Copper; Master Alloys Price in Turkey - 2023
Contents:
- Copper; Master Alloys Price in Turkey (CIF) - 2023
- Copper; Master Alloys Price in Turkey (FOB) - 2022
- Copper; Master Alloys Imports in Turkey
- 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.
Import of Copper; Master Alloys in Turkey (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Korea | 1,171 | 1,822 | 3,603 | 3,877 | 49.0% |
Belgium | 520 | 631 | 1,518 | 1,756 | 50.0% |
Kazakhstan | 1,191 | 315 | 908 | 1,274 | 2.3% |
Italy | 199 | 120 | 339 | 661 | 49.2% |
Germany | 133 | 460 | 629 | 590 | 64.3% |
Canada | 104 | N/A | 210 | 433 | 60.9% |
India | N/A | 63.6 | 122 | 223 | 87.3% |
United States | 200 | 149 | 103 | 7.5 | -66.5% |
China | 713 | 775 | 627 | N/A | -6.2% |
Others | 41.9 | 33.7 | 16.9 | 13.8 | -30.9% |
Total | 4,273 | 4,370 | 8,077 | 8,835 | 27.4% |
Top Suppliers of Copper; Master Alloys to Turkey in 2022:
- South Korea (365.3 tons)
- Belgium (136.1 tons)
- Kazakhstan (23.9 tons)
- Italy (21.6 tons)
- India (21.0 tons)
- Germany (14.7 tons)
- Canada (13.7 tons)
- 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.
Export of Copper; Master Alloys in Turkey (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Iran | N/A | 0.2 | 6.3 | 88.1 | 1998.8% |
Uzbekistan | N/A | N/A | N/A | 80.2 | 0% |
United Arab Emirates | 10.9 | 7.3 | 44.6 | 74.7 | 89.9% |
Iraq | N/A | N/A | 0.3 | 38.6 | 12766.7% |
Russia | N/A | N/A | N/A | 36.3 | 0% |
Jordan | N/A | N/A | N/A | 12.0 | 0% |
Italy | N/A | N/A | 8.5 | N/A | 0% |
Saudi Arabia | N/A | 31.3 | 1.5 | N/A | -95.2% |
Others | 0.7 | 5.6 | 19.8 | 26.4 | 235.4% |
Total | 11.6 | 44.4 | 81.1 | 356 | 213.1% |
Top Export Markets for Copper; Master Alloys from Turkey in 2022:
- Iran (6.1 tons)
- Iraq (3.0 tons)
- United Arab Emirates (1.7 tons)
- Russia (1.1 tons)
- Jordan (1.0 tons)
- Uzbekistan (0.4 tons)
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