Egypt: Copper Matte Market 2025

Copper Matte Market Size in Egypt

The Egyptian copper matte market shrank to $X in 2022, flattening at the previous year. Overall, consumption, however, saw a noticeable slump. Copper matte consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Copper Matte Production in Egypt

In value terms, copper matte production shrank to $X in 2022 estimated in export price. Overall, production, however, recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2021 when the production volume increased by 3.9%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Copper Matte Exports

Exports from Egypt

In 2022, exports of copper mattes and cement copper from Egypt contracted to X tons, with a decrease of -2.8% compared with the previous year's figure. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 2,268%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, copper matte exports contracted to $X in 2022. Overall, exports recorded a precipitous contraction. The growth pace was the most rapid in 2017 with an increase of 20%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for copper matte exports from Egypt, accounting for a 81% share of total exports. Moreover, copper matte exports to the United Arab Emirates exceeded the volume sent to the second major destination, Sudan (X kg), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to +26.7%.

In value terms, Sudan ($X) and the United Arab Emirates ($X) constituted the largest markets for copper matte exported from Egypt worldwide.

In terms of the main countries of destination, the United Arab Emirates, with a CAGR of +11.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average copper matte export price stood at $X per ton in 2022, falling by -3.4% against the previous year. Over the period under review, the export price saw a sharp decline. The most prominent rate of growth was recorded in 2021 an increase of 7.5% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Sudan ($X per ton), while the average price for exports to the United Arab Emirates totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sudan (+7.0%), while the prices for the other major destinations experienced a decline.

Copper Matte Imports

Imports into Egypt

After two years of growth, overseas purchases of copper mattes and cement copper decreased by -2.1% to X tons in 2022. Overall, imports, however, recorded a strong increase. The growth pace was the most rapid in 2020 when imports increased by 142%. Over the period under review, imports attained the maximum at X tons in 2021, and then reduced slightly in the following year.

In value terms, copper matte imports declined to $X in 2022. Over the period under review, imports saw a slight reduction. The most prominent rate of growth was recorded in 2013 when imports increased by 63%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the UK (X tons) was the main supplier of copper matte to Egypt, with a 97% share of total imports. Moreover, copper matte imports from the UK exceeded the figures recorded by the second-largest supplier, Italy (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK amounted to +13.3%.

In value terms, the UK ($X) constituted the largest supplier of copper mattes and cement copper to Egypt, comprising 72% of total imports. The second position in the ranking was taken by Italy ($X), with a 28% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the UK stood at +4.7%.

Import Prices by Country

In 2022, the average copper matte import price amounted to $X per ton, falling by -2.9% against the previous year. Over the period under review, the import price saw a abrupt descent. The pace of growth was the most pronounced in 2019 when the average import price increased by 43% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 Italy ($X per ton), while the price for the UK stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (-7.6%).

Source: IndexBox Platform

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