Sulphates; of Copper Price in Uruguay - 2022

Contents:

1. Sulphates; of Copper Price in Uruguay (FOB) - 2022
2. Sulphates; of Copper Price in Uruguay (CIF) - 2022
3. Sulphates; of Copper Exports in Uruguay
4. Sulphates; of Copper Imports in Uruguay

Sulphates; of Copper Price in Uruguay (FOB) - 2022

The average sulphates; of copper export price stood at $2,846 per ton in 2022, picking up by 12% against the previous year. 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 2021 when the average export price increased by 36% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

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

From 2012 to 2022, the rate of growth in terms of prices for Argentina amounted to +0.5% per year.

Sulphates; of Copper Price in Uruguay (CIF) - 2022

In 2022, the average sulphates; of copper import price amounted to $3,848 per ton, picking up by 51% against the previous year. In general, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.6% 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 +91.4% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($4,290 per ton), while the price for Brazil ($2,377 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+3.3%), while the prices for the other major suppliers experienced a decline.

Sulphates; of Copper Exports in Uruguay

In 2022, shipments abroad of sulphates; of coppers decreased by -18.7% to 234 tons, falling for the second year in a row after two years of growth. Overall, exports recorded a abrupt descent. The growth pace was the most rapid in 2020 when exports increased by 0.4% against the previous year. As a result, the exports attained the peak of 313 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, sulphates; of copper exports shrank to $666K in 2022. The total export value increased at an average annual rate of +2.9% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 25%. As a result, the exports reached the peak of $734K, and then contracted in the following year.

Top Export Markets for Sulphates; of Copper from Uruguay in 2022:

1. Argentina (233.8 tons)

Sulphates; of Copper Imports in Uruguay

In 2022, purchases abroad of sulphates; of coppers decreased by -79.4% to 7.3 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a sharp slump. The growth pace was the most rapid in 2020 with an increase of 93%. As a result, imports reached the peak of 81 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, sulphates; of copper imports reduced rapidly to $28K in 2022. Overall, imports faced a significant decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 67% against the previous year. As a result, imports attained the peak of $163K. From 2021 to 2022, the growth of imports remained at a lower figure.

Top Suppliers of Sulphates; of Copper to Uruguay in 2022:

1. China (5.0 tons)
2. Peru (2.0 tons)
3. Brazil (0.2 tons)

Source: IndexBox Market Intelligence Platform