Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Jordan - 2022

Contents:

1. Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Jordan (FOB) - 2022
2. Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Jordan (CIF) - 2022
3. Exports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Jordan
4. Imports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Jordan

Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Jordan (FOB) - 2022

In 2022, the average export price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses amounted to $10,231 per ton, dropping by -7.8% against the previous year. Overall, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.0% 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; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses increased by +62.4% against 2015 indices. The pace of growth appeared the most rapid in 2021 an increase of 48% against the previous year. As a result, the export price attained the peak level of $11,093 per ton, and then dropped in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to +1.2% per year.

Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Jordan (CIF) - 2022

In 2022, the average import price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses amounted to $11,438 per ton, surging by 34% against the previous year. Overall, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses increased by +80.1% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 the UK ($16,730 per ton), while the price for Saudi Arabia ($5,441 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Jordan

In 2022, shipments abroad of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses decreased by -12.4% to 69 tons, falling for the second consecutive year after two years of growth. Overall, exports, however, posted significant growth. The pace of growth was the most pronounced in 2020 with an increase of 753% against the previous year. As a result, the exports attained the peak of 99 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses reduced remarkably to $704K in 2022. Over the period under review, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 820% against the previous year.

Top Export Markets for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils from Jordan in 2022:

1. Saudi Arabia (68.6 tons)

Imports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Jordan

For the third year in a row, Jordan recorded decline in purchases abroad of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses, which decreased by -47.7% to 60 tons in 2022. Over the period under review, imports continue to indicate a sharp decrease. The smallest decline of -27.4% was in 2021.

In value terms, imports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses fell notably to $686K in 2022. In general, imports faced a sharp contraction. The smallest decline of -16.2% was in 2020.

Top Suppliers of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils to Jordan in 2022:

1. Egypt (41.9 tons)
2. United States (6.0 tons)
3. Saudi Arabia (3.9 tons)
4. Germany (2.8 tons)
5. Bulgaria (2.2 tons)
6. United Kingdom (1.3 tons)
7. United Arab Emirates (0.7 tons)
8. Turkey (0.5 tons)

Source: IndexBox Market Intelligence Platform