Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Pakistan - 2023

Contents:

  1. Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Pakistan (CIF) - 2023
  2. Imports of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Pakistan

Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Pakistan (CIF) - 2023

The average import price for copper; refined, unwrought, cathodes and sections of cathodeses stood at $8,525 per ton in December 2023, approximately reflecting the previous month. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 25% against the previous month. The import price peaked at $9,059 per ton in May 2023; however, from June 2023 to December 2023, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In December 2023, the countries with the highest prices were Democratic Republic of the Congo ($8,841 per ton) and China ($8,647 per ton), while the price for Zambia ($8,476 per ton) and Tanzania ($8,530 per ton) were amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by South Korea (+46.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, imports of copper; refined, unwrought, cathodes and sections of cathodeses into Pakistan surged to 27K tons, jumping by 30% on the previous year's figure. The total import volume increased at an average annual rate of +9.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of copper; refined, unwrought, cathodes and sections of cathodeses skyrocketed to $245M in 2022. Overall, imports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 56%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Pakistan (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Zambia2.919.951.478.8200.6%
Australia2.84.29.710.253.9%
China46.816.612.910.1-40.0%
Taiwan (Chinese)0.41.24.88.7179.1%
Singapore1.72.77.17.463.3%
Tanzania1.21.00.75.970.0%
Malaysia1.02.03.04.160.1%
Oman5.14.53.93.7-10.1%
Myanmar2.82.92.93.24.6%
Germany2.01.91.81.8-3.5%
Congo1.51.52.31.4-2.3%
Switzerland1.73.22.81.0-16.2%
Others58.255.279.110822.9%
Total12811718224524.2%

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

  1. Zambia (8.2K tons)
  2. Australia (1.2K tons)
  3. Taiwan (Chinese) (1.0K tons)
  4. China (1.0K tons)
  5. Myanmar (0.8K tons)
  6. Singapore (0.8K tons)
  7. Tanzania (0.6K tons)
  8. Malaysia (0.6K tons)
  9. Oman (0.5K tons)
  10. Germany (0.3K tons)
  11. Congo (0.2K tons)
  12. Switzerland (0.1K tons)

Source: IndexBox Market Intelligence Platform

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