Copper; Master Alloys Price in Turkey - 2023

Contents:

1. Copper; Master Alloys Price in Turkey (CIF) - 2023
2. Copper; Master Alloys Price in Turkey (FOB) - 2022
3. Copper; Master Alloys Imports in Turkey
4. Copper; Master Alloys Exports in Turkey

Copper; Master Alloys Price in Turkey (CIF) - 2023

The average copper; master alloys import price stood at $20,993 per ton in July 2023, with an increase of 12% against the previous month. Overall, the import price continues to indicate a slight increase. The pace of growth was the most pronounced in December 2022 when the average import price increased by 61% m-o-m. Over the period under review, average import prices hit record highs at $26,481 per ton in January 2023; however, from February 2023 to July 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Germany ($81,092 per ton), while the price for South Korea ($9,890 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Germany (+15.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Copper; Master Alloys Price in Turkey (FOB) - 2022

The average copper; master alloys export price stood at $26,172 per ton in 2022, with a decrease of -31.6% against the previous year. Overall, the export price, however, showed noticeable growth. The pace of growth was the most pronounced in 2018 when the average export price increased by 118%. The export price peaked at $50,676 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($221,602 per ton), while the average price for exports to Jordan ($12,000 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 Russia (+8.9%), while the prices for the other major destinations experienced a decline.

Copper; Master Alloys Imports in Turkey

Copper; master alloys imports into Turkey reached 598 tons in 2022, surging by 2.1% compared with 2021. Over the period under review, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +23.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +89.9% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 40% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, copper; master alloys imports totaled $8.8M in 2022. Overall, imports enjoyed a significant increase. The growth pace was the most rapid in 2021 with an increase of 85%. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Copper; Master Alloys to Turkey in 2022:

1. South Korea (365.3 tons)
2. Belgium (136.1 tons)
3. Kazakhstan (23.9 tons)
4. Italy (21.6 tons)
5. India (21.0 tons)
6. Germany (14.7 tons)
7. Canada (13.7 tons)
8. United States (0.9 tons)

Copper; Master Alloys Exports in Turkey

For the fourth year in a row, Turkey recorded growth in shipments abroad of copper; master alloyses, which increased by 542% to 14 tons in 2022. Overall, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, copper; master alloys exports skyrocketed to $356K in 2022. Over the period under review, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Copper; Master Alloys from Turkey in 2022:

1. Iran (6.1 tons)
2. Iraq (3.0 tons)
3. United Arab Emirates (1.7 tons)
4. Russia (1.1 tons)
5. Jordan (1.0 tons)
6. Uzbekistan (0.4 tons)

Source: IndexBox Market Intelligence Platform