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Australia - Refined Copper (Unwrought, Not Alloyed) - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

Australia - Refined Copper (Unwrought, Not Alloyed) - Market Analysis, Forecast, Size, Trends And Insights

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Jun 8, 2023

Australia's Refined Copper Price Grows 6%, Averaging $8,572 per Ton After Three Consecutive Months of Growth

Australia Refined Copper Export Price in February 2023

In February 2023, the refined copper price stood at $8,572 per ton (FOB, Australia), rising by 6.2% against the previous month. In general, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $10,497 per ton in May 2022; however, from June 2022 to February 2023, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In February 2023, the highest price was recorded for prices to Indonesia ($9,210 per ton) and Thailand ($9,152 per ton), while the average price for exports to South Korea ($7,537 per ton) and Bangladesh ($8,307 per ton) were amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+2.1%), while the prices for the other major destinations experienced a decline.

COUNTRYExport Price of Refined Copper in Australia (USD per ton)
Feb 2022Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023
Indonesia7,1867,39710,557N/A9,0487,5258,150N/A7,8258,1208,2718,3799,210
Thailand9,2638,6729,48710,0349,4477,8357,1627,3037,6197,6127,9298,3349,152
Vietnam9,8589,5709,9279,8009,3208,5567,5797,4737,5517,7207,6898,0728,822
Malaysia9,27510,05710,2319,8469,4218,3787,7898,0097,7388,1298,0918,0968,815
Taiwan (Chinese)9,4709,95210,1279,3108,7128,6377,612N/A7,6707,3268,1737,7958,725
China9,6769,59210,01412,5678,9998,8107,6877,5597,5887,5007,6738,1218,377
BangladeshN/AN/A9,7269,4569,1989,005N/A7,4817,5517,626N/A7,3688,307
South KoreaN/A9,92210,05410,05610,7588,4507,6567,2777,7527,6068,5508,3697,537
Average9,4489,71610,03610,4979,2018,6057,6587,6227,6327,5887,9188,0718,572

Australia Refined Copper Exports

In February 2023, approximately 30K tons of refined copper (unwrought, not alloyed) were exported from Australia; which is down by -14.9% compared with the month before. Over the period under review, total exports indicated a slight expansion from February 2022 to February 2023: its volume increased at an average monthly rate of +1.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2023 figures, exports decreased by +0.8% against December 2022 indices. The pace of growth appeared the most rapid in March 2022 with an increase of 35% month-to-month.

In value terms, refined copper exports shrank to $253M (IndexBox estimates) in February 2023. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 with an increase of 38% against the previous month.

Australia Refined Copper Exports by Country

China (16K tons) was the main destination for refined copper exports from Australia, with a 55% share of total exports. Moreover, refined copper exports to China exceeded the volume sent to the second major destination, Malaysia (4.7K tons), threefold. The third position in this ranking was taken by Taiwan (Chinese) (2.6K tons), with an 8.8% share.

From February 2022 to February 2023, the average monthly growth rate of volume to China totaled +5.9%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Malaysia (-5.3% per month) and Taiwan (Chinese) (-3.9% per month).

In value terms, China ($135M) remains the key foreign market for refined copper exports from Australia, comprising 53% of total exports. The second position in the ranking was taken by Malaysia ($41M), with a 16% share of total exports. It was followed by Thailand, with a 9% share.

From February 2022 to February 2023, the average monthly growth rate of value to China amounted to +4.6%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Malaysia (-5.7% per month) and Thailand (+3.2% per month).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the refined copper market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 24441330 - Unwrought unalloyed refined copper (excluding rolled, e xtruded or forged sintered products)

Country coverage:

  • Australia

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Australia
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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