Price for Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Australia - 2024

Contents:

1. Price for Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Australia (FOB) - 2022
2. Price for Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Australia (CIF) - 2022
3. Exports of Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Australia
4. Imports of Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Australia

Price for Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Australia (FOB) - 2022

In 2022, the average export price for copper; copper-zinc base alloys (brass) unwroughts amounted to $6,527 per ton, picking up by 8.5% against the previous year. Over the period under review, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +3.7% 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; copper-zinc base alloys (brass) unwroughts increased by +79.3% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 65%. The export price peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($13,302 per ton), while the average price for exports to Sri Lanka ($989 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 China (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Australia (CIF) - 2022

The average import price for copper; copper-zinc base alloys (brass) unwroughts stood at $7,190 per ton in 2022, standing approx. at the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 68%. The import price peaked in 2022 and is likely to see steady 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 Japan ($8,004 per ton), while the price for Austria ($235 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+1.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Australia

In 2022, shipments abroad of copper; copper-zinc base alloys (brass) unwroughts decreased by -15.8% to 1.8K tons, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2020 with an increase of 33% against the previous year. As a result, the exports attained the peak of 4.2K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of copper; copper-zinc base alloys (brass) unwroughts reduced to $11M in 2022. Over the period under review, exports recorded a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 0.6%. As a result, the exports attained the peak of $15M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Copper; Copper-Zinc Base Alloys (Brass) Unwrought from Australia in 2022:

1. China (594.9 tons)
2. South Korea (110.7 tons)
3. Malaysia (86.0 tons)
4. Brazil (24.9 tons)
5. Sri Lanka (20.3 tons)
6. India (20.2 tons)
7. Taiwan (Chinese) (20.0 tons)
8. New Zealand (0.8 tons)

Imports of Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Australia

In 2022, approx. 786 tons of copper; copper-zinc base alloys (brass) unwroughts were imported into Australia; waning by -3.1% against the previous year's figure. The total import volume increased at an average annual rate of +6.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 33% against the previous year. As a result, imports reached the peak of 811 tons, and then contracted slightly in the following year.

In value terms, imports of copper; copper-zinc base alloys (brass) unwroughts reduced slightly to $5.7M in 2022. Overall, imports, however, posted prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by 81%. As a result, imports reached the peak of $5.8M, and then reduced slightly in the following year.

Top Suppliers of Copper; Copper-Zinc Base Alloys (Brass) Unwrought to Australia in 2022:

1. United States (113.5 tons)
2. Japan (96.8 tons)
3. New Zealand (79.4 tons)
4. Italy (77.4 tons)
5. Austria (14.4 tons)

Source: IndexBox Market Intelligence Platform