Price for Copper Oxides and Hydroxides in Hong Kong SAR - 2023

Contents:

1. Price for Copper Oxides and Hydroxides in Hong Kong SAR (CIF) - 2022
2. Price for Copper Oxides and Hydroxides in Hong Kong SAR (FOB) - 2023
3. Imports of Copper Oxides and Hydroxides in Hong Kong SAR
4. Exports of Copper Oxides and Hydroxides in Hong Kong SAR

Price for Copper Oxides and Hydroxides in Hong Kong SAR (CIF) - 2022

In 2022, the average copper oxides and hydroxides import price amounted to $8,778 per ton, remaining relatively unchanged against the previous year. Overall, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +4.2% 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 import price increased by +96.9% against 2019 indices. The growth pace was the most rapid in 2020 an increase of 65%. The import price peaked in 2022 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 China ($14,099 per ton), while the price for Japan ($6,407 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper Oxides and Hydroxides in Hong Kong SAR (FOB) - 2023

The average copper oxides and hydroxides export price stood at $8,803 per ton in June 2023, increasing by 47% against the previous month. In general, the export price, however, saw a noticeable shrinkage. The export price peaked at $11,265 per ton in June 2022; however, from July 2022 to June 2023, the export prices stood at a somewhat lower figure.

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

From June 2022 to June 2023, the rate of growth in terms of prices for China amounted to -2.0% per month.

Imports of Copper Oxides and Hydroxides in Hong Kong SAR

In 2022, approx. 266 tons of copper oxides and hydroxideses were imported into Hong Kong SAR; growing by 58% compared with the previous year's figure. Overall, imports continue to indicate a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, copper oxides and hydroxides imports surged to $2.3M in 2022. In general, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2021 with an increase of 64% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Copper Oxides and Hydroxides to Hong Kong SAR in 2022:

1. Thailand (174.3 tons)
2. Japan (60.1 tons)
3. Taiwan (Chinese) (30.7 tons)
4. China (1.0 tons)

Exports of Copper Oxides and Hydroxides in Hong Kong SAR

In 2022, the amount of copper oxides and hydroxideses exported from Hong Kong SAR skyrocketed to 193 tons, increasing by 44% compared with the year before. In general, exports showed a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 48% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, copper oxides and hydroxides exports surged to $1.5M in 2022. Overall, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Copper Oxides and Hydroxides from Hong Kong SAR in 2022:

1. China (192.6 tons)

Source: IndexBox Market Intelligence Platform