Price for Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) in Iraq - 2022
Contents:
- Price for Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) in Iraq (CIF) - 2022
- Price for Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) in Iraq (FOB) - 2022
- Imports of Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) in Iraq
- Exports of Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) in Iraq
Price for Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) in Iraq (CIF) - 2022
In 2022, the average import price for copper; bars, rods and profiles, of copper-zinc base alloys (brass)s amounted to $8,196 per ton, jumping by 35% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 51% against the previous year. The import price peaked at $12,655 per ton in 2016; however, from 2017 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 the United States ($21,857 per ton), while the price for Iran ($2,038 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) in Iraq (FOB) - 2022
In 2021, the average export price for copper; bars, rods and profiles, of copper-zinc base alloys (brass)s amounted to $3,814 per ton, shrinking by -18.2% against the previous year. In general, the export price showed a abrupt shrinkage. Over the period under review, the average export prices hit record highs at $4,662 per ton in 2020, and then shrank significantly in the following year.
As there is only one major export destination, the average price level is determined by prices for Turkey.
From 2020 to 2021, the rate of growth in terms of prices for Turkey amounted to -18.5% per year.
Imports of Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) in Iraq
After three years of growth, purchases abroad of copper; bars, rods and profiles, of copper-zinc base alloys (brass)s decreased by -57.4% to 73 tons in 2022. Overall, imports, however, enjoyed a perceptible increase. The most prominent rate of growth was recorded in 2021 with an increase of 112%. As a result, imports reached the peak of 170 tons, and then shrank dramatically in the following year.
In value terms, imports of copper; bars, rods and profiles, of copper-zinc base alloys (brass)s fell rapidly to $595K in 2022. In general, imports, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 197%. As a result, imports reached the peak of $1M, and then declined dramatically in the following year.
| Import of Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 142 | 81.2 | 457 | 291 | 27.0% |
| United Kingdom | 48.6 | 42.1 | 26.1 | 63.5 | 9.3% |
| United Arab Emirates | 3.3 | 3.0 | 45.2 | 55.4 | 156.1% |
| United States | 20.5 | 17.7 | 52.8 | 41.9 | 26.9% |
| Turkey | 51.0 | 116 | 284 | 40.2 | -7.6% |
| Italy | 46.2 | 26.8 | 54.0 | 28.9 | -14.5% |
| Iran | 4.7 | 3.0 | 6.6 | 3.9 | -6.0% |
| Others | 95.6 | 59.3 | 112 | 70.5 | -9.7% |
| Total | 412 | 349 | 1,037 | 595 | 13.0% |
Top Suppliers of Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) to Iraq in 2022:
- China (38.3 tons)
- Turkey (12.1 tons)
- United Arab Emirates (11.0 tons)
- United Kingdom (3.7 tons)
- United States (1.9 tons)
- Iran (1.9 tons)
- Italy (1.4 tons)
Exports of Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) in Iraq
In 2021, the amount of copper; bars, rods and profiles, of copper-zinc base alloys (brass)s exported from Iraq surged to 19 tons, jumping by 64% compared with 2020 figures. Over the period under review, total exports indicated a significant expansion from 2020 to 2021: its volume increased at an average annual rate of +64.0% over the last one-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of copper; bars, rods and profiles, of copper-zinc base alloys (brass)s surged to $72K in 2021. The total export value increased at an average annual rate of +34.1% over the period from 2020 to 2021; however, 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.
| Export of Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | CAGR, 2020-2021 | ||
| Turkey | 53.6 | 71.7 | 33.8% | ||
| Others | N/A | 0.3 | 0% | ||
| Total | 53.6 | 72.0 | 34.3% | ||
Top Export Markets for Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) from Iraq in 2022:
- Turkey (18.9 tons)
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