Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Australia - 2024

Contents:

1. Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Australia (CIF) - 2024
2. Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Australia (FOB) - 2022
3. Imports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Australia
4. Exports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Australia

Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Australia (CIF) - 2024

In January 2024, the average import price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses amounted to $12,164 per ton, dropping by -24.9% against the previous month. Overall, import price indicated mild growth from January 2023 to January 2024: its price increased at an average monthly rate of +1.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2024 figures, import price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses increased by +26.9% against November 2023 indices. The growth pace was the most rapid in December 2023 an increase of 69% m-o-m. As a result, import price attained the peak level of $16,190 per ton, and then shrank rapidly in the following month.

Average prices varied somewhat amongst the major supplying countries. In January 2024, the countries with the highest prices were Germany ($12,630 per ton) and Bulgaria ($10,822 per ton), while the price for Malaysia ($9,243 per ton) and China ($10,593 per ton) were amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Finland (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Australia (FOB) - 2022

In 2022, the average export price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses amounted to $11,924 per ton, with a decrease of -36.6% against the previous year. In general, the export price, however, showed a strong expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by 66% against the previous year. The export price peaked at $18,818 per ton in 2021, and then reduced markedly in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($11,827 per ton), while the average price for exports to Thailand totaled $11,315 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Fiji (+31.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Australia

Imports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses into Australia shrank to 534 tons in 2022, declining by -8.2% against 2021 figures. Overall, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 7.3%.

In value terms, imports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses fell to $5.8M in 2022. Over the period under review, total imports indicated perceptible growth from 2019 to 2022: its value increased at an average annual rate of +3.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.0% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 52%. As a result, imports reached the peak of $5.9M, and then reduced in the following year.

Top Suppliers of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils to Australia in 2022:

1. Germany (176.3 tons)
2. Thailand (118.5 tons)
3. South Korea (76.5 tons)
4. China (47.8 tons)
5. Finland (30.9 tons)
6. Malaysia (29.3 tons)
7. Turkey (27.6 tons)

Exports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Australia

In 2022, approx. 18 tons of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses were exported from Australia; rising by 1,132% compared with the year before. Overall, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses soared to $217K in 2022. In general, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils from Australia in 2022:

1. Thailand (12.9 tons)
2. New Zealand (5.3 tons)

Source: IndexBox Market Intelligence Platform