Price for Copper Plates, Sheets and Strip in Australia - 2023
Contents:
- Price for Copper Plates, Sheets and Strip in Australia (CIF) - 2023
- Price for Copper Plates, Sheets and Strip in Australia (FOB) - 2022
- Imports of Copper Plates, Sheets and Strip in Australia
- Exports of Copper Plates, Sheets and Strip in Australia
Price for Copper Plates, Sheets and Strip in Australia (CIF) - 2023
In August 2023, the average import price for copper plates, sheets and strips amounted to $10,883 per ton, falling by -9.5% against the previous month. Overall, the import price showed a slight slump. The most prominent rate of growth was recorded in March 2023 an increase of 23% month-to-month. The import price peaked at $13,337 per ton in September 2022; however, from October 2022 to August 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In August 2023, the countries with the highest prices were South Korea ($11,801 per ton) and China ($9,890 per ton), while the price for Germany ($8,811 per ton) and Thailand ($9,385 per ton) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Finland (+13.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Copper Plates, Sheets and Strip in Australia (FOB) - 2022
The average export price for copper plates, sheets and strips stood at $11,027 per ton in 2022, dropping by -8.7% against the previous year. Overall, export price indicated temperate growth 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 plates, sheets and strip export price decreased by -24.7% against 2020 indices. The pace of growth was the most pronounced in 2020 when the average export price increased by 79% against the previous year. As a result, the export price attained the peak level of $14,636 per ton. From 2021 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($75,143 per ton), while the average price for exports to Germany ($4,296 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 the United Arab Emirates (+45.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Copper Plates, Sheets and Strip in Australia
Copper plates, sheets and strip imports into Australia expanded significantly to 3.7K tons in 2022, surging by 8.9% against the previous year's figure. The total import volume increased at an average annual rate of +9.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 22% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, copper plates, sheets and strip imports skyrocketed to $46M in 2022. In general, imports posted a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 64% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Copper Plates, Sheets and Strip in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 6.3 | 8.7 | 17.1 | 20.2 | 47.5% |
| Germany | 6.8 | 4.9 | 6.7 | 8.3 | 6.9% |
| Thailand | 1.9 | 2.9 | 4.9 | 4.4 | 32.3% |
| China | 0.7 | 1.0 | 2.2 | 3.9 | 77.3% |
| Italy | 2.2 | 2.2 | 2.2 | 3.0 | 10.9% |
| Finland | 1.9 | 0.7 | 1.4 | 0.9 | -22.0% |
| Malaysia | 0.8 | 0.6 | 0.5 | 0.9 | 4.0% |
| Bulgaria | 0.6 | 0.5 | 0.8 | 0.8 | 10.1% |
| Others | 2.4 | 2.5 | 3.7 | 3.8 | 16.6% |
| Total | 23.6 | 24.0 | 39.5 | 46.1 | 25.0% |
Top Suppliers of Copper Plates, Sheets and Strip to Australia in 2022:
- South Korea (1362.9 tons)
- Germany (795.1 tons)
- Thailand (366.0 tons)
- China (338.4 tons)
- Italy (306.4 tons)
- Malaysia (84.6 tons)
- Bulgaria (79.4 tons)
- Finland (76.0 tons)
Exports of Copper Plates, Sheets and Strip in Australia
In 2022, exports of copper plates, sheets and strips from Australia skyrocketed to 126 tons, with an increase of 197% against the previous year's figure. Overall, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, copper plates, sheets and strip exports surged to $1.4M in 2022. In general, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Copper Plates, Sheets and Strip in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 383 | 253 | 297 | 483 | 8.0% |
| New Caledonia | N/A | 3.3 | 5.0 | 422 | 1030.8% |
| United States | 3.6 | 47.4 | 33.1 | 206 | 285.3% |
| Thailand | 5.5 | 2.5 | 12.7 | 148 | 199.7% |
| Japan | 16.9 | 10.3 | 45.8 | 24.6 | 13.3% |
| China | N/A | N/A | N/A | 19.7 | 0% |
| France | N/A | N/A | 9.7 | 19.5 | 101.0% |
| South Korea | N/A | 285 | N/A | N/A | 0% |
| Others | 77.0 | 3.5 | 108 | 62.7 | -6.6% |
| Total | 486 | 605 | 511 | 1,385 | 41.8% |
Top Export Markets for Copper Plates, Sheets and Strip from Australia in 2022:
- New Zealand (46.9 tons)
- New Caledonia (43.1 tons)
- Thailand (20.8 tons)
- Japan (3.8 tons)
- United States (2.8 tons)
- China (2.1 tons)
- France (2.0 tons)
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This report provides an in-depth analysis of the market for copper bars, wire and plates in Australia.
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This report provides an in-depth analysis of the global market for copper bars, wire and plates.
