Price for Copper; Bars, Rods and Profiles, of Refined Copper in Australia - 2024
Contents:
- Price for Copper; Bars, Rods and Profiles, of Refined Copper in Australia (CIF) - 2024
- Price for Copper; Bars, Rods and Profiles, of Refined Copper in Australia (FOB) - 2022
- Imports of Copper; Bars, Rods and Profiles, of Refined Copper in Australia
- Exports of Copper; Bars, Rods and Profiles, of Refined Copper in Australia
Price for Copper; Bars, Rods and Profiles, of Refined Copper in Australia (CIF) - 2024
The average import price for copper; bars, rods and profiles, of refined coppers stood at $9,180 per ton in March 2024, growing by 2% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 7.2% against the previous month. Over the period under review, average import prices hit record highs at $9,928 per ton in May 2023; however, from June 2023 to March 2024, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($13,334 per ton), while the price for Malaysia ($8,869 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by France (+32.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Copper; Bars, Rods and Profiles, of Refined Copper in Australia (FOB) - 2022
In 2022, the average export price for copper; bars, rods and profiles, of refined coppers amounted to $16,878 per ton, increasing by 85% against the previous year. Overall, the export price showed a buoyant increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 389% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the near future.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($106,768 per ton), while the average price for exports to Fiji ($6,475 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 the Philippines (+86.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Copper; Bars, Rods and Profiles, of Refined Copper in Australia
In 2022, imports of copper; bars, rods and profiles, of refined coppers into Australia contracted to 4.8K tons, which is down by -6.6% against 2021 figures. Overall, imports continue to indicate a perceptible reduction. The growth pace was the most rapid in 2021 when imports increased by 16%.
In value terms, imports of copper; bars, rods and profiles, of refined coppers contracted modestly to $49M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +10.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 58%. As a result, imports attained the peak of $50M, and then declined slightly in the following year.
| Import of Copper; Bars, Rods and Profiles, of Refined Copper in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 16.4 | 14.7 | 25.6 | 27.4 | 18.7% |
| Malaysia | 10.4 | 9.6 | 15.4 | 15.2 | 13.5% |
| Germany | 1.2 | 2.0 | 2.3 | 2.8 | 32.6% |
| South Korea | 3.8 | 2.0 | 0.8 | 1.0 | -35.9% |
| China | N/A | 0.7 | 0.7 | 0.8 | 6.9% |
| France | 3.6 | 1.2 | 1.7 | 0.3 | -56.3% |
| Others | 1.1 | 1.0 | 3.1 | 1.3 | 5.7% |
| Total | 36.6 | 31.3 | 49.6 | 48.8 | 10.1% |
Top Suppliers of Copper; Bars, Rods and Profiles, of Refined Copper to Australia in 2022:
- Thailand (2736.0 tons)
- Malaysia (1479.3 tons)
- Germany (246.7 tons)
- China (95.0 tons)
- South Korea (69.4 tons)
- France (22.5 tons)
Exports of Copper; Bars, Rods and Profiles, of Refined Copper in Australia
Exports of copper; bars, rods and profiles, of refined coppers from Australia dropped dramatically to 44 tons in 2022, reducing by -68.2% against the previous year. In general, exports saw a sharp curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 19% against the previous year.
In value terms, exports of copper; bars, rods and profiles, of refined coppers reduced notably to $736K in 2022. Overall, exports faced a sharp setback. The most prominent rate of growth was recorded in 2021 when exports increased by 55% against the previous year.
| Export of Copper; Bars, Rods and Profiles, of Refined Copper in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | 1.8 | N/A | 186 | 916.5% |
| Taiwan (Chinese) | N/A | N/A | 64.2 | 161 | 150.8% |
| Japan | N/A | N/A | N/A | 151 | 0% |
| New Zealand | 49.9 | 236 | 1,152 | 147 | 43.4% |
| Papua New Guinea | 103 | 35.0 | 18.8 | 64.5 | -14.4% |
| Fiji | 0.5 | N/A | N/A | 5.9 | 127.7% |
| Indonesia | 68.7 | 9.1 | N/A | 3.2 | -64.0% |
| Malaysia | 1,828 | 441 | N/A | N/A | -75.9% |
| Others | 69.1 | 86.4 | 16.6 | 17.9 | -36.3% |
| Total | 2,120 | 809 | 1,252 | 736 | -29.7% |
Top Export Markets for Copper; Bars, Rods and Profiles, of Refined Copper from Australia in 2022:
- Japan (18.6 tons)
- New Zealand (12.5 tons)
- Taiwan (Chinese) (4.4 tons)
- Papua New Guinea (4.1 tons)
- United States (1.7 tons)
- Fiji (0.9 tons)
- Indonesia (0.2 tons)
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