Sulphates; of Copper Price in New Zealand - 2023

Sulphates; of Copper Price in New Zealand (CIF) - 2023

In August 2023, the average sulphates; of copper import price amounted to $2,769 per ton, shrinking by -46.1% against the previous month. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in July 2023 when the average import price increased by 89% m-o-m. As a result, import price reached the peak level of $5,134 per ton, and then reduced sharply in the following month.

Average prices varied somewhat amongst the major supplying countries. In August 2023, the country with the highest price was China ($3,126 per ton), while the price for Taiwan (Chinese) ($2,461 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Turkey (0.0%), while the prices for the other major suppliers experienced a decline.

Sulphates; of Copper Price in New Zealand (FOB) - 2022

In 2022, the average sulphates; of copper export price amounted to $8,158 per ton, falling by -25.7% against the previous year. Over the period under review, the export price, however, posted a strong expansion. The pace of growth was the most pronounced in 2021 when the average export price increased by 198%. As a result, the export price reached the peak level of $10,981 per ton, and then dropped notably in the following year.

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 Australia ($8,712 per ton), while the average price for exports to Fiji amounted to $2,995 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+0.6%), while the prices for the other major destinations experienced a decline.

Sulphates; of Copper Imports in New Zealand

In 2022, sulphates; of copper imports into New Zealand skyrocketed to 2.3K tons, jumping by 21% on 2021. The total import volume increased at an average annual rate of +6.9% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, sulphates; of copper imports surged to $7M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +19.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.5% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Sulphates; of Copper in New Zealand (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Taiwan (Chinese)	2.5	2.1	3.4	3.9	16.0%
China	1.0	1.3	0.9	1.1	3.2%
Malaysia	N/A	N/A	N/A	0.9	0%
Russia	0.2	0.3	0.3	0.4	26.0%
India	0.3	0.1	N/A	0.3	0.0%
Peru	N/A	N/A	0.1	0.2	100.0%
Others	0.1	0.2	0.2	0.2	26.0%
Total	4.1	4.0	4.9	7.0	19.5%

Top Suppliers of Sulphates; of Copper to New Zealand in 2022:

Taiwan (Chinese) (1408.0 tons)
China (344.2 tons)
Malaysia (240.0 tons)
Russia (125.6 tons)
India (72.9 tons)
Peru (54.0 tons)

Sulphates; of Copper Exports in New Zealand

In 2022, overseas shipments of sulphates; of coppers were finally on the rise to reach 22 tons after two years of decline. In general, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, sulphates; of copper exports surged to $181K in 2022. Overall, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.