Price for Copper; Refined and Copper Alloys, Unwrought in Egypt - 2023
Contents:
- Price for Copper; Refined and Copper Alloys, Unwrought in Egypt (CIF) - 2023
- Price for Copper; Refined and Copper Alloys, Unwrought in Egypt (FOB) - 2022
- Imports of Copper; Refined and Copper Alloys, Unwrought in Egypt
- Exports of Copper; Refined and Copper Alloys, Unwrought in Egypt
Price for Copper; Refined and Copper Alloys, Unwrought in Egypt (CIF) - 2023
The average import price for copper; refined and copper alloys, unwroughts stood at $8,636 per ton in December 2023, approximately mirroring the previous month. In general, the import price recorded a slight reduction. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 0.4% against the previous month. As a result, import price reached the peak level of $9,813 per ton. From February 2023 to December 2023, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2023, the highest price was recorded for prices from Russia ($8,642 per ton) and Spain ($8,642 per ton), while the price for Zambia ($8,642 per ton) and Democratic Republic of the Congo ($8,642 per ton) were amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Democratic Republic of the Congo (-1.0%), while the prices for the other major suppliers experienced a decline.
Price for Copper; Refined and Copper Alloys, Unwrought in Egypt (FOB) - 2022
The average export price for copper; refined and copper alloys, unwroughts stood at $8,117 per ton in 2022, surging by 15% against the previous year. Overall, the export price saw prominent growth. The pace of growth was the most pronounced in 2020 when the average export price increased by 59% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the near future.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Lebanon ($9,453 per ton) and Slovenia ($9,159 per ton), while the average price for exports to China ($7,611 per ton) and Belgium ($8,276 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 Italy (+16.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Copper; Refined and Copper Alloys, Unwrought in Egypt
In 2022, the amount of copper; refined and copper alloys, unwroughts imported into Egypt rose to 85K tons, surging by 3.2% against 2021 figures. The total import volume increased at an average annual rate of +2.0% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 26% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, imports of copper; refined and copper alloys, unwroughts rose rapidly to $830M in 2022. In general, imports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 92% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in the near future.
| Import of Copper; Refined and Copper Alloys, Unwrought in Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | 123 | 68.6 | 16.7 | 387 | 46.5% |
| Zambia | 235 | 157 | 273 | 219 | -2.3% |
| Spain | 140 | 139 | 227 | 148 | 1.9% |
| Bulgaria | 34.4 | 25.7 | 50.1 | 56.7 | 18.1% |
| Congo | 1.2 | N/A | 112 | 11.4 | 111.8% |
| Others | 33.4 | 2.4 | 73.3 | 8.1 | -37.6% |
| Total | 568 | 393 | 752 | 830 | 13.5% |
Top Suppliers of Copper; Refined and Copper Alloys, Unwrought to Egypt in 2022:
- Democratic Republic of the Congo (39.4K tons)
- Zambia (22.3K tons)
- Spain (15.2K tons)
- Bulgaria (5.8K tons)
- Congo (1.2K tons)
Exports of Copper; Refined and Copper Alloys, Unwrought in Egypt
In 2022, shipments abroad of copper; refined and copper alloys, unwroughts decreased by -47.7% to 644 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 7,152%.
In value terms, exports of copper; refined and copper alloys, unwroughts contracted sharply to $5.2M in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 11,420%.
| Export of Copper; Refined and Copper Alloys, Unwrought in Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | 2.9 | 4.6 | 3.2 | 5.0% |
| Lebanon | N/A | 0.6 | 1.9 | 1.0 | 29.1% |
| Slovenia | N/A | 0.1 | 0.3 | 0.5 | 123.6% |
| Belgium | N/A | 1.4 | 0.8 | 0.5 | -40.2% |
| Netherlands | N/A | 0.3 | 0.2 | N/A | -33.3% |
| Turkey | N/A | 0.3 | 0.4 | N/A | 33.3% |
| Others | 0.1 | 0.2 | 0.5 | N/A | 123.6% |
| Total | 0.1 | 5.9 | 8.7 | 5.2 | 273.3% |
Top Export Markets for Copper; Refined and Copper Alloys, Unwrought from Egypt in 2022:
- China (419.6 tons)
- Lebanon (109.8 tons)
- Belgium (61.5 tons)
- Slovenia (53.5 tons)
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