Price for Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) in Hong Kong SAR - 2023
Contents:
- Price for Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) in Hong Kong SAR (CIF) - 2022
- Price for Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) in Hong Kong SAR (FOB) - 2023
- Imports of Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) in Hong Kong SAR
- Exports of Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) in Hong Kong SAR
Price for Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) in Hong Kong SAR (CIF) - 2022
The average import price for copper; bars, rods and profiles, of copper-zinc base alloys (brass)s stood at $8,940 per ton in 2022, increasing by 16% against the previous year. Over the period under review, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for copper; bars, rods and profiles, of copper-zinc base alloys (brass)s increased by +35.2% against 2018 indices. The most prominent rate of growth was recorded in 2017 an increase of 28%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($9,688 per ton) and China ($9,505 per ton), while the price for South Korea ($7,487 per ton) and Taiwan (Chinese) ($7,726 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) in Hong Kong SAR (FOB) - 2023
The average export price for copper; bars, rods and profiles, of copper-zinc base alloys (brass)s stood at $5,672 per ton in November 2023, increasing by 6.1% against the previous month. In general, the export price, however, recorded a pronounced shrinkage. The most prominent rate of growth was recorded in May 2023 when the average export price increased by 65% month-to-month. The export price peaked at $9,414 per ton in March 2023; however, from April 2023 to November 2023, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for China.
From November 2022 to November 2023, the rate of growth in terms of prices for South Korea amounted to 0.0% per month.
Imports of Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) in Hong Kong SAR
In 2022, the amount of copper; bars, rods and profiles, of copper-zinc base alloys (brass)s imported into Hong Kong SAR plummeted to 1.2K tons, waning by -67.8% compared with the previous year. In general, imports saw a significant curtailment. The pace of growth was the most pronounced in 2021 with an increase of 55% against the previous year. As a result, imports attained the peak of 3.6K tons, and then declined sharply in the following year.
In value terms, imports of copper; bars, rods and profiles, of copper-zinc base alloys (brass)s declined remarkably to $10M in 2022. Over the period under review, imports faced a abrupt downturn. The pace of growth was the most pronounced in 2021 when imports increased by 85% against the previous year. As a result, imports reached the peak of $28M, and then declined dramatically in the following year.
| Import of Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.0 | 3.0 | 3.4 | 3.9 | 9.1% |
| Japan | 7.1 | 5.7 | 8.1 | 3.5 | -21.0% |
| South Korea | 3.8 | 4.6 | 12.2 | 2.6 | -11.9% |
| Taiwan (Chinese) | 3.8 | 1.7 | 4.1 | 0.4 | -52.8% |
| Others | 0.2 | 0.1 | 0.2 | 0.1 | -20.6% |
| Total | 17.9 | 15.1 | 28.0 | 10.4 | -16.6% |
Top Suppliers of Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) to Hong Kong SAR in 2022:
- China (408.6 tons)
- Japan (358.3 tons)
- South Korea (341.6 tons)
- Taiwan (Chinese) (56.8 tons)
Exports of Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) in Hong Kong SAR
Exports of copper; bars, rods and profiles, of copper-zinc base alloys (brass)s from Hong Kong SAR shrank significantly to 733 tons in 2022, declining by -75% against the year before. Overall, exports showed a precipitous curtailment. The growth pace was the most rapid in 2021 with an increase of 120%. As a result, the exports attained the peak of 2.9K tons, and then shrank notably in the following year.
In value terms, exports of copper; bars, rods and profiles, of copper-zinc base alloys (brass)s shrank dramatically to $7M in 2022. In general, exports saw a abrupt setback. The growth pace was the most rapid in 2021 when exports increased by 180% against the previous year. As a result, the exports reached the peak of $23M, and then contracted sharply in the following year.
| Export of Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 10.7 | 8.1 | 22.5 | 6.9 | -13.6% |
| Others | 0.1 | N/A | 0.2 | 0.1 | 0.0% |
| Total | 10.7 | 8.1 | 22.8 | 7.0 | -13.2% |
Top Export Markets for Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) from Hong Kong SAR in 2022:
- China (724.8 tons)
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