Price for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Sri Lanka - 2022

Contents:

1. Price for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Sri Lanka (CIF) - 2022
2. Price for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Sri Lanka (FOB) - 2022
3. Imports of Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Sri Lanka
4. Exports of Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Sri Lanka

Price for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Sri Lanka (CIF) - 2022

In 2022, the average import price for copper; cast, moulded, stamped or forged, but not further worked amounted to $9,028 per ton, waning by -11.2% against the previous year. Over the period under review, the import price recorded a abrupt shrinkage. The growth pace was the most rapid in 2015 an increase of 19% against the previous year. Over the period under review, average import prices hit record highs at $17,452 per ton in 2012; however, from 2013 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 Singapore ($42,616 per ton), while the price for Switzerland ($4,992 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Sri Lanka (FOB) - 2022

In 2022, the average export price for copper; cast, moulded, stamped or forged, but not further worked amounted to $17,431 per ton, picking up by 29% against the previous year. In general, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for copper; cast, moulded, stamped or forged, but not further worked increased by +122.2% against 2013 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($22,188 per ton), while the average price for exports to India totaled $17,366 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+19.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Sri Lanka

After three years of growth, overseas purchases of copper; cast, moulded, stamped or forged, but not further worked decreased by -63.5% to 7.1 tons in 2022. Overall, imports, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of 182%. As a result, imports attained the peak of 19 tons, and then dropped significantly in the following year.

In value terms, imports of copper; cast, moulded, stamped or forged, but not further worked reduced rapidly to $64K in 2022. Over the period under review, imports, however, saw buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of 184%. As a result, imports attained the peak of $198K, and then contracted dramatically in the following year.

Top Suppliers of Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked to Sri Lanka in 2022:

1. China (3.4 tons)
2. Switzerland (2.6 tons)
3. India (0.5 tons)
4. Singapore (0.4 tons)
5. Japan (0.1 tons)

Exports of Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Sri Lanka

In 2022, shipments abroad of copper; cast, moulded, stamped or forged, but not further worked was finally on the rise to reach 1.2 tons after two years of decline. Over the period under review, exports, however, showed a abrupt decrease.

In value terms, exports of copper; cast, moulded, stamped or forged, but not further worked skyrocketed to $21K in 2022. The total export value increased at an average annual rate of +7.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked from Sri Lanka in 2022:

1. India (1170.0 kg)
2. Germany (16.0 kg)

Source: IndexBox Market Intelligence Platform