Price for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Ghana - 2023

Contents:

1. Price for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Ghana (CIF) - 2022
2. Price for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Ghana (FOB) - 2022
3. Imports of Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Ghana
4. Exports of Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Ghana

Price for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Ghana (CIF) - 2022

In 2022, the average import price for copper; cast, moulded, stamped or forged, but not further worked amounted to $5,569 per ton, jumping by 17% against the previous year. Over the period under review, the import price recorded a tangible expansion. The pace of growth was the most pronounced in 2015 when the average import price increased by 48%. Over the period under review, average import prices attained the maximum at $13,765 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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 ($9,375 per ton), while the price for China ($1,784 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+16.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Ghana (FOB) - 2022

In 2021, the average export price for copper; cast, moulded, stamped or forged, but not further worked amounted to $17,667 per ton, reducing by -78.4% against the previous year. In general, the export price showed a abrupt curtailment. The growth pace was the most rapid in 2016 an increase of 12% against the previous year. The export price peaked at $81,857 per ton in 2020, and then dropped dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($96,000 per ton), while the average price for exports to Germany amounted to $2,000 per ton.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+8.8%).

Imports of Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Ghana

In 2022, purchases abroad of copper; cast, moulded, stamped or forged, but not further worked decreased by -69.8% to 2.6 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports faced a abrupt setback.

In value terms, imports of copper; cast, moulded, stamped or forged, but not further worked reduced markedly to $15K in 2022. Over the period under review, imports recorded a precipitous shrinkage.

Top Suppliers of Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked to Ghana in 2022:

1. Denmark (1096.0 kg)
2. Finland (628.0 kg)
3. China (458.0 kg)
4. United States (274.0 kg)
5. India (64.0 kg)
6. Singapore (40.0 kg)
7. United Kingdom (31.0 kg)

Exports of Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Ghana

In 2021, the amount of copper; cast, moulded, stamped or forged, but not further worked exported from Ghana shrank rapidly to 6 kg, with a decrease of -57.1% against the year before. Over the period under review, exports faced a sharp reduction.

In value terms, exports of copper; cast, moulded, stamped or forged, but not further worked dropped notably to $106 in 2021. In general, exports recorded a precipitous decrease.

Top Export Markets for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked from Ghana in 2022:

1. Germany (5.0 kg)
2. United Kingdom (1.0 kg)

Source: IndexBox Market Intelligence Platform