, continue to indicate a pronounced slump. The pace of growth was the most pronounced in 2021 with an increase of 1,249%.

Top Suppliers of Copper; Waste and Scrap to Iraq in 2022:

1. United Arab Emirates (27.5 tons)
2. United States (0.3 tons)

Source: IndexBox Market Intelligence Platform