Sulphates; of Copper Price in Hong Kong SAR - 2023
Contents:
- Sulphates; of Copper Price in Hong Kong SAR (FOB) - 2022
- Sulphates; of Copper Price in Hong Kong SAR (CIF) - 2022
- Sulphates; of Copper Exports in Hong Kong SAR
- Sulphates; of Copper Imports in Hong Kong SAR
Sulphates; of Copper Price in Hong Kong SAR (FOB) - 2022
The average sulphates; of copper export price stood at $4,505 per ton in 2022, increasing by 18% against the previous year. Over the period under review, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphates; of copper export price increased by +50.2% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($7,164 per ton), while the average price for exports to Vietnam ($3,315 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 China (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.
Sulphates; of Copper Price in Hong Kong SAR (CIF) - 2022
The average sulphates; of copper import price stood at $3,059 per ton in 2022, jumping by 34% against the previous year. In general, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphates; of copper import price increased by +91.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 42%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the near future.
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 Japan ($4,610 per ton), while the price for China ($1,015 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+5.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Sulphates; of Copper Exports in Hong Kong SAR
Sulphates; of copper exports from Hong Kong SAR fell sharply to 123 tons in 2022, declining by -72.7% compared with 2021 figures. Over the period under review, exports continue to indicate a precipitous decline. The smallest decline of -21% was in 2020.
In value terms, sulphates; of copper exports shrank dramatically to $554K in 2022. In general, exports continue to indicate a sharp slump. The smallest decline of -12.5% was in 2021.
| Export of Sulphates; of Copper in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 1,033 | 1,052 | 1,579 | 320 | -32.3% |
| China | 581 | 577 | 69.3 | 136 | -38.4% |
| Malaysia | 6.4 | 5.5 | 18.5 | 74.1 | 126.2% |
| Vietnam | N/A | N/A | N/A | 6.6 | 0% |
| South Korea | 486 | 282 | N/A | N/A | -42.0% |
| Others | 174 | 58.6 | 60.4 | 17.4 | -53.6% |
| Total | 2,280 | 1,975 | 1,727 | 554 | -37.6% |
Top Export Markets for Sulphates; of Copper from Hong Kong SAR in 2022:
- Taiwan (Chinese) (80.0 tons)
- Malaysia (21.0 tons)
- China (19.0 tons)
- Vietnam (2.0 tons)
Sulphates; of Copper Imports in Hong Kong SAR
In 2022, the amount of sulphates; of coppers imported into Hong Kong SAR contracted dramatically to 88 tons, with a decrease of -70.5% compared with the previous year's figure. Over the period under review, imports saw a sharp curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 13% against the previous year.
In value terms, sulphates; of copper imports dropped sharply to $269K in 2022. In general, imports recorded a significant contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 13%.
| Import of Sulphates; of Copper in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 195 | 131 | 256 | 198 | 0.5% |
| China | 482 | 455 | 386 | 35.6 | -58.0% |
| United States | 9.3 | 10.2 | 34.5 | 34.3 | 54.5% |
| Others | 4.3 | 3.0 | 2.7 | 0.6 | -48.1% |
| Total | 691 | 599 | 680 | 269 | -27.0% |
Top Suppliers of Sulphates; of Copper to Hong Kong SAR in 2022:
- Japan (43.0 tons)
- China (35.1 tons)
- United States (9.8 tons)
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