Price for Copper; Washers, (Including Spring Washers), Not Threaded in China - 2023

Contents:

1. Price for Copper; Washers, (Including Spring Washers), Not Threaded in China (CIF) - 2023
2. Price for Copper; Washers, (Including Spring Washers), Not Threaded in China (FOB) - 2023
3. Imports of Copper; Washers, (Including Spring Washers), Not Threaded in China
4. Exports of Copper; Washers, (Including Spring Washers), Not Threaded in China

Price for Copper; Washers, (Including Spring Washers), Not Threaded in China (CIF) - 2023

The average import price for copper; washers, (including spring washers), not threadeds stood at $65,463 per ton in December 2023, falling by -17.8% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in May 2023 when the average import price increased by 18% m-o-m. Over the period under review, average import prices reached the peak figure at $90,652 per ton in July 2023; however, from August 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 Taiwan (Chinese) ($153K per ton), while the price for South Korea ($45,520 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Spain (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper; Washers, (Including Spring Washers), Not Threaded in China (FOB) - 2023

In December 2023, the average export price for copper; washers, (including spring washers), not threadeds amounted to $21,323 per ton, declining by -33.5% against the previous month. Overall, the export price saw a pronounced decrease. The pace of growth appeared the most rapid in November 2023 an increase of 89% against the previous month. Over the period under review, the average export prices hit record highs at $43,394 per ton in May 2023; however, from June 2023 to December 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In December 2023, the country with the highest price was Mexico ($54,020 per ton), while the average price for exports to Italy ($7,996 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+17.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper; Washers, (Including Spring Washers), Not Threaded in China

In 2022, approx. 375 tons of copper; washers, (including spring washers), not threadeds were imported into China; which is down by -17.9% compared with the previous year. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 23% against the previous year. As a result, imports reached the peak of 457 tons, and then fell markedly in the following year.

In value terms, imports of copper; washers, (including spring washers), not threadeds dropped notably to $29M in 2022. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 20% against the previous year. As a result, imports attained the peak of $35M, and then shrank markedly in the following year.

Top Suppliers of Copper; Washers, (Including Spring Washers), Not Threaded to China in 2022:

1. Japan (125.3 tons)
2. Germany (104.3 tons)
3. South Korea (43.1 tons)
4. United States (28.5 tons)
5. France (19.3 tons)
6. Taiwan (Chinese) (13.2 tons)
7. Spain (11.6 tons)

Exports of Copper; Washers, (Including Spring Washers), Not Threaded in China

In 2022, the amount of copper; washers, (including spring washers), not threadeds exported from China declined to 636 tons, with a decrease of -12.4% on 2021 figures. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 29% against the previous year. As a result, the exports attained the peak of 726 tons, and then shrank in the following year.

In value terms, exports of copper; washers, (including spring washers), not threadeds stood at $22M in 2022. Overall, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +9.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +48.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 45% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Top Export Markets for Copper; Washers, (Including Spring Washers), Not Threaded from China in 2022:

1. United States (128.8 tons)
2. United Kingdom (58.0 tons)
3. Germany (45.4 tons)
4. Thailand (40.8 tons)
5. Vietnam (28.3 tons)
6. Poland (20.8 tons)
7. Hong Kong SAR (19.7 tons)
8. Japan (19.2 tons)
9. Mexico (18.7 tons)
10. Italy (18.4 tons)
11. Taiwan (Chinese) (16.2 tons)
12. Russia (16.1 tons)
13. Netherlands (11.4 tons)

Source: IndexBox Market Intelligence Platform