Sulphates; of Copper Price in Ethiopia - 2021
Contents:
Sulphates; of Copper Price in Ethiopia (CIF) - 2022
The average sulphates; of copper import price stood at $4,048 per ton in 2022, surging by 22% against the previous year. Overall, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphates; of copper import price increased by +92.1% against 2017 indices. The pace of growth appeared the most rapid in 2018 an increase of 24%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Russia ($4,413 per ton) and India ($4,369 per ton), while the price for China ($3,288 per ton) and Chile ($3,873 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+112.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Sulphates; of Copper Imports in Ethiopia
In 2022, supplies from abroad of sulphates; of coppers decreased by -29.1% to 5.4 tons, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a significant contraction. The pace of growth was the most pronounced in 2020 when imports increased by 19% against the previous year. As a result, imports reached the peak of 47 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, sulphates; of copper imports fell to $22K in 2022. Overall, imports continue to indicate a significant decline. The most prominent rate of growth was recorded in 2020 with an increase of 26%. As a result, imports attained the peak of $135K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Sulphates; of Copper in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 0.5 | 2.5 | 4.5 | 10.1 | 172.3% |
| Romania | N/A | N/A | 5.8 | 4.6 | -20.7% |
| China | 92.3 | 124 | N/A | 3.9 | -65.2% |
| Chile | 4.7 | N/A | 6.0 | 1.5 | -31.7% |
| Russia | N/A | 0.4 | 4.6 | 1.4 | 87.1% |
| Turkey | 9.3 | 7.6 | N/A | N/A | -18.3% |
| Others | 0.2 | 0.2 | 4.5 | 0.3 | 14.5% |
| Total | 107 | 135 | 25.4 | 21.9 | -41.1% |
Top Suppliers of Sulphates; of Copper to Ethiopia in 2022:
- India (2304.0 kg)
- China (1200.0 kg)
- Romania (1151.0 kg)
- Chile (400.0 kg)
- Russia (310.0 kg)
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