Price for Copper; Copper-Tin Base Alloys (Bronze) Unwrought in Turkey - 2024

Contents:

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

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

The average import price for copper; copper-tin base alloys (bronze) unwroughts stood at $8,276 per ton in 2022, waning by -7% against the previous year. In general, the import price continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2016 when the average import price increased by 91%. Over the period under review, average import prices hit record highs at $11,147 per ton in 2014; however, from 2015 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 Italy ($17,186 per ton), while the price for Kazakhstan ($6,946 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for copper; copper-tin base alloys (bronze) unwroughts amounted to $11,200 per ton, increasing by 23% against the previous year. Overall, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.2% 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; copper-tin base alloys (bronze) unwroughts increased by +92.3% against 2017 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 33%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in years to come.

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 Israel ($18,922 per ton), while the average price for exports to Germany ($8,665 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 Israel (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, overseas purchases of copper; copper-tin base alloys (bronze) unwroughts decreased by -14% to 746 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 799%. As a result, imports reached the peak of 867 tons, and then dropped in the following year.

In value terms, imports of copper; copper-tin base alloys (bronze) unwroughts dropped notably to $6.2M in 2022. In general, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 837% against the previous year. As a result, imports reached the peak of $7.7M, and then shrank rapidly in the following year.

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

1. Algeria (269.0 tons)
2. Kazakhstan (40.3 tons)
3. Spain (23.6 tons)
4. Libya (20.6 tons)
5. Germany (8.9 tons)
6. Portugal (5.5 tons)
7. Italy (1.5 tons)

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

In 2022, exports of copper; copper-tin base alloys (bronze) unwroughts from Turkey declined rapidly to 463 tons, waning by -60.5% compared with the previous year. In general, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 86% against the previous year. As a result, the exports attained the peak of 1.2K tons, and then contracted dramatically in the following year.

In value terms, exports of copper; copper-tin base alloys (bronze) unwroughts fell rapidly to $5.2M in 2022. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 147%. As a result, the exports reached the peak of $11M, and then contracted sharply in the following year.

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

1. United Kingdom (42.6 tons)
2. Germany (41.7 tons)
3. Netherlands (34.5 tons)
4. Spain (33.9 tons)
5. Italy (33.7 tons)
6. Greece (20.2 tons)
7. Israel (8.1 tons)

Source: IndexBox Market Intelligence Platform