Price for Copper; Refined, Unwrought, Billets in Australia - 2023
Contents:
- Price for Copper; Refined, Unwrought, Billets in Australia (CIF) - 2022
- Price for Copper; Refined, Unwrought, Billets in Australia (FOB) - 2022
- Imports of Copper; Refined, Unwrought, Billets in Australia
- Exports of Copper; Refined, Unwrought, Billets in Australia
Price for Copper; Refined, Unwrought, Billets in Australia (CIF) - 2022
The average copper; refined, unwrought, billets import price stood at $5,117 per ton in 2022, reducing by -36.7% against the previous year. In general, the import price continues to indicate a pronounced descent. The pace of growth was the most pronounced in 2015 when the average import price increased by 47%. As a result, import price attained the peak level of $9,986 per ton. From 2016 to 2022, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for New Zealand amounted to +9.5% per year.
Price for Copper; Refined, Unwrought, Billets in Australia (FOB) - 2022
In 2022, the average copper; refined, unwrought, billets export price amounted to $17,286 per ton, shrinking by -31.1% against the previous year. Overall, the export price recorded a deep slump. The most prominent rate of growth was recorded in 2020 when the average export price increased by 29% against the previous year. The export price peaked at $47,575 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($43,750 per ton), while the average price for exports to Malaysia ($9,196 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lao People's Democratic Republic (+4.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Copper; Refined, Unwrought, Billets in Australia
In 2022, purchases abroad of copper; refined, unwrought, billetses decreased by -97.1% to 660 kg, falling for the second consecutive year after two years of growth. In general, imports saw a sharp reduction. The growth pace was the most rapid in 2020 when imports increased by 8.3% against the previous year. As a result, imports attained the peak of 45 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, copper; refined, unwrought, billets imports contracted significantly to $3.4K in 2022. Over the period under review, imports continue to indicate a dramatic slump. The most prominent rate of growth was recorded in 2020 with an increase of 7.7% against the previous year. As a result, imports attained the peak of $275K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Copper; Refined, Unwrought, Billets in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.9 | 5.1 | 4.0 | 3.4 | -16.8% |
| China | 23.8 | 27.6 | 28.7 | N/A | 9.8% |
| New Zealand | 210 | 238 | 145 | N/A | -16.9% |
| Others | 16.5 | 4.3 | 7.6 | N/A | -32.1% |
| Total | 256 | 275 | 185 | 3.4 | -76.3% |
Top Suppliers of Copper; Refined, Unwrought, Billets to Australia in 2022:
- United States (660.0 kg)
Exports of Copper; Refined, Unwrought, Billets in Australia
In 2022, overseas shipments of copper; refined, unwrought, billetses decreased by -8.1% to 761 kg for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 308% against the previous year. As a result, the exports attained the peak of 828 kg, and then contracted in the following year.
In value terms, copper; refined, unwrought, billets exports dropped significantly to $13K in 2022. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 276% against the previous year. As a result, the exports attained the peak of $21K, and then dropped dramatically in the following year.
| Export of Copper; Refined, Unwrought, Billets in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 0.2 | 0.7 | 10.0 | 6.1 | 212.4% |
| Ghana | 1.3 | 3.4 | 7.6 | 5.1 | 57.7% |
| Malaysia | 0.3 | 0.7 | 1.5 | 0.9 | 44.2% |
| Indonesia | 0.3 | 0.6 | 1.3 | 0.8 | 38.7% |
| Others | 0.3 | 0.2 | 0.3 | 0.2 | -12.6% |
| Total | 2.3 | 5.5 | 20.8 | 13.2 | 79.0% |
Top Export Markets for Copper; Refined, Unwrought, Billets from Australia in 2022:
- Ghana (490.0 kg)
- New Zealand (143.0 kg)
- Malaysia (102.0 kg)
- Indonesia (22.0 kg)
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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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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>
