Price for Copper; Refined and Copper Alloys, Unwrought in Australia - 2024
Contents:
- Price for Copper; Refined and Copper Alloys, Unwrought in Australia (FOB) - 2024
- Price for Copper; Refined and Copper Alloys, Unwrought in Australia (CIF) - 2022
- Exports of Copper; Refined and Copper Alloys, Unwrought in Australia
- Imports of Copper; Refined and Copper Alloys, Unwrought in Australia
Price for Copper; Refined and Copper Alloys, Unwrought in Australia (FOB) - 2024
The average export price for copper; refined and copper alloys, unwroughts stood at $8,231 per ton in January 2024, with an increase of 1.9% against the previous month. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in February 2023 when the average export price increased by 8.4% m-o-m. As a result, the export price reached the peak level of $8,745 per ton. From March 2023 to January 2024, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In January 2024, the country with the highest price was Thailand ($8,343 per ton), while the average price for exports to South Korea ($2,069 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+0.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Copper; Refined and Copper Alloys, Unwrought in Australia (CIF) - 2022
In 2022, the average import price for copper; refined and copper alloys, unwroughts amounted to $9,437 per ton, almost unchanged from the previous year. Overall, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for copper; refined and copper alloys, unwroughts increased by +31.2% against 2018 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 37% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($17,818 per ton), while the price for Italy ($7,826 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Copper; Refined and Copper Alloys, Unwrought in Australia
After two years of decline, overseas shipments of copper; refined and copper alloys, unwroughts increased by 2.6% to 383K tons in 2022. Over the period under review, exports, however, recorded a slight slump.
In value terms, exports of copper; refined and copper alloys, unwroughts reached $3.3B in 2022. The total export value increased at an average annual rate of +7.7% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 35% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Copper; Refined and Copper Alloys, Unwrought in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 955 | 1,255 | 1,396 | 1,405 | 13.7% |
| Malaysia | 828 | 425 | 637 | 844 | 0.6% |
| Taiwan (Chinese) | 306 | 208 | 417 | 406 | 9.9% |
| Thailand | 222 | 187 | 279 | 266 | 6.2% |
| Vietnam | 184 | 161 | 225 | 175 | -1.7% |
| South Korea | 73.4 | 92.4 | 187 | 126 | 19.7% |
| Bangladesh | 69.5 | 30.2 | 33.3 | 75.5 | 2.8% |
| Others | 32.0 | 38.5 | 72.5 | 42.6 | 10.0% |
| Total | 2,671 | 2,397 | 3,247 | 3,340 | 7.7% |
Top Export Markets for Copper; Refined and Copper Alloys, Unwrought from Australia in 2022:
- China (158.8K tons)
- Malaysia (95.7K tons)
- Taiwan (Chinese) (46.6K tons)
- Thailand (32.5K tons)
- Vietnam (20.0K tons)
- South Korea (14.6K tons)
- Bangladesh (8.7K tons)
Imports of Copper; Refined and Copper Alloys, Unwrought in Australia
In 2022, the amount of copper; refined and copper alloys, unwroughts imported into Australia contracted sharply to 1.2K tons, shrinking by -27% against the previous year's figure. Over the period under review, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 5.7% against the previous year.
In value terms, imports of copper; refined and copper alloys, unwroughts declined notably to $11M in 2022. In general, imports continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 45%. As a result, imports reached the peak of $15M, and then declined significantly in the following year.
| Import of Copper; Refined and Copper Alloys, Unwrought in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 7.3 | 6.0 | 7.9 | 5.5 | -9.0% |
| United States | 1.2 | 1.6 | 1.2 | 1.4 | 5.3% |
| Japan | 0.7 | 0.9 | 1.5 | 1.1 | 16.3% |
| Spain | 0.8 | 0.8 | 1.3 | 1.0 | 7.7% |
| Italy | 0.2 | 0.2 | 0.5 | 0.6 | 44.2% |
| Canada | N/A | 0.1 | 0.9 | 0.5 | 123.6% |
| South Korea | 0.4 | 0.3 | 0.5 | 0.4 | 0.0% |
| China | 0.7 | 0.1 | 0.1 | 0.2 | -34.1% |
| Others | 0.6 | 0.3 | 1.2 | 0.4 | -12.6% |
| Total | 11.8 | 10.4 | 15.1 | 11.1 | -2.0% |
Top Suppliers of Copper; Refined and Copper Alloys, Unwrought to Australia in 2022:
- New Zealand (568.1 tons)
- United States (168.7 tons)
- Japan (138.7 tons)
- Spain (80.7 tons)
- Italy (77.5 tons)
- Canada (49.5 tons)
- South Korea (31.3 tons)
- China (11.7 tons)
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In February 2023, the refined copper price stood at $8,572 per ton (FOB, Australia), rising by 6.2% against the previous month.
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Explore the top import markets for copper, including China, the United States, Germany, Italy, and more. Learn about their import values and the role of copper in various industries.
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In February 2023, the refined copper price stood at $8,572 per ton (FOB, Australia), rising by 6.2% against the previous month.
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Explore the top import markets for copper, including China, the United States, Germany, Italy, and more. Learn about their import values and the role of copper in various industries.
2321
Global refined copper imports amounted to X tons in 2016, declining by -X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to X>
