Sulphates; of Copper Price in Pakistan - 2023

Sulphates; of Copper Price in Pakistan (CIF) - 2022

The average sulphates; of copper import price stood at $2,445 per ton in 2022, waning by -19.1% against the previous year. In general, the import price continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2021 an increase of 40% against the previous year. The import price peaked at $4,108 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 Chile ($7,400 per ton), while the price for Turkey ($1,772 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+6.7%), while the prices for the other major suppliers experienced a decline.

Sulphates; of Copper Price in Pakistan (FOB) - 2022

The average sulphates; of copper export price stood at $3,360 per ton in 2022, rising by 11% against the previous year. In general, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphates; of copper export price increased by +76.1% against 2017 indices. The most prominent rate of growth was recorded in 2020 an increase of 39%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Algeria ($3,576 per ton), while the average price for exports to the United Arab Emirates totaled $1,602 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+10.4%), while the prices for the other major destinations experienced mixed trend patterns.

Sulphates; of Copper Imports in Pakistan

In 2022, approx. 895 tons of sulphates; of coppers were imported into Pakistan; rising by 64% on the previous year's figure. In general, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, sulphates; of copper imports surged to $2.2M in 2022. Over the period under review, imports recorded a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 105%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Sulphates; of Copper in Pakistan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Taiwan (Chinese)	323	167	855	1,179	54.0%
Chile	179	153	222	334	23.1%
Russia	76.3	108	209	288	55.7%
Mexico	165	58.6	132	183	3.5%
Turkey	49.0	50.6	12.5	29.9	-15.2%
China	334	172	4.3	6.8	-72.7%
Brazil	N/A	28.2	109	N/A	286.5%
Others	96.2	64.2	104	167	20.2%
Total	1,222	802	1,647	2,188	21.4%

Top Suppliers of Sulphates; of Copper to Pakistan in 2022:

Taiwan (Chinese) (567.5 tons)
Russia (144.2 tons)
Mexico (80.7 tons)
Chile (45.2 tons)
Turkey (16.9 tons)
China (2.1 tons)

Sulphates; of Copper Exports in Pakistan

In 2022, exports of sulphates; of coppers from Pakistan contracted sharply to 1.2 tons, declining by -28.6% compared with the previous year's figure. In general, exports showed a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 55% against the previous year.

In value terms, sulphates; of copper exports shrank remarkably to $4.2K in 2022. Over the period under review, exports showed a sharp shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 69% against the previous year.