Price for Copper; Refined and Copper Alloys, Unwrought in Ethiopia - 2022

Contents:

  1. Price for Copper; Refined and Copper Alloys, Unwrought in Ethiopia (FOB) - 2022
  2. Price for Copper; Refined and Copper Alloys, Unwrought in Ethiopia (CIF) - 2022
  3. Exports of Copper; Refined and Copper Alloys, Unwrought in Ethiopia
  4. Imports of Copper; Refined and Copper Alloys, Unwrought in Ethiopia

Price for Copper; Refined and Copper Alloys, Unwrought in Ethiopia (FOB) - 2022

The average export price for copper; refined and copper alloys, unwroughts stood at $4,682 per ton in 2022, waning by -17.9% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 45%. As a result, the export price attained the peak level of $5,707 per ton. From 2021 to 2022, the average export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Kenya amounted to +16.8% per year.

Price for Copper; Refined and Copper Alloys, Unwrought in Ethiopia (CIF) - 2022

The average import price for copper; refined and copper alloys, unwroughts stood at $40,336 per ton in 2022, with an increase of 69% against the previous year. Over the period under review, the import price continues to indicate a remarkable increase. The growth pace was the most rapid in 2021 an increase of 138%. The import price peaked in 2022 and is expected to retain growth in the near future.

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 Turkey ($44,797 per ton), while the price for the United Arab Emirates ($9,066 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+20.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Copper; Refined and Copper Alloys, Unwrought in Ethiopia

In 2022, approx. 66 tons of copper; refined and copper alloys, unwroughts were exported from Ethiopia; with an increase of 135% against 2021. In general, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of copper; refined and copper alloys, unwroughts soared to $311K in 2022. Over the period under review, exports showed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 100% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Export of Copper; Refined and Copper Alloys, Unwrought in Ethiopia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China67.980.515331166.1%
Others0.1N/A8.1N/A800.0%
Total67.980.516131166.1%

Top Export Markets for Copper; Refined and Copper Alloys, Unwrought from Ethiopia in 2022:

  1. China (66.4 tons)

Imports of Copper; Refined and Copper Alloys, Unwrought in Ethiopia

In 2022, approx. 1.6 tons of copper; refined and copper alloys, unwroughts were imported into Ethiopia; which is down by -42.6% on 2021. Over the period under review, imports saw a dramatic downturn.

In value terms, imports of copper; refined and copper alloys, unwroughts fell to $64K in 2022. In general, imports recorded a dramatic contraction.

Import of Copper; Refined and Copper Alloys, Unwrought in Ethiopia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Turkey49693.91.641.7-56.2%
France8.90.50.112.913.2%
Netherlands1.00.30.12.128.1%
India0.60.9N/A1.946.8%
United Arab Emirates0.30.1N/A1.049.4%
China13.17.70.50.8-60.6%
Kazakhstan178N/AN/AN/A0%
UkraineN/AN/A63.4N/A0%
Others10.55.10.53.6-30.0%
Total70810866.264.1-55.1%

Top Suppliers of Copper; Refined and Copper Alloys, Unwrought to Ethiopia in 2022:

  1. Turkey (931.0 kg)
  2. France (316.0 kg)
  3. United Arab Emirates (106.0 kg)
  4. China (77.0 kg)
  5. Netherlands (52.0 kg)
  6. India (44.0 kg)

Source: IndexBox Market Intelligence Platform

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