Price for Copper; Rivets, Cotters, Cotter-Pins and Similar Articles, Not Threaded in the United States - 2024
Contents:
- Price for Copper; Rivets, Cotters, Cotter-Pins and Similar Articles, Not Threaded in the United States (FOB) - 2022
- Price for Copper; Rivets, Cotters, Cotter-Pins and Similar Articles, Not Threaded in the United States (CIF) - 2024
- Exports of Copper; Rivets, Cotters, Cotter-Pins and Similar Articles, Not Threaded in the United States
- Imports of Copper; Rivets, Cotters, Cotter-Pins and Similar Articles, Not Threaded in the United States
Price for Copper; Rivets, Cotters, Cotter-Pins and Similar Articles, Not Threaded in the United States (FOB) - 2022
The average export price for copper; rivets, cotters, cotter-pins and similar articles, not threaded stood at $34,455 per ton in 2022, increasing by 14% against the previous year. Overall, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for copper; rivets, cotters, cotter-pins and similar articles, not threaded increased by +27.3% against 2020 indices. The growth pace was the most rapid in 2019 an increase of 27% against the previous year. As a result, the export price reached the peak level of $35,034 per ton. From 2020 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($189,219 per ton), while the average price for exports to Panama ($11,864 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 South Korea (+22.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Copper; Rivets, Cotters, Cotter-Pins and Similar Articles, Not Threaded in the United States (CIF) - 2024
The average import price for copper; rivets, cotters, cotter-pins and similar articles, not threaded stood at $30,203 per ton in December 2023, falling by -2.5% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 an increase of 33% m-o-m. The import price peaked at $44,361 per ton in August 2023; however, from September 2023 to December 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Switzerland ($88,119 per ton), while the price for China ($12,608 per ton) was amongst the lowest.
From February 2023 to December 2023, the most notable rate of growth in terms of prices was attained by Canada (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Copper; Rivets, Cotters, Cotter-Pins and Similar Articles, Not Threaded in the United States
In 2022, after three years of growth, there was significant decline in overseas shipments of copper; rivets, cotters, cotter-pins and similar articles, not threaded, when their volume decreased by -16.1% to 776 tons. The total export volume increased at an average annual rate of +4.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 32%. As a result, the exports attained the peak of 924 tons, and then shrank remarkably in the following year.
In value terms, exports of copper; rivets, cotters, cotter-pins and similar articles, not threaded dropped to $27M in 2022. The total export value increased at an average annual rate of +4.3% over the period from 2019 to 2022; however, 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 47% against the previous year. As a result, the exports reached the peak of $28M, and then reduced slightly in the following year.
| Export of Copper; Rivets, Cotters, Cotter-Pins and Similar Articles, Not Threaded in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 10.4 | 7.8 | 11.2 | 11.9 | 4.6% |
| Canada | 7.3 | 5.7 | 7.2 | 6.0 | -6.3% |
| Malaysia | 0.3 | 0.3 | 0.9 | 2.3 | 97.2% |
| Panama | N/A | 0.1 | 0.2 | 0.2 | 41.4% |
| Others | 5.6 | 5.1 | 8.4 | 6.3 | 4.0% |
| Total | 23.6 | 19.0 | 27.9 | 26.7 | 4.2% |
Top Export Markets for Copper; Rivets, Cotters, Cotter-Pins and Similar Articles, Not Threaded from the United States in 2022:
- Mexico (377.9 tons)
- Canada (266.6 tons)
- Malaysia (28.7 tons)
- Panama (16.7 tons)
Imports of Copper; Rivets, Cotters, Cotter-Pins and Similar Articles, Not Threaded in the United States
In 2022, after three years of growth, there was significant decline in supplies from abroad of copper; rivets, cotters, cotter-pins and similar articles, not threaded, when their volume decreased by -11.3% to 734 tons. The total import volume increased at an average annual rate of +3.7% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 25% against the previous year. As a result, imports reached the peak of 827 tons, and then shrank in the following year.
In value terms, imports of copper; rivets, cotters, cotter-pins and similar articles, not threaded totaled $22M in 2022. The total import value increased at an average annual rate of +8.0% 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 with an increase of 30%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Copper; Rivets, Cotters, Cotter-Pins and Similar Articles, Not Threaded in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.9 | 3.4 | 4.4 | 5.0 | 0.7% |
| Taiwan (Chinese) | 2.2 | 2.2 | 3.0 | 3.8 | 20.0% |
| Germany | 2.6 | 2.0 | 3.4 | 3.2 | 7.2% |
| Switzerland | 1.7 | 1.8 | 2.4 | 2.7 | 16.7% |
| Canada | 1.1 | 1.3 | 1.4 | 2.0 | 22.1% |
| France | 1.8 | 1.4 | 1.8 | 1.1 | -15.1% |
| Mexico | 0.6 | 1.5 | 1.6 | 0.8 | 10.1% |
| India | 0.3 | 0.2 | 0.3 | 0.8 | 38.7% |
| Others | 2.3 | 2.6 | 2.8 | 2.7 | 5.5% |
| Total | 17.5 | 16.3 | 21.2 | 22.1 | 8.1% |
Top Suppliers of Copper; Rivets, Cotters, Cotter-Pins and Similar Articles, Not Threaded to the United States in 2022:
- China (229.3 tons)
- Taiwan (Chinese) (179.9 tons)
- Canada (85.5 tons)
- Germany (77.6 tons)
- Switzerland (45.7 tons)
- India (35.1 tons)
- Mexico (23.8 tons)
- France (11.9 tons)
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