Price for Copper; Bars, Rods and Profiles, of Refined Copper in New Zealand - 2024
Contents:
- Price for Copper; Bars, Rods and Profiles, of Refined Copper in New Zealand (CIF) - 2024
- Price for Copper; Bars, Rods and Profiles, of Refined Copper in New Zealand (FOB) - 2022
- Imports of Copper; Bars, Rods and Profiles, of Refined Copper in New Zealand
- Exports of Copper; Bars, Rods and Profiles, of Refined Copper in New Zealand
Price for Copper; Bars, Rods and Profiles, of Refined Copper in New Zealand (CIF) - 2024
The average import price for copper; bars, rods and profiles, of refined coppers stood at $9,444 per ton in March 2024, falling by -12.7% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in February 2024 an increase of 20% m-o-m. As a result, import price reached the peak level of $10,824 per ton, and then declined in the following month.
Average prices varied noticeably amongst the major supplying countries. In March 2024, the countries with the highest prices were South Korea ($10,696 per ton) and Bulgaria ($10,222 per ton), while the price for China ($9,152 per ton) and Malaysia ($9,262 per ton) were amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by South Korea (+0.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Copper; Bars, Rods and Profiles, of Refined Copper in New Zealand (FOB) - 2022
In 2022, the average export price for copper; bars, rods and profiles, of refined coppers amounted to $7,713 per ton, falling by -20.6% against the previous year. In general, the export price saw a drastic downturn. The most prominent rate of growth was recorded in 2020 when the average export price increased by 44%. The export price peaked at $13,217 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
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 Malaysia ($1,462,000 per ton), while the average price for exports to Samoa ($6,008 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 Malaysia (+92.7%), 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 New Zealand
Imports of copper; bars, rods and profiles, of refined coppers into New Zealand shrank to 4.2K tons in 2022, waning by -8.8% on 2021. In general, imports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2021 when imports increased by 6.2% against the previous year.
In value terms, imports of copper; bars, rods and profiles, of refined coppers shrank to $42M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +7.2% 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 +45.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 55% against the previous year. As a result, imports reached the peak of $45M, and then fell in the following year.
| Import of Copper; Bars, Rods and Profiles, of Refined Copper in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 1.4 | 14.4 | 21.0 | 18.8 | 137.7% |
| China | 9.6 | 9.3 | 12.3 | 9.1 | -1.8% |
| Malaysia | 1.1 | 1.0 | 4.2 | 8.6 | 98.5% |
| United Arab Emirates | 13.4 | 1.7 | 4.6 | 2.7 | -41.4% |
| Thailand | 5.4 | 1.1 | 1.1 | 1.4 | -36.2% |
| Others | 3.2 | 1.5 | 1.7 | 1.4 | -24.1% |
| Total | 34.1 | 29.0 | 44.8 | 42.0 | 7.2% |
Top Suppliers of Copper; Bars, Rods and Profiles, of Refined Copper to New Zealand in 2022:
- South Korea (1848.8 tons)
- China (960.7 tons)
- Malaysia (846.8 tons)
- United Arab Emirates (288.0 tons)
- Thailand (129.1 tons)
Exports of Copper; Bars, Rods and Profiles, of Refined Copper in New Zealand
In 2022, exports of copper; bars, rods and profiles, of refined coppers from New Zealand surged to 36 tons, jumping by 62% compared with 2021 figures. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +19.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +68.8% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of copper; bars, rods and profiles, of refined coppers soared to $276K in 2022. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 70% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.
| Export of Copper; Bars, Rods and Profiles, of Refined Copper in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | N/A | 25.3 | 119 | 234 | 204.1% |
| Tonga | 39.7 | 8.5 | 57.0 | 27.8 | -11.2% |
| Samoa | 1.6 | 3.3 | 9.5 | 6.3 | 57.9% |
| Australia | 7.6 | 9.3 | 19.1 | 2.1 | -34.9% |
| Ecuador | 68.1 | N/A | N/A | N/A | 0% |
| United States | N/A | 130 | N/A | N/A | 0% |
| Others | 5.5 | 31.1 | 9.1 | 5.6 | 0.6% |
| Total | 122 | 208 | 214 | 276 | 31.3% |
Top Export Markets for Copper; Bars, Rods and Profiles, of Refined Copper from New Zealand in 2022:
- Hong Kong SAR (32.1 tons)
- Tonga (2.1 tons)
- Samoa (1.1 tons)
- Australia (0.1 tons)
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