Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Morocco - 2023

Contents:

1. Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Morocco (CIF) - 2022
2. Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Morocco (FOB) - 2022
3. Imports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Morocco
4. Exports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Morocco

Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Morocco (CIF) - 2022

In 2022, the average import price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses amounted to $10,734 per ton, growing by 10% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2021 an increase of 25% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

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 France ($13,247 per ton), while the price for Egypt ($7,662 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Morocco (FOB) - 2022

The average export price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses stood at $4,769 per ton in 2022, approximately reflecting the previous year. In general, the export price recorded a abrupt setback. The pace of growth was the most pronounced in 2017 an increase of 2.4% against the previous year. As a result, the export price reached the peak level of $19,863 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($12,500 per ton), while the average price for exports to France ($1,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (-1.7%), while the prices for the other major destinations experienced a decline.

Imports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Morocco

Imports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses into Morocco dropped to 509 tons in 2022, shrinking by -7.5% compared with the previous year. The total import volume increased at an average annual rate of +4.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 43% against the previous year. As a result, imports attained the peak of 551 tons, and then dropped in the following year.

In value terms, imports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses amounted to $5.5M in 2022. Over the period under review, imports, however, saw a remarkable increase. The pace of growth was the most pronounced in 2021 when imports increased by 79% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in the near future.

Top Suppliers of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils to Morocco in 2022:

1. Finland (163.2 tons)
2. Spain (145.5 tons)
3. Turkey (115.1 tons)
4. Germany (35.7 tons)
5. Italy (22.1 tons)
6. France (19.9 tons)
7. Bulgaria (2.8 tons)

Exports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Morocco

For the third consecutive year, Morocco recorded decline in overseas shipments of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses, which decreased by 0% to 26 kg in 2022. In general, exports saw a precipitous curtailment. The smallest decline of -99.1% was in 2020.

In value terms, exports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses totaled $124 in 2022. Overall, exports saw a dramatic downturn. The smallest decline of -99.4% was in 2020.

Top Export Markets for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils from Morocco in 2022:

1. Spain (19.0 kg)
2. Italy (4.0 kg)
3. Cameroon (1.0 kg)
4. Cote d'Ivoire (1.0 kg)
5. France (1.0 kg)

Source: IndexBox Market Intelligence Platform