Price for Copper; Washers, (Including Spring Washers), Not Threaded in the United States - 2023

Contents:

1. Price for Copper; Washers, (Including Spring Washers), Not Threaded in the United States (CIF) - 2023
2. Price for Copper; Washers, (Including Spring Washers), Not Threaded in the United States (FOB) - 2022
3. Imports of Copper; Washers, (Including Spring Washers), Not Threaded in the United States
4. 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.

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

1. China (238.2 tons)
2. India (169.2 tons)
3. South Korea (143.0 tons)
4. Taiwan (Chinese) (132.1 tons)
5. Italy (82.1 tons)
6. New Zealand (47.3 tons)
7. Japan (44.9 tons)
8. Germany (34.2 tons)
9. 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.

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

1. Mexico (334.5 tons)
2. Canada (243.6 tons)
3. India (15.7 tons)

Source: IndexBox Market Intelligence Platform