Price for Copper; Washers, (Including Spring Washers), Not Threaded in Hong Kong SAR - 2023
Contents:
- Price for Copper; Washers, (Including Spring Washers), Not Threaded in Hong Kong SAR (FOB) - 2022
- Price for Copper; Washers, (Including Spring Washers), Not Threaded in Hong Kong SAR (CIF) - 2022
- Exports of Copper; Washers, (Including Spring Washers), Not Threaded in Hong Kong SAR
- Imports of Copper; Washers, (Including Spring Washers), Not Threaded in Hong Kong SAR
Price for Copper; Washers, (Including Spring Washers), Not Threaded in Hong Kong SAR (FOB) - 2022
The average export price for copper; washers, (including spring washers), not threadeds stood at $81,860 per ton in 2022, jumping by 37% against the previous year. In general, the export price continues to indicate a prominent increase. The growth pace was the most rapid in 2013 when the average export price increased by 83% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.
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 India ($160,965 per ton), while the average price for exports to Japan ($10,858 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 India (+43.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Copper; Washers, (Including Spring Washers), Not Threaded in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for copper; washers, (including spring washers), not threadeds amounted to $63,167 per ton, shrinking by -2.4% against the previous year. In general, the import price, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2015 when the average import price increased by 149% against the previous year. As a result, import price reached the peak level of $66,405 per ton. From 2016 to 2022, the average import prices remained at a lower figure.
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 ($174,063 per ton), while the price for South Korea ($12,683 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Copper; Washers, (Including Spring Washers), Not Threaded in Hong Kong SAR
For the third consecutive year, Hong Kong SAR recorded decline in overseas shipments of copper; washers, (including spring washers), not threadeds, which decreased by -2.7% to 14 tons in 2022. Overall, exports continue to indicate a abrupt decline.
In value terms, exports of copper; washers, (including spring washers), not threadeds skyrocketed to $1.2M in 2022. In general, exports continue to indicate a deep contraction.
| Export of Copper; Washers, (Including Spring Washers), Not Threaded in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,578 | 1,006 | 681 | 943 | -15.8% |
| Macao SAR | 84.5 | 71.0 | 71.7 | 122 | 13.0% |
| India | 3.3 | N/A | N/A | 46.5 | 141.5% |
| United States | 25.6 | 67.2 | 69.6 | 18.4 | -10.4% |
| Japan | N/A | 0.4 | 0.5 | 4.8 | 246.4% |
| Vietnam | 47.2 | 41.8 | 11.5 | 0.2 | -83.8% |
| Others | 16.7 | 13.6 | 31.6 | 17.7 | 2.0% |
| Total | 1,756 | 1,200 | 866 | 1,152 | -13.1% |
Top Export Markets for Copper; Washers, (Including Spring Washers), Not Threaded from Hong Kong SAR in 2022:
- Macao SAR (6.3 tons)
- China (6.1 tons)
- United States (0.7 tons)
- Japan (0.4 tons)
- India (0.3 tons)
Imports of Copper; Washers, (Including Spring Washers), Not Threaded in Hong Kong SAR
For the third year in a row, Hong Kong SAR recorded decline in supplies from abroad of copper; washers, (including spring washers), not threadeds, which decreased by -37.1% to 5.3 tons in 2022. Over the period under review, imports continue to indicate a sharp slump. The smallest decline of -17.4% was in 2021.
In value terms, imports of copper; washers, (including spring washers), not threadeds contracted sharply to $335K in 2022. In general, imports saw a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 32% against the previous year.
| Import of Copper; Washers, (Including Spring Washers), Not Threaded in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 254 | 192 | 178 | 133 | -19.4% |
| United States | 250 | 135 | 151 | 108 | -24.4% |
| Japan | 19.1 | 53.3 | 179 | 57.6 | 44.5% |
| Germany | 16.0 | 11.5 | 12.6 | 15.3 | -1.5% |
| South Korea | 14.3 | 18.8 | 12.9 | 2.6 | -43.3% |
| United Kingdom | 19.8 | 1.3 | 5.9 | 0.2 | -78.4% |
| Others | 17.0 | 2.0 | 7.2 | 17.6 | 1.2% |
| Total | 590 | 414 | 546 | 335 | -17.2% |
Top Suppliers of Copper; Washers, (Including Spring Washers), Not Threaded to Hong Kong SAR in 2022:
- China (3251.0 kg)
- United States (1148.0 kg)
- Japan (331.0 kg)
- South Korea (202.0 kg)
- Germany (198.0 kg)
- United Kingdom (7.0 kg)
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