Price for Copper; Refined, Unwrought, Wire-Bars in Egypt - 2022

Contents:

1. Price for Copper; Refined, Unwrought, Wire-Bars in Egypt (CIF) - 2022
2. Price for Copper; Refined, Unwrought, Wire-Bars in Egypt (FOB) - 2022
3. Imports of Copper; Refined, Unwrought, Wire-Bars in Egypt
4. Exports of Copper; Refined, Unwrought, Wire-Bars in Egypt

Price for Copper; Refined, Unwrought, Wire-Bars in Egypt (CIF) - 2022

The average copper; refined, unwrought, wire-bars import price stood at $12,689 per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, the import price showed a dramatic slump. The most prominent rate of growth was recorded in 2014 when the average import price increased by 756% against the previous year. As a result, import price reached the peak level of $70,267 per kg. From 2015 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Saudi Arabia ($21,820 per ton), while the price for China ($1,865 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+17.7%).

Price for Copper; Refined, Unwrought, Wire-Bars in Egypt (FOB) - 2022

In 2022, the average copper; refined, unwrought, wire-bars export price amounted to $33 per ton, shrinking by -99.7% against the previous year. In general, the export price showed a sharp decrease. The growth pace was the most rapid in 2017 an increase of 59% against the previous year. Over the period under review, the average export prices hit record highs at $9,507 per ton in 2021, and then contracted rapidly in the following year.

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 Yemen amounted to -9.3% per year.

Imports of Copper; Refined, Unwrought, Wire-Bars in Egypt

Copper; refined, unwrought, wire-bars imports into Egypt totaled 24 tons in 2022, remaining constant against 2021 figures. In general, imports showed a significant expansion. The smallest decline of 99.9% was in 2021. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, copper; refined, unwrought, wire-bars imports amounted to $306K in 2022. Over the period under review, imports showed a significant expansion. The smallest decline of 99.9% was in 2021. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

Top Suppliers of Copper; Refined, Unwrought, Wire-Bars to Egypt in 2022:

1. Saudi Arabia (13.1 tons)
2. Germany (9.1 tons)
3. China (2.0 tons)

Exports of Copper; Refined, Unwrought, Wire-Bars in Egypt

For the fourth consecutive year, Egypt recorded growth in overseas shipments of copper; refined, unwrought, wire-barses, which increased by 61% to 2.5K tons in 2022. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 232%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, copper; refined, unwrought, wire-bars exports contracted sharply to $83K in 2022. Over the period under review, exports, however, continue to indicate a precipitous decline. The growth pace was the most rapid in 2020 with an increase of 272%.

Top Export Markets for Copper; Refined, Unwrought, Wire-Bars from Egypt in 2022:

1. China (2.5K tons)

Source: IndexBox Market Intelligence Platform