Price for Copper; Refined, Unwrought, Billets in Hong Kong SAR - 2022
Contents:
- Price for Copper; Refined, Unwrought, Billets in Hong Kong SAR (CIF) - 2022
- Imports of Copper; Refined, Unwrought, Billets in Hong Kong SAR
Price for Copper; Refined, Unwrought, Billets in Hong Kong SAR (CIF) - 2022
In 2022, the average copper; refined, unwrought, billets import price amounted to $12,010 per ton, with an increase of 16% against the previous year. Overall, the import price saw a perceptible expansion. The pace of growth was the most pronounced in 2015 an increase of 256% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($27,104 per ton), while the price for India ($9,086 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+20.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Copper; Refined, Unwrought, Billets in Hong Kong SAR
In 2022, supplies from abroad of copper; refined, unwrought, billetses decreased by -61.7% to 24 tons, falling for the second year in a row after two years of growth. Overall, imports recorded a dramatic downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 420%. As a result, imports reached the peak of 261 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, copper; refined, unwrought, billets imports shrank rapidly to $290K in 2022. In general, imports saw a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 319% against the previous year. As a result, imports attained the peak of $1.5M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Copper; Refined, Unwrought, Billets in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 114 | 475 | 158 | 136 | 6.1% |
| Japan | 173 | 282 | 465 | 110 | -14.0% |
| Finland | 59.1 | 135 | 27.1 | 43.4 | -9.8% |
| South Korea | N/A | 561 | N/A | N/A | 0% |
| Others | 0.9 | 1.2 | 1.3 | 0.7 | -8.0% |
| Total | 347 | 1,454 | 652 | 290 | -5.8% |
Top Suppliers of Copper; Refined, Unwrought, Billets to Hong Kong SAR in 2022:
- India (15.0 tons)
- Japan (7.6 tons)
- Finland (1.6 tons)
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