Price for Copper; Rivets, Cotters, Cotter-Pins and Similar Articles, Not Threaded in Hong Kong SAR - 2023

Contents:

1. Price for Copper; Rivets, Cotters, Cotter-Pins and Similar Articles, Not Threaded in Hong Kong SAR (FOB) - 2023
2. Price for Copper; Rivets, Cotters, Cotter-Pins and Similar Articles, Not Threaded in Hong Kong SAR (CIF) - 2022
3. Exports of Copper; Rivets, Cotters, Cotter-Pins and Similar Articles, Not Threaded in Hong Kong SAR
4. Imports of Copper; Rivets, Cotters, Cotter-Pins and Similar Articles, Not Threaded in Hong Kong SAR

Price for Copper; Rivets, Cotters, Cotter-Pins and Similar Articles, Not Threaded in Hong Kong SAR (FOB) - 2023

In November 2023, the average export price for copper; rivets, cotters, cotter-pins and similar articles, not threaded amounted to $47,812 per ton, falling by -12.5% against the previous month. Overall, the export price, however, enjoyed a strong expansion. The pace of growth was the most pronounced in December 2022 when the average export price increased by 131% m-o-m. Over the period under review, the average export prices reached the peak figure at $70,174 per ton in July 2023; however, from August 2023 to November 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In November 2023, the country with the highest price was China ($116K per ton), while the average price for exports to Indonesia ($23,426 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Copper; Rivets, Cotters, Cotter-Pins and Similar Articles, Not Threaded in Hong Kong SAR (CIF) - 2022

In 2022, the average import price for copper; rivets, cotters, cotter-pins and similar articles, not threaded amounted to $29,114 per ton, dropping by -59.3% against the previous year. Over the period under review, the import price, however, enjoyed a notable expansion. The most prominent rate of growth was recorded in 2017 an increase of 80%. Over the period under review, average import prices reached the peak figure at $71,610 per ton in 2021, and then declined markedly in the following year.

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 Taiwan (Chinese) ($403,452 per ton), while the price for Italy ($10,405 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+36.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Copper; Rivets, Cotters, Cotter-Pins and Similar Articles, Not Threaded in Hong Kong SAR

In 2022, exports of copper; rivets, cotters, cotter-pins and similar articles, not threaded from Hong Kong SAR shrank modestly to 18 tons, waning by -4% against the previous year's figure. The total export volume increased at an average annual rate of +1.1% over the period 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 when exports increased by 39%. As a result, the exports attained the peak of 19 tons, and then contracted in the following year.

In value terms, exports of copper; rivets, cotters, cotter-pins and similar articles, not threaded skyrocketed to $1.1M in 2022. Over the period under review, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 32%.

Top Export Markets for Copper; Rivets, Cotters, Cotter-Pins and Similar Articles, Not Threaded from Hong Kong SAR in 2022:

1. China (14.4 tons)
2. Vietnam (0.6 tons)
3. Pakistan (0.5 tons)
4. Singapore (0.4 tons)
5. United States (0.4 tons)

Imports of Copper; Rivets, Cotters, Cotter-Pins and Similar Articles, Not Threaded in Hong Kong SAR

After two years of decline, overseas purchases of copper; rivets, cotters, cotter-pins and similar articles, not threaded increased by 321% to 10 tons in 2022. Overall, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of copper; rivets, cotters, cotter-pins and similar articles, not threaded soared to $296K in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +13.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Copper; Rivets, Cotters, Cotter-Pins and Similar Articles, Not Threaded to Hong Kong SAR in 2022:

1. China (7.7 tons)
2. Japan (1.6 tons)
3. Italy (0.2 tons)
4. United States (0.2 tons)
5. Austria (0.2 tons)
6. Taiwan (Chinese) (0.1 tons)
7. Germany (0.1 tons)

Source: IndexBox Market Intelligence Platform