Price for Copper; Washers, (Including Spring Washers), Not Threaded in the United States - 2023
Contents:
- Price for Copper; Washers, (Including Spring Washers), Not Threaded in the United States (CIF) - 2023
- Price for Copper; Washers, (Including Spring Washers), Not Threaded in the United States (FOB) - 2022
- Imports of Copper; Washers, (Including Spring Washers), Not Threaded in the United States
- Exports of Copper; Washers, (Including Spring Washers), Not Threaded in the United States
Price for Copper; Washers, (Including Spring Washers), Not Threaded in the United States (CIF) - 2023
The average import price for copper; washers, (including spring washers), not threadeds stood at $16,051 per ton in December 2023, reducing by -20.9% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in June 2023 when the average import price increased by 52% against the previous month. As a result, import price reached the peak level of $21,666 per ton. From July 2023 to December 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($55,537 per ton), while the price for Israel ($3,277 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Japan (+7.8%), 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 United States (FOB) - 2022
In 2022, the average export price for copper; washers, (including spring washers), not threadeds amounted to $23,501 per ton, with an increase of 13% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 17% against the previous year. Over the period under review, the average export prices hit record highs at $23,845 per ton in 2015; however, from 2016 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 Taiwan (Chinese) ($68,778 per ton), while the average price for exports to Canada ($12,186 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 Taiwan (Chinese) (+29.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Copper; Washers, (Including Spring Washers), Not Threaded in the United States
In 2022, imports of copper; washers, (including spring washers), not threadeds into the United States skyrocketed to 949 tons, rising by 51% on 2021. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +13.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +87.6% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of copper; washers, (including spring washers), not threadeds surged to $17M in 2022. Overall, imports posted prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Copper; Washers, (Including Spring Washers), Not Threaded in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 0.8 | 0.7 | 1.3 | 2.8 | 51.8% |
Taiwan (Chinese) | 1.3 | 1.0 | 1.6 | 2.5 | 24.4% |
China | 1.8 | 1.2 | 1.5 | 2.4 | 10.1% |
Germany | 1.0 | 1.1 | 1.5 | 1.7 | 19.3% |
Mexico | 1.7 | 0.5 | 1.7 | 1.6 | -2.0% |
South Korea | 0.7 | 0.4 | 0.8 | 1.1 | 16.3% |
Italy | 0.9 | 0.6 | 0.6 | 1.0 | 3.6% |
New Zealand | 0.4 | 0.3 | 0.5 | 0.9 | 31.0% |
Japan | 0.8 | 0.6 | 0.7 | 0.8 | 0.0% |
Others | 1.3 | 1.0 | 1.1 | 1.7 | 9.4% |
Total | 10.6 | 7.4 | 11.0 | 16.5 | 15.9% |
Top Suppliers of Copper; Washers, (Including Spring Washers), Not Threaded to the United States in 2022:
- China (238.2 tons)
- India (169.2 tons)
- South Korea (143.0 tons)
- Taiwan (Chinese) (132.1 tons)
- Italy (82.1 tons)
- New Zealand (47.3 tons)
- Japan (44.9 tons)
- Germany (34.2 tons)
- Mexico (29.0 tons)
Exports of Copper; Washers, (Including Spring Washers), Not Threaded in the United States
In 2022, after two years of decline, there was significant growth in overseas shipments of copper; washers, (including spring washers), not threadeds, when their volume increased by 33% to 667 tons. The total export volume increased at an average annual rate of +7.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 $16M in 2022. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +14.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +71.0% against 2020 indices. 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 United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mexico | 6.2 | 4.8 | 6.3 | 8.9 | 12.8% |
Canada | 2.4 | 2.7 | 2.2 | 3.0 | 7.7% |
India | 0.1 | 0.1 | 0.2 | 0.6 | 81.7% |
Others | 1.7 | 1.5 | 1.7 | 3.2 | 23.5% |
Total | 10.5 | 9.2 | 10.4 | 15.7 | 14.4% |
Top Export Markets for Copper; Washers, (Including Spring Washers), Not Threaded from the United States in 2022:
- Mexico (334.5 tons)
- Canada (243.6 tons)
- India (15.7 tons)
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