Price for Copper; Refined and Copper Alloys, Unwrought in Bahrain - 2022

Contents:

1. Price for Copper; Refined and Copper Alloys, Unwrought in Bahrain (CIF) - 2022
2. Price for Copper; Refined and Copper Alloys, Unwrought in Bahrain (FOB) - 2022
3. Imports of Copper; Refined and Copper Alloys, Unwrought in Bahrain
4. Exports of Copper; Refined and Copper Alloys, Unwrought in Bahrain

Price for Copper; Refined and Copper Alloys, Unwrought in Bahrain (CIF) - 2022

The average import price for copper; refined and copper alloys, unwroughts stood at $9,897 per ton in 2022, increasing by 5.7% against the previous year. In general, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for copper; refined and copper alloys, unwroughts increased by +100.7% against 2016 indices. The pace of growth appeared the most rapid in 2021 an increase of 35% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($11,481 per ton), while the price for China ($4,969 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+39.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper; Refined and Copper Alloys, Unwrought in Bahrain (FOB) - 2022

In 2022, the average export price for copper; refined and copper alloys, unwroughts amounted to $3,923 per ton, rising by 4.6% against the previous year. In general, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.9% 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; refined and copper alloys, unwroughts decreased by -20.3% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 88%. As a result, the export price reached the peak level of $5,458 per ton. From 2018 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($6,610 per ton), while the average price for exports to Saudi Arabia ($1,269 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 Germany (+1.0%), while the prices for the other major destinations experienced a decline.

Imports of Copper; Refined and Copper Alloys, Unwrought in Bahrain

After three years of growth, purchases abroad of copper; refined and copper alloys, unwroughts decreased by -12.7% to 7.1K tons in 2022. Overall, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 84% against the previous year. As a result, imports attained the peak of 8.2K tons, and then declined in the following year.

In value terms, imports of copper; refined and copper alloys, unwroughts contracted to $71M in 2022. In general, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 148%. As a result, imports attained the peak of $76M, and then reduced in the following year.

Top Suppliers of Copper; Refined and Copper Alloys, Unwrought to Bahrain in 2022:

1. Zambia (3924.9 tons)
2. Democratic Republic of the Congo (2023.2 tons)
3. Kazakhstan (378.4 tons)
4. Russia (333.1 tons)
5. South Africa (256.9 tons)
6. Tanzania (131.8 tons)
7. China (40.7 tons)

Exports of Copper; Refined and Copper Alloys, Unwrought in Bahrain

In 2022, overseas shipments of copper; refined and copper alloys, unwroughts decreased by -45.2% to 81 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 77%.

In value terms, exports of copper; refined and copper alloys, unwroughts reduced remarkably to $319K in 2022. In general, exports, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2020 when exports increased by 80%.

Top Export Markets for Copper; Refined and Copper Alloys, Unwrought from Bahrain in 2022:

1. India (43.9 tons)
2. United Arab Emirates (26.4 tons)
3. Saudi Arabia (9.6 tons)
4. Oman (1.4 tons)

Source: IndexBox Market Intelligence Platform