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

Contents:

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

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

The average export price for copper; cast, moulded, stamped or forged, but not further worked stood at $16,356 per ton in November 2021, reducing by -5.5% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in August 2021 when the average export price increased by 16% m-o-m. The export price peaked at $18,868 per ton in June 2021; however, from July 2021 to November 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In November 2021, the country with the highest price was China ($22,395 per ton), while the average price for exports to Germany ($15,228 per ton) was amongst the lowest.

From January 2021 to November 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+1.6%), while the prices for the other major destinations experienced mixed trend patterns.

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

The average import price for copper; cast, moulded, stamped or forged, but not further worked stood at $9,116 per ton in November 2021, shrinking by -87.9% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2021 when the average import price increased by 390% month-to-month. As a result, import price reached the peak level of $75,326 per ton, and then dropped significantly in the following month.

As there is only one major supplying country, the average price level is determined by prices for China.

From January 2021 to November 2021, the rate of growth in terms of prices for China amounted to -0.8% per month.

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

In 2022, shipments abroad of copper; cast, moulded, stamped or forged, but not further worked decreased by -15.1% to 322 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 115%.

In value terms, exports of copper; cast, moulded, stamped or forged, but not further worked contracted significantly to $5.2M in 2022. Over the period under review, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 77%.

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

1. Germany (236.6 tons)
2. United States (85.0 tons)

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

In 2022, imports of copper; cast, moulded, stamped or forged, but not further worked into New Zealand expanded markedly to 138 tons, growing by 8.9% against 2021. In general, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +11.4% 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 decreased by -11.1% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 55%. As a result, imports attained the peak of 155 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of copper; cast, moulded, stamped or forged, but not further worked amounted to $1.6M in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +17.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -3.5% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 69%. As a result, imports reached the peak of $1.7M. From 2021 to 2022, the growth of imports of remained at a lower figure.

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

1. China (134.1 tons)
2. Australia (3.4 tons)

Source: IndexBox Market Intelligence Platform