Price for Copper; Bars, Rods and Profiles, of Refined Copper in Nepal - 2022

Contents:

  1. Price for Copper; Bars, Rods and Profiles, of Refined Copper in Nepal (CIF) - 2022
  2. Price for Copper; Bars, Rods and Profiles, of Refined Copper in Nepal (FOB) - 2022
  3. Imports of Copper; Bars, Rods and Profiles, of Refined Copper in Nepal
  4. Exports of Copper; Bars, Rods and Profiles, of Refined Copper in Nepal

Price for Copper; Bars, Rods and Profiles, of Refined Copper in Nepal (CIF) - 2022

In 2022, the average import price for copper; bars, rods and profiles, of refined coppers amounted to $11,054 per ton, picking up by 13% against the previous year. Over the period under review, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for copper; bars, rods and profiles, of refined coppers increased by +89.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 68%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

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 ($11,188 per ton), while the price for China ($2,679 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.2%), while the prices for the other major suppliers experienced a decline.

Price for Copper; Bars, Rods and Profiles, of Refined Copper in Nepal (FOB) - 2022

The average export price for copper; bars, rods and profiles, of refined coppers stood at $4,314 per ton in 2022, surging by 36% against the previous year. Overall, the export price, however, continues to indicate a abrupt downturn. The export price peaked at $9,260 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($4,500 per ton), while the average price for exports to the United Arab Emirates stood at $4,276 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+78.2%).

Imports of Copper; Bars, Rods and Profiles, of Refined Copper in Nepal

Imports of copper; bars, rods and profiles, of refined coppers into Nepal shrank to 99 tons in 2022, reducing by -8.4% against the previous year's figure. In general, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 734% against the previous year. As a result, imports attained the peak of 108 tons, and then reduced in the following year.

In value terms, imports of copper; bars, rods and profiles, of refined coppers reached $1.1M in 2022. Over the period under review, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 1,299% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in years to come.

Import of Copper; Bars, Rods and Profiles, of Refined Copper in Nepal (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India14266.09681,05795.3%
United Arab EmiratesN/AN/A56.929.4-48.3%
China22.88.926.52.8-50.3%
Others32.20.30.2N/A-92.1%
Total19775.21,0521,08976.8%

Top Suppliers of Copper; Bars, Rods and Profiles, of Refined Copper to Nepal in 2022:

  1. India (94.5 tons)
  2. United Arab Emirates (3.0 tons)
  3. China (1.1 tons)

Exports of Copper; Bars, Rods and Profiles, of Refined Copper in Nepal

In 2022, exports of copper; bars, rods and profiles, of refined coppers from Nepal shrank rapidly to 35 kg, with a decrease of -30% on the year before. Over the period under review, exports saw a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of 25%. As a result, the exports reached the peak of 50 kg, and then shrank rapidly in the following year.

In value terms, exports of copper; bars, rods and profiles, of refined coppers fell to $151 in 2022. Overall, exports continue to indicate a precipitous decline.

Export of Copper; Bars, Rods and Profiles, of Refined Copper in Nepal (USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab EmiratesN/AN/A72.012472.2%
Canada35.016887.027.0-8.3%
United States271N/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total306168159151-21.0%

Top Export Markets for Copper; Bars, Rods and Profiles, of Refined Copper from Nepal in 2022:

  1. United Arab Emirates (29.0 kg)
  2. Canada (6.0 kg)

Source: IndexBox Market Intelligence Platform

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