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

Contents:

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

Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in New Zealand (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 $10,208 per ton, falling by -5.1% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 an increase of 13% month-to-month. As a result, import price reached the peak level of $13,253 per ton. From August 2023 to January 2024, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In January 2024, the highest price was recorded for prices from Bulgaria ($11,726 per ton) and Malaysia ($11,221 per ton), while the price for China ($9,353 per ton) and South Korea ($10,346 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 Bulgaria (+0.7%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses amounted to $13,380 per ton, falling by -2.3% against the previous year. Overall, the export price, however, saw a strong increase. The pace of growth appeared the most rapid in 2014 an increase of 443% against the previous year. The export price peaked at $17,424 per ton in 2019; however, from 2020 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 ($26,749 per ton), while the average price for exports to South Korea ($12,356 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 the Philippines (+56.8%), 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 New Zealand

In 2022, approx. 252 tons of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses were imported into New Zealand; with an increase of 90% compared with 2021. Overall, imports recorded a temperate increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses soared to $2.8M in 2022. Over the period under review, imports saw a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. Bulgaria (101.0 tons)
2. South Korea (83.6 tons)
3. China (28.9 tons)
4. Malaysia (18.5 tons)
5. India (4.4 tons)
6. United Kingdom (4.1 tons)

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

Exports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses from New Zealand skyrocketed to 6.6 tons in 2022, with an increase of 1,550% compared with the previous year's figure. Overall, exports enjoyed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 4,344%. Over the period under review, the exports of attained the peak figure in 2022 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 surged to $88K in 2022. In general, exports enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 3,756% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

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

1. South Korea (5.2 tons)
2. Australia (1.0 tons)
3. Fiji (0.4 tons)

Source: IndexBox Market Intelligence Platform