Price for Copper; Washers, (Including Spring Washers), Not Threaded in New Zealand - 2023
Contents:
- Price for Copper; Washers, (Including Spring Washers), Not Threaded in New Zealand (FOB) - 2023
- Price for Copper; Washers, (Including Spring Washers), Not Threaded in New Zealand (CIF) - 2022
- Exports of Copper; Washers, (Including Spring Washers), Not Threaded in New Zealand
- Imports of Copper; Washers, (Including Spring Washers), Not Threaded in New Zealand
Price for Copper; Washers, (Including Spring Washers), Not Threaded in New Zealand (FOB) - 2023
In December 2023, the average export price for copper; washers, (including spring washers), not threadeds amounted to $17,566 per ton, dropping by -96.6% against the previous month. Over the period under review, the export price showed a slight curtailment. The pace of growth appeared the most rapid in November 2023 when the average export price increased by 2,453% against the previous month. As a result, the export price reached the peak level of $523K per ton, and then plummeted in the following month.
As there is only one major export destination, the average price level is determined by prices for the United States.
From December 2022 to December 2023, the rate of growth in terms of prices for the United States amounted to -1.7% per month.
Price for Copper; Washers, (Including Spring Washers), Not Threaded in New Zealand (CIF) - 2022
The average import price for copper; washers, (including spring washers), not threadeds stood at $18,142 per ton in 2022, shrinking by -12.7% against the previous year. In general, the import price, however, recorded resilient growth. The growth pace was the most rapid in 2016 an increase of 121% against the previous year. The import price peaked at $20,773 per ton in 2021, and then dropped in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($73,494 per ton), while the price for India ($4,170 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+18.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Copper; Washers, (Including Spring Washers), Not Threaded in New Zealand
In 2022, approx. 52 tons of copper; washers, (including spring washers), not threadeds were exported from New Zealand; increasing by 4.9% on 2021. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.9% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 46%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, exports of copper; washers, (including spring washers), not threadeds rose notably to $905K in 2022. Overall, exports posted a significant expansion. The growth pace was the most rapid in 2021 with an increase of 55%. The exports peaked in 2022 and are expected to retain growth in the near future.
Export of Copper; Washers, (Including Spring Washers), Not Threaded in New Zealand (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 421 | 500 | 788 | 898 | 28.7% |
Others | 12.7 | 11.3 | 3.7 | 6.9 | -18.4% |
Total | 434 | 511 | 792 | 905 | 27.8% |
Top Export Markets for Copper; Washers, (Including Spring Washers), Not Threaded from New Zealand in 2022:
- United States (52.0 tons)
Imports of Copper; Washers, (Including Spring Washers), Not Threaded in New Zealand
In 2022, overseas purchases of copper; washers, (including spring washers), not threadeds decreased by -0.3% to 8.5 tons, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 16%. As a result, imports attained the peak of 10 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of copper; washers, (including spring washers), not threadeds shrank to $155K in 2022. The total import value increased at an average annual rate of +3.0% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 52% against the previous year. As a result, imports attained the peak of $178K, and then shrank in the following year.
Import of Copper; Washers, (Including Spring Washers), Not Threaded in New Zealand (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Taiwan (Chinese) | 29.7 | 30.6 | 54.4 | 41.2 | 11.5% |
China | 9.3 | 14.3 | 7.6 | 27.4 | 43.4% |
Australia | 28.6 | 13.8 | 21.3 | 24.3 | -5.3% |
Germany | 8.8 | 7.6 | 11.3 | 14.7 | 18.7% |
United States | 12.0 | 11.1 | 19.1 | 12.2 | 0.6% |
Sweden | N/A | N/A | 0.2 | 6.9 | 3350.0% |
United Kingdom | 36.6 | 3.1 | 39.6 | 3.3 | -55.2% |
Italy | 4.8 | 15.0 | 3.9 | 2.2 | -22.9% |
India | 0.2 | 2.4 | 0.7 | 0.9 | 65.1% |
Others | 11.6 | 18.7 | 19.7 | 21.6 | 23.0% |
Total | 142 | 117 | 178 | 155 | 3.0% |
Top Suppliers of Copper; Washers, (Including Spring Washers), Not Threaded to New Zealand in 2022:
- China (3583.0 kg)
- Taiwan (Chinese) (1783.0 kg)
- Australia (1032.0 kg)
- Germany (897.0 kg)
- India (212.0 kg)
- Sweden (203.0 kg)
- United States (166.0 kg)
- Italy (114.0 kg)
- United Kingdom (44.0 kg)
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