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

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

In 2022, the average copper; refined, unwrought, wire-bars import price amounted to $10,957 per ton, stabilizing at the previous year. Over the period under review, the import price, however, recorded a strong increase. The pace of growth was the most pronounced in 2020 an increase of 85%. The import price peaked at $10,957 per ton in 2021, and then fell slightly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($11,285 per ton), while the price for Saudi Arabia totaled $10,947 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+17.8%), while the prices for the other major suppliers experienced mixed trend patterns.

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

Copper; refined, unwrought, wire-bars imports into Sudan was estimated at 9 tons in 2022, stabilizing at the previous year. Overall, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +11.8% 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 +39.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 33%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, copper; refined, unwrought, wire-bars imports reached $99K in 2022. Over the period under review, imports showed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 94% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the near future.