Price for Copper; Refined, Unwrought, Billets in Morocco - 2022

Contents:

1. Price for Copper; Refined, Unwrought, Billets in Morocco (FOB) - 2021
2. Price for Copper; Refined, Unwrought, Billets in Morocco (CIF) - 2022
3. Exports of Copper; Refined, Unwrought, Billets in Morocco
4. Imports of Copper; Refined, Unwrought, Billets in Morocco

Price for Copper; Refined, Unwrought, Billets in Morocco (FOB) - 2021

The average copper; refined, unwrought, billets export price stood at $4,953 per ton in March 2021, approximately mirroring the previous month. Over the last four months, it increased at an average monthly rate of +3.8%. The most prominent rate of growth was recorded in January 2021 an increase of 26% against the previous month. As a result, the export price attained the peak level of $5,695 per ton. From February 2021 to March 2021, the the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From November 2020 to March 2021, the rate of growth in terms of prices for China amounted to +3.8% per month.

Price for Copper; Refined, Unwrought, Billets in Morocco (CIF) - 2022

In 2022, the average copper; refined, unwrought, billets import price amounted to $50,400 per ton, picking up by 549% against the previous year. Overall, the import price posted significant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($60,250 per ton), while the price for China totaled $11,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+6.2%).

Exports of Copper; Refined, Unwrought, Billets in Morocco

In 2022, shipments abroad of copper; refined, unwrought, billetses decreased by -44.3% to 211 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 771%. As a result, the exports reached the peak of 378 tons, and then dropped rapidly in the following year.

In value terms, copper; refined, unwrought, billets exports reduced markedly to $1.1M in 2022. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 561% against the previous year. As a result, the exports reached the peak of $2M, and then shrank notably in the following year.

Top Export Markets for Copper; Refined, Unwrought, Billets from Morocco in 2022:

1. Netherlands (126.1 tons)
2. China (78.8 tons)
3. France (5.6 tons)

Imports of Copper; Refined, Unwrought, Billets in Morocco

For the third year in a row, Morocco recorded decline in purchases abroad of copper; refined, unwrought, billetses, which decreased by -98.1% to 5 kg in 2022. Overall, imports recorded a precipitous shrinkage. The smallest decline of -5.8% was in 2021.

In value terms, copper; refined, unwrought, billets imports fell sharply to $252 in 2022. In general, imports showed a dramatic decline. The smallest decline of -4% was in 2020.

Top Suppliers of Copper; Refined, Unwrought, Billets to Morocco in 2022:

1. United Kingdom (4.0 kg)
2. China (1.0 kg)

Source: IndexBox Market Intelligence Platform