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

Contents:

1. Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Sri Lanka (CIF) - 2022
2. Imports of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Sri Lanka

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

The average import price for copper; refined, unwrought, cathodes and sections of cathodeses stood at $10,745 per ton in 2022, surging by 10% against the previous year. Over the period under review, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.9% 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 +75.6% against 2019 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 51%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.

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 Germany ($16,804 per ton), while the price for Japan ($9,262 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+15.4%), 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 Sri Lanka

In 2022, imports of copper; refined, unwrought, cathodes and sections of cathodeses into Sri Lanka dropped to 3.9K tons, falling by -1.7% compared with 2021. In general, imports recorded a abrupt descent.

In value terms, imports of copper; refined, unwrought, cathodes and sections of cathodeses rose significantly to $42M in 2022. The total import value increased at an average annual rate of +8.2% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 13%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.

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

1. Japan (2219.4 tons)
2. China (1058.2 tons)
3. Germany (574.3 tons)

Source: IndexBox Market Intelligence Platform