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

Contents:

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

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

The average copper; refined, unwrought, wire-bars export price stood at $7,982 per ton in 2022, increasing by 19% against the previous year. Overall, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. 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 +64.4% against 2016 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to +1.2% per year.

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

In 2022, the average copper; refined, unwrought, wire-bars import price amounted to $1,263 per ton, shrinking by -46.7% against the previous year. In general, the import price faced a deep downturn. The most prominent rate of growth was recorded in 2019 when the average import price increased by 250%. The import price peaked at $13,247 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to -18.6% per year.

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

For the third consecutive year, Iran recorded decline in shipments abroad of copper; refined, unwrought, wire-barses, which decreased by -51.8% to 96 tons in 2022. Over the period under review, exports showed a significant curtailment. The smallest decline of -30.6% was in 2021.

In value terms, copper; refined, unwrought, wire-bars exports contracted significantly to $764K in 2022. Overall, exports faced a sharp curtailment. The smallest decline of -24.4% was in 2021.

Export of Copper; Refined, Unwrought, Wire-Bars in Iran (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Turkey2.31.81.30.8-29.7%
OthersN/AN/AN/AN/A0%
Total2.31.81.30.8-29.7%

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

  1. Turkey (95.7 tons)

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

In 2022, the amount of copper; refined, unwrought, wire-barses imported into Iran surged to 2.4 tons, with an increase of 17% against the previous year. The total import volume increased at an average annual rate of +3.6% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, copper; refined, unwrought, wire-bars imports dropped dramatically to $3K in 2022. In general, imports, however, continue to indicate a sharp setback.

Import of Copper; Refined, Unwrought, Wire-Bars in Iran (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Turkey12.47.74.83.0-37.7%
OthersN/AN/AN/AN/A0%
Total12.47.74.83.0-37.7%

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

  1. Turkey (2.4 tons)

Source: IndexBox Market Intelligence Platform

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