Price for Copper; Bars, Rods and Profiles, of Refined Copper in Pakistan - 2023
Contents:
- Price for Copper; Bars, Rods and Profiles, of Refined Copper in Pakistan (FOB) - 2023
- Price for Copper; Bars, Rods and Profiles, of Refined Copper in Pakistan (CIF) - 2022
- Exports of Copper; Bars, Rods and Profiles, of Refined Copper in Pakistan
- Imports of Copper; Bars, Rods and Profiles, of Refined Copper in Pakistan
Price for Copper; Bars, Rods and Profiles, of Refined Copper in Pakistan (FOB) - 2023
In August 2023, the average export price for copper; bars, rods and profiles, of refined coppers amounted to $6,836 per ton, reducing by -4.5% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 when the average export price increased by 5.4% against the previous month. The export price peaked at $7,363 per ton in March 2023; however, from April 2023 to August 2023, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for China.
From August 2022 to August 2023, the rate of growth in terms of prices for China amounted to -0.5% per month.
Price for Copper; Bars, Rods and Profiles, of Refined Copper in Pakistan (CIF) - 2022
The average import price for copper; bars, rods and profiles, of refined coppers stood at $10,198 per ton in 2022, growing by 2.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2021 an increase of 37% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Malaysia ($10,508 per ton) and the United Arab Emirates ($8,909 per ton), while the price for Turkey ($8,262 per ton) and China ($8,427 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Copper; Bars, Rods and Profiles, of Refined Copper in Pakistan
After three years of growth, shipments abroad of copper; bars, rods and profiles, of refined coppers decreased by -79% to 1.1K tons in 2022. In general, exports saw a dramatic decline. The growth pace was the most rapid in 2020 with an increase of 20% against the previous year.
In value terms, exports of copper; bars, rods and profiles, of refined coppers fell dramatically to $8.2M in 2022. Over the period under review, exports continue to indicate a sharp curtailment. The growth pace was the most rapid in 2021 when exports increased by 29% against the previous year. As a result, the exports reached the peak of $29M, and then declined notably in the following year.
| Export of Copper; Bars, Rods and Profiles, of Refined Copper in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 18.1 | 22.3 | 28.7 | 8.2 | -23.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 18.1 | 22.3 | 28.7 | 8.2 | -23.2% |
Top Export Markets for Copper; Bars, Rods and Profiles, of Refined Copper from Pakistan in 2022:
- China (1074.3 tons)
Imports of Copper; Bars, Rods and Profiles, of Refined Copper in Pakistan
Imports of copper; bars, rods and profiles, of refined coppers into Pakistan contracted to 707 tons in 2022, shrinking by -8.6% on 2021. Overall, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +5.9% 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 +36.9% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 50%. As a result, imports reached the peak of 773 tons, and then shrank in the following year.
In value terms, imports of copper; bars, rods and profiles, of refined coppers shrank to $7.2M in 2022. In general, imports, however, showed a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of 105%. As a result, imports reached the peak of $7.7M, and then fell in the following year.
| Import of Copper; Bars, Rods and Profiles, of Refined Copper in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 3.0 | 3.0 | 6.5 | 5.9 | 25.3% |
| United Arab Emirates | 0.4 | 0.2 | 0.3 | 0.8 | 26.0% |
| China | 0.3 | 0.2 | 0.1 | 0.2 | -12.6% |
| Turkey | 0.1 | 0.2 | 0.3 | 0.1 | 0.0% |
| Others | 0.5 | 0.2 | 0.5 | 0.2 | -26.3% |
| Total | 4.4 | 3.7 | 7.7 | 7.2 | 17.8% |
Top Suppliers of Copper; Bars, Rods and Profiles, of Refined Copper to Pakistan in 2022:
- Malaysia (560.7 tons)
- United Arab Emirates (90.4 tons)
- China (27.4 tons)
- Turkey (7.2 tons)
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