ASEAN: Copper Powder Market 2024

Copper Powder Market Size in ASEAN

In 2021, the ASEAN copper powder market increased by 15% to $X for the first time since 2015, thus ending a five-year declining trend. Over the period under review, consumption, however, showed a abrupt downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Copper Powder Production in ASEAN

In value terms, copper powder production reached $X in 2021 estimated in export price. Over the period under review, production recorded a remarkable increase. The growth pace was the most rapid in 2018 when the production volume increased by 151% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Copper Powder Exports

Exports in ASEAN

Copper powder exports was estimated at X tons in 2021, increasing by 11% compared with the previous year's figure. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 2,560% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, copper powder exports surged to $X in 2021. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 2,791%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Malaysia prevails in exports structure, resulting at X tons, which was approx. 93% of total exports in 2021. It was distantly followed by Singapore (X tons), committing a 7% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to copper powder exports from Malaysia stood at +51.4%. At the same time, Singapore (+76.3%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +76.3% from 2012-2021. While the share of Malaysia (+9.5 p.p.) and Singapore (+5.4 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) remains the largest copper powder supplier in ASEAN, comprising 77% of total exports. The second position in the ranking was held by Singapore ($X), with a 22% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Malaysia stood at +46.0%.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2021, surging by 12% against the previous year. Over the period under review, the export price, however, recorded a mild downturn. The growth pace was the most rapid in 2014 when the export price increased by 36%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+3.7%).

Copper Powder Imports

Imports in ASEAN

In 2021, the amount of copper powders and flakes imported in ASEAN soared to X tons, picking up by 264% against the previous year's figure. Over the period under review, imports enjoyed a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, copper powder imports soared to $X in 2021. In general, imports saw a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Singapore was the main importing country with an import of around X tons, which accounted for 69% of total imports. Thailand (X tons) ranks second in terms of the total imports with a 15% share, followed by Malaysia (9.9%). The following importers - Indonesia (X tons) and Vietnam (X tons) - together made up 5.5% of total imports.

Singapore was also the fastest-growing in terms of the copper powders and flakes imports, with a CAGR of +21.2% from 2012 to 2021. At the same time, Malaysia (+20.4%) displayed positive paces of growth. Vietnam experienced a relatively flat trend pattern. By contrast, Indonesia (-1.3%) and Thailand (-10.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Singapore and Malaysia increased by +49 and +6.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) constitutes the largest market for imported copper powders and flakes in ASEAN, comprising 73% of total imports. The second position in the ranking was held by Thailand ($X), with a 15% share of total imports. It was followed by Malaysia, with a 4.7% share.

From 2012 to 2021, the average annual growth rate of value in Singapore amounted to +25.8%. In the other countries, the average annual rates were as follows: Thailand (+11.1% per year) and Malaysia (+18.3% per year).

Import Prices by Country

In 2021, the import price in ASEAN amounted to $X per ton, jumping by 50% against the previous year. Over the period under review, the import price enjoyed a resilient expansion. As a result, import price reached 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 Vietnam ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+23.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform