Price for Copper; Bars, Rods and Profiles, of Refined Copper in Ethiopia - 2022
Contents:
- Price for Copper; Bars, Rods and Profiles, of Refined Copper in Ethiopia (CIF) - 2022
- Imports of Copper; Bars, Rods and Profiles, of Refined Copper in Ethiopia
Price for Copper; Bars, Rods and Profiles, of Refined Copper in Ethiopia (CIF) - 2022
The average import price for copper; bars, rods and profiles, of refined coppers stood at $4,290 per ton in 2022, declining by -25.6% against the previous year. Overall, the import price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when the average import price increased by 27% against the previous year. The import price peaked at $13,456 per ton in 2018; however, from 2019 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 Turkey ($17,895 per ton), while the price for India ($3,683 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+3.5%), while the prices for the other major suppliers experienced a decline.
Imports of Copper; Bars, Rods and Profiles, of Refined Copper in Ethiopia
Imports of copper; bars, rods and profiles, of refined coppers into Ethiopia skyrocketed to 233 tons in 2022, surging by 16% compared with 2021 figures. The total import volume increased at an average annual rate of +13.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of copper; bars, rods and profiles, of refined coppers dropped to $1M in 2022. Overall, imports, however, continue to indicate a deep contraction. The smallest decline of -14% was in 2021.
| Import of Copper; Bars, Rods and Profiles, of Refined Copper in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 949 | 118 | 651 | 802 | -5.5% |
| Egypt | N/A | 1,139 | 457 | 79.5 | -73.6% |
| India | 56.8 | 46.4 | 0.6 | 47.3 | -5.9% |
| China | 34.9 | 22.5 | 33.1 | 23.3 | -12.6% |
| Turkey | 518 | 6.8 | 5.6 | 7.4 | -75.7% |
| Others | 31.4 | 19.1 | 15.1 | 40.2 | 8.6% |
| Total | 1,589 | 1,352 | 1,163 | 1,000 | -14.3% |
Top Suppliers of Copper; Bars, Rods and Profiles, of Refined Copper to Ethiopia in 2022:
- United Arab Emirates (192.1 tons)
- Egypt (18.2 tons)
- India (12.8 tons)
- China (6.2 tons)
- Turkey (0.4 tons)
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