Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Hong Kong SAR - 2024
Contents:
- Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Hong Kong SAR (CIF) - 2022
- Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Hong Kong SAR (FOB) - 2022
- Imports of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Hong Kong SAR
- Exports of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Hong Kong SAR
Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for copper; refined, unwrought, cathodes and sections of cathodeses amounted to $8,830 per ton, falling by -4.9% against the previous year. In general, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for copper; refined, unwrought, cathodes and sections of cathodeses increased by +61.1% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 40% against the previous year. As a result, import price reached the peak level of $9,653 per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Democratic Republic of the Congo ($8,844 per ton), while the price for Zambia stood at $8,783 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Democratic Republic of the Congo (+8.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Hong Kong SAR (FOB) - 2022
The average export price for copper; refined, unwrought, cathodes and sections of cathodeses stood at $6,972 per ton in 2022, stabilizing at the previous year. Overall, the export price showed a mild curtailment. The pace of growth was the most pronounced in 2017 when the average export price increased by 87%. Over the period under review, the average export prices attained the maximum at $14,158 per ton in 2018; however, from 2019 to 2022, 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 2012 to 2022, the rate of growth in terms of prices for China amounted to -1.2% per year.
Imports of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Hong Kong SAR
In 2022, imports of copper; refined, unwrought, cathodes and sections of cathodeses into Hong Kong SAR skyrocketed to 125K tons, picking up by 84% on 2021. In general, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 360%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of copper; refined, unwrought, cathodes and sections of cathodeses surged to $1.1B in 2022. Overall, imports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 490%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | N/A | 125 | 590 | 1,063 | 191.6% |
| Zambia | 24.4 | 21.4 | 35.1 | 33.8 | 11.5% |
| Others | 0.9 | 2.3 | 8.5 | 8.3 | 109.7% |
| Total | 25.3 | 149 | 633 | 1,105 | 252.2% |
Top Suppliers of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes to Hong Kong SAR in 2022:
- Democratic Republic of the Congo (120.2K tons)
- Zambia (3.8K tons)
Exports of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Hong Kong SAR
In 2022, the amount of copper; refined, unwrought, cathodes and sections of cathodeses exported from Hong Kong SAR skyrocketed to 36 tons, growing by 157% compared with the year before. Overall, exports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 3,400%.
In value terms, exports of copper; refined, unwrought, cathodes and sections of cathodeses soared to $251K in 2022. In general, exports, however, faced a precipitous slump. The most prominent rate of growth was recorded in 2021 when exports increased by 3,392% against the previous year.
| Export of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 341 | 1.4 | 49.2 | 125 | -28.4% |
| Others | 341 | 1.4 | 49.2 | 125 | -28.4% |
| Total | 682 | 2.8 | 98.3 | 251 | -28.3% |
Top Export Markets for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes from Hong Kong SAR in 2022:
- China (18.0 tons)
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