Price for Copper; Bars, Rods and Profiles, of Refined Copper in Morocco - 2023
Contents:
- Price for Copper; Bars, Rods and Profiles, of Refined Copper in Morocco (CIF) - 2023
- Price for Copper; Bars, Rods and Profiles, of Refined Copper in Morocco (FOB) - 2022
- Imports of Copper; Bars, Rods and Profiles, of Refined Copper in Morocco
- Exports of Copper; Bars, Rods and Profiles, of Refined Copper in Morocco
Price for Copper; Bars, Rods and Profiles, of Refined Copper in Morocco (CIF) - 2023
The average import price for copper; bars, rods and profiles, of refined coppers stood at $11,178 per ton in June 2023, dropping by -10.8% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in May 2023 an increase of 15% against the previous month. As a result, import price reached the peak level of $12,536 per ton, and then shrank in the following month.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was France ($18,625 per ton), while the price for the United Arab Emirates ($9,837 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Turkey (+24.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Copper; Bars, Rods and Profiles, of Refined Copper in Morocco (FOB) - 2022
In 2022, the average export price for copper; bars, rods and profiles, of refined coppers amounted to $19,564 per ton, increasing by 127% against the previous year. Overall, the export price posted a buoyant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
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 Cameroon ($39,398 per ton), while the average price for exports to Benin ($7,147 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 Cameroon (+46.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Copper; Bars, Rods and Profiles, of Refined Copper in Morocco
In 2022, imports of copper; bars, rods and profiles, of refined coppers into Morocco expanded modestly to 742 tons, picking up by 2.2% compared with the previous year's figure. The total import volume increased at an average annual rate of +4.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 25% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, imports of copper; bars, rods and profiles, of refined coppers skyrocketed to $7.7M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +15.8% 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 +80.9% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 48% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Copper; Bars, Rods and Profiles, of Refined Copper in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 2.0 | 1.4 | 2.5 | 3.2 | 17.0% |
| Belgium | 1.4 | 1.9 | 3.0 | 2.7 | 24.5% |
| Germany | 0.6 | 0.3 | 0.4 | 1.2 | 26.0% |
| France | 0.8 | 0.3 | 0.4 | 0.3 | -27.9% |
| Turkey | N/A | 0.1 | N/A | 0.2 | 41.4% |
| Others | 0.1 | 0.2 | 0.1 | 0.2 | 26.0% |
| Total | 5.0 | 4.3 | 6.4 | 7.7 | 15.5% |
Top Suppliers of Copper; Bars, Rods and Profiles, of Refined Copper to Morocco in 2022:
- Belgium (300.1 tons)
- Spain (278.0 tons)
- Germany (109.8 tons)
- France (25.6 tons)
- Turkey (21.2 tons)
Exports of Copper; Bars, Rods and Profiles, of Refined Copper in Morocco
In 2022, the amount of copper; bars, rods and profiles, of refined coppers exported from Morocco shrank sharply to 1.3 tons, waning by -94% against the previous year. In general, exports saw a precipitous slump. The most prominent rate of growth was recorded in 2021 with an increase of 646% against the previous year. As a result, the exports reached the peak of 22 tons, and then contracted remarkably in the following year.
In value terms, exports of copper; bars, rods and profiles, of refined coppers dropped remarkably to $25K in 2022. Over the period under review, exports faced a deep downturn. The pace of growth was the most pronounced in 2021 when exports increased by 394%. As a result, the exports reached the peak of $186K, and then declined markedly in the following year.
| Export of Copper; Bars, Rods and Profiles, of Refined Copper in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cameroon | N/A | N/A | N/A | 8.9 | 0% |
| Senegal | 6.9 | 15.8 | 3.5 | 6.5 | -2.0% |
| Mauritania | 2.8 | 0.5 | 3.9 | 6.2 | 30.3% |
| Mali | N/A | N/A | N/A | 1.6 | 0% |
| Benin | N/A | N/A | N/A | 1.6 | 0% |
| Guinea | N/A | N/A | N/A | 0.5 | 0% |
| Spain | N/A | N/A | 179 | N/A | 0% |
| Cote d'Ivoire | N/A | 7.0 | 0.4 | N/A | -94.3% |
| France | 32.1 | 11.7 | N/A | N/A | -63.6% |
| Others | 0.1 | 2.7 | N/A | N/A | 2600.0% |
| Total | 41.8 | 37.7 | 186 | 25.2 | -15.5% |
Top Export Markets for Copper; Bars, Rods and Profiles, of Refined Copper from Morocco in 2022:
- Senegal (459.0 kg)
- Mauritania (306.0 kg)
- Cameroon (226.0 kg)
- Benin (218.0 kg)
- Mali (52.0 kg)
- Guinea (29.0 kg)
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