Price for Copper; Powders and Flakes in New Zealand - 2023

Contents:

1. Price for Copper; Powders and Flakes in New Zealand (CIF) - 2022
2. Price for Copper; Powders and Flakes in New Zealand (FOB) - 2023
3. Imports of Copper; Powders and Flakes in New Zealand
4. Exports of Copper; Powders and Flakes in New Zealand

Price for Copper; Powders and Flakes in New Zealand (CIF) - 2022

In 2022, the average copper; powders and flakes import price amounted to $14,524 per ton, increasing by 6.7% against the previous year. In general, the import price, however, showed a perceptible shrinkage. The growth pace was the most rapid in 2013 an increase of 42% against the previous year. As a result, import price attained the peak level of $27,100 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($14,875 per ton) and Germany ($14,727 per ton), while the price for the United States ($13,885 per ton) and Australia ($13,978 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper; Powders and Flakes in New Zealand (FOB) - 2023

In July 2023, the average copper; powders and flakes export price amounted to $13,656 per ton, approximately equating the previous month. Over the period under review, the export price recorded a mild setback. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 3.1% m-o-m. Over the period under review, the average export prices attained the peak figure at $14,334 per ton in February 2023; however, from March 2023 to July 2023, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In July 2023, the country with the highest price was Malaysia ($13,656 per ton), while the average price for exports to Germany totaled $13,656 per ton.

From February 2023 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper; Powders and Flakes in New Zealand

In 2022, supplies from abroad of copper; powders and flakeses decreased by -46.2% to 8.5 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, posted tangible growth. The pace of growth was the most pronounced in 2020 when imports increased by 64% against the previous year.

In value terms, copper; powders and flakes imports contracted markedly to $123K in 2022. Overall, imports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 69%. As a result, imports attained the peak of $214K, and then contracted markedly in the following year.

Top Suppliers of Copper; Powders and Flakes to New Zealand in 2022:

1. United States (undefined tons)
2. Germany (5.3 tons)
3. United Kingdom (1.2 tons)
4. India (0.9 tons)
5. China (0.6 tons)
6. Australia (0.2 tons)
7. Italy (0.1 tons)

Exports of Copper; Powders and Flakes in New Zealand

In 2022, the amount of copper; powders and flakeses exported from New Zealand surged to 17 tons, rising by 229% against 2021 figures. Over the period under review, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, copper; powders and flakes exports skyrocketed to $178K in 2022. Overall, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Copper; Powders and Flakes from New Zealand in 2022:

1. Hong Kong SAR (10.1 tons)
2. Malaysia (5.8 tons)
3. Australia (0.8 tons)

Source: IndexBox Market Intelligence Platform