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

Contents:

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

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

The average export price for copper; cast, moulded, stamped or forged, but not further worked stood at $13,428 per ton in 2022, jumping by 37% against the previous year. Over the period under review, the export price recorded a perceptible increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 160%. Over the period under review, the average export prices reached the maximum at $16,010 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($43,000 per ton), while the average price for exports to Finland ($1,825 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 Italy (+23.1%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for copper; cast, moulded, stamped or forged, but not further worked amounted to $7,144 per ton, almost unchanged from the previous year. Overall, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for copper; cast, moulded, stamped or forged, but not further worked increased by +17.7% against 2020 indices. The pace of growth was the most pronounced in 2015 an increase of 23% against the previous year. Over the period under review, average import prices hit record highs at $10,184 per ton in 2016; however, from 2017 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 China ($7,207 per ton), while the price for India stood at $3,091 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+29.9%), 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 Nepal

For the fourth consecutive year, Nepal recorded growth in overseas shipments of copper; cast, moulded, stamped or forged, but not further worked, which increased by 101% to 2.1 tons in 2022. Over the period under review, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 190% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, exports of copper; cast, moulded, stamped or forged, but not further worked surged to $28K in 2022. In general, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. United States (1419.0 kg)
2. United Kingdom (477.0 kg)
3. Finland (40.0 kg)
4. Bhutan (36.0 kg)
5. Germany (35.0 kg)
6. Italy (32.0 kg)

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

In 2022, imports of copper; cast, moulded, stamped or forged, but not further worked into Nepal stood at 3.5 tons, standing approx. at 2021. In general, imports, however, showed a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by 142% against the previous year.

In value terms, imports of copper; cast, moulded, stamped or forged, but not further worked stood at $25K in 2022. Over the period under review, imports, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 184% against the previous year.

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

1. China (3.4 tons)
2. India (0.1 tons)

Source: IndexBox Market Intelligence Platform