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

Contents:

1. Price for Copper; Refined, Unwrought, Wire-Bars in Iraq (CIF) - 2022
2. Imports of Copper; Refined, Unwrought, Wire-Bars in Iraq

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

In 2022, the average copper; refined, unwrought, wire-bars import price amounted to $6,528 per ton, shrinking by -9.5% against the previous year. In general, the import price, however, continues to indicate tangible growth. The growth pace was the most rapid in 2021 an increase of 65%. As a result, import price attained the peak level of $7,209 per ton, and then declined in the following year.

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 Turkey ($12,178 per ton), while the price for the United Arab Emirates totaled $2,927 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+63.9%), while the prices for the other major suppliers experienced a decline.

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

In 2022, purchases abroad of copper; refined, unwrought, wire-barses increased by 61% to 117 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +14.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded 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 surged to $761K in 2022. Overall, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 57% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

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

1. United Arab Emirates (71.2 tons)
2. Turkey (45.4 tons)

Source: IndexBox Market Intelligence Platform