Sulphates; of Copper Price in Australia - 2023

Contents:

  1. Sulphates; of Copper Price in Australia (CIF) - 2023
  2. Sulphates; of Copper Price in Australia (FOB) - 2022
  3. Sulphates; of Copper Imports in Australia
  4. Sulphates; of Copper Exports in Australia

Sulphates; of Copper Price in Australia (CIF) - 2023

In July 2023, the average sulphates; of copper import price amounted to $2,395 per ton, shrinking by -5% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in November 2022 an increase of 8.8% m-o-m. The import price peaked at $2,749 per ton in August 2022; however, from September 2022 to July 2023, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was Malaysia ($2,469 per ton), while the price for Taiwan (Chinese) ($2,366 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Malaysia (-0.6%), while the prices for the other major suppliers experienced a decline.

Sulphates; of Copper Price in Australia (FOB) - 2022

The average sulphates; of copper export price stood at $3,482 per ton in 2022, waning by -51.4% against the previous year. Over the period under review, the export price, however, recorded temperate growth. The most prominent rate of growth was recorded in 2018 an increase of 104% against the previous year. Over the period under review, the average export prices reached the peak figure at $10,013 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($24,802 per ton), while the average price for exports to Papua New Guinea ($1,552 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 (+26.3%), while the prices for the other major destinations experienced mixed trend patterns.

Sulphates; of Copper Imports in Australia

In 2022, sulphates; of copper imports into Australia fell to 31K tons, with a decrease of -14.1% on the previous year's figure. Over the period under review, imports saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 22%.

In value terms, sulphates; of copper imports declined to $79M in 2022. Overall, total imports indicated a tangible expansion from 2019 to 2022: its value increased at an average annual rate of +2.9% 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 +54.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 69% against the previous year. As a result, imports reached the peak of $87M, and then reduced in the following year.

Import of Sulphates; of Copper in Australia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Taiwan (Chinese)33.431.357.553.316.9%
Russia10.410.318.012.04.9%
China10.37.08.79.9-1.3%
Turkey11.01.5N/A0.8-58.3%
Mexico4.6N/AN/AN/A0%
Others3.21.22.83.31.0%
Total72.951.387.079.42.9%

Top Suppliers of Sulphates; of Copper to Australia in 2022:

  1. Taiwan (Chinese) (21.0K tons)
  2. Russia (4.3K tons)
  3. China (3.6K tons)
  4. Turkey (0.3K tons)

Sulphates; of Copper Exports in Australia

After three years of growth, overseas shipments of sulphates; of coppers decreased by -8.7% to 26 tons in 2022. Overall, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2020 with an increase of 878%.

In value terms, sulphates; of copper exports contracted markedly to $91K in 2022. Over the period under review, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 298%.

Export of Sulphates; of Copper in Australia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Taiwan (Chinese)N/AN/AN/A32.90%
South AfricaN/AN/AN/A21.80%
Papua New Guinea0.3N/A3.916.0276.4%
French PolynesiaN/AN/A4.24.69.5%
Cote d'IvoireN/AN/AN/A3.20%
New Zealand4.39.922.90.9-40.6%
United StatesN/A46.1169N/A266.6%
Others10.22.95.511.64.4%
Total14.858.920591.083.2%

Top Export Markets for Sulphates; of Copper from Australia in 2022:

  1. New Zealand (undefined tons)
  2. Papua New Guinea (10.3 tons)
  3. Taiwan (Chinese) (7.7 tons)
  4. South Africa (6.1 tons)
  5. French Polynesia (1.0 tons)
  6. Cote d'Ivoire (0.4 tons)

Source: IndexBox Market Intelligence Platform

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