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China - Copper Wire - Market Analysis, Forecast, Size, Trends And Insights

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Jul 20, 2023

China Sees Slight Drop in Copper Wire Imports to $97M in April 2023

China Copper Wire Imports

In April 2023, copper wire imports into China contracted to 10K tons, with a decrease of -11% against the month before. The total import volume increased at an average monthly rate of +1.7% from April 2022 to April 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain months. The most prominent rate of growth was recorded in March 2023 when imports increased by 40% against the previous month. As a result, imports reached the peak of 12K tons, and then contracted in the following month.

In value terms, copper wire imports fell to $97M (IndexBox estimates) in April 2023. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 when imports increased by 35% m-o-m. As a result, imports reached the peak of $107M, and then dropped in the following month.

COUNTRY	Import Value of Copper Wire in China (million USD)
COUNTRY	Apr 2022	May 2022	Jun 2022	Jul 2022	Aug 2022	Sep 2022	Oct 2022	Nov 2022	Dec 2022	Jan 2023	Feb 2023	Mar 2023	Apr 2023
Malaysia	9.4	3.3	13.2	13.6	12.2	16.7	14.1	10.4	15.2	20.7	14.5	25.8	26.6
Indonesia	31.3	24.4	27.2	44.3	25.1	25.4	21.2	24.8	24.4	22.4	21.2	33.8	24.7
Vietnam	11.7	17.7	9.8	10.6	4.6	3.8	6.9	15.6	18.9	16.2	12.2	16.8	16.6
Japan	8.1	7.9	8.7	7.0	6.1	5.4	5.5	5.0	7.1	4.2	6.8	5.6	6.8
South Korea	5.9	5.1	5.4	5.6	5.2	7.6	7.0	6.2	4.3	4.8	5.8	5.1	5.7
Thailand	5.2	3.5	2.2	1.4	1.7	1.1	1.6	1.3	0.8	3.4	2.2	< 0.1	< 0.1
Others	22.1	26.2	26.6	19.8	18.6	16.6	14.3	14.4	16.5	12.9	16.8	20.2	16.5
Total	93.7	88.1	93.0	102	73.4	76.6	70.6	77.7	87.2	84.7	79.4	107	96.9

Imports by Country

Indonesia (2.9K tons), Malaysia (2.9K tons) and Vietnam (2K tons) were the main suppliers of copper wire imports to China, with a combined 77% share of total imports.

From April 2022 to April 2023, the biggest increases were in Malaysia (with a CAGR of +10.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($27M), Indonesia ($25M) and Vietnam ($17M) constituted the largest copper wire suppliers to China, with a combined 70% share of total imports.

Malaysia, with a CAGR of +9.1%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Imports by Type

In April 2023, copper; wire, of refined copper, of which the maximum cross-sectional dimension exceeds 6mm (7.1K tons) constituted the largest type of copper wire supplied to China, with a 70% share of total imports. Moreover, copper; wire, of refined copper, of which the maximum cross-sectional dimension exceeds 6mm exceeded the figures recorded for the second-largest type, copper; wire, of refined copper, of which the maximum cross-sectional dimension is 6mm or less (2.1K tons), threefold. Copper; wire, of copper-zinc base alloys (brass) (930 tons) ranked third in terms of total imports with a 9.1% share.

From April 2022 to April 2023, the average monthly growth rate of the volume of import of copper; wire, of refined copper, of which the maximum cross-sectional dimension exceeds 6mm totaled +5.5%. With regard to the other supplied products, the following average monthly rates of growth were recorded: copper; wire, of refined copper, of which the maximum cross-sectional dimension is 6mm or less (-4.5% per month) and copper; wire, of copper-zinc base alloys (brass) (+1.7% per month).

In value terms, copper; wire, of refined copper, of which the maximum cross-sectional dimension exceeds 6mm ($62M) constituted the largest type of copper wire supplied to China, comprising 64% of total imports. The second position in the ranking was held by copper; wire, of refined copper, of which the maximum cross-sectional dimension is 6mm or less ($22M), with a 23% share of total imports. It was followed by copper; wire, of copper-zinc base alloys (brass), with an 8.2% share.

Import Prices by Country

In April 2023, the copper wire price stood at $9,464 per ton (CIF, China), approximately reflecting the previous month. In general, the import price, however, saw a slight shrinkage. The most prominent rate of growth was recorded in February 2023 an increase of 7.6% month-to-month. Over the period under review, average import prices hit record highs at $11,397 per ton in June 2022; however, from July 2022 to April 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In April 2023, the country with the highest price was Japan ($22,196 per ton), while the price for South Korea ($7,757 per ton) was amongst the lowest.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was attained by Japan (+0.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the copper wire market in China. 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 24442330 - Copper wire, refined (transv. section > 6 mm), of copper alloy
Prodcom 24442350 - Copper wire with cross-sectional dimension > 0,5 mm, . 6 mm (excluding twine or cord reinforced with wire, stranded wire and cables)
Prodcom 24442370 - Copper wire with cross-sectional dimension . 0,5 mm (excluding twine or cord reinforced with wire, stranded wire and cables)

Country coverage:

China

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in China
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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. 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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
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
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

China - Copper Wire - Market Analysis, Forecast, Size, Trends And Insights

China Sees Slight Drop in Copper Wire Imports to $97M in April 2023

China Copper Wire Imports

Imports by Country

Imports by Type

Import Prices by Country

Product coverage:

Country coverage:

Data coverage:

Reasons to buy this report:

1. INTRODUCTION

2. EXECUTIVE SUMMARY

3. MARKET OVERVIEW

4. MOST PROMISING PRODUCT

5. MOST PROMISING SUPPLYING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS

7. PRODUCTION

8. IMPORTS

9. EXPORTS

10. PROFILES OF MAJOR PRODUCERS

LIST OF TABLES

LIST OF FIGURES

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