Price for Copper; Refined, Unwrought, Billets in South Africa - 2023

Contents:

  1. Price for Copper; Refined, Unwrought, Billets in South Africa (CIF) - 2022
  2. Price for Copper; Refined, Unwrought, Billets in South Africa (FOB) - 2023
  3. Imports of Copper; Refined, Unwrought, Billets in South Africa
  4. Exports of Copper; Refined, Unwrought, Billets in South Africa

Price for Copper; Refined, Unwrought, Billets in South Africa (CIF) - 2022

In 2022, the average copper; refined, unwrought, billets import price amounted to $5,846 per ton, which is down by -2.2% against the previous year. Over the period under review, the import price showed a noticeable descent. The pace of growth appeared the most rapid in 2018 an increase of 63% against the previous year. The import price peaked at $7,564 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Zambia ($72,865 per ton), while the price for Botswana ($2,915 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+80.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper; Refined, Unwrought, Billets in South Africa (FOB) - 2023

In September 2023, the average copper; refined, unwrought, billets export price amounted to $7,761 per ton, approximately reflecting the previous month. Overall, the export price showed a mild decrease. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 9.7% month-to-month. The export price peaked at $8,697 per ton in February 2023; however, from March 2023 to September 2023, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From February 2023 to September 2023, the rate of growth in terms of prices for China amounted to -1.6% per month.

Imports of Copper; Refined, Unwrought, Billets in South Africa

In 2022, approx. 76 tons of copper; refined, unwrought, billetses were imported into South Africa; increasing by 9.2% compared with the previous year. Over the period under review, imports, however, saw a abrupt contraction.

In value terms, copper; refined, unwrought, billets imports expanded remarkably to $446K in 2022. Overall, imports, however, recorded a deep setback.

Import of Copper; Refined, Unwrought, Billets in South Africa (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany44454.2176170-27.4%
Botswana177139116121-11.9%
Zimbabwe15676.931.856.6-28.7%
Others42.412193.397.832.1%
Total819391417446-18.3%

Top Suppliers of Copper; Refined, Unwrought, Billets to South Africa in 2022:

  1. Botswana (41.7 tons)
  2. Zimbabwe (7.0 tons)
  3. Germany (2.4 tons)

Exports of Copper; Refined, Unwrought, Billets in South Africa

In 2022, approx. 356 tons of copper; refined, unwrought, billetses were exported from South Africa; with an increase of 73% against the previous year's figure. Overall, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, copper; refined, unwrought, billets exports soared to $3.2M in 2022. Over the period under review, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Copper; Refined, Unwrought, Billets in South Africa (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Tanzania50.618416616548.3%
Taiwan (Chinese)15077.883.197.9-13.3%
Belgium12250.943.741.4-30.2%
Others4708131,3062,91983.8%
Total7931,1251,5983,22259.6%

Top Export Markets for Copper; Refined, Unwrought, Billets from South Africa in 2022:

  1. Tanzania (54.0 tons)
  2. Belgium (1.7 tons)
  3. Taiwan (Chinese) (0.7 tons)

Source: IndexBox Market Intelligence Platform

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