Price for Refined Copper Tube and Pipe in Hong Kong SAR - 2023
Contents:
- Price for Refined Copper Tube and Pipe in Hong Kong SAR (CIF) - 2022
- Price for Refined Copper Tube and Pipe in Hong Kong SAR (FOB) - 2022
- Imports of Refined Copper Tube and Pipe in Hong Kong SAR
- Exports of Refined Copper Tube and Pipe in Hong Kong SAR
Price for Refined Copper Tube and Pipe in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for tubes and pipes of refined copper amounted to $10,273 per ton, rising by 8.3% against the previous year. Over the period under review, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, refined copper tube and pipe import price increased by +52.3% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 41%. The import price peaked in 2022 and is likely to see gradual growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the UK ($10,537 per ton) and Thailand ($10,524 per ton), while the price for Australia ($9,818 per ton) and China ($10,076 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Refined Copper Tube and Pipe in Hong Kong SAR (FOB) - 2022
The average export price for tubes and pipes of refined copper stood at $11,246 per ton in 2022, increasing by 21% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2017 when the average export price increased by 30% against the previous year. As a result, the export price reached the peak level of $11,448 per ton. From 2018 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($11,405 per ton), while the average price for exports to Macao SAR totaled $10,083 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (+2.8%).
Imports of Refined Copper Tube and Pipe in Hong Kong SAR
In 2022, the amount of tubes and pipes of refined copper imported into Hong Kong SAR shrank to 6.9K tons, declining by -7.7% compared with the year before. The total import volume increased at an average annual rate of +1.6% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. As a result, imports reached the peak of 7.5K tons, and then declined in the following year.
In value terms, refined copper tube and pipe imports fell slightly to $71M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +15.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +78.1% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 78% against the previous year. As a result, imports attained the peak of $71M, leveling off in the following year.
| Import of Refined Copper Tube and Pipe in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.8 | 9.9 | 13.8 | 21.1 | 33.8% |
| United Kingdom | 17.5 | 11.4 | 27.0 | 20.9 | 6.1% |
| South Korea | 10.9 | 8.7 | 14.5 | 13.9 | 8.4% |
| Australia | 7.8 | 8.7 | 11.9 | 13.5 | 20.1% |
| Thailand | 1.3 | 0.8 | 1.9 | 1.5 | 4.9% |
| Others | 0.5 | 0.7 | 2.4 | 0.4 | -7.2% |
| Total | 46.8 | 40.1 | 71.4 | 71.4 | 15.1% |
Top Suppliers of Refined Copper Tube and Pipe to Hong Kong SAR in 2022:
- China (2.1K tons)
- United Kingdom (2.0K tons)
- Australia (1.4K tons)
- South Korea (1.3K tons)
- Thailand (0.1K tons)
Exports of Refined Copper Tube and Pipe in Hong Kong SAR
In 2022, the amount of tubes and pipes of refined copper exported from Hong Kong SAR surged to 1.2K tons, jumping by 30% against the year before. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +18.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 33% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, refined copper tube and pipe exports surged to $14M in 2022. In general, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Refined Copper Tube and Pipe in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.5 | 4.7 | 6.0 | 10.7 | 45.1% |
| Macao SAR | 2.6 | 1.9 | 2.7 | 2.8 | 2.5% |
| New Zealand | 0.8 | 0.1 | N/A | N/A | -87.5% |
| Others | N/A | N/A | 0.1 | 0.2 | 100.0% |
| Total | 7.0 | 6.7 | 8.7 | 13.8 | 25.4% |
Top Export Markets for Refined Copper Tube and Pipe from Hong Kong SAR in 2022:
- China (939.7 tons)
- Macao SAR (278.8 tons)
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888
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