Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in South Africa - 2024

Contents:

1. Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in South Africa (CIF) - 2022
2. Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in South Africa (FOB) - 2022
3. Imports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in South Africa
4. Exports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in South Africa

Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in South Africa (CIF) - 2022

In 2022, the average import price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses amounted to $10,750 per ton, picking up by 11% against the previous year. In general, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses increased by +46.3% against 2017 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 37% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($13,093 per ton) and Germany ($11,159 per ton), while the price for the Netherlands ($9,787 per ton) and Greece ($10,139 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in South Africa (FOB) - 2022

In 2022, the average export price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses amounted to $6,332 per ton, dropping by -35.1% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 57% against the previous year. Over the period under review, the average export prices hit record highs at $9,761 per ton in 2021, and then declined dramatically in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($15,321 per ton), while the average price for exports to Botswana ($2,390 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+86.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in South Africa

In 2022, approx. 195 tons of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses were imported into South Africa; with an increase of 24% against the previous year. Overall, imports, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2020 when imports increased by 108%. As a result, imports reached the peak of 670 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses skyrocketed to $2.1M in 2022. Over the period under review, imports, however, recorded a noticeable downturn. The growth pace was the most rapid in 2020 when imports increased by 104%. As a result, imports attained the peak of $4.7M. From 2021 to 2022, the growth of imports of remained at a lower figure.

Top Suppliers of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils to South Africa in 2022:

1. Bulgaria (100.2 tons)
2. Germany (51.6 tons)
3. Greece (19.5 tons)
4. Netherlands (11.8 tons)
5. China (9.7 tons)

Exports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in South Africa

In 2022, shipments abroad of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses was finally on the rise to reach 67 tons after two years of decline. Overall, exports, however, continue to indicate a perceptible slump.

In value terms, exports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses fell markedly to $426K in 2022. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 28% against the previous year. As a result, the exports reached the peak of $555K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils from South Africa in 2022:

1. Botswana (37.7 tons)
2. Zimbabwe (12.2 tons)
3. Zambia (11.7 tons)
4. Namibia (2.9 tons)
5. Democratic Republic of the Congo (1.1 tons)
6. Swaziland (0.8 tons)
7. Lesotho (0.7 tons)

Source: IndexBox Market Intelligence Platform