Price for Copper; Bars, Rods and Profiles, of Refined Copper in Hong Kong SAR - 2023
Contents:
- Price for Copper; Bars, Rods and Profiles, of Refined Copper in Hong Kong SAR (CIF) - 2023
- Price for Copper; Bars, Rods and Profiles, of Refined Copper in Hong Kong SAR (FOB) - 2023
- Imports of Copper; Bars, Rods and Profiles, of Refined Copper in Hong Kong SAR
- Exports of Copper; Bars, Rods and Profiles, of Refined Copper in Hong Kong SAR
Price for Copper; Bars, Rods and Profiles, of Refined Copper in Hong Kong SAR (CIF) - 2023
In December 2023, the average import price for copper; bars, rods and profiles, of refined coppers amounted to $9,920 per ton, with an increase of 8.3% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in May 2023 when the average import price increased by 18% m-o-m. As a result, import price reached the peak level of $11,558 per ton. From June 2023 to December 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was China ($19,206 per ton), while the price for Thailand totaled $9,854 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the UK (+14.2%), 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 Hong Kong SAR (FOB) - 2023
The average export price for copper; bars, rods and profiles, of refined coppers stood at $9,805 per ton in December 2023, growing by 51% against the previous month. Over the period under review, the export price, however, continues to indicate a drastic downturn. The most prominent rate of growth was recorded in February 2023 an increase of 157% against the previous month. The export price peaked at $89,169 per ton in December 2022; however, from January 2023 to December 2023, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for China.
From December 2022 to December 2023, the rate of growth in terms of prices for China amounted to -16.8% per month.
Imports of Copper; Bars, Rods and Profiles, of Refined Copper in Hong Kong SAR
In 2022, imports of copper; bars, rods and profiles, of refined coppers into Hong Kong SAR declined slightly to 939 tons, waning by -2.8% against the previous year's figure. Over the period under review, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 7.5% against the previous year.
In value terms, imports of copper; bars, rods and profiles, of refined coppers expanded remarkably to $9.6M in 2022. The total import value increased at an average annual rate of +4.7% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 39%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.
| Import of Copper; Bars, Rods and Profiles, of Refined Copper in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 2.5 | 3.3 | 4.3 | 4.9 | 25.1% |
| Malaysia | 4.9 | 2.9 | 4.1 | 4.3 | -4.3% |
| China | N/A | 0.1 | 0.1 | 0.2 | 41.4% |
| United Kingdom | 0.1 | N/A | N/A | 0.1 | 0.0% |
| Others | 0.8 | 0.1 | 0.3 | 0.2 | -37.0% |
| Total | 8.4 | 6.3 | 8.8 | 9.6 | 4.6% |
Top Suppliers of Copper; Bars, Rods and Profiles, of Refined Copper to Hong Kong SAR in 2022:
- Thailand (471.6 tons)
- Malaysia (402.9 tons)
- United Kingdom (26.9 tons)
- China (25.8 tons)
Exports of Copper; Bars, Rods and Profiles, of Refined Copper in Hong Kong SAR
In 2022, exports of copper; bars, rods and profiles, of refined coppers from Hong Kong SAR dropped markedly to 310 tons, waning by -38.6% against 2021 figures. In general, exports recorded a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of 64%.
In value terms, exports of copper; bars, rods and profiles, of refined coppers declined notably to $2.6M in 2022. Over the period under review, exports recorded a deep contraction. The pace of growth was the most pronounced in 2021 when exports increased by 71% against the previous year.
| Export of Copper; Bars, Rods and Profiles, of Refined Copper in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.4 | 2.5 | 4.4 | 2.6 | -16.1% |
| Malaysia | N/A | N/A | N/A | N/A | 0% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 4.4 | 2.6 | 4.4 | 2.6 | -16.1% |
Top Export Markets for Copper; Bars, Rods and Profiles, of Refined Copper from Hong Kong SAR in 2022:
- China (302.6 tons)
- Malaysia (6.7 tons)
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