Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Bahrain - 2022

Contents:

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

Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Bahrain (CIF) - 2022

In 2022, the average import price for copper; refined, unwrought, cathodes and sections of cathodeses amounted to $9,086 per ton, declining by -3.2% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 33% against the previous year. As a result, import price attained the peak level of $9,386 per ton, and then contracted in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were South Africa ($10,331 per ton) and Tanzania ($10,267 per ton), while the price for Democratic Republic of the Congo ($8,740 per ton) and Zambia ($9,003 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+30.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Bahrain (FOB) - 2022

In 2022, the average export price for copper; refined, unwrought, cathodes and sections of cathodeses amounted to $28,752 per ton, picking up by 49% against the previous year. Overall, the export price showed a buoyant increase. The growth pace was the most rapid in 2021 an increase of 74%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to +15.2% per year.

Imports of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Bahrain

After three years of growth, purchases abroad of copper; refined, unwrought, cathodes and sections of cathodeses decreased by -16.1% to 14K tons in 2022. Overall, imports, however, saw a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 90%. As a result, imports reached the peak of 16K tons, and then fell remarkably in the following year.

In value terms, imports of copper; refined, unwrought, cathodes and sections of cathodeses contracted remarkably to $123M in 2022. Over the period under review, imports, however, saw a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 153%. As a result, imports attained the peak of $151M, and then contracted dramatically in the following year.

Top Suppliers of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes to Bahrain in 2022:

1. Zambia (3.8K tons)
2. Democratic Republic of the Congo (2.0K tons)
3. United Arab Emirates (0.4K tons)
4. Kazakhstan (0.4K tons)
5. South Africa (0.3K tons)
6. Tanzania (0.1K tons)

Exports of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Bahrain

In 2022, shipments abroad of copper; refined, unwrought, cathodes and sections of cathodeses decreased by -1.3% to 661 kg, falling for the second consecutive year after two years of growth. In general, exports faced a precipitous decline. The pace of growth was the most pronounced in 2020 with an increase of 26%. As a result, the exports attained the peak of 2.3 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of copper; refined, unwrought, cathodes and sections of cathodeses surged to $19K in 2022. Over the period under review, total exports indicated a mild expansion from 2019 to 2022: its value increased at an average annual rate of +1.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -26.5% against 2020 indices.

Top Export Markets for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes from Bahrain in 2022:

1. Saudi Arabia (661.0 kg)

Source: IndexBox Market Intelligence Platform