Price for Copper Oxides and Hydroxides in China - 2023

Contents:

1. Price for Copper Oxides and Hydroxides in China (CIF) - 2022
2. Price for Copper Oxides and Hydroxides in China (FOB) - 2022
3. Imports of Copper Oxides and Hydroxides in China
4. Exports of Copper Oxides and Hydroxides in China

Price for Copper Oxides and Hydroxides in China (CIF) - 2022

The average copper oxides and hydroxides import price stood at $9,376 per ton in 2022, rising by 5.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The pace of growth was the most pronounced in 2021 an increase of 37%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($12,214 per ton) and the United States ($9,667 per ton), while the price for Vietnam ($9,086 per ton) and Norway ($9,123 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper Oxides and Hydroxides in China (FOB) - 2022

The average copper oxides and hydroxides export price stood at $11,011 per ton in 2022, increasing by 4.1% against the previous year. Over the period under review, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper oxides and hydroxides export price increased by +57.8% against 2019 indices. The growth pace was the most rapid in 2021 when the average export price increased by 35% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($23,430 per ton), while the average price for exports to South Korea ($8,989 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 Romania (+80.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Oxides and Hydroxides in China

In 2022, supplies from abroad of copper oxides and hydroxideses increased by 45% to 10K tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +1.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, copper oxides and hydroxides imports soared to $95M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +14.4% 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 +66.8% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Copper Oxides and Hydroxides to China in 2022:

1. Norway (4.7K tons)
2. United States (2.5K tons)
3. Germany (1.5K tons)
4. Vietnam (0.7K tons)
5. Japan (0.2K tons)

Exports of Copper Oxides and Hydroxides in China

In 2022, exports of copper oxides and hydroxideses from China skyrocketed to 715 tons, jumping by 74% on 2021. Overall, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, copper oxides and hydroxides exports skyrocketed to $7.9M in 2022. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 127% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Top Export Markets for Copper Oxides and Hydroxides from China in 2022:

1. Russia (138.1 tons)
2. Indonesia (127.1 tons)
3. Vietnam (63.0 tons)
4. Romania (45.4 tons)
5. South Africa (27.0 tons)
6. India (25.5 tons)
7. Portugal (25.0 tons)
8. South Korea (23.0 tons)
9. Peru (20.0 tons)
10. Greece (20.0 tons)
11. Australia (19.2 tons)
12. Poland (14.2 tons)
13. United Arab Emirates (12.5 tons)

Source: IndexBox Market Intelligence Platform