Algeria: Refined Copper Market 2025

Refined Copper Market Size in Algeria

The Algerian refined copper market contracted modestly to $X in 2022, waning by -1.9% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the market value increased by 4.8% against the previous year. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Refined Copper Production in Algeria

In value terms, refined copper production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 4.8%. Refined copper production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Refined Copper Exports

Exports from Algeria

For the third year in a row, Algeria recorded growth in shipments abroad of refined copper (unwrought, not alloyed), which increased by 563% to X tons in 2022. Overall, exports posted a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 567%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, refined copper exports soared to $X in 2022. Over the period under review, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons), France (X tons) and Turkey (X tons) were the main destinations of refined copper exports from Algeria, with a combined 34% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +107.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for refined copper exported from Algeria were China ($X), Turkey ($X) and France ($X), with a combined 31% share of total exports.

Among the main countries of destination, China, with a CAGR of +108.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average refined copper export price amounted to $X per ton, surging by 48% against the previous year. Over the last decade, it increased at an average annual rate of +3.9%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to France ($X 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 China (+0.3%).

Refined Copper Imports

Imports into Algeria

In 2022, after three years of decline, there was significant growth in overseas purchases of refined copper (unwrought, not alloyed), when their volume increased by 2,142% to X tons. Overall, imports enjoyed temperate growth. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, refined copper imports skyrocketed to $X in 2022. In general, imports recorded moderate growth. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Poland (X tons) and Spain (X tons) were the main suppliers of refined copper imports to Algeria.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of 0.0%).

In value terms, Poland ($X) and Spain ($X) were the largest refined copper suppliers to Algeria.

In terms of the main suppliers, Poland, with a CAGR of 0.0%, saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The average refined copper import price stood at $X per ton in 2022, which is down by -23.3% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 42%. As a result, import price reached the peak level of $X per ton, and then contracted notably in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Spain stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (-1.4%).

Source: IndexBox Platform

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