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

Contents:

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

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

In 2022, the average import price for copper; refined, unwrought, cathodes and sections of cathodeses amounted to $9,277 per ton, picking up by 2% against the previous year. In general, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for copper; refined, unwrought, cathodes and sections of cathodeses increased by +51.3% against 2019 indices. The growth pace was the most rapid in 2021 an increase of 46%. The import price peaked in 2022 and is expected to retain growth in years to come.

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 South Africa ($16,301 per ton), while the price for Zambia ($3,961 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+21.3%), 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 Oman (FOB) - 2022

In 2022, the average export price for copper; refined, unwrought, cathodes and sections of cathodeses amounted to $8,791 per ton, falling by -4% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 53% against the previous year. As a result, the export price reached the peak level of $9,156 per ton, and then shrank modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($39,271 per ton), while the average price for exports to India ($942 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+17.5%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, approx. 23K tons of copper; refined, unwrought, cathodes and sections of cathodeses were imported into Oman; with an increase of 5.3% on 2021 figures. In general, imports, however, recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2020 when imports increased by 7.3% against the previous year. As a result, imports attained the peak of 28K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of copper; refined, unwrought, cathodes and sections of cathodeses expanded significantly to $212M in 2022. The total import value increased at an average annual rate of +9.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 13%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in years to come.

Import of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Oman (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab Emirates42.950.848.648.94.5%
Tanzania30.017.36.934.64.9%
Russia1.19.221.214.6136.8%
South Africa5.06.412.911.632.4%
Zambia4.45.27.37.519.5%
Iran4.24.74.44.63.1%
India2.72.73.22.81.2%
Netherlands11.713.73.00.5-65.0%
Others58.464.589.686.814.1%
Total1601751972129.8%

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

  1. United Arab Emirates (5.1K tons)
  2. Tanzania (3.6K tons)
  3. Zambia (1.9K tons)
  4. Russia (1.5K tons)
  5. South Africa (0.7K tons)
  6. Iran (0.6K tons)
  7. India (0.4K tons)

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

For the third consecutive year, Oman recorded decline in shipments abroad of copper; refined, unwrought, cathodes and sections of cathodeses, which decreased by -89.2% to 150 tons in 2022. Overall, exports saw a significant decrease. The smallest decline of -16.3% was in 2020.

In value terms, exports of copper; refined, unwrought, cathodes and sections of cathodeses shrank dramatically to $1.3M in 2022. In general, exports recorded a sharp descent. The pace of growth was the most pronounced in 2021 with an increase of 5.8% against the previous year.

Export of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Oman (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Saudi Arabia6.04.14.70.6-53.6%
United Arab Emirates1.71.42.70.3-43.9%
Pakistan2.61.31.10.1-66.2%
China3.42.61.50.1-69.1%
OthersN/A2.62.70.3-66.0%
Total13.711.912.61.3-54.4%

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

  1. United Arab Emirates (52.0 tons)
  2. Pakistan (19.0 tons)
  3. Saudi Arabia (15.0 tons)
  4. China (11.2 tons)

Source: IndexBox Market Intelligence Platform

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