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

Contents:

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

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

In 2022, the average import price for copper; cast, moulded, stamped or forged, but not further worked amounted to $17,681 per ton, rising by 23% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($36,703 per ton), while the price for Italy ($9,564 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for copper; cast, moulded, stamped or forged, but not further worked amounted to $20,562 per ton, therefore, remained relatively stable against the previous year. Overall, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for copper; cast, moulded, stamped or forged, but not further worked increased by +92.3% against 2016 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by 32% against the previous year. The export price peaked at $20,666 per ton in 2021, and then declined slightly in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Indonesia ($25,175 per ton) and Malaysia ($24,849 per ton), while the average price for exports to Thailand ($20,154 per ton) and China ($20,187 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 Malaysia (+3.5%), 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 Hong Kong SAR

In 2022, the amount of copper; cast, moulded, stamped or forged, but not further worked imported into Hong Kong SAR fell dramatically to 345 tons, shrinking by -19.6% compared with 2021 figures. Overall, imports saw a perceptible curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 88%. As a result, imports reached the peak of 429 tons, and then fell notably in the following year.

In value terms, imports of copper; cast, moulded, stamped or forged, but not further worked shrank to $6.1M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +6.5% 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 +93.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 95%. As a result, imports reached the peak of $6.2M, and then dropped in the following year.

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

1. China (271.7 tons)
2. United States (43.6 tons)
3. Vietnam (14.2 tons)
4. United Kingdom (6.0 tons)
5. Italy (5.4 tons)

Exports of Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Hong Kong SAR

In 2022, exports of copper; cast, moulded, stamped or forged, but not further worked from Hong Kong SAR fell slightly to 182 tons, declining by -2.7% on 2021 figures. In general, exports recorded a precipitous setback.

In value terms, exports of copper; cast, moulded, stamped or forged, but not further worked dropped slightly to $3.7M in 2022. Over the period under review, exports showed a deep reduction.

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

1. China (166.6 tons)
2. Malaysia (7.5 tons)
3. Indonesia (5.8 tons)

Source: IndexBox Market Intelligence Platform