Price for Copper; Waste and Scrap in Nepal - 2022

Contents:

1. Price for Copper; Waste and Scrap in Nepal (CIF) - 2022
2. Price for Copper; Waste and Scrap in Nepal (FOB) - 2022
3. Imports of Copper; Waste and Scrap in Nepal
4. Exports of Copper; Waste and Scrap in Nepal

Price for Copper; Waste and Scrap in Nepal (CIF) - 2022

In 2022, the average copper; waste and scrap import price amounted to $8,190 per ton, rising by 43% against the previous year. Over the period under review, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper; waste and scrap import price increased by +112.9% against 2017 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 India ($9,234 per ton), while the price for Morocco ($4,896 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper; Waste and Scrap in Nepal (FOB) - 2022

The average copper; waste and scrap export price stood at $1,732 per ton in 2022, leveling off at the previous year. In general, the export price saw a deep reduction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 45%. As a result, the export price attained the peak level of $6,628 per ton. From 2015 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($4,136 per ton), while the average price for exports to India amounted to $1,318 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (-8.5%).

Imports of Copper; Waste and Scrap in Nepal

In 2022, approx. 712 tons of copper; waste and scraps were imported into Nepal; growing by 262% on the previous year. Overall, imports enjoyed a strong increase.

In value terms, copper; waste and scrap imports surged to $5.8M in 2022. Over the period under review, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Copper; Waste and Scrap to Nepal in 2022:

1. Malaysia (346.8 tons)
2. Singapore (129.3 tons)
3. India (72.4 tons)
4. United Kingdom (33.3 tons)
5. South Africa (20.0 tons)
6. Kuwait (15.6 tons)
7. Taiwan (Chinese) (14.0 tons)
8. Morocco (13.7 tons)
9. Bahrain (13.4 tons)
10. Australia (11.7 tons)
11. Germany (9.4 tons)

Exports of Copper; Waste and Scrap in Nepal

In 2022, overseas shipments of copper; waste and scraps decreased by 0% to 598 kg for the first time since 2019, thus ending a two-year declining trend. Overall, exports recorded a precipitous decline. The smallest decline of -49.8% was in 2020.

In value terms, copper; waste and scrap exports stood at $1K in 2022. In general, exports saw a precipitous descent. The smallest decline of -49.3% was in 2020.

Top Export Markets for Copper; Waste and Scrap from Nepal in 2022:

1. India (510.0 kg)
2. Canada (88.0 kg)

Source: IndexBox Market Intelligence Platform