Price for Copper; Powders and Flakes in Ethiopia - 2022

Price for Copper; Powders and Flakes in Ethiopia (CIF) - 2022

In 2022, the average copper; powders and flakes import price amounted to $11,292 per ton, with an increase of 1.8% against the previous year. Overall, the import price showed a resilient expansion. The most prominent rate of growth was recorded in 2017 an increase of 57% against the previous year. The import price peaked at $21,259 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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 Germany ($119,250 per ton), while the price for India ($9,682 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+46.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Copper; Powders and Flakes in Ethiopia

In 2022, the amount of copper; powders and flakeses imported into Ethiopia reduced slightly to 935 kg, standing approx. at the previous year. Overall, imports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 1,069%. As a result, imports reached the peak of 947 kg, and then reduced slightly in the following year.

In value terms, copper; powders and flakes imports stood at $11K in 2022. Over the period under review, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 510%. Imports peaked in 2022 and are likely to see steady growth in the near future.