Price for Copper; Waste and Scrap in Ethiopia - 2022

Contents:

1. Price for Copper; Waste and Scrap in Ethiopia (FOB) - 2022
2. Price for Copper; Waste and Scrap in Ethiopia (CIF) - 2022
3. Exports of Copper; Waste and Scrap in Ethiopia
4. Imports of Copper; Waste and Scrap in Ethiopia

Price for Copper; Waste and Scrap in Ethiopia (FOB) - 2022

The average copper; waste and scrap export price stood at $4,146 per ton in 2022, rising by 36% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average export price increased by 81%. As a result, the export price reached the peak level of $7,351 per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($21,045 per ton), while the average price for exports to India ($1,572 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 (+15.7%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Copper; Waste and Scrap in Ethiopia (CIF) - 2022

In 2022, the average copper; waste and scrap import price amounted to $2,916 per ton, reducing by -10.2% against the previous year. Over the period under review, the import price saw a abrupt decline. The pace of growth appeared the most rapid in 2020 when the average import price increased by 89% against the previous year. The import price peaked at $6,678 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Tunisia ($3,807 per ton), while the price for Australia stood at $2,722 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (-5.5%).

Exports of Copper; Waste and Scrap in Ethiopia

In 2022, overseas shipments of copper; waste and scraps decreased by -52.9% to 94 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 999% against the previous year.

In value terms, copper; waste and scrap exports reduced notably to $391K in 2022. Over the period under review, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 1,835%.

Top Export Markets for Copper; Waste and Scrap from Ethiopia in 2022:

1. India (54.6 tons)
2. Germany (18.1 tons)
3. South Africa (13.5 tons)
4. Belgium (8.0 tons)

Imports of Copper; Waste and Scrap in Ethiopia

In 2022, approx. 31 tons of copper; waste and scraps were imported into Ethiopia; rising by 20% on the year before. In general, imports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 4,104%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, copper; waste and scrap imports rose remarkably to $91K in 2022. Overall, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 2,552% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.

Top Suppliers of Copper; Waste and Scrap to Ethiopia in 2022:

1. Australia (25.5 tons)
2. Tunisia (5.3 tons)

Source: IndexBox Market Intelligence Platform