Price for Copper; Refined and Copper Alloys, Unwrought in Kenya - 2022
Contents:
- Price for Copper; Refined and Copper Alloys, Unwrought in Kenya (FOB) - 2022
- Price for Copper; Refined and Copper Alloys, Unwrought in Kenya (CIF) - 2022
- Exports of Copper; Refined and Copper Alloys, Unwrought in Kenya
- Imports of Copper; Refined and Copper Alloys, Unwrought in Kenya
Price for Copper; Refined and Copper Alloys, Unwrought in Kenya (FOB) - 2022
In December 2021, the average export price for copper; refined and copper alloys, unwroughts amounted to $4,653 per ton, with a decrease of -3% against the previous month. Over the period from January 2021 to December 2021, it increased at an average monthly rate of +2.6%. The pace of growth appeared the most rapid in March 2021 when the average export price increased by 12% month-to-month. The export price peaked at $4,808 per ton in July 2021; however, from August 2021 to December 2021, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major export markets. In December 2021, the countries with the highest prices were the UK ($5,053 per ton) and Hong Kong SAR ($5,004 per ton), while the average price for exports to India ($3,992 per ton) and the United Arab Emirates ($4,233 per ton) were amongst the lowest.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Copper; Refined and Copper Alloys, Unwrought in Kenya (CIF) - 2022
In 2022, the average import price for copper; refined and copper alloys, unwroughts amounted to $6,301 per ton, shrinking by -9.7% against the previous year. Overall, the import price recorded a perceptible setback. The growth pace was the most rapid in 2014 when the average import price increased by 171% against the previous year. The import price peaked at $8,343 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($13,692 per ton), while the price for South Africa ($2,033 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ethiopia (+29.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Copper; Refined and Copper Alloys, Unwrought in Kenya
After three years of growth, shipments abroad of copper; refined and copper alloys, unwroughts decreased by -24.8% to 2.4K tons in 2022. In general, total exports indicated a perceptible expansion from 2019 to 2022: its volume increased at an average annual rate of +4.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 23% against the previous year. As a result, the exports reached the peak of 3.2K tons, and then declined significantly in the following year.
In value terms, exports of copper; refined and copper alloys, unwroughts declined rapidly to $11M in 2022. Overall, exports, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 72% against the previous year. As a result, the exports reached the peak of $14M, and then shrank significantly in the following year.
| Export of Copper; Refined and Copper Alloys, Unwrought in Kenya (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 0.3 | 0.5 | 4.0 | 2.8 | 110.5% |
| United Arab Emirates | 2.7 | 2.4 | 3.4 | 2.5 | -2.5% |
| Hong Kong SAR | 0.6 | 1.1 | 3.8 | 2.4 | 58.7% |
| Turkey | 0.3 | 0.6 | 1.2 | 1.1 | 54.2% |
| China | 1.5 | 0.7 | 0.2 | 1.1 | -9.8% |
| South Korea | 0.1 | 0.1 | 0.5 | 0.3 | 44.2% |
| Taiwan (Chinese) | 0.2 | 0.4 | 0.1 | 0.2 | 0.0% |
| India | 0.8 | 1.3 | 0.4 | 0.1 | -50.0% |
| Malaysia | 0.5 | 0.8 | 0.1 | 0.1 | -41.5% |
| Others | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
| Total | 7.2 | 8.0 | 13.9 | 10.8 | 14.5% |
Top Export Markets for Copper; Refined and Copper Alloys, Unwrought from Kenya in 2022:
- United Kingdom (611.7 tons)
- United Arab Emirates (560.9 tons)
- Hong Kong SAR (525.2 tons)
- Turkey (244.4 tons)
- China (217.8 tons)
- Taiwan (Chinese) (65.9 tons)
- South Korea (54.6 tons)
- India (39.0 tons)
- Malaysia (21.9 tons)
Imports of Copper; Refined and Copper Alloys, Unwrought in Kenya
In 2022, imports of copper; refined and copper alloys, unwroughts into Kenya surged to 14 tons, growing by 349% against the year before. In general, imports recorded a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of copper; refined and copper alloys, unwroughts soared to $87K in 2022. Over the period under review, imports recorded prominent growth.
| Import of Copper; Refined and Copper Alloys, Unwrought in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 6.3 | 8.6 | 4.1 | 56.8 | 108.1% |
| France | 13.7 | 5.3 | 3.3 | 10.3 | -9.1% |
| South Africa | 13.6 | 11.4 | 3.8 | 5.1 | -27.9% |
| Belgium | 1.1 | 1.5 | 0.9 | 3.8 | 51.2% |
| United Arab Emirates | 2.4 | 2.3 | 1.1 | 2.3 | -1.4% |
| Pakistan | 1.4 | 1.3 | 0.6 | 1.5 | 2.3% |
| Malaysia | 22.7 | N/A | N/A | N/A | 0% |
| Saudi Arabia | N/A | 44.1 | N/A | N/A | 0% |
| Others | 13.9 | 13.0 | 7.7 | 7.5 | -18.6% |
| Total | 75.1 | 87.5 | 21.5 | 87.2 | 5.1% |
Top Suppliers of Copper; Refined and Copper Alloys, Unwrought to Kenya in 2022:
- India (8.2 tons)
- South Africa (2.5 tons)
- France (1.0 tons)
- Pakistan (0.7 tons)
- United Arab Emirates (0.7 tons)
- Belgium (0.3 tons)
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