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

Contents:

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

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

In 2022, the average copper; refined, unwrought, wire-bars import price amounted to $13,214 per ton, surging by 73% against the previous year. Over the period under review, the import price continues to indicate prominent growth. As a result, import price attained the peak level and is likely to continue 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 India ($25,692 per ton), while the price for the United Arab Emirates amounted to $7,621 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+18.7%).

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

In 2020, the average copper; refined, unwrought, wire-bars export price amounted to $12,690 per ton, rising by 17% against the previous year. In general, the export price, however, showed a deep reduction. The most prominent rate of growth was recorded in 2019 an increase of 24%. Over the period under review, the average export prices attained the maximum at $24,611 per ton in 2013; however, from 2014 to 2020, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2020, amid the top suppliers, the country with the highest price was Ethiopia ($13,107 per ton), while the average price for exports to Sri Lanka totaled $1,000 per ton.

From 2013 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Ethiopia (+45.0%).

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

For the third consecutive year, Kenya recorded decline in overseas purchases of copper; refined, unwrought, wire-barses, which decreased by -91.8% to 210 kg in 2022. Overall, imports showed a precipitous shrinkage. The smallest decline of -73.4% was in 2021.

In value terms, copper; refined, unwrought, wire-bars imports dropped dramatically to $2.8K in 2022. In general, imports recorded a significant curtailment. The smallest decline of -73.4% was in 2021.

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

1. United Arab Emirates (145.0 kg)
2. India (65.0 kg)

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

In 2020, copper; refined, unwrought, wire-bars exports from Kenya reduced to 29 kg, falling by -12.1% against the year before. Over the period under review, exports continue to indicate a abrupt curtailment.

In value terms, copper; refined, unwrought, wire-bars exports expanded slightly to $368 in 2020. The total export value increased at an average annual rate of +2.8% over the period from 2019 to 2020; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Ethiopia (28.0 kg)
2. Sri Lanka (1.0 kg)

Source: IndexBox Market Intelligence Platform