Price for Copper; Refined, Unwrought, Wire-Bars in Hong Kong SAR - 2022

Contents:

1. Price for Copper; Refined, Unwrought, Wire-Bars in Hong Kong SAR (CIF) - 2022
2. Price for Copper; Refined, Unwrought, Wire-Bars in Hong Kong SAR (FOB) - 2022
3. Imports of Copper; Refined, Unwrought, Wire-Bars in Hong Kong SAR
4. Exports of Copper; Refined, Unwrought, Wire-Bars in Hong Kong SAR

Price for Copper; Refined, Unwrought, Wire-Bars in Hong Kong SAR (CIF) - 2022

In 2022, the average copper; refined, unwrought, wire-bars import price amounted to $6,307 per ton, leveling off at the previous year. Overall, the import price, however, recorded a pronounced contraction. The growth pace was the most rapid in 2013 an increase of 299% against the previous year. As a result, import price attained the peak level of $35,001 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($8,604 per ton), while the price for Canada ($4,734 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper; Refined, Unwrought, Wire-Bars in Hong Kong SAR (FOB) - 2022

In 2022, the average copper; refined, unwrought, wire-bars export price amounted to $2,507 per ton, rising by 448% against the previous year. In general, the export price, however, faced a deep setback. Over the period under review, the average export prices reached the maximum at $48,000 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($24,962 per ton), while the average price for exports to the Netherlands stood at $185 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+9.7%).

Imports of Copper; Refined, Unwrought, Wire-Bars in Hong Kong SAR

In 2022, the amount of copper; refined, unwrought, wire-barses imported into Hong Kong SAR surged to 215 tons, rising by 127% compared with 2021. Overall, imports continue to indicate significant growth. The growth pace was the most rapid in 2020 with an increase of 1,676% against the previous year. As a result, imports reached the peak of 336 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, copper; refined, unwrought, wire-bars imports surged to $1.4M in 2022. Over the period under review, imports showed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 2,818%. As a result, imports attained the peak of $2.1M. From 2021 to 2022, the growth of imports remained at a lower figure.

Top Suppliers of Copper; Refined, Unwrought, Wire-Bars to Hong Kong SAR in 2022:

1. United States (193.9 tons)
2. Canada (19.4 tons)

Exports of Copper; Refined, Unwrought, Wire-Bars in Hong Kong SAR

After three years of growth, shipments abroad of copper; refined, unwrought, wire-barses decreased by -90.1% to 13 tons in 2022. In general, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 72,073% against the previous year. As a result, the exports reached the peak of 136 tons, and then contracted dramatically in the following year.

In value terms, copper; refined, unwrought, wire-bars exports shrank remarkably to $34K in 2022. Overall, exports, however, posted significant growth. The pace of growth was the most pronounced in 2021 with an increase of 1,112% against the previous year. As a result, the exports attained the peak of $62K, and then fell rapidly in the following year.

Top Export Markets for Copper; Refined, Unwrought, Wire-Bars from Hong Kong SAR in 2022:

1. Netherlands (12.1 tons)
2. Singapore (1.3 tons)

Source: IndexBox Market Intelligence Platform