Price for Copper; Refined, Unwrought, Wire-Bars in Angola - 2022

Contents:

1. Price for Copper; Refined, Unwrought, Wire-Bars in Angola (CIF) - 2022
2. Price for Copper; Refined, Unwrought, Wire-Bars in Angola (FOB) - 2022
3. Imports of Copper; Refined, Unwrought, Wire-Bars in Angola
4. Exports of Copper; Refined, Unwrought, Wire-Bars in Angola

Price for Copper; Refined, Unwrought, Wire-Bars in Angola (CIF) - 2022

In 2022, the average copper; refined, unwrought, wire-bars import price amounted to $2,857 per ton, rising by 20% against the previous year. Over the period under review, the import price, however, showed a pronounced setback. The growth pace was the most rapid in 2019 when the average import price increased by 36%. As a result, import price attained the peak level of $4,955 per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Portugal ($2,905 per ton), while the price for Namibia totaled $2,841 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (+9.0%), while the prices for the other major suppliers experienced a decline.

Price for Copper; Refined, Unwrought, Wire-Bars in Angola (FOB) - 2022

The average copper; refined, unwrought, wire-bars export price stood at $7,556 per ton in 2022, shrinking by -14.2% against the previous year. Overall, export price indicated a strong expansion from 2019 to 2022: its price increased at an average annual rate of +10.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper; refined, unwrought, wire-bars export price increased by +35.1% against 2019 indices. The growth pace was the most rapid in 2021 an increase of 42% against the previous year. As a result, the export price reached the peak level of $8,806 per ton, and then declined in the following year.

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

From 2019 to 2022, the rate of growth in terms of prices for China amounted to +10.5% per year.

Imports of Copper; Refined, Unwrought, Wire-Bars in Angola

In 2022, after three years of growth, there was significant decline in purchases abroad of copper; refined, unwrought, wire-barses, when their volume decreased by -20% to 84 kg. In general, imports, however, showed a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 57%.

In value terms, copper; refined, unwrought, wire-bars imports reduced modestly to $240 in 2022. The total import value increased at an average annual rate of +3.3% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 10%. As a result, imports attained the peak of $251, and then dropped in the following year.

Top Suppliers of Copper; Refined, Unwrought, Wire-Bars to Angola in 2022:

1. Namibia (63.0 kg)
2. Portugal (21.0 kg)

Exports of Copper; Refined, Unwrought, Wire-Bars in Angola

After three years of growth, overseas shipments of copper; refined, unwrought, wire-barses decreased by -4.1% to 1.4K tons in 2022. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 311% against the previous year.

In value terms, copper; refined, unwrought, wire-bars exports shrank sharply to $11M in 2022. Over the period under review, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 355% against the previous year.

Top Export Markets for Copper; Refined, Unwrought, Wire-Bars from Angola in 2022:

1. China (1.4K tons)

Source: IndexBox Market Intelligence Platform