Price for Copper; Refined and Copper Alloys, Unwrought in New Zealand - 2024
Contents:
- Price for Copper; Refined and Copper Alloys, Unwrought in New Zealand (FOB) - 2024
- Price for Copper; Refined and Copper Alloys, Unwrought in New Zealand (CIF) - 2022
- Exports of Copper; Refined and Copper Alloys, Unwrought in New Zealand
- Imports of Copper; Refined and Copper Alloys, Unwrought in New Zealand
Price for Copper; Refined and Copper Alloys, Unwrought in New Zealand (FOB) - 2024
The average export price for copper; refined and copper alloys, unwroughts stood at $10,085 per ton in January 2024, rising by 5.1% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2023 when the average export price increased by 8.5% m-o-m. The export price peaked at $10,468 per ton in March 2023; however, from April 2023 to January 2024, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In January 2024, the country with the highest price was the United States ($10,242 per ton), while the average price for exports to Australia totaled $9,696 per ton.
From February 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to China (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Copper; Refined and Copper Alloys, Unwrought in New Zealand (CIF) - 2022
In 2022, the average import price for copper; refined and copper alloys, unwroughts amounted to $9,949 per ton, jumping by 21% against the previous year. In general, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +6.0% 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 +74.0% against 2019 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by 51% against the previous year. The import price peaked in 2022 and is likely to see steady 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 ($90,494 per ton), while the price for Australia ($3,494 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 (+33.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Copper; Refined and Copper Alloys, Unwrought in New Zealand
In 2022, after three years of growth, there was significant decline in overseas shipments of copper; refined and copper alloys, unwroughts, when their volume decreased by -19% to 1.8K tons. In general, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +11.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 40%.
In value terms, exports of copper; refined and copper alloys, unwroughts reduced to $19M in 2022. Overall, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 62% against the previous year. As a result, the exports attained the peak of $21M, and then dropped in the following year.
| Export of Copper; Refined and Copper Alloys, Unwrought in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 6.8 | 4.4 | 11.7 | 8.8 | 9.0% |
| Thailand | 0.1 | 2.8 | 1.5 | 3.6 | 230.2% |
| China | 0.8 | 1.0 | 1.9 | 1.2 | 14.5% |
| Philippines | 0.1 | 0.7 | 0.5 | 1.0 | 115.4% |
| United States | 0.7 | 0.1 | 0.8 | 0.9 | 8.7% |
| United Kingdom | 0.1 | 0.5 | 0.9 | 0.6 | 81.7% |
| Saudi Arabia | N/A | 0.1 | 0.3 | 0.5 | 123.6% |
| Taiwan (Chinese) | N/A | 1.1 | 1.1 | 0.5 | -32.6% |
| Singapore | N/A | 0.3 | 0.2 | 0.5 | 29.1% |
| Ecuador | 0.2 | 0.4 | 0.2 | 0.4 | 26.0% |
| Indonesia | N/A | 0.4 | 0.3 | 0.3 | -13.4% |
| Hong Kong SAR | N/A | 0.1 | 0.8 | 0.2 | 41.4% |
| Others | 0.6 | 1.2 | 1.1 | 0.7 | 5.3% |
| Total | 9.5 | 13.1 | 21.2 | 19.3 | 26.7% |
Top Export Markets for Copper; Refined and Copper Alloys, Unwrought from New Zealand in 2022:
- Australia (806.3 tons)
- Thailand (336.8 tons)
- China (118.1 tons)
- Philippines (101.0 tons)
- United States (84.4 tons)
- United Kingdom (70.0 tons)
- Saudi Arabia (51.8 tons)
- Taiwan (Chinese) (49.9 tons)
- Singapore (48.7 tons)
- Ecuador (32.1 tons)
- Indonesia (23.1 tons)
- Hong Kong SAR (19.1 tons)
Imports of Copper; Refined and Copper Alloys, Unwrought in New Zealand
In 2022, imports of copper; refined and copper alloys, unwroughts into New Zealand contracted markedly to 99 tons, shrinking by -46.1% on 2021 figures. In general, imports continue to indicate a precipitous contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 140%.
In value terms, imports of copper; refined and copper alloys, unwroughts dropped significantly to $983K in 2022. Over the period under review, imports continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 232% against the previous year. As a result, imports attained the peak of $1.5M, and then shrank significantly in the following year.
| Import of Copper; Refined and Copper Alloys, Unwrought in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 686 | 122 | 1,168 | 834 | 6.7% |
| France | N/A | N/A | N/A | 38.3 | 0% |
| Australia | 91.2 | 67.9 | 112 | 33.2 | -28.6% |
| United Kingdom | 237 | 173 | 0.1 | 16.1 | -59.2% |
| Italy | 2.3 | 2.4 | 207 | 13.5 | 80.4% |
| Others | 97.1 | 90.2 | 24.7 | 47.9 | -21.0% |
| Total | 1,113 | 456 | 1,512 | 983 | -4.1% |
Top Suppliers of Copper; Refined and Copper Alloys, Unwrought to New Zealand in 2022:
- China (83.3 tons)
- Australia (9.5 tons)
- France (2.4 tons)
- Italy (1.5 tons)
- United Kingdom (0.2 tons)
251
This report provides an in-depth analysis of the copper market in New Zealand.
1193
This report provides an in-depth analysis of the global copper market.
560
This report provides an in-depth analysis of the global copper market.
251
This report provides an in-depth analysis of the copper market in New Zealand.
484
Global Unwrought Copper Alloy Market Report 2018. This report provides an in-depth analysis of the global unwrought copper alloy market.
1193
This report provides an in-depth analysis of the global copper market.
560
This report provides an in-depth analysis of the global copper market.
243
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>
243
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>
