Price for Copper Oxides and Hydroxides in South Africa - 2023

Contents:

1. Price for Copper Oxides and Hydroxides in South Africa (CIF) - 2022
2. Price for Copper Oxides and Hydroxides in South Africa (FOB) - 2022
3. Imports of Copper Oxides and Hydroxides in South Africa
4. Exports of Copper Oxides and Hydroxides in South Africa

Price for Copper Oxides and Hydroxides in South Africa (CIF) - 2022

The average copper oxides and hydroxides import price stood at $8,793 per ton in 2022, growing by 7.5% against the previous year. Over the period under review, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper oxides and hydroxides import price increased by +56.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 46% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Norway ($10,056 per ton) and Brazil ($8,663 per ton), while the price for Peru ($7,721 per ton) and the United States ($8,323 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper Oxides and Hydroxides in South Africa (FOB) - 2022

The average copper oxides and hydroxides export price stood at $5,968 per ton in 2022, shrinking by -10.2% against the previous year. In general, the export price, however, continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2021 when the average export price increased by 144%. The export price peaked at $7,757 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zimbabwe ($8,439 per ton), while the average price for exports to the United States ($2,596 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 Mozambique (+13.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Copper Oxides and Hydroxides in South Africa

In 2022, imports of copper oxides and hydroxideses into South Africa fell to 1.5K tons, declining by -8.2% on the year before. Overall, imports continue to indicate a pronounced reduction. The growth pace was the most rapid in 2021 when imports increased by 20%.

In value terms, copper oxides and hydroxides imports contracted modestly to $13M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +8.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 75% against the previous year. As a result, imports attained the peak of $13M, and then reduced slightly in the following year.

Top Suppliers of Copper Oxides and Hydroxides to South Africa in 2022:

1. Australia (895.6 tons)
2. Peru (228.8 tons)
3. Norway (128.9 tons)
4. Brazil (120.0 tons)
5. United States (40.6 tons)
6. Germany (22.4 tons)

Exports of Copper Oxides and Hydroxides in South Africa

Copper oxides and hydroxides exports from South Africa surged to 28 tons in 2022, rising by 19% on the previous year's figure. Over the period under review, exports saw significant growth. The growth pace was the most rapid in 2020 when exports increased by 202%. As a result, the exports attained the peak of 35 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, copper oxides and hydroxides exports reached $167K in 2022. Overall, exports recorded a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 64%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in years to come.

Top Export Markets for Copper Oxides and Hydroxides from South Africa in 2022:

1. Zimbabwe (12.2 tons)
2. Malaysia (9.3 tons)
3. United States (3.3 tons)
4. Democratic Republic of the Congo (2.5 tons)

Source: IndexBox Market Intelligence Platform