Price for Copper; Refined and Copper Alloys, Unwrought in Sri Lanka - 2022
Contents:
- Price for Copper; Refined and Copper Alloys, Unwrought in Sri Lanka (FOB) - 2022
- Price for Copper; Refined and Copper Alloys, Unwrought in Sri Lanka (CIF) - 2022
- Exports of Copper; Refined and Copper Alloys, Unwrought in Sri Lanka
- Imports of Copper; Refined and Copper Alloys, Unwrought in Sri Lanka
Price for Copper; Refined and Copper Alloys, Unwrought in Sri Lanka (FOB) - 2022
The average export price for copper; refined and copper alloys, unwroughts stood at $6,344 per ton in 2022, surging by 3.8% against the previous year. Overall, the export price, however, showed a mild reduction. The most prominent rate of growth was recorded in 2021 an increase of 51% against the previous year. The export price peaked at $7,566 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Vietnam ($6,513 per ton) and India ($6,494 per ton), while the average price for exports to China ($5,976 per ton) and Taiwan (Chinese) ($6,403 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+2.1%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Copper; Refined and Copper Alloys, Unwrought in Sri Lanka (CIF) - 2022
In 2022, the average import price for copper; refined and copper alloys, unwroughts amounted to $9,692 per ton, therefore, remained relatively stable against the previous year. Over the period under review, the import price, however, recorded a slight setback. The import price peaked at $10,924 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
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 China ($28,549 per ton), while the price for Japan ($6,930 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+14.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Copper; Refined and Copper Alloys, Unwrought in Sri Lanka
In 2022, overseas shipments of copper; refined and copper alloys, unwroughts decreased by -11.2% to 1.4K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +5.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 with an increase of 22% against the previous year.
In value terms, exports of copper; refined and copper alloys, unwroughts dropped to $9.1M in 2022. In general, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +18.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +68.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 62% against the previous year. As a result, the exports reached the peak of $9.9M, and then declined in the following year.
| Export of Copper; Refined and Copper Alloys, Unwrought in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 0.1 | 0.7 | 4.2 | 4.6 | 258.3% |
| India | 4.8 | 1.7 | 2.2 | 2.6 | -18.5% |
| China | 0.3 | 3.3 | 3.4 | 1.8 | 81.7% |
| Vietnam | 0.2 | 0.2 | 0.2 | 0.1 | -20.6% |
| Others | N/A | 0.2 | N/A | N/A | 0% |
| Total | 5.4 | 6.1 | 9.9 | 9.1 | 19.0% |
Top Export Markets for Copper; Refined and Copper Alloys, Unwrought from Sri Lanka in 2022:
- Taiwan (Chinese) (712.2 tons)
- India (394.6 tons)
- China (305.9 tons)
- Vietnam (21.6 tons)
Imports of Copper; Refined and Copper Alloys, Unwrought in Sri Lanka
For the third consecutive year, Sri Lanka recorded decline in overseas purchases of copper; refined and copper alloys, unwroughts, which decreased by -2.9% to 62 tons in 2022. In general, imports recorded a slight decrease. The smallest decline of -0.6% was in 2021.
In value terms, imports of copper; refined and copper alloys, unwroughts contracted modestly to $599K in 2022. Overall, imports saw a pronounced downturn.
| Import of Copper; Refined and Copper Alloys, Unwrought in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 36.1 | 49.4 | 142 | 225 | 84.0% |
| Japan | 343 | 90.3 | 161 | 209 | -15.2% |
| Germany | 3.6 | 10.7 | 68.1 | 96.0 | 198.8% |
| Singapore | 0.2 | 0.3 | 0.7 | 20.1 | 364.9% |
| Spain | 1.7 | 10.3 | 31.4 | 8.6 | 71.7% |
| Australia | 59.5 | 125 | 111 | 3.2 | -62.3% |
| Russia | 164 | 299 | N/A | N/A | 82.3% |
| Switzerland | N/A | N/A | 53.4 | N/A | 0% |
| Others | 33.3 | 41.0 | 44.7 | 37.2 | 3.8% |
| Total | 641 | 627 | 613 | 599 | -2.2% |
Top Suppliers of Copper; Refined and Copper Alloys, Unwrought to Sri Lanka in 2022:
- Japan (30.2 tons)
- India (20.4 tons)
- Germany (6.5 tons)
- Singapore (1.9 tons)
- Spain (0.7 tons)
- Australia (0.2 tons)
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