Price for Copper; Powders and Flakes in Hong Kong SAR - 2023

Contents:

  1. Price for Copper; Powders and Flakes in Hong Kong SAR (FOB) - 2022
  2. Price for Copper; Powders and Flakes in Hong Kong SAR (CIF) - 2022
  3. Exports of Copper; Powders and Flakes in Hong Kong SAR
  4. Imports of Copper; Powders and Flakes in Hong Kong SAR

Price for Copper; Powders and Flakes in Hong Kong SAR (FOB) - 2022

The average copper; powders and flakes export price stood at $4,231 per ton in 2022, with a decrease of -31.7% against the previous year. Over the period under review, the export price continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2013 an increase of 22% against the previous year. The export price peaked at $14,384 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($6,210 per ton), while the average price for exports to Malaysia totaled $2,292 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (-3.3%).

Price for Copper; Powders and Flakes in Hong Kong SAR (CIF) - 2022

The average copper; powders and flakes import price stood at $11,274 per ton in 2022, rising by 30% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 46%. The import price peaked at $12,571 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Japan ($76,112 per ton), while the price for Malaysia ($4,979 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+18.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Copper; Powders and Flakes in Hong Kong SAR

In 2022, the amount of copper; powders and flakeses exported from Hong Kong SAR totaled 1.6K tons, growing by 11% against 2021 figures. In general, exports, however, saw a deep slump. The pace of growth was the most pronounced in 2020 when exports increased by 248% against the previous year. As a result, the exports reached the peak of 8.2K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, copper; powders and flakes exports fell markedly to $6.7M in 2022. Over the period under review, exports, however, showed a dramatic shrinkage. The pace of growth appeared the most rapid in 2020 when exports increased by 98% against the previous year. As a result, the exports attained the peak of $48M. From 2021 to 2022, the growth of the exports failed to regain momentum.

Export of Copper; Powders and Flakes in Hong Kong SAR (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China24.247.98.44.7-42.1%
MalaysiaN/AN/AN/A1.80%
Others0.10.20.30.10.0%
Total24.348.18.86.7-34.9%

Top Export Markets for Copper; Powders and Flakes from Hong Kong SAR in 2022:

  1. Malaysia (802.3 tons)
  2. China (763.3 tons)

Imports of Copper; Powders and Flakes in Hong Kong SAR

In 2022, overseas purchases of copper; powders and flakeses decreased by -40.6% to 539 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of 34%.

In value terms, copper; powders and flakes imports shrank dramatically to $6.1M in 2022. The total import value increased at an average annual rate of +2.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 24%. As a result, imports reached the peak of $7.9M, and then dropped markedly in the following year.

Import of Copper; Powders and Flakes in Hong Kong SAR (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States2.61.84.32.2-5.4%
Malaysia1.20.30.81.712.3%
Japan0.71.11.61.426.0%
China0.22.30.10.426.0%
Germany0.50.30.20.3-15.7%
South KoreaN/A0.50.5N/A0.0%
Taiwan (Chinese)N/AN/A0.3N/A0%
Others0.30.10.10.1-30.7%
Total5.66.47.96.12.9%

Top Suppliers of Copper; Powders and Flakes to Hong Kong SAR in 2022:

  1. Malaysia (336.4 tons)
  2. United States (133.8 tons)
  3. China (24.7 tons)
  4. Germany (22.2 tons)
  5. Japan (18.1 tons)
  6. South Korea (0.2 tons)

Source: IndexBox Market Intelligence Platform

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