Price for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Iran - 2022

Contents:

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

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

The average export price for copper; cast, moulded, stamped or forged, but not further worked stood at $9,032 per ton in 2022, remaining constant against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 69%. Over the period under review, the average export prices hit record highs at $9,314 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($28,855 per ton), while the average price for exports to the UK ($1,313 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 Switzerland (+6.5%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, the average import price for copper; cast, moulded, stamped or forged, but not further worked amounted to $16,016 per ton, rising by 2.7% against the previous year. Over the period under review, the import price, however, saw a pronounced reduction. The pace of growth was the most pronounced in 2017 when the average import price increased by 81% against the previous year. The import price peaked at $25,916 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($39,852 per ton), while the price for China ($7,575 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+18.0%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the amount of copper; cast, moulded, stamped or forged, but not further worked exported from Iran fell remarkably to 144 tons, with a decrease of -50% against the previous year's figure. In general, exports showed a noticeable setback. The growth pace was the most rapid in 2021 when exports increased by 190% against the previous year. As a result, the exports attained the peak of 288 tons, and then fell significantly in the following year.

In value terms, exports of copper; cast, moulded, stamped or forged, but not further worked contracted sharply to $1.3M in 2022. Over the period under review, exports, however, posted a prominent increase. The pace of growth was the most pronounced in 2021 with an increase of 389%. As a result, the exports attained the peak of $2.6M, and then plummeted in the following year.

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

1. Iraq (97.3 tons)
2. Oman (41.9 tons)
3. United Kingdom (2.4 tons)

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

In 2022, approx. 11 tons of copper; cast, moulded, stamped or forged, but not further worked were imported into Iran; declining by -44.2% against the year before. In general, imports recorded a precipitous setback. The growth pace was the most rapid in 2021 when imports increased by 88%.

In value terms, imports of copper; cast, moulded, stamped or forged, but not further worked dropped notably to $174K in 2022. Overall, imports faced a sharp curtailment. The pace of growth was the most pronounced in 2021 with an increase of 13% against the previous year.

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

1. China (5.5 tons)
2. Turkey (3.5 tons)
3. France (0.9 tons)
4. Italy (0.5 tons)
5. South Korea (0.2 tons)
6. Germany (0.1 tons)

Source: IndexBox Market Intelligence Platform