Hong Kong SAR, China - Copper; bars, rods and profiles - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

Hong Kong SAR, China - Copper; bars, rods and profiles - Market Analysis, Forecast, Size, Trends and Insights

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Price for Copper Bar, Rod and Profile in Hong Kong SAR - 2023

Contents:

  1. Price for Copper Bar, Rod and Profile in Hong Kong SAR (CIF) - 2023
  2. Price for Copper Bar, Rod and Profile in Hong Kong SAR (FOB) - 2023
  3. Imports of Copper Bar, Rod and Profile in Hong Kong SAR
  4. Exports of Copper Bar, Rod and Profile in Hong Kong SAR

Price for Copper Bar, Rod and Profile in Hong Kong SAR (CIF) - 2023

In August 2023, the average import price for copper bars, rods and profiles amounted to $8,689 per ton, falling by -20.6% against the previous month. Over the period under review, the import price recorded a pronounced contraction. The pace of growth was the most pronounced in January 2023 an increase of 28% month-to-month. The import price peaked at $12,559 per ton in September 2022; however, from October 2022 to August 2023, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In August 2023, the countries with the highest prices were Japan ($8,662 per ton) and China ($8,481 per ton), while the price for South Korea ($6,655 per ton) and Thailand ($8,363 per ton) were amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Italy (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper Bar, Rod and Profile in Hong Kong SAR (FOB) - 2023

The average export price for copper bars, rods and profiles stood at $7,680 per ton in August 2023, declining by -1.9% against the previous month. Over the period under review, the export price showed a perceptible downturn. The pace of growth was the most pronounced in September 2022 an increase of 176% month-to-month. As a result, the export price attained the peak level of $29,708 per ton. From October 2022 to August 2023, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Italy ($22,737 per ton), while the average price for exports to China ($7,194 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bar, Rod and Profile in Hong Kong SAR

In 2022, the amount of copper bars, rods and profiles imported into Hong Kong SAR shrank remarkably to 2.2K tons, with a decrease of -54% compared with 2021. Overall, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 38% against the previous year. As a result, imports attained the peak of 4.8K tons, and then fell remarkably in the following year.

In value terms, copper bar, rod and profile imports plummeted to $23M in 2022. In general, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 64%. As a result, imports attained the peak of $43M, and then dropped sharply in the following year.

Import of Copper Bar, Rod and Profile in Hong Kong SAR (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Thailand2.53.34.34.925.1%
China3.63.24.04.79.3%
Malaysia5.02.94.14.3-4.9%
Japan9.77.89.83.6-28.1%
South Korea3.84.612.22.6-11.9%
Taiwan (Chinese)3.91.84.20.5-49.6%
United Kingdom0.1N/AN/A0.10.0%
Others4.02.74.42.4-15.7%
Total32.626.343.023.0-11.0%

Top Suppliers of Copper Bar, Rod and Profile to Hong Kong SAR in 2022:

  1. Thailand (471.6 tons)
  2. China (466.5 tons)
  3. Malaysia (402.9 tons)
  4. Japan (363.0 tons)
  5. South Korea (341.6 tons)
  6. Taiwan (Chinese) (58.5 tons)
  7. United Kingdom (33.9 tons)

Exports of Copper Bar, Rod and Profile in Hong Kong SAR

In 2022, approx. 1.1K tons of copper bars, rods and profiles were exported from Hong Kong SAR; falling by -70% compared with 2021 figures. Over the period under review, exports showed a significant decline. The most prominent rate of growth was recorded in 2021 when exports increased by 98% against the previous year. As a result, the exports reached the peak of 3.8K tons, and then shrank remarkably in the following year.

In value terms, copper bar, rod and profile exports fell sharply to $13M in 2022. Overall, exports recorded a deep setback. The pace of growth was the most pronounced in 2021 with an increase of 119% against the previous year. As a result, the exports reached the peak of $33M, and then contracted remarkably in the following year.

Export of Copper Bar, Rod and Profile in Hong Kong SAR (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China19.314.732.412.6-13.2%
Others0.80.61.10.80.0%
Total20.115.333.513.4-12.6%

Top Export Markets for Copper Bar, Rod and Profile from Hong Kong SAR in 2022:

  1. China (1103.1 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for copper bar, rod and profile in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 24442200 - Copper and copper alloy bars, rods, profiles and hollow profiles (excluding bars and rods obtained by casting or sintering, copper wire rod in coils)

Country coverage:

  • Hong Kong SAR

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Hong Kong SAR, China
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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