Price for Copper; Refined and Copper Alloys, Unwrought in Hong Kong SAR - 2023

Contents:

1. Price for Copper; Refined and Copper Alloys, Unwrought in Hong Kong SAR (CIF) - 2022
2. Price for Copper; Refined and Copper Alloys, Unwrought in Hong Kong SAR (FOB) - 2022
3. Imports of Copper; Refined and Copper Alloys, Unwrought in Hong Kong SAR
4. Exports of Copper; Refined and Copper Alloys, Unwrought in Hong Kong SAR

Price for Copper; Refined and Copper Alloys, Unwrought in Hong Kong SAR (CIF) - 2022

In 2022, the average import price for copper; refined and copper alloys, unwroughts amounted to $9,858 per ton, growing by 43% against the previous year. In general, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.6% 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 +90.4% against 2019 indices. The import price peaked at $11,326 per ton in 2018; however, from 2019 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 Malaysia ($13,112 per ton), while the price for Vietnam ($1,651 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+5.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Copper; Refined and Copper Alloys, Unwrought in Hong Kong SAR (FOB) - 2022

The average export price for copper; refined and copper alloys, unwroughts stood at $7,918 per ton in 2022, surging by 3.9% against the previous year. In general, the export price, however, saw a mild shrinkage. The pace of growth appeared the most rapid in 2017 when the average export price increased by 135%. As a result, the export price attained the peak level of $13,301 per ton. From 2018 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($35,260 per ton), while the average price for exports to China amounted to $7,537 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+16.3%).

Imports of Copper; Refined and Copper Alloys, Unwrought in Hong Kong SAR

In 2022, approx. 646 tons of copper; refined and copper alloys, unwroughts were imported into Hong Kong SAR; increasing by 27% compared with 2021 figures. Over the period under review, imports, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2021 when imports increased by 232% against the previous year.

In value terms, imports of copper; refined and copper alloys, unwroughts surged to $6.4M in 2022. In general, imports continue to indicate a tangible increase. The growth pace was the most rapid in 2021 when imports increased by 227%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.

Top Suppliers of Copper; Refined and Copper Alloys, Unwrought to Hong Kong SAR in 2022:

1. Malaysia (328.2 tons)
2. South Korea (141.3 tons)
3. United States (81.2 tons)
4. Taiwan (Chinese) (48.2 tons)
5. Vietnam (25.1 tons)
6. Germany (9.8 tons)
7. Austria (9.2 tons)

Exports of Copper; Refined and Copper Alloys, Unwrought in Hong Kong SAR

In 2022, the amount of copper; refined and copper alloys, unwroughts exported from Hong Kong SAR dropped remarkably to 780 tons, waning by -60% on the previous year's figure. Over the period under review, exports saw a dramatic decrease. The smallest decline of -32% was in 2020.

In value terms, exports of copper; refined and copper alloys, unwroughts fell notably to $6.2M in 2022. In general, exports showed a dramatic decline. The smallest decline of -27.6% was in 2020.

Top Export Markets for Copper; Refined and Copper Alloys, Unwrought from Hong Kong SAR in 2022:

1. China (772.6 tons)

Source: IndexBox Market Intelligence Platform