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

Contents:

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

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

The average import price for copper; cast, moulded, stamped or forged, but not further worked stood at $13,613 per ton in 2022, almost unchanged from the previous year. Over the period under review, the import price, however, continues to indicate a slight descent. The pace of growth was the most pronounced in 2017 an increase of 80%. Over the period under review, average import prices hit record highs at $35,809 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 France ($36,353 per ton), while the price for Spain ($11,468 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+5.5%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for copper; cast, moulded, stamped or forged, but not further worked stood at $16,192 per ton in 2022, picking up by 9.3% against the previous year. Over the period under review, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for copper; cast, moulded, stamped or forged, but not further worked decreased by -2.2% against 2020 indices. The pace of growth appeared the most rapid in 2015 an increase of 69%. The export price peaked at $16,552 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($74,353 per ton), while the average price for exports to the Netherlands ($3,512 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 Germany (+18.9%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the amount of copper; cast, moulded, stamped or forged, but not further worked imported into Morocco amounted to 63 tons, remaining constant against 2021. Over the period under review, imports showed significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 724% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, imports of copper; cast, moulded, stamped or forged, but not further worked amounted to $853K in 2022. In general, imports recorded significant growth. The pace of growth was the most pronounced in 2021 with an increase of 504% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.

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

1. Spain (55.6 tons)
2. Italy (4.7 tons)
3. France (1.8 tons)

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

In 2022, the amount of copper; cast, moulded, stamped or forged, but not further worked exported from Morocco declined dramatically to 4 tons, with a decrease of -25.1% compared with the previous year. In general, exports saw a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of 7.1%.

In value terms, exports of copper; cast, moulded, stamped or forged, but not further worked shrank sharply to $64K in 2022. Overall, exports continue to indicate a deep reduction. The smallest decline of -2.2% was in 2020.

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

1. Spain (1805.0 kg)
2. Mauritania (1002.0 kg)
3. France (433.0 kg)
4. United States (309.0 kg)
5. Saudi Arabia (286.0 kg)
6. Netherlands (121.0 kg)

Source: IndexBox Market Intelligence Platform