Copra Price in Australia - 2023
Contents:
Copra Price in Australia (CIF) - 2022
In 2022, the average copra import price amounted to $318 per ton, picking up by 6.2% against the previous year. Overall, import price indicated a buoyant increase from 2014 to 2022: its price increased at an average annual rate of +5.8% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copra import price increased by +92.1% against 2016 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 36%. The import price peaked in 2022 and is expected to retain growth in years to come.
As there is only one major supplying country, the average price level is determined by prices for Papua New Guinea.
From 2014 to 2022, the rate of growth in terms of prices for Papua New Guinea amounted to +5.8% per year.
Copra Imports in Australia
In 2022, overseas purchases of copras increased by 2.1% to 12 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, faced a precipitous descent.
In value terms, copra imports expanded remarkably to $3.7K in 2022. Overall, imports, however, showed a dramatic descent.
| Import of Copra in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Papua New Guinea | 1,742 | 245 | 3.3 | 3.7 | -87.1% |
| Others | 29.1 | 26.8 | 0.2 | 0.1 | -84.9% |
| Total | 1,771 | 271 | 3.4 | 3.7 | -87.2% |
Top Suppliers of Copra to Australia in 2022:
- Papua New Guinea (11.7 tons)
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