Price for Copper Oxides and Hydroxides in India - 2023

Contents:

1. Price for Copper Oxides and Hydroxides in India (FOB) - 2022
2. Price for Copper Oxides and Hydroxides in India (CIF) - 2023
3. Exports of Copper Oxides and Hydroxides in India
4. Imports of Copper Oxides and Hydroxides in India

Price for Copper Oxides and Hydroxides in India (FOB) - 2022

The average copper oxides and hydroxides export price stood at $8,005 per ton in 2022, surging by 8.8% against the previous year. In general, the export price showed a significant increase. The pace of growth appeared the most rapid in 2014 an increase of 99%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Italy ($8,309 per ton) and France ($8,075 per ton), while the average price for exports to Vietnam ($7,001 per ton) and Jordan ($7,111 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Copper Oxides and Hydroxides in India (CIF) - 2023

The average copper oxides and hydroxides import price stood at $9,749 per ton in July 2023, reducing by -18.7% against the previous month. In general, the import price showed a mild downturn. The most prominent rate of growth was recorded in December 2022 an increase of 34% month-to-month. The import price peaked at $14,110 per ton in August 2022; however, from September 2022 to July 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was China ($21,486 per ton), while the price for Norway ($9,072 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Saudi Arabia (0.0%), while the prices for the other major suppliers experienced a decline.

Exports of Copper Oxides and Hydroxides in India

Copper oxides and hydroxides exports from India totaled 968 tons in 2022, remaining relatively unchanged against the previous year. Overall, exports enjoyed a significant increase. The growth pace was the most rapid in 2021 with an increase of 70%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, copper oxides and hydroxides exports stood at $7.7M in 2022. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 127%. The exports peaked in 2022 and are expected to retain growth in years to come.

Top Export Markets for Copper Oxides and Hydroxides from India in 2022:

1. Indonesia (undefined tons)
2. Italy (544.1 tons)
3. Turkey (122.0 tons)
4. Egypt (95.8 tons)
5. France (49.0 tons)
6. Spain (42.0 tons)
7. Vietnam (40.0 tons)
8. Jordan (36.0 tons)
9. Malaysia (10.0 tons)

Imports of Copper Oxides and Hydroxides in India

After two years of decline, purchases abroad of copper oxides and hydroxideses increased by 29% to 347 tons in 2022. Over the period under review, imports, however, saw a abrupt decline.

In value terms, copper oxides and hydroxides imports surged to $3.7M in 2022. The total import value increased at an average annual rate of +9.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Copper Oxides and Hydroxides to India in 2022:

1. Norway (144.0 tons)
2. Singapore (38.7 tons)
3. Germany (35.2 tons)
4. China (28.4 tons)
5. United States (25.1 tons)
6. Netherlands (20.0 tons)
7. Taiwan (Chinese) (15.0 tons)
8. United Arab Emirates (10.4 tons)
9. Japan (4.9 tons)

Source: IndexBox Market Intelligence Platform