Price for Copper; Bars, Rods and Profiles, of Refined Copper in Turkey - 2024
Contents:
- Price for Copper; Bars, Rods and Profiles, of Refined Copper in Turkey (FOB) - 2024
- Price for Copper; Bars, Rods and Profiles, of Refined Copper in Turkey (CIF) - 2024
- Exports of Copper; Bars, Rods and Profiles, of Refined Copper in Turkey
- Imports of Copper; Bars, Rods and Profiles, of Refined Copper in Turkey
Price for Copper; Bars, Rods and Profiles, of Refined Copper in Turkey (FOB) - 2024
The average export price for copper; bars, rods and profiles, of refined coppers stood at $9,402 per ton in February 2024, shrinking by -11.8% against the previous month. Overall, the export price showed a mild reduction. The growth pace was the most rapid in January 2024 an increase of 20% m-o-m. The export price peaked at $11,503 per ton in April 2023; however, from May 2023 to February 2024, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In February 2024, the country with the highest price was Finland ($28,715 per ton), while the average price for exports to China ($7,687 per ton) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Copper; Bars, Rods and Profiles, of Refined Copper in Turkey (CIF) - 2024
In February 2024, the average import price for copper; bars, rods and profiles, of refined coppers amounted to $9,101 per ton, waning by -1.5% against the previous month. Overall, the import price recorded a perceptible decrease. The most prominent rate of growth was recorded in August 2023 when the average import price increased by 53% against the previous month. As a result, import price reached the peak level of $15,401 per ton. From September 2023 to February 2024, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In February 2024, the country with the highest price was France ($19,746 per ton), while the price for Uzbekistan ($7,688 per ton) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by Iraq (+0.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Copper; Bars, Rods and Profiles, of Refined Copper in Turkey
In 2022, exports of copper; bars, rods and profiles, of refined coppers from Turkey soared to 2.2K tons, growing by 134% on 2021 figures. In general, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of copper; bars, rods and profiles, of refined coppers soared to $22M in 2022. Over the period under review, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Copper; Bars, Rods and Profiles, of Refined Copper in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 149 | 516 | 636 | 3,583 | 188.6% |
| Italy | 30.3 | 391 | 679 | 2,466 | 333.4% |
| Israel | 232 | 745 | 1,096 | 1,986 | 104.6% |
| Denmark | 0.4 | 1.0 | N/A | 1,900 | 1581.0% |
| Bulgaria | 183 | 79.6 | 150 | 1,844 | 116.0% |
| Finland | 54.8 | 29.7 | 20.2 | 1,693 | 213.8% |
| Romania | 274 | 222 | 825 | 1,358 | 70.5% |
| Greece | 380 | 504 | 754 | 1,003 | 38.2% |
| Sweden | 369 | 321 | 299 | 765 | 27.5% |
| Germany | 305 | 94.0 | 333 | 647 | 28.5% |
| Libya | 195 | 7.9 | 88.7 | 638 | 48.5% |
| Lebanon | 392 | 248 | 416 | 464 | 5.8% |
| Poland | 1.5 | 12.3 | 69.9 | 428 | 558.3% |
| Others | 4,097 | 4,651 | 4,843 | 3,399 | -6.0% |
| Total | 6,664 | 7,821 | 10,210 | 22,172 | 49.3% |
Top Export Markets for Copper; Bars, Rods and Profiles, of Refined Copper from Turkey in 2022:
- Spain (386.7 tons)
- Italy (207.1 tons)
- Denmark (200.4 tons)
- Finland (187.6 tons)
- Bulgaria (186.6 tons)
- Israel (164.0 tons)
- Romania (126.2 tons)
- Greece (102.6 tons)
- Sweden (78.6 tons)
- Libya (69.3 tons)
- Germany (60.0 tons)
- Lebanon (47.6 tons)
- Poland (41.4 tons)
Imports of Copper; Bars, Rods and Profiles, of Refined Copper in Turkey
In 2022, the amount of copper; bars, rods and profiles, of refined coppers imported into Turkey declined rapidly to 970 tons, waning by -57.5% on the year before. Overall, imports recorded a sharp downturn. The smallest decline of -22.4% was in 2021.
In value terms, imports of copper; bars, rods and profiles, of refined coppers declined significantly to $11M in 2022. Over the period under review, imports faced a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 3.6% against the previous year.
| Import of Copper; Bars, Rods and Profiles, of Refined Copper in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bulgaria | 9.8 | 9.2 | 6.5 | 3.5 | -29.1% |
| France | 2.0 | 1.2 | 0.9 | 1.6 | -7.2% |
| China | 0.1 | 0.2 | 0.5 | 1.4 | 141.0% |
| Germany | 1.0 | 0.9 | 0.9 | 1.2 | 6.3% |
| United Arab Emirates | N/A | N/A | N/A | 0.9 | 0% |
| Poland | 0.1 | 0.1 | 0.1 | 0.4 | 58.7% |
| Uzbekistan | 13.1 | 8.9 | 11.5 | 0.4 | -68.7% |
| Others | 1.1 | 0.7 | 1.5 | 2.1 | 24.1% |
| Total | 27.2 | 21.2 | 22.0 | 11.4 | -25.2% |
Top Suppliers of Copper; Bars, Rods and Profiles, of Refined Copper to Turkey in 2022:
- Bulgaria (340.9 tons)
- China (144.3 tons)
- France (116.6 tons)
- Germany (85.9 tons)
- United Arab Emirates (82.2 tons)
- Uzbekistan (39.6 tons)
- Poland (28.0 tons)
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