Copper Wire Price in Australia - 2023

Contents:

1. Copper Wire Price in Australia (CIF) - 2023
2. Copper Wire Price in Australia (FOB) - 2023
3. Copper Wire Imports in Australia
4. Copper Wire Exports in Australia

Copper Wire Price in Australia (CIF) - 2023

The average copper wire import price stood at $8,672 per ton in September 2023, with an increase of 3.1% against the previous month. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 an increase of 8.4% against the previous month. Over the period under review, average import prices attained the maximum at $9,396 per ton in April 2023; however, from May 2023 to September 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Indonesia ($8,898 per ton), while the price for China ($1,171 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Copper Wire Price in Australia (FOB) - 2023

In September 2023, the average copper wire export price amounted to $4,624 per ton, with an increase of 9.2% against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 an increase of 224% against the previous month. The export price peaked at $15,498 per ton in January 2023; however, from February 2023 to September 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In September 2023, the country with the highest price was New Zealand ($10,233 per ton), while the average price for exports to Thailand amounted to $2,189 per ton.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (-0.1%), while the prices for the other major destinations experienced a decline.

Copper Wire Imports in Australia

Copper wire imports into Australia contracted to 38K tons in 2022, which is down by -11.7% on 2021 figures. In general, imports continue to indicate a deep contraction. The growth pace was the most rapid in 2021 when imports increased by 4.8%.

In value terms, copper wire imports shrank to $354M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +6.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +34.8% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 54% against the previous year. As a result, imports attained the peak of $404M, and then fell in the following year.

Top Suppliers of Copper Wire to Australia in 2022:

1. Taiwan (Chinese) (undefinedK tons)
2. Malaysia (20.3K tons)
3. United Arab Emirates (14.6K tons)
4. Indonesia (1.2K tons)
5. South Korea (0.7K tons)
6. United Kingdom (0.6K tons)
7. China (0.2K tons)

Copper Wire Exports in Australia

Copper wire exports from Australia dropped dramatically to 1.4K tons in 2022, waning by -41.5% against 2021. Over the period under review, exports showed a abrupt decrease. The growth pace was the most rapid in 2021 with an increase of 205%. As a result, the exports reached the peak of 2.4K tons, and then contracted sharply in the following year.

In value terms, copper wire exports contracted markedly to $6.1M in 2022. Overall, exports faced a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 137%. As a result, the exports reached the peak of $11M, and then declined notably in the following year.

Top Export Markets for Copper Wire from Australia in 2022:

1. Malaysia (916.2 tons)
2. Thailand (189.2 tons)
3. India (141.9 tons)
4. New Zealand (98.8 tons)
5. China (60.9 tons)

Source: IndexBox Market Intelligence Platform