Price for Copper; Waste and Scrap in Iran - 2022
Contents:
- Price for Copper; Waste and Scrap in Iran (FOB) - 2022
- Price for Copper; Waste and Scrap in Iran (CIF) - 2022
- Exports of Copper; Waste and Scrap in Iran
- Imports of Copper; Waste and Scrap in Iran
Price for Copper; Waste and Scrap in Iran (FOB) - 2022
In 2022, the average copper; waste and scrap export price amounted to $9,088 per ton, picking up by 5.6% against the previous year. Over the period under review, the export price recorded a strong expansion. The pace of growth appeared the most rapid in 2021 when the average export price increased by 63%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($11,675 per ton), while the average price for exports to Germany ($4,413 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Copper; Waste and Scrap in Iran (CIF) - 2022
The average copper; waste and scrap import price stood at $4,282 per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, the import price showed a prominent expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by 108%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($10,697 per ton), while the price for South Korea ($1,569 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tajikistan (+99.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Copper; Waste and Scrap in Iran
In 2022, exports of copper; waste and scraps from Iran declined markedly to 7.3K tons, dropping by -48.4% compared with the previous year's figure. Overall, exports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 120%. As a result, the exports reached the peak of 14K tons, and then reduced notably in the following year.
In value terms, copper; waste and scrap exports reduced dramatically to $66M in 2022. In general, exports, however, continue to indicate a modest expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 259%. As a result, the exports reached the peak of $121M, and then fell rapidly in the following year.
| Export of Copper; Waste and Scrap in Iran (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 42.4 | 24.4 | 92.5 | 51.6 | 6.8% |
| South Korea | 6.6 | 4.1 | 16.7 | 9.0 | 10.9% |
| United Arab Emirates | 10.2 | 3.6 | 6.2 | 2.8 | -35.0% |
| Germany | 2.0 | 1.0 | 3.5 | 1.6 | -7.2% |
| Others | 1.3 | 0.6 | 2.2 | 1.0 | -8.4% |
| Total | 62.5 | 33.7 | 121 | 66.0 | 1.8% |
Top Export Markets for Copper; Waste and Scrap from Iran in 2022:
- Turkey (5.3K tons)
- South Korea (0.8K tons)
- United Arab Emirates (0.6K tons)
- Germany (0.4K tons)
Imports of Copper; Waste and Scrap in Iran
Copper; waste and scrap imports into Iran stood at 19 tons in 2022, approximately reflecting the previous year's figure. Over the period under review, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 736%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, copper; waste and scrap imports stood at $80K in 2022. In general, imports saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 848% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Copper; Waste and Scrap in Iran (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 33.0 | 6.4 | 58.1 | 62.8 | 23.9% |
| Armenia | 6.2 | 1.0 | 8.4 | 7.9 | 8.4% |
| United Arab Emirates | 3.2 | 0.6 | 6.2 | 7.1 | 30.4% |
| Kazakhstan | 0.7 | 0.1 | 1.3 | 1.6 | 31.7% |
| South Korea | 1.1 | 0.2 | 1.2 | 1.0 | -3.1% |
| Venezuela | N/A | N/A | 4.8 | N/A | 0% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 44.1 | 8.4 | 79.9 | 80.3 | 22.1% |
Top Suppliers of Copper; Waste and Scrap to Iran in 2022:
- Turkey (14.3 tons)
- Armenia (2.2 tons)
- Kazakhstan (1.0 tons)
- United Arab Emirates (0.7 tons)
- South Korea (0.6 tons)
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