Copper Wire Price in Angola - 2022

Contents:

1. Copper Wire Price in Angola (CIF) - 2022
2. Copper Wire Price in Angola (FOB) - 2022
3. Copper Wire Imports in Angola
4. Copper Wire Exports in Angola

Copper Wire Price in Angola (CIF) - 2022

The average copper wire import price stood at $10,254 per ton in 2022, reducing by -15.3% against the previous year. In general, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper wire import price increased by +43.0% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by 69% against the previous year. As a result, import price reached the peak level of $12,103 per ton, and then declined remarkably in the following year.

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 Portugal ($11,166 per ton), while the price for China ($4,872 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+5.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Copper Wire Price in Angola (FOB) - 2022

The average copper wire export price stood at $5,734 per ton in 2022, almost unchanged from the previous year. Overall, the export price, however, recorded a perceptible downturn. The most prominent rate of growth was recorded in 2017 when the average export price increased by 280% against the previous year. The export price peaked at $9,251 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($34,839 per ton), while the average price for exports to the United Arab Emirates ($3,314 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+9.2%), while the prices for the other major destinations experienced mixed trend patterns.

Copper Wire Imports in Angola

In 2022, approx. 435 tons of copper wires were imported into Angola; dropping by -12.9% on the previous year. The total import volume increased at an average annual rate of +2.2% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 25%. As a result, imports reached the peak of 499 tons, and then shrank in the following year.

In value terms, copper wire imports contracted markedly to $4.5M in 2022. In general, imports, however, posted a prominent increase. The pace of growth was the most pronounced in 2021 with an increase of 110%. As a result, imports reached the peak of $6M, and then shrank rapidly in the following year.

Top Suppliers of Copper Wire to Angola in 2022:

1. United Arab Emirates (undefined tons)
2. Portugal (317.6 tons)
3. Zambia (22.8 tons)
4. China (22.6 tons)
5. Spain (16.0 tons)

Copper Wire Exports in Angola

In 2022, copper wire exports from Angola contracted dramatically to 94 tons, declining by -17.6% on the year before. Over the period under review, exports continue to indicate a precipitous decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 61% against the previous year.

In value terms, copper wire exports fell sharply to $541K in 2022. Overall, exports faced a precipitous decrease. The most prominent rate of growth was recorded in 2021 with an increase of 93% against the previous year.

Top Export Markets for Copper Wire from Angola in 2022:

1. United Arab Emirates (67.4 tons)
2. Rwanda (21.5 tons)
3. India (5.0 tons)

Source: IndexBox Market Intelligence Platform