Price for Copper; Refined and Copper Alloys, Unwrought in Tanzania - 2023

Contents:

1. Price for Copper; Refined and Copper Alloys, Unwrought in Tanzania (FOB) - 2022
2. Price for Copper; Refined and Copper Alloys, Unwrought in Tanzania (CIF) - 2022
3. Exports of Copper; Refined and Copper Alloys, Unwrought in Tanzania
4. Imports of Copper; Refined and Copper Alloys, Unwrought in Tanzania

Price for Copper; Refined and Copper Alloys, Unwrought in Tanzania (FOB) - 2022

The average export price for copper; refined and copper alloys, unwroughts stood at $4,403 per ton in 2022, shrinking by -33.1% against the previous year. Overall, the export price, however, recorded a moderate expansion. The most prominent rate of growth was recorded in 2014 when the average export price increased by 356% against the previous year. The export price peaked at $6,580 per ton in 2021, and then plummeted in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($9,225 per ton), while the average price for exports to China totaled $3,069 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Zambia (+98.8%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Copper; Refined and Copper Alloys, Unwrought in Tanzania (CIF) - 2022

In 2022, the average import price for copper; refined and copper alloys, unwroughts amounted to $6,490 per ton, falling by -29% against the previous year. Overall, the import price, however, continues to indicate a moderate increase. The growth pace was the most rapid in 2014 when the average import price increased by 178% against the previous year. The import price peaked at $9,146 per ton in 2021, and then contracted dramatically in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($15,682 per ton), while the price for China ($779 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Democratic Republic of the Congo (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Copper; Refined and Copper Alloys, Unwrought in Tanzania

In 2022, exports of copper; refined and copper alloys, unwroughts from Tanzania rose modestly to 343 tons, picking up by 4.5% on the previous year. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 141%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, exports of copper; refined and copper alloys, unwroughts fell rapidly to $1.5M in 2022. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 210% against the previous year. As a result, the exports reached the peak of $2.2M, and then dropped significantly in the following year.

Top Export Markets for Copper; Refined and Copper Alloys, Unwrought from Tanzania in 2022:

1. China (266.0 tons)
2. United Arab Emirates (75.0 tons)

Imports of Copper; Refined and Copper Alloys, Unwrought in Tanzania

In 2022, overseas purchases of copper; refined and copper alloys, unwroughts increased by 4% to 7.2 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a precipitous decrease.

In value terms, imports of copper; refined and copper alloys, unwroughts contracted dramatically to $46K in 2022. Over the period under review, imports, however, saw a sharp contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 18%. As a result, imports attained the peak of $3M. From 2021 to 2022, the growth of imports of remained at a lower figure.

Top Suppliers of Copper; Refined and Copper Alloys, Unwrought to Tanzania in 2022:

1. China (3.3 tons)
2. South Africa (2.2 tons)
3. India (1.4 tons)
4. Turkey (0.2 tons)

Source: IndexBox Market Intelligence Platform