SADC: Copper Market 2024

Copper Market Size in SADC

The SADC copper market rose notably to $X in 2022, surging by X% against the previous year. Overall, consumption, however, recorded a slight curtailment. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Copper Production in SADC

In value terms, copper production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Copper Exports

Exports in SADC

In 2022, copper exports in SADC stood at X tons, stabilizing at 2021 figures. Total exports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, copper exports shrank modestly to $X in 2022. In general, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then shrank modestly in the following year.

Exports by Country

Democratic Republic of the Congo represented the major exporting country with an export of around X tons, which finished at X% of total exports. It was distantly followed by Zambia (X tons), comprising an X% share of total exports. South Africa (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to copper exports from Democratic Republic of the Congo stood at X%. At the same time, South Africa (X%) displayed positive paces of growth. Moreover, South Africa emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. By contrast, Zambia (X%) illustrated a downward trend over the same period. Democratic Republic of the Congo (X p.p.) significantly strengthened its position in terms of the total exports, while Zambia saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Democratic Republic of the Congo ($X) remains the largest copper supplier in SADC, comprising X% of total exports. The second position in the ranking was held by Zambia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Democratic Republic of the Congo totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Zambia (X% per year) and South Africa (X% per year).

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, waning by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then dropped in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Zambia ($X per ton), while South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Democratic Republic of the Congo (X%), while the other leaders experienced more modest paces of growth.

Copper Imports

Imports in SADC

In 2022, overseas purchases of refined copper decreased by X% to X tons, falling for the third consecutive year after two years of growth. Overall, imports continue to indicate a pronounced decline. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, copper imports shrank to $X in 2022. Over the period under review, imports recorded a pronounced contraction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

South Africa prevails in imports structure, amounting to X tons, which was near X% of total imports in 2022. It was distantly followed by Zimbabwe (X tons), committing a X% share of total imports. The following importers - Democratic Republic of the Congo (X tons) and Zambia (X tons) - each recorded a X% share of total imports.

South Africa experienced a relatively flat trend pattern with regard to volume of imports of refined copper. At the same time, Democratic Republic of the Congo (X%) displayed positive paces of growth. Moreover, Democratic Republic of the Congo emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. Zimbabwe experienced a relatively flat trend pattern. By contrast, Zambia (X%) illustrated a downward trend over the same period. While the share of South Africa (X p.p.), Democratic Republic of the Congo (X p.p.) and Zimbabwe (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Zambia (X p.p.) displayed negative dynamics.

In value terms, South Africa ($X) constitutes the largest market for imported refined copper in SADC, comprising X% of total imports. The second position in the ranking was taken by Zimbabwe ($X), with a X% share of total imports. It was followed by Zambia, with a X% share.

In South Africa, copper imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Zimbabwe (X% per year) and Zambia (X% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, approximately mirroring the previous year. Import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper import price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then declined modestly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Africa ($X per ton), while Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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