Price for Copper; Refined, Unwrought, Billets in Ghana - 2023
Contents:
- Price for Copper; Refined, Unwrought, Billets in Ghana (CIF) - 2022
- Imports of Copper; Refined, Unwrought, Billets in Ghana
Price for Copper; Refined, Unwrought, Billets in Ghana (CIF) - 2022
The average copper; refined, unwrought, billets import price stood at $18,436 per ton in 2022, picking up by 38% against the previous year. In general, the import price enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 an increase of 130% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +37.8% per year.
Imports of Copper; Refined, Unwrought, Billets in Ghana
In 2022, supplies from abroad of copper; refined, unwrought, billetses decreased by -13.2% to 1.4K tons, falling for the second consecutive year after two years of growth. In general, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +13.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -24.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 96%. As a result, imports attained the peak of 1.8K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, copper; refined, unwrought, billets imports surged to $25M in 2022. Over the period under review, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 99.9%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Copper; Refined, Unwrought, Billets in Ghana (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.3 | 10.5 | N/A | 25.3 | 68.4% |
| South Africa | N/A | N/A | 4.6 | N/A | 0% |
| Ukraine | N/A | N/A | 16.4 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 5.4 | 10.5 | 21.1 | 25.3 | 67.3% |
Top Suppliers of Copper; Refined, Unwrought, Billets to Ghana in 2022:
- China (1.4K tons)
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