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

Contents:

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

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

In 2022, the average import price for copper; refined and copper alloys, unwroughts amounted to $9,995 per ton, rising by 10% against the previous year. In general, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +2.1% 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 +75.7% against 2019 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 33%. The import price peaked in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($10,437 per ton), while the price for Turkey ($4,078 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for copper; refined and copper alloys, unwroughts amounted to $6,212 per ton, jumping by 17% against the previous year. In general, the export price, however, showed a perceptible contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 326%. As a result, the export price reached the peak level of $28,952 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($12,938 per ton), while the average price for exports to Free Zones ($6,133 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 the United Arab Emirates (+17.3%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, after two years of decline, there was significant growth in overseas purchases of copper; refined and copper alloys, unwroughts, when their volume increased by 121% to 73 tons. Over the period under review, imports, however, continue to indicate a abrupt shrinkage.

In value terms, imports of copper; refined and copper alloys, unwroughts skyrocketed to $729K in 2022. In general, imports saw a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. United Arab Emirates (26.6 tons)
2. Spain (22.3 tons)
3. Italy (11.1 tons)
4. India (5.0 tons)
5. Saudi Arabia (4.4 tons)
6. China (2.1 tons)
7. Turkey (1.2 tons)
8. Germany (0.2 tons)

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

In 2022, overseas shipments of copper; refined and copper alloys, unwroughts decreased by -9.6% to 91 tons, falling for the second year in a row after two years of growth. Overall, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 71%. As a result, the exports attained the peak of 157 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of copper; refined and copper alloys, unwroughts rose significantly to $563K in 2022. Over the period under review, exports, however, saw perceptible growth. The pace of growth appeared the most rapid in 2020 when exports increased by 94% against the previous year. As a result, the exports reached the peak of $946K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

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

1. United Arab Emirates (58.1 tons)
2. China (28.9 tons)
3. Free Zones (3.1 tons)

Source: IndexBox Market Intelligence Platform