Price for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Australia - 2022

Contents:

1. Price for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Australia (CIF) - 2022
2. Price for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Australia (FOB) - 2022
3. Imports of Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Australia
4. Exports of Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Australia

Price for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Australia (CIF) - 2022

The average import price for copper; cast, moulded, stamped or forged, but not further worked stood at $16,974 per ton in 2022, reducing by -8.7% against the previous year. Overall, the import price recorded a slight decline. The pace of growth appeared the most rapid in 2013 when the average import price increased by 68%. Over the period under review, average import prices attained the peak figure at $35,055 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from New Zealand ($18,040 per ton) and the United States ($17,857 per ton), while the price for India ($13,691 per ton) and the UK ($14,759 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+0.0%), while the prices for the other major suppliers experienced a decline.

Price for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Australia (FOB) - 2022

The average export price for copper; cast, moulded, stamped or forged, but not further worked stood at $18,281 per ton in 2022, waning by -8.4% against the previous year. Overall, the export price showed a drastic downturn. The pace of growth was the most pronounced in 2016 when the average export price increased by 1,585% against the previous year. As a result, the export price attained the peak level of $108,877 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($20,287 per ton) and the UK ($20,233 per ton), while the average price for exports to Papua New Guinea ($17,151 per ton) and Singapore ($17,775 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+29.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Australia

In 2022, after three years of growth, there was significant decline in supplies from abroad of copper; cast, moulded, stamped or forged, but not further worked, when their volume decreased by -13.6% to 40 tons. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +12.3% 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 +41.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 37% against the previous year. As a result, imports reached the peak of 46 tons, and then declined in the following year.

In value terms, imports of copper; cast, moulded, stamped or forged, but not further worked dropped dramatically to $679K in 2022. Overall, imports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 73%. As a result, imports reached the peak of $860K, and then declined sharply in the following year.

Top Suppliers of Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked to Australia in 2022:

1. China (26.7 tons)
2. India (7.9 tons)
3. United States (2.1 tons)
4. Italy (1.1 tons)
5. Hong Kong SAR (1.1 tons)
6. United Kingdom (0.8 tons)

Exports of Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Australia

In 2022, overseas shipments of copper; cast, moulded, stamped or forged, but not further worked were finally on the rise to reach 15 tons after two years of decline. Over the period under review, exports, however, continue to indicate a precipitous descent.

In value terms, exports of copper; cast, moulded, stamped or forged, but not further worked expanded modestly to $282K in 2022. In general, exports, however, recorded a sharp slump.

Top Export Markets for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked from Australia in 2022:

1. Singapore (10.9 tons)
2. New Zealand (2.0 tons)
3. United Kingdom (1.6 tons)
4. United States (0.7 tons)

Source: IndexBox Market Intelligence Platform