Price for Copper Plates, Sheets and Strip in Sri Lanka - 2021

Price for Copper Plates, Sheets and Strip in Sri Lanka (CIF) - 2022

The average import price for copper plates, sheets and strips stood at $10,425 per ton in 2022, approximately equating the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2021 an increase of 45%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($117,118 per ton), while the price for Germany ($8,534 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+29.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper Plates, Sheets and Strip in Sri Lanka (FOB) - 2022

The average export price for copper plates, sheets and strips stood at $10,613 per ton in 2022, picking up by 50% against the previous year. Over the period under review, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper plates, sheets and strip export price increased by +97.0% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 India ($10,731 per ton), while the average price for exports to Maldives totaled $6,501 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+3.6%).

Imports of Copper Plates, Sheets and Strip in Sri Lanka

In 2022, imports of copper plates, sheets and strips into Sri Lanka shrank markedly to 322 tons, falling by -27.7% on the year before. Over the period under review, imports saw a deep reduction. The pace of growth appeared the most rapid in 2021 when imports increased by 9.2%.

In value terms, copper plates, sheets and strip imports reduced sharply to $3.4M in 2022. Overall, imports showed a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 58% against the previous year. As a result, imports reached the peak of $4.6M, and then reduced sharply in the following year.

Import of Copper Plates, Sheets and Strip in Sri Lanka (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	1,541	1,177	1,386	1,328	-4.8%
China	920	804	2,067	1,311	12.5%
Germany	397	8.1	42.1	221	-17.7%
Singapore	302	347	260	195	-13.6%
Malaysia	399	188	160	98.8	-37.2%
United Kingdom	55.4	31.1	45.0	80.3	13.2%
Japan	72.7	106	175	79.5	3.0%
Turkey	213	146	417	10.5	-63.3%
Taiwan (Chinese)	244	35.0	2.2	2.0	-79.8%
Others	69.3	76.5	62.4	25.8	-28.1%
Total	4,213	2,918	4,617	3,352	-7.3%

Top Suppliers of Copper Plates, Sheets and Strip to Sri Lanka in 2022:

Taiwan (Chinese) (undefined tons)
India (149.3 tons)
China (107.6 tons)
Germany (25.9 tons)
Singapore (13.3 tons)
Malaysia (9.6 tons)
Japan (7.3 tons)
United Kingdom (6.0 tons)
Turkey (1.4 tons)

Exports of Copper Plates, Sheets and Strip in Sri Lanka

For the third year in a row, Sri Lanka recorded decline in overseas shipments of copper plates, sheets and strips, which decreased by -36.7% to 93 tons in 2022. In general, exports saw a precipitous shrinkage. The smallest decline of -27.5% was in 2021.

In value terms, copper plates, sheets and strip exports reduced to $987K in 2022. Overall, exports saw a significant decrease. The smallest decline of -4.8% was in 2021.