Price for Copper; Waste and Scrap in Libya - 2022

Contents:

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

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

The average copper; waste and scrap export price stood at $7,332 per ton in 2022, with an increase of 2.6% against the previous year. In general, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +7.7% 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 export price increased by +53.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by 50% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($8,877 per ton), while the average price for exports to the United Arab Emirates ($2,556 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 Turkey (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2021, the average copper; waste and scrap import price amounted to $7,106 per ton, almost unchanged from the previous year. In general, the import price continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2019 an increase of 25%. The import price peaked in 2021 and is likely to continue growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for Tunisia.

From 2013 to 2021, the rate of growth in terms of prices for Tunisia amounted to +36.7% per year.

Exports of Copper; Waste and Scrap in Libya

In 2022, overseas shipments of copper; waste and scraps decreased by -0.6% to 20K tons, falling for the second year in a row after two years of growth. Over the period under review, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +15.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -5.3% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 64% against the previous year. As a result, the exports attained the peak of 21K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, copper; waste and scrap exports expanded modestly to $146M in 2022. In general, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 62%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

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

1. Turkey (14.1K tons)
2. United Arab Emirates (3.4K tons)
3. Netherlands (1.3K tons)
4. Germany (0.1K tons)

Imports of Copper; Waste and Scrap in Libya

In 2021, copper; waste and scrap imports into Libya stood at 25 tons, therefore, remained relatively stable against 2020 figures. In general, imports faced a significant contraction. The smallest decline of 99.9% was in 2020.

In value terms, copper; waste and scrap imports totaled $177K in 2021. Over the period under review, imports recorded a precipitous contraction. The smallest decline of 99.9% was in 2020.

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

1. Tunisia (24.9 tons)

Source: IndexBox Market Intelligence Platform