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

Contents:

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

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

The average copper; refined, unwrought, wire-bars import price stood at $2,389 per ton in 2022, with a decrease of -17% against the previous year. Overall, the import price, however, posted resilient growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by 187% against the previous year. Over the period under review, average import prices attained the peak figure at $5,229 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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 South Africa ($3,869 per ton), while the price for China ($241 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-2.1%), while the prices for the other major suppliers experienced a decline.

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

The average copper; refined, unwrought, wire-bars export price stood at $5,930 per ton in 2022, reducing by -17.5% against the previous year. Overall, the export price recorded a perceptible slump. The most prominent rate of growth was recorded in 2013 when the average export price increased by 144%. As a result, the export price reached the peak level of $22,183 per ton. From 2014 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Democratic Republic of the Congo.

From 2012 to 2022, the rate of growth in terms of prices for Democratic Republic of the Congo amounted to -4.2% per year.

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

In 2022, imports of copper; refined, unwrought, wire-barses into Tanzania dropped slightly to 1.1 tons, shrinking by -2.4% compared with the year before. Overall, imports faced a precipitous contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 23% against the previous year.

In value terms, copper; refined, unwrought, wire-bars imports dropped significantly to $2.6K in 2022. Over the period under review, imports saw a deep contraction. The smallest decline of -18.9% was in 2021.

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

1. India (618.0 kg)
2. South Africa (275.0 kg)
3. China (133.0 kg)
4. United Arab Emirates (45.0 kg)

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

For the third consecutive year, Tanzania recorded decline in shipments abroad of copper; refined, unwrought, wire-barses, which decreased by -0.8% to 129 kg in 2022. Over the period under review, exports continue to indicate a significant decline.

In value terms, copper; refined, unwrought, wire-bars exports shrank notably to $765 in 2022. Overall, exports recorded a precipitous contraction. The smallest decline of -18.1% was in 2021.

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

1. Democratic Republic of the Congo (129.0 kg)

Source: IndexBox Market Intelligence Platform