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

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

In 2022, the average copper; refined, unwrought, wire-bars import price amounted to $50,792 per ton, picking up by 2.6% against the previous year. Over the period under review, the import price enjoyed a prominent increase. The pace of growth was the most pronounced in 2013 when the average import price increased by 88% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in years to come.

As there is only one major supplying country, the average price level is determined by prices for Germany.

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +12.8% per year.

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

In 2022, copper; refined, unwrought, wire-bars imports into Argentina surged to 1.8 tons, rising by 16% on the previous year. Overall, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +16.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.9% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 16% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, copper; refined, unwrought, wire-bars imports soared to $94K in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +19.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 19%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.