Sulphates; of Copper Price in South Africa - 2023
Contents:
- Sulphates; of Copper Price in South Africa (FOB) - 2022
- Sulphates; of Copper Price in South Africa (CIF) - 2023
- Sulphates; of Copper Exports in South Africa
- Sulphates; of Copper Imports in South Africa
Sulphates; of Copper Price in South Africa (FOB) - 2022
In 2022, the average sulphates; of copper export price amounted to $29,466 per ton, falling by -3.8% against the previous year. In general, the export price, however, showed a significant increase. The growth pace was the most rapid in 2014 when the average export price increased by 373% against the previous year. Over the period under review, the average export prices hit record highs at $30,622 per ton in 2021, and then dropped modestly in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($30,815 per ton), while the average price for exports to Namibia totaled $3,329 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+7.4%), while the prices for the other major destinations experienced mixed trend patterns.
Sulphates; of Copper Price in South Africa (CIF) - 2023
The average sulphates; of copper import price stood at $2,540 per ton in July 2023, stabilizing at the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2023 an increase of 7.1% against the previous month. Over the period under review, average import prices attained the maximum at $2,732 per ton in December 2022; however, from January 2023 to July 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Portugal ($6,006 per ton), while the price for Chile ($2,374 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Brazil (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Sulphates; of Copper Exports in South Africa
In 2022, the amount of sulphates; of coppers exported from South Africa fell to 18K tons, waning by -6% compared with 2021. The total export volume increased at an average annual rate of +4.2% 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 with an increase of 37% against the previous year. As a result, the exports reached the peak of 19K tons, and then dropped in the following year.
In value terms, sulphates; of copper exports contracted to $521M in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 88%. As a result, the exports reached the peak of $576M, and then shrank in the following year.
Export of Sulphates; of Copper in South Africa (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Belgium | 285 | 305 | 511 | 518 | 22.0% |
Namibia | 0.5 | 0.6 | 1.2 | 1.0 | 26.0% |
Netherlands | N/A | N/A | 62.5 | N/A | 0% |
Others | 2.3 | 0.4 | 1.7 | 1.8 | -7.8% |
Total | 288 | 306 | 576 | 521 | 21.8% |
Top Export Markets for Sulphates; of Copper from South Africa in 2022:
- Belgium (16.8K tons)
- Namibia (0.3K tons)
Sulphates; of Copper Imports in South Africa
For the fourth year in a row, South Africa recorded growth in purchases abroad of sulphates; of coppers, which increased by 22% to 7.7K tons in 2022. Overall, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 262% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, sulphates; of copper imports surged to $21M in 2022. In general, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 406% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
Import of Sulphates; of Copper in South Africa (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Turkey | N/A | 1.1 | 7.6 | 9.1 | 187.6% |
Russia | 1.0 | 0.4 | 3.8 | 3.2 | 47.4% |
Uzbekistan | N/A | N/A | N/A | 2.5 | 0% |
Chile | 0.4 | N/A | 0.1 | 1.6 | 58.7% |
Brazil | 0.4 | 0.7 | 2.8 | 1.5 | 55.4% |
India | 0.1 | N/A | 1.1 | 1.1 | 122.4% |
Saudi Arabia | N/A | N/A | N/A | 0.8 | 0% |
Mexico | 0.4 | 0.3 | 0.4 | 0.2 | -20.6% |
Others | 0.1 | 0.7 | 0.3 | 0.6 | 81.7% |
Total | 2.4 | 3.2 | 16.1 | 20.5 | 104.4% |
Top Suppliers of Sulphates; of Copper to South Africa in 2022:
- Turkey (3451.5 tons)
- Russia (1259.5 tons)
- Uzbekistan (850.0 tons)
- Chile (651.2 tons)
- Brazil (601.0 tons)
- India (400.0 tons)
- Saudi Arabia (265.0 tons)
- Mexico (60.0 tons)
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