Price for Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Turkey - 2024
Contents:
- Price for Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Turkey (FOB) - 2024
- Price for Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Turkey (CIF) - 2024
- Exports of Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Turkey
- Imports of Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Turkey
Price for Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Turkey (FOB) - 2024
In March 2024, the average export price for copper; copper-zinc base alloys (brass) unwroughts amounted to $6,704 per ton, surging by 9.7% against the previous month. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2024 when the average export price increased by 20% m-o-m. The export price peaked at $7,668 per ton in June 2023; however, from July 2023 to March 2024, the export prices remained at a lower figure.
Average prices varied somewhat for the major external markets. In March 2024, the highest price was recorded for prices to France ($7,442 per ton) and Italy ($7,186 per ton), while the average price for exports to Egypt ($5,823 per ton) and Spain ($6,387 per ton) were amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+0.2%), while the prices for the other major destinations experienced a decline.
Price for Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Turkey (CIF) - 2024
In March 2024, the average import price for copper; copper-zinc base alloys (brass) unwroughts amounted to $6,498 per ton, standing approximately at the previous month. Over the period under review, the import price showed a perceptible shrinkage. The most prominent rate of growth was recorded in December 2023 when the average import price increased by 13% month-to-month. Over the period under review, average import prices attained the peak figure at $8,361 per ton in March 2023; however, from April 2023 to March 2024, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($13,603 per ton), while the price for Iran ($5,553 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by the Czech Republic (+0.4%), while the prices for the other major suppliers experienced a decline.
Exports of Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Turkey
After three years of growth, overseas shipments of copper; copper-zinc base alloys (brass) unwroughts decreased by -4.2% to 31K tons in 2022. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 152% against the previous year. As a result, the exports reached the peak of 33K tons, and then contracted modestly in the following year.
In value terms, exports of copper; copper-zinc base alloys (brass) unwroughts expanded modestly to $221M in 2022. Over the period under review, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 262% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 10.1 | 10.6 | 71.8 | 79.0 | 98.5% |
| China | 3.6 | 9.9 | 21.8 | 14.1 | 57.6% |
| Spain | 0.4 | 1.2 | 3.1 | 9.0 | 182.3% |
| Germany | 2.9 | 5.1 | 5.4 | 3.8 | 9.4% |
| Others | 24.1 | 31.6 | 109 | 116 | 68.8% |
| Total | 41.0 | 58.4 | 211 | 221 | 75.3% |
Top Export Markets for Copper; Copper-Zinc Base Alloys (Brass) Unwrought from Turkey in 2022:
- Italy (10.8K tons)
- China (2.5K tons)
- Spain (1.3K tons)
- Germany (0.5K tons)
Imports of Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Turkey
In 2022, after three years of growth, there was significant decline in supplies from abroad of copper; copper-zinc base alloys (brass) unwroughts, when their volume decreased by -15.3% to 12K tons. In general, imports, however, recorded a significant increase. The growth pace was the most rapid in 2020 when imports increased by 153%.
In value terms, imports of copper; copper-zinc base alloys (brass) unwroughts declined to $78M in 2022. Overall, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 168%.
| Import of Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | 2.8 | 6.7 | 21.7 | 23.8 | 104.1% |
| Turkmenistan | N/A | 3.5 | 13.6 | 5.3 | 23.1% |
| Azerbaijan | 0.6 | 0.5 | 4.0 | 2.7 | 65.1% |
| Iraq | 1.1 | 5.8 | 0.4 | 2.4 | 29.7% |
| Italy | 0.2 | 0.7 | 2.2 | 1.1 | 76.5% |
| Kazakhstan | 0.2 | 0.3 | 0.1 | 0.9 | 65.1% |
| Algeria | N/A | N/A | N/A | 0.8 | 0% |
| Syrian Arab Republic | 1.6 | 1.9 | 0.5 | 0.5 | -32.1% |
| Russia | 0.3 | N/A | N/A | 0.4 | 10.1% |
| Others | 8.2 | 20.8 | 46.2 | 40.3 | 70.0% |
| Total | 15.0 | 40.3 | 88.6 | 78.2 | 73.4% |
Top Suppliers of Copper; Copper-Zinc Base Alloys (Brass) Unwrought to Turkey in 2022:
- Iran (3.6K tons)
- Turkmenistan (0.9K tons)
- Azerbaijan (0.5K tons)
- Iraq (0.3K tons)
- Kazakhstan (0.2K tons)
- Algeria (0.1K tons)
- Syrian Arab Republic (0.1K tons)
- Italy (0.1K tons)
- Russia (0.1K tons)
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