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

Contents:

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

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

In 2022, the average import price for copper; washers, (including spring washers), not threadeds amounted to $67,471 per ton, growing by 20% against the previous year. Overall, the import price showed a resilient expansion. The growth pace was the most rapid in 2017 an increase of 105% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($126,546 per ton), while the price for India ($7,348 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+27.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper; Washers, (Including Spring Washers), Not Threaded in Singapore (FOB) - 2022

The average export price for copper; washers, (including spring washers), not threadeds stood at $53,368 per ton in 2022, rising by 55% against the previous year. Over the period under review, the export price continues to indicate a strong expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($140,633 per ton), while the average price for exports to France ($6,065 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 Indonesia (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, imports of copper; washers, (including spring washers), not threadeds into Singapore declined to 21 tons, waning by -7.8% on the previous year. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 24%. As a result, imports reached the peak of 23 tons, and then shrank in the following year.

In value terms, imports of copper; washers, (including spring washers), not threadeds rose notably to $1.5M in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +12.5% 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 +63.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 48% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

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

1. China (7.1 tons)
2. United States (4.7 tons)
3. India (2.2 tons)
4. Japan (1.8 tons)
5. New Zealand (1.2 tons)
6. Germany (1.1 tons)
7. Italy (0.9 tons)

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

In 2022, the amount of copper; washers, (including spring washers), not threadeds exported from Singapore shrank significantly to 16 tons, declining by -37.1% against the year before. Overall, exports faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 9.9%.

In value terms, exports of copper; washers, (including spring washers), not threadeds reduced modestly to $870K in 2022. The total export value increased at an average annual rate of +2.0% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year. As a result, the exports reached the peak of $896K, and then contracted modestly in the following year.

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

1. Indonesia (5.0 tons)
2. Malaysia (3.3 tons)
3. Philippines (1.6 tons)
4. United Kingdom (1.3 tons)
5. Thailand (0.7 tons)
6. Australia (0.6 tons)
7. India (0.5 tons)
8. France (0.5 tons)
9. Vietnam (0.5 tons)
10. New Zealand (0.5 tons)
11. Hong Kong SAR (0.4 tons)
12. China (0.3 tons)
13. United States (0.1 tons)

Source: IndexBox Market Intelligence Platform