Price for Copper; Washers, (Including Spring Washers), Not Threaded in Australia - 2023

Contents:

1. Price for Copper; Washers, (Including Spring Washers), Not Threaded in Australia (CIF) - 2022
2. Price for Copper; Washers, (Including Spring Washers), Not Threaded in Australia (FOB) - 2022
3. Imports of Copper; Washers, (Including Spring Washers), Not Threaded in Australia
4. Exports of Copper; Washers, (Including Spring Washers), Not Threaded in Australia

Price for Copper; Washers, (Including Spring Washers), Not Threaded in Australia (CIF) - 2022

In 2022, the average import price for copper; washers, (including spring washers), not threadeds amounted to $1,846 per ton, with an increase of 1.7% against the previous year. In general, the import price, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2017 an increase of 86%. As a result, import price attained the peak level of $7,383 per ton. From 2018 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($10,822 per ton), while the price for Japan ($498 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.4%), while the prices for the other major suppliers experienced a decline.

Price for Copper; Washers, (Including Spring Washers), Not Threaded in Australia (FOB) - 2022

The average export price for copper; washers, (including spring washers), not threadeds stood at $30,568 per ton in 2022, growing by 299% against the previous year. Overall, the export price saw pronounced growth. The export price peaked at $37,251 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($69,306 per ton), while the average price for exports to China ($864 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 States (+21.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper; Washers, (Including Spring Washers), Not Threaded in Australia

For the fourth year in a row, Australia recorded growth in purchases abroad of copper; washers, (including spring washers), not threadeds, which increased by 0.5% to 408 tons in 2022. Over the period under review, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 105% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of copper; washers, (including spring washers), not threadeds rose to $754K in 2022. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 9.8%. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in years to come.

Top Suppliers of Copper; Washers, (Including Spring Washers), Not Threaded to Australia in 2022:

1. Japan (174.0 tons)
2. China (139.1 tons)
3. India (56.5 tons)
4. Germany (18.1 tons)
5. United States (10.6 tons)

Exports of Copper; Washers, (Including Spring Washers), Not Threaded in Australia

Exports of copper; washers, (including spring washers), not threadeds from Australia declined markedly to 3.8 tons in 2022, which is down by -81.3% compared with 2021 figures. In general, exports recorded a deep slump. The most prominent rate of growth was recorded in 2021 when exports increased by 778% against the previous year. As a result, the exports attained the peak of 20 tons, and then shrank significantly in the following year.

In value terms, exports of copper; washers, (including spring washers), not threadeds fell dramatically to $115K in 2022. Overall, exports, however, showed temperate growth. The growth pace was the most rapid in 2021 with an increase of 168%. As a result, the exports reached the peak of $154K, and then shrank notably in the following year.

Top Export Markets for Copper; Washers, (Including Spring Washers), Not Threaded from Australia in 2022:

1. New Zealand (1719.0 kg)
2. Papua New Guinea (931.0 kg)
3. Indonesia (435.0 kg)
4. United States (186.0 kg)
5. Singapore (150.0 kg)
6. Fiji (107.0 kg)
7. Belgium (60.0 kg)
8. South Africa (33.0 kg)
9. New Caledonia (22.0 kg)
10. China (22.0 kg)

Source: IndexBox Market Intelligence Platform