Price for Refined Copper Tube and Pipe in New Zealand - 2023
Contents:
- Price for Refined Copper Tube and Pipe in New Zealand (CIF) - 2023
- Price for Refined Copper Tube and Pipe in New Zealand (FOB) - 2022
- Imports of Refined Copper Tube and Pipe in New Zealand
- Exports of Refined Copper Tube and Pipe in New Zealand
Price for Refined Copper Tube and Pipe in New Zealand (CIF) - 2023
In September 2023, the average import price for tubes and pipes of refined copper amounted to $10,518 per ton, growing by 9% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in December 2022 an increase of 14% m-o-m. The import price peaked at $12,456 per ton in January 2023; however, from February 2023 to September 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Finland ($16,104 per ton), while the price for South Korea ($9,803 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+0.8%), while the prices for the other major suppliers experienced a decline.
Price for Refined Copper Tube and Pipe in New Zealand (FOB) - 2022
In 2022, the average export price for tubes and pipes of refined copper amounted to $12,181 per ton, declining by -5.4% against the previous year. Overall, the export price, however, enjoyed measured growth. The growth pace was the most rapid in 2021 an increase of 206% against the previous year. Over the period under review, the average export prices attained the peak figure at $17,665 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Fiji ($45,467 per ton), while the average price for exports to the United Arab Emirates ($4,430 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 Vietnam (+28.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Refined Copper Tube and Pipe in New Zealand
Refined copper tube and pipe imports into New Zealand reached 2.3K tons in 2022, surging by 2.5% compared with the year before. The total import volume increased at an average annual rate of +3.8% 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 46%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, refined copper tube and pipe imports expanded significantly to $27M in 2022. Overall, imports showed a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of 98%. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Refined Copper Tube and Pipe in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.9 | 6.6 | 15.2 | 16.3 | 22.3% |
| Finland | 0.3 | 0.8 | 1.3 | 3.4 | 124.6% |
| Australia | 2.4 | 1.5 | 2.3 | 3.2 | 10.1% |
| South Korea | 2.4 | 1.3 | 2.3 | 2.0 | -5.9% |
| Germany | 0.5 | 0.1 | 0.4 | 0.4 | -7.2% |
| Thailand | 0.8 | 0.9 | 1.4 | 0.3 | -27.9% |
| Others | 0.7 | 1.0 | 1.2 | 1.2 | 19.7% |
| Total | 16.0 | 12.1 | 24.1 | 26.9 | 18.9% |
Top Suppliers of Refined Copper Tube and Pipe to New Zealand in 2022:
- China (1513.5 tons)
- Australia (296.9 tons)
- Finland (187.3 tons)
- South Korea (183.4 tons)
- Germany (29.1 tons)
- Thailand (24.1 tons)
Exports of Refined Copper Tube and Pipe in New Zealand
For the third consecutive year, New Zealand recorded decline in shipments abroad of tubes and pipes of refined copper, which decreased by -77.7% to 2 tons in 2022. In general, exports recorded a significant contraction. The smallest decline of -9% was in 2020.
In value terms, refined copper tube and pipe exports shrank notably to $24K in 2022. Over the period under review, exports saw a significant curtailment. The pace of growth was the most pronounced in 2021 with an increase of 45%.
| Export of Refined Copper Tube and Pipe in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | N/A | N/A | 7.5 | 10.1 | 34.7% |
| Cook Islands | N/A | N/A | 0.2 | 3.7 | 1750.0% |
| Vanuatu | 7.1 | 2.8 | 10.9 | 3.0 | -25.0% |
| United Arab Emirates | N/A | 46.1 | 3.8 | 2.4 | -77.2% |
| Fiji | 8.7 | 10.8 | 31.8 | 1.4 | -45.6% |
| Tonga | 0.1 | 1.7 | 2.4 | 1.3 | 135.1% |
| Australia | 145 | 11.8 | 12.6 | 1.3 | -79.2% |
| Samoa | 15.6 | 4.5 | 2.9 | 0.5 | -68.2% |
| Papua New Guinea | N/A | N/A | 27.6 | N/A | 0% |
| Canada | N/A | N/A | 13.3 | N/A | 0% |
| Others | 0.4 | 1.4 | 1.7 | 0.6 | 14.5% |
| Total | 177 | 79.2 | 115 | 24.2 | -48.5% |
Top Export Markets for Refined Copper Tube and Pipe from New Zealand in 2022:
- Vietnam (722.0 kg)
- United Arab Emirates (532.0 kg)
- Cook Islands (324.0 kg)
- Vanuatu (157.0 kg)
- Tonga (120.0 kg)
- Samoa (50.0 kg)
- Australia (33.0 kg)
- Fiji (30.0 kg)
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