Price for Copper; Washers, (Including Spring Washers), Not Threaded in the Philippines - 2023
Contents:
- Price for Copper; Washers, (Including Spring Washers), Not Threaded in the Philippines (CIF) - 2022
- Price for Copper; Washers, (Including Spring Washers), Not Threaded in the Philippines (FOB) - 2022
- Imports of Copper; Washers, (Including Spring Washers), Not Threaded in the Philippines
- Exports of Copper; Washers, (Including Spring Washers), Not Threaded in the Philippines
Price for Copper; Washers, (Including Spring Washers), Not Threaded in the Philippines (CIF) - 2022
In 2022, the average import price for copper; washers, (including spring washers), not threadeds amounted to $15,922 per ton, surging by 41% against the previous year. In general, the import price continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2018 when the average import price increased by 91% against the previous year. As a result, import price reached the peak level of $16,147 per ton. From 2019 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($43,765 per ton), while the price for China ($5,513 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Copper; Washers, (Including Spring Washers), Not Threaded in the Philippines (FOB) - 2022
The average export price for copper; washers, (including spring washers), not threadeds stood at $74,632 per ton in 2022, reducing by -19.6% against the previous year. Over the period under review, the export price faced a deep contraction. The export price peaked at $92,786 per ton in 2021, and then shrank sharply in the following year.
As there is only one major export destination, the average price level is determined by prices for Vietnam.
From 2021 to 2022, the rate of growth in terms of prices for Vietnam amounted to -60.2% per year.
Imports of Copper; Washers, (Including Spring Washers), Not Threaded in the Philippines
In 2022, approx. 30 tons of copper; washers, (including spring washers), not threadeds were imported into the Philippines; reducing by -81.6% compared with 2021. Overall, imports faced a abrupt descent. The growth pace was the most rapid in 2021 with an increase of 1,833%. As a result, imports reached the peak of 164 tons, and then reduced dramatically in the following year.
In value terms, imports of copper; washers, (including spring washers), not threadeds dropped sharply to $480K in 2022. Over the period under review, imports faced a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of 1,394%. As a result, imports reached the peak of $1.9M, and then shrank notably in the following year.
| Import of Copper; Washers, (Including Spring Washers), Not Threaded in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 442 | 4.6 | 139 | 219 | -20.9% |
| China | 81.4 | 19.6 | 13.9 | 69.4 | -5.2% |
| South Korea | 43.3 | N/A | 23.7 | 37.2 | -4.9% |
| Japan | 101 | 42.9 | 1,497 | 36.8 | -28.6% |
| Singapore | 27.0 | 39.5 | 88.7 | 26.7 | -0.4% |
| India | 0.5 | 0.1 | 0.5 | 15.2 | 212.1% |
| Germany | 7.0 | 0.7 | 45.7 | 12.1 | 20.0% |
| Others | 29.1 | 16.7 | 44.6 | 63.1 | 29.4% |
| Total | 731 | 124 | 1,853 | 480 | -13.1% |
Top Suppliers of Copper; Washers, (Including Spring Washers), Not Threaded to the Philippines in 2022:
- China (12.6 tons)
- South Korea (5.4 tons)
- Taiwan (Chinese) (5.0 tons)
- Japan (3.5 tons)
- India (1.2 tons)
- Singapore (0.7 tons)
- Germany (0.5 tons)
Exports of Copper; Washers, (Including Spring Washers), Not Threaded in the Philippines
In 2022, exports of copper; washers, (including spring washers), not threadeds from the Philippines skyrocketed to 76 kg, picking up by 443% against 2021 figures. Over the period under review, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of copper; washers, (including spring washers), not threadeds surged to $5.7K in 2022. In general, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Copper; Washers, (Including Spring Washers), Not Threaded in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Vietnam | 0.7 | 5.6 | 700.0% | ||
| China | 0.5 | N/A | 0% | ||
| Saudi Arabia | 0.1 | N/A | 0% | ||
| Others | N/A | 0.1 | 0% | ||
| Total | 1.3 | 5.7 | 338.5% | ||
Top Export Markets for Copper; Washers, (Including Spring Washers), Not Threaded from the Philippines in 2022:
- Vietnam (75.0 kg)
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