Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Hong Kong SAR - 2023
Contents:
- Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Hong Kong SAR (CIF) - 2023
- Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Hong Kong SAR (FOB) - 2023
- Imports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Hong Kong SAR
- Exports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Hong Kong SAR
Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Hong Kong SAR (CIF) - 2023
In November 2023, the average import price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses amounted to $11,332 per ton, surging by 9.3% against the previous month. In general, the import price showed a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $12,369 per ton in March 2023; however, from April 2023 to November 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Germany ($37,966 per ton), while the price for Malaysia ($9,455 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Germany (+16.0%), 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 Hong Kong SAR (FOB) - 2023
The average export price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses stood at $11,473 per ton in November 2023, picking up by 4.7% against the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2023 when the average export price increased by 5.8% month-to-month. The export price peaked at $12,938 per ton in June 2023; however, from July 2023 to November 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In November 2023, the country with the highest price was Macao SAR ($13,180 per ton), while the average price for exports to China amounted to $11,452 per ton.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (-0.1%).
Imports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Hong Kong SAR
In 2022, supplies from abroad of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses decreased by -47% to 3.9K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, recorded temperate growth. The pace of growth appeared the most rapid in 2021 with an increase of 42%. As a result, imports reached the peak of 7.4K tons, and then shrank sharply in the following year.
In value terms, imports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses shrank significantly to $51M in 2022. In general, imports, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of 79% against the previous year. As a result, imports reached the peak of $97M, and then fell remarkably in the following year.
| Import of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 20.7 | 15.4 | 37.5 | 17.3 | -5.8% |
| Singapore | 3.7 | 4.0 | 9.6 | 7.5 | 26.6% |
| China | 8.7 | 16.0 | 12.0 | 6.6 | -8.8% |
| United Kingdom | 0.7 | 2.7 | 4.1 | 6.5 | 110.2% |
| Taiwan (Chinese) | 3.4 | 3.1 | 4.9 | 4.1 | 6.4% |
| South Korea | 2.9 | 3.1 | 6.2 | 3.7 | 8.5% |
| Malaysia | 0.9 | 1.2 | 2.0 | 2.9 | 47.7% |
| United States | 0.7 | 7.2 | 15.9 | 0.7 | 0.0% |
| Others | 0.5 | 1.5 | 4.7 | 1.5 | 44.2% |
| Total | 42.2 | 54.1 | 96.9 | 50.6 | 6.2% |
Top Suppliers of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils to Hong Kong SAR in 2022:
- Japan (1181.4 tons)
- United Kingdom (645.2 tons)
- Singapore (525.8 tons)
- China (482.1 tons)
- South Korea (352.3 tons)
- Taiwan (Chinese) (343.7 tons)
- Malaysia (277.3 tons)
- United States (29.4 tons)
Exports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Hong Kong SAR
In 2022, after three years of growth, there was significant decline in shipments abroad of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses, when their volume decreased by -43% to 3.5K tons. Overall, exports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 37% against the previous year. As a result, the exports attained the peak of 6.1K tons, and then fell dramatically in the following year.
In value terms, exports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses declined sharply to $45M in 2022. Over the period under review, exports, however, enjoyed temperate growth. The most prominent rate of growth was recorded in 2021 when exports increased by 71% against the previous year. As a result, the exports reached the peak of $73M, and then reduced rapidly in the following year.
| Export of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 39.3 | 40.6 | 69.4 | 41.6 | 1.9% |
| Malaysia | 0.7 | 0.6 | 1.7 | 1.5 | 28.9% |
| Others | 1.2 | 1.3 | 1.5 | 2.3 | 24.2% |
| Total | 41.1 | 42.5 | 72.5 | 45.4 | 3.4% |
Top Export Markets for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils from Hong Kong SAR in 2022:
- China (3.3K tons)
- Malaysia (0.1K tons)
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