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

Contents:

1. Price for Copper; Washers, (Including Spring Washers), Not Threaded in Japan (FOB) - 2023
2. Price for Copper; Washers, (Including Spring Washers), Not Threaded in Japan (CIF) - 2022
3. Exports of Copper; Washers, (Including Spring Washers), Not Threaded in Japan
4. Imports of Copper; Washers, (Including Spring Washers), Not Threaded in Japan

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

The average export price for copper; washers, (including spring washers), not threadeds stood at $60,865 per ton in November 2023, growing by 8.8% against the previous month. Over the period under review, the export price enjoyed a temperate increase. The most prominent rate of growth was recorded in October 2023 an increase of 152% m-o-m. Over the period under review, the average export prices attained the maximum at $75,699 per ton in March 2023; however, from April 2023 to November 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In November 2023, the country with the highest price was Brazil ($71,918 per ton), while the average price for exports to the Philippines ($17,528 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+19.2%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Copper; Washers, (Including Spring Washers), Not Threaded in Japan (CIF) - 2022

The average import price for copper; washers, (including spring washers), not threadeds stood at $38,587 per ton in 2022, picking up by 2.6% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 26% against the previous year. As a result, import price attained the peak level of $52,372 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($539,912 per ton), while the price for Taiwan (Chinese) ($29,315 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, exports of copper; washers, (including spring washers), not threadeds from Japan rose significantly to 69 tons, increasing by 6.4% compared with the year before. The total export volume increased at an average annual rate of +4.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 30% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of copper; washers, (including spring washers), not threadeds reduced to $2.9M in 2022. In general, exports, however, continue to indicate a slight decrease. The most prominent rate of growth was recorded in 2021 with an increase of 20%. As a result, the exports attained the peak of $3.1M, and then dropped in the following year.

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

1. China (18.9 tons)
2. Thailand (16.0 tons)
3. Myanmar (7.1 tons)
4. India (5.6 tons)
5. Brazil (4.1 tons)
6. Indonesia (4.1 tons)
7. United States (2.6 tons)
8. Vietnam (0.7 tons)

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

For the fourth consecutive year, Japan recorded growth in overseas purchases of copper; washers, (including spring washers), not threadeds, which increased by 9.4% to 72 tons in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +18.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 29% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of copper; washers, (including spring washers), not threadeds expanded rapidly to $2.8M in 2022. Overall, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 57%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.

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

1. Vietnam (38.1 tons)
2. Taiwan (Chinese) (16.9 tons)
3. China (8.2 tons)
4. South Korea (4.5 tons)
5. France (1.9 tons)

Source: IndexBox Market Intelligence Platform