Price for Copper; Waste and Scrap in Jordan - 2022
Contents:
- Price for Copper; Waste and Scrap in Jordan (FOB) - 2022
- Price for Copper; Waste and Scrap in Jordan (CIF) - 2022
- Exports of Copper; Waste and Scrap in Jordan
- Imports of Copper; Waste and Scrap in Jordan
Price for Copper; Waste and Scrap in Jordan (FOB) - 2022
The average copper; waste and scrap export price stood at $6,150 per ton in 2022, picking up by 4.6% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 22%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were the United Arab Emirates ($6,150 per ton) and India ($6,150 per ton), while the average price for exports to Italy ($6,150 per ton) and South Korea ($6,150 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Copper; Waste and Scrap in Jordan (CIF) - 2022
In 2022, the average copper; waste and scrap import price amounted to $5,818 per ton, rising by 6.2% against the previous year. In general, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper; waste and scrap import price increased by +90.5% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 79% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue 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 the United Arab Emirates ($6,414 per ton), while the price for Free Zones ($4,060 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 (+19.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Copper; Waste and Scrap in Jordan
In 2022, the amount of copper; waste and scraps exported from Jordan shrank to 11K tons, with a decrease of -13.4% compared with 2021. In general, exports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 100%. As a result, the exports reached the peak of 12K tons, and then dropped in the following year.
In value terms, copper; waste and scrap exports reduced to $66M in 2022. Over the period under review, exports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2021 when exports increased by 125%. As a result, the exports attained the peak of $73M, and then shrank in the following year.
| Export of Copper; Waste and Scrap in Jordan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 10.0 | 9.8 | 25.5 | 22.1 | 30.3% |
| Greece | 9.9 | 5.6 | 14.7 | 15.7 | 16.6% |
| China | 3.1 | 4.2 | 10.0 | 10.7 | 51.1% |
| Japan | 3.0 | 0.9 | 1.9 | 6.0 | 26.0% |
| Italy | 1.5 | 1.5 | 3.9 | 4.4 | 43.1% |
| India | 1.3 | 1.5 | 2.4 | 2.0 | 15.4% |
| United Arab Emirates | 0.8 | 2.8 | 5.1 | 1.7 | 28.6% |
| Others | 10.6 | 6.4 | 9.8 | 4.0 | -27.7% |
| Total | 40.2 | 32.6 | 73.4 | 66.5 | 18.3% |
Top Export Markets for Copper; Waste and Scrap from Jordan in 2022:
- South Korea (3.6K tons)
- Greece (2.5K tons)
- China (1.7K tons)
- Japan (1.0K tons)
- Italy (0.7K tons)
- United Arab Emirates (0.3K tons)
- India (0.3K tons)
Imports of Copper; Waste and Scrap in Jordan
In 2022, the amount of copper; waste and scraps imported into Jordan contracted rapidly to 108 tons, dropping by -50.7% on 2021. Over the period under review, imports, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 801% against the previous year. As a result, imports reached the peak of 220 tons, and then dropped remarkably in the following year.
In value terms, copper; waste and scrap imports reduced markedly to $631K in 2022. In general, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 1,515% against the previous year. As a result, imports reached the peak of $1.2M, and then dropped remarkably in the following year.
| Import of Copper; Waste and Scrap in Jordan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | N/A | 248 | 0% |
| Aruba | 77.5 | 68.2 | 1,159 | 161 | 27.6% |
| Free Zones | 102 | 1.5 | 15.6 | 111 | 2.9% |
| United Arab Emirates | 93.8 | 4.8 | 22.9 | 108 | 4.8% |
| Others | N/A | N/A | 6.3 | 3.6 | -42.9% |
| Total | 273 | 74.5 | 1,203 | 631 | 32.2% |
Top Suppliers of Copper; Waste and Scrap to Jordan in 2022:
- China (38.6 tons)
- Free Zones (27.4 tons)
- Aruba (25.1 tons)
- United Arab Emirates (16.8 tons)
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