Price for Copper; Copper-Tin Base Alloys (Bronze) Unwrought in Tanzania - 2023

Contents:

1. Price for Copper; Copper-Tin Base Alloys (Bronze) Unwrought in Tanzania (CIF) - 2022
2. Price for Copper; Copper-Tin Base Alloys (Bronze) Unwrought in Tanzania (FOB) - 2022
3. Imports of Copper; Copper-Tin Base Alloys (Bronze) Unwrought in Tanzania
4. Exports of Copper; Copper-Tin Base Alloys (Bronze) Unwrought in Tanzania

Price for Copper; Copper-Tin Base Alloys (Bronze) Unwrought in Tanzania (CIF) - 2022

The average import price for copper; copper-tin base alloys (bronze) unwroughts stood at $12,763 per ton in 2022, increasing by 39% against the previous year. In general, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the average import price increased by 48%. Over the period under review, average import prices hit record highs at $14,790 per ton in 2019; however, from 2020 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 South Africa ($14,615 per ton), while the price for China ($424 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+1.2%), while the prices for the other major suppliers experienced a decline.

Price for Copper; Copper-Tin Base Alloys (Bronze) Unwrought in Tanzania (FOB) - 2022

In 2022, the average export price for copper; copper-tin base alloys (bronze) unwroughts amounted to $105,208 per ton, jumping by 633% against the previous year. In general, the export price continues to indicate significant growth. The pace of growth appeared the most rapid in 2019 when the average export price increased by 1,765% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($153,710 per ton), while the average price for exports to the United States ($14,600 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-4.2%).

Imports of Copper; Copper-Tin Base Alloys (Bronze) Unwrought in Tanzania

In 2022, overseas purchases of copper; copper-tin base alloys (bronze) unwroughts decreased by -56.7% to 5.9 tons, falling for the second year in a row after two years of growth. Overall, imports faced a sharp reduction. The most prominent rate of growth was recorded in 2020 with an increase of 19% against the previous year. As a result, imports reached the peak of 14 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of copper; copper-tin base alloys (bronze) unwroughts reduced dramatically to $75K in 2022. Over the period under review, imports faced a dramatic contraction. The smallest decline of -7.2% was in 2020.

Top Suppliers of Copper; Copper-Tin Base Alloys (Bronze) Unwrought to Tanzania in 2022:

1. South Africa (2.4 tons)
2. India (0.7 tons)
3. China (0.2 tons)

Exports of Copper; Copper-Tin Base Alloys (Bronze) Unwrought in Tanzania

After two years of decline, shipments abroad of copper; copper-tin base alloys (bronze) unwroughts decreased by -62.2% to 48 kg in 2022. In general, exports faced a dramatic decline.

In value terms, exports of copper; copper-tin base alloys (bronze) unwroughts soared to $5K in 2022. Over the period under review, exports, however, showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Copper; Copper-Tin Base Alloys (Bronze) Unwrought from Tanzania in 2022:

1. Singapore (31.0 kg)
2. France (6.0 kg)
3. United States (5.0 kg)

Source: IndexBox Market Intelligence Platform