Price for Copper; Refined and Copper Alloys, Unwrought in Qatar - 2023

Contents:

1. Price for Copper; Refined and Copper Alloys, Unwrought in Qatar (FOB) - 2023
2. Price for Copper; Refined and Copper Alloys, Unwrought in Qatar (CIF) - 2023
3. Exports of Copper; Refined and Copper Alloys, Unwrought in Qatar
4. Imports of Copper; Refined and Copper Alloys, Unwrought in Qatar

Price for Copper; Refined and Copper Alloys, Unwrought in Qatar (FOB) - 2023

In December 2023, the average export price for copper; refined and copper alloys, unwroughts amounted to $6,890 per ton, reducing by -3.6% against the previous month. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 an increase of 17% m-o-m. As a result, the export price attained the peak level of $7,794 per ton. From May 2023 to December 2023, the the average export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In December 2023, the country with the highest price was China ($6,974 per ton), while the average price for exports to the United Arab Emirates stood at $6,362 per ton.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+4.3%).

Price for Copper; Refined and Copper Alloys, Unwrought in Qatar (CIF) - 2023

The average import price for copper; refined and copper alloys, unwroughts stood at $11,115 per ton in September 2023, stabilizing at the previous month. Overall, the import price showed a tangible increase. The pace of growth was the most pronounced in October 2022 an increase of 30% m-o-m. The import price peaked at $11,293 per ton in June 2023; however, from July 2023 to September 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Italy ($35,643 per ton), while the price for Spain stood at $9,554 per ton.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Malaysia (0.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

For the fourth year in a row, Qatar recorded growth in overseas shipments of copper; refined and copper alloys, unwroughts, which increased by 11% to 18K tons in 2022. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 10,390%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, exports of copper; refined and copper alloys, unwroughts stood at $148M in 2022. Over the period under review, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 8,994% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in years to come.

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

1. China (17.5K tons)
2. India (0.4K tons)
3. United Arab Emirates (0.3K tons)

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

In 2022, purchases abroad of copper; refined and copper alloys, unwroughts decreased by -87.3% to 103 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports faced a drastic downturn. The pace of growth appeared the most rapid in 2020 when imports increased by 522%. As a result, imports reached the peak of 1.2K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of copper; refined and copper alloys, unwroughts dropped markedly to $1M in 2022. In general, imports saw a abrupt curtailment. The pace of growth was the most pronounced in 2020 with an increase of 434% against the previous year.

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

1. Germany (48.0 tons)
2. China (30.0 tons)
3. Spain (22.0 tons)
4. Sweden (2.1 tons)

Source: IndexBox Market Intelligence Platform