Price for Copper; Refined, Unwrought, Wire-Bars in Australia - 2023
Contents:
- Price for Copper; Refined, Unwrought, Wire-Bars in Australia (FOB) - 2022
- Price for Copper; Refined, Unwrought, Wire-Bars in Australia (CIF) - 2022
- Exports of Copper; Refined, Unwrought, Wire-Bars in Australia
- Imports of Copper; Refined, Unwrought, Wire-Bars in Australia
Price for Copper; Refined, Unwrought, Wire-Bars in Australia (FOB) - 2022
The average copper; refined, unwrought, wire-bars export price stood at $6,008 per ton in 2022, jumping by 82% against the previous year. Over the period under review, the export price showed a remarkable increase. Over the period under review, the average export prices attained the peak figure at $6,075 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Fiji ($11,164 per ton), while the average price for exports to New Zealand ($4,269 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 Samoa (+204.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Copper; Refined, Unwrought, Wire-Bars in Australia (CIF) - 2022
The average copper; refined, unwrought, wire-bars import price stood at $137,500 per ton in 2022, with an increase of 2,801% against the previous year. Over the period under review, the import price showed significant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to +58.2% per year.
Exports of Copper; Refined, Unwrought, Wire-Bars in Australia
Copper; refined, unwrought, wire-bars exports from Australia declined sharply to 4.9 tons in 2022, with a decrease of -84.5% on the previous year. In general, exports recorded a sharp decline. The smallest decline of -40.9% was in 2020.
In value terms, copper; refined, unwrought, wire-bars exports dropped remarkably to $29K in 2022. Overall, exports faced a sharp shrinkage. The smallest decline of -8.8% was in 2020.
| Export of Copper; Refined, Unwrought, Wire-Bars in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 45.7 | 2.7 | 38.7 | 15.3 | -30.6% |
| Fiji | 1.0 | 1.9 | 4.6 | 13.6 | 138.7% |
| Papua New Guinea | 8.5 | 2.7 | 1.9 | 0.4 | -63.9% |
| Thailand | N/A | 14.1 | N/A | N/A | 0% |
| Malaysia | 349 | 138 | 52.8 | N/A | -61.1% |
| Others | 6.0 | 215 | 5.6 | N/A | -3.4% |
| Total | 411 | 374 | 104 | 29.3 | -58.5% |
Top Export Markets for Copper; Refined, Unwrought, Wire-Bars from Australia in 2022:
- New Zealand (3.6 tons)
- Fiji (1.2 tons)
- Papua New Guinea (0.1 tons)
Imports of Copper; Refined, Unwrought, Wire-Bars in Australia
In 2022, approx. 10 kg of copper; refined, unwrought, wire-barses were imported into Australia; reducing by -99.7% on 2021 figures. Over the period under review, imports showed a sharp decline. The pace of growth appeared the most rapid in 2021 with an increase of 87% against the previous year. As a result, imports attained the peak of 3.6 tons, and then declined significantly in the following year.
In value terms, copper; refined, unwrought, wire-bars imports fell rapidly to $1.4K in 2022. Overall, imports continue to indicate a dramatic descent. The most prominent rate of growth was recorded in 2021 when imports increased by 156%. As a result, imports reached the peak of $17K, and then fell markedly in the following year.
| Import of Copper; Refined, Unwrought, Wire-Bars in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | N/A | N/A | N/A | 1.4 | 0% |
| United States | 3.6 | 3.2 | 4.0 | N/A | 5.4% |
| Denmark | 2.1 | 1.8 | 0.7 | N/A | -42.3% |
| Singapore | N/A | N/A | 6.0 | N/A | 0% |
| Others | 1.5 | 1.8 | 6.4 | N/A | 106.6% |
| Total | 7.2 | 6.7 | 17.1 | 1.4 | -42.1% |
Top Suppliers of Copper; Refined, Unwrought, Wire-Bars to Australia in 2022:
- India (10.0 kg)
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