ASEAN: Market for Copper Bars, Wire And Plates 2024

Market Size for Copper Bars, Wire And Plates in ASEAN

In 2021, after two years of growth, there was decline in the ASEAN market for copper bars, wire and plates, when its value decreased by -0.5% to $X. Over the period under review, consumption recorded a slight decline. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Production of Copper Bars, Wire And Plates in ASEAN

In value terms, copper bars, wire and plates production shrank modestly to $X in 2021 estimated in export price. In general, production saw a mild shrinkage. The most prominent rate of growth was recorded in 2017 when the production volume increased by 20% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Copper Bars, Wire And Plates

Exports in ASEAN

In 2021, shipments abroad of copper bars, wire and plates was finally on the rise to reach X tons after three years of decline. Total exports indicated a tangible expansion from 2012 to 2021: its volume increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, copper bars, wire and plates exports skyrocketed to $X in 2021. Total exports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Thailand (X tons) and Malaysia (X tons) represented the largest exporters of copper bars, wire and plates in 2021, resulting at near 33% and 32% of total exports, respectively. Indonesia (X tons) held the next position in the ranking, distantly followed by Vietnam (X tons) and Singapore (X tons). All these countries together held approx. 33% share of total exports. The Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Vietnam (with a CAGR of +26.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest copper bars, wire and plates supplying countries in ASEAN were Thailand ($X), Malaysia ($X) and Indonesia ($X), with a combined 83% share of total exports. Singapore, Vietnam and the Philippines lagged somewhat behind, together comprising a further 17%.

Vietnam, with a CAGR of +22.7%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in ASEAN amounted to $X per ton, growing by 33% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+2.5%), while the other leaders experienced more modest paces of growth.

Imports of Copper Bars, Wire And Plates

Imports in ASEAN

After two years of decline, purchases abroad of copper bars, wire and plates increased by 23% to X tons in 2021. The total import volume increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, copper bars, wire and plates imports skyrocketed to $X in 2021. Total imports indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Thailand (X tons), Vietnam (X tons), the Philippines (X tons), Malaysia (X tons), Singapore (X tons) and Indonesia (X tons) was the largest importer of copper bars, wire and plates in ASEAN, committing 98% of total import. Cambodia (X tons) held a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Cambodia (with a CAGR of +32.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Vietnam ($X) and Malaysia ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 65% share of total imports. The Philippines, Singapore, Indonesia and Cambodia lagged somewhat behind, together comprising a further 35%.

Cambodia, with a CAGR of +27.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in ASEAN amounted to $X per ton, picking up by 32% against the previous year. Over the last nine years, it increased at an average annual rate of +1.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per ton), while Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+3.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform